Steel Cents

This is a 1943 Steel Cent graded by NGC as a MS-66. It has a slight copper color look to it but the light when taking photos makes it appear more copper looking than it really is. They have a total mintage of 684,628,670.

I do question the Red Book pricing for this coin, as well as all other zinc coated steel cents from other mints. In MS-63 it’s an $8.00 coin. In MS-65 it jumps to $2000.00. This is graded as a MS-66 and I paid less than $20.00 about 25 years ago. I know the red book prices are just a guide but that type of a jump is insane.

 

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It's been reprocessed/replated.
That brings its value way down.

 

Don't think so. You should double check those prices.

 

This is not a replated or reprocessed coin. Are you really convinced that NGC graded it a MS-66 and missed it being played? Dod you just look at the photos or did you take the time to read what I wrote?

 

I know but that’s what’s in my 2022 Red Book. I know their prices are not reality but I’ve never seen a jump in price like that. At best I would think maybe, just maybe $100.00 but I think that’s high as well.

 

@kanga …I doubt NGC would make that kind of egregious error in grading…they would do what any other CT member or knowledgable collector would do and check the edge for uncoated steel. I have 27 re-processed steels in MS65 or better condition, and this is the first lesson I learned when dealing with steel cents…imo…Spark

BTW…as novelties, re-processed steels range between 50 cents to $1.00 in value, but uninitiated/novice collectors still get gouged for more than this, as high as $3.00…straight, up front advertised as re-processed, no deception.

 

A local LCS near me steel cents, six for a dollar. Some are nice, some have rust on them and some are reprocessed/replated but I bought this coin 25 years ago. A TPG grader would almost have to be drunk to miss this.

 

Beautiful steelie CN!

 

Grey has an 1943 p in ms 66 @ $41 downward trend

 

That’s more what I thought. The Red Book must be in error. I posted the page just above. And that price is still more than double what I paid for this coin.

 

1943 steel cents, with the original zinc plating, have a duller matte finish. The pieces that have been re-plated are usually bright and shiny. This one is graded MS-66.



My 2023 Red Book listed $8 as the price for the 1943-P in MS-65. There is a listing for a 1943-D with a re-punched mint mark that is quite expensive.

 

Look at how that Red Book references the 1943-D "Boldly Doubled Mintmark." It's not doubled, it's repunched. Pretty sloppy of them.

 

I think they made a mistake and added an extra zero or two. No way on a steel vent do you jump $1992.00 in a grade.

 

I think not an error, they are NOT saying it is a Doubled die, but the MM is doubled

 

Nope.

 

Strangely enough, I just bought that coin last night as part of an MS66 set. And, no, none of them was $2,000. You suppose a copy reader at Red Book missed one?

 

Something along those lines.

 

You certainly can, but that grade isnt at 65. 68s are more than 2k more expensive than 67s for the 1943 P.

 

You are correct, it’s not a MS-65 coin. I suggest you read my opening post. It was graded by NGC as a MS-66. And in the fifth post I showed my 2022 Red Book pricing. A MS-63 is $8.00 and a MS-64 is $2000.00. That’s why I say no way does the price jump that much on a coin dated 1943. And mine’s a grade higher than the Red Book. And we all know that is just a guide and not actual value but it’s a mistake in pricing. It has to be.

 

I s8uggest you read what I wrote. Its pretty straight forward your post was about your coin and your red book pricing. I responded to your red book pricing picture which shows the 65 (not a 64 as you just posted) jumps to 2000 and your incorrect statement that a steel cent cant go up by 2k in a single grade. Your post had no mention of grades in your incorrect statement that I responded too.

It doesnt take a genius to figure out your red book is either an error or just flat out wrong, its a very poor pricing tool in general