1944 Steel Cent????

Doug:
Nah, it looks real, it is an AG tho, an probably cleaned.
With the shipping, the price is just about right.
If it were a fake it would be worth more.

 

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Darn right... a good thing for the high bidding "winner" who would be out 26 benjamins on a coin worth 50c. They dodged a bullet on this one.

Maybe some unethical shill bidding going on with this one.

Anyone who bids big money on uncertified E-bay stuff is foolish IMO.

Does anyone REALLY believe the seller could get 5x reserve (minimum 5x $2600 = $13,000) for this thing and wouldn't do it just because they are generous ? puh-LEAZE.

They didn't certify it because this is a basic 1944 shell case cent - NOT a rare steel error.

 

I checked Heritage's website - they have only carried three 1944 steels out of the million+ coins they have sold...

1944-P NCS cleaned AU-50 $17,250
1944-D ANACS AU-50 $34,500
1944-P NCS rusty XF-40 $6,325

I'm guessing the E-Bay $2600 bidder knew these things are really pricey and got caught up in "something for nothing" fever. Fatal disease.

 

FYI; you missed 3

1944-P PCGS AU-55 $11,500
1944-P NGC AU-50 $5,750
1944-P NGC AU-55 $5,405

 

Thanks ! I did a search on "1944 steel" and just got the three.

I notice your three are much much less $$$. Are they older sales ? The three I found were pretty recent (last 24 months).

 

I searched for the most expensive 1944 Lincoln. Yes, they are earlier ones. The reason your search missed them is because they are listed as "1944 1C, RD"!?!? They do not show the slabs for any of them so I cannot tell you what the slabs say. In fact, only one even has a picture.

 

Red steel cents ? I'm not sure which zinc alloy gives red !

 

It's called ferrous oxide, which can develop after the zinc coating is breached.

 

Not gem...but it does have too much detail for it to be in the bullion range.

 

The one that is pictured is definitely not RED - rust or otherwise.

 

Right on. I think Roy was being silly. Ferrous oxide wouldn't make a steel cent grade RD - it would make it grade RUSTED ! :smile

Plus this is just a standard shell case '44, so it can't get ferrous oxidized on us.

 

I think you missed some of this thread. These are your non-standard zinc/steel cents as slabbed and sold on Heritage.

 

But not this particular piece, which is a fantasy by the seller. It's just a standard '44, which for some reason he thinks is special.

I was just saying that there's no way for a real steel / zinc planchet to ever be RED, regardless of date.

According to NGC and PCGS census, there are no steel planchet cent slabs graded as red - either '43 or '44.

On steel, ferrous oxide = not good (and definitely not RD). That was the play on words with Roy - they're "red" of sorts, but not the good kind.

The note from Heritage describing the three 1944s as "1944 1C, RD" is either

• erroneous (if these are steel planchets - no NGC / PCGS slab says RD for a steel planchet)
• it's describing a regular 1944, which are sometimes red. This isn't likely, since you found the extra three '44s in the "high price bin" ! So they're certainly steel planchets, and thus not RD.

 

Delusions of cash is what this seller had. I bet they do a lot of this kind of thing.

 

I did not say that they were graded red. I quoted the listing title given on Heritage:

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