1954-D Wheat Pennies, any idea on its grade?

I found these in a bank roll about a month ago and I was just wondering how much all of them total would be worth. There are about 47-48 of them, I will try to get a better picture of them tomorrow

 

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.50-1 dollar a piece if they are mint state

 

I think they are, not brown like all the other wheat pennies I have found. I am planing on having them graded at some point.

 

I don't believe it will be worth it to get all those graded, it will cost more than they are worth.

 

Welcome to the forum! I would echo the holding off grading. 54D BU rolls are often in the $20-$40 range. I would keep the roll dry and in a good environment, and then some day when you have other coins to go to a TPG, add the best coin of the roll. It will give you an idea of what might be there.

Jim

 

@desertgem: Thank you very much, I think it said BU on the roll. I went through the roll to just make sure it was all the same and there was 2 older wheat pennies. Since I am new to this, what is the meaning of BU and what is its grade about?

 

BU means "brilliant uncirculated" , and the definition as to a MS type of grade will vary by different people. In older days, it just meant that it was a minimum classification and was MS-60 or better, and Choice BU were MS-63, Gem were MS-65, but these are very hazy at best. In reality today a roll labeled BU can mean they are all MS-60 or above at best. Some may not be brilliant, some may not be MS-60 even, as many rolls are assembled, and grading is not the expertise of many sellers.

That is why I suggested holding them for a while and only sending the best when you do. This will allow more time to see graded coins and form your own idea of grade and seeing how the market agrees. Grading requires a person to evaluate a coin in the aspect of appearance, what catches the eye, the cartwheel effect as one rotates and tilts it, any blemishes , toning, corrosion, color ( Red, RB, or Brown) and then with a magnifier, physical defects such as bag marks, dings, scratches, etc. for a Grade aspect. Almost certainly, a new grader will be higher than an experienced grader as the brain allows first impressions of appearance ( the WOW factor if any) to take precedence. This can certainly occur with toned or error coins.

Of course this is my thoughts,

Jim

 

Thanks Jim, I thought they were MS65 at first....atleast I was close

 

When the OP says

,
I'm not sure if he means professionally graded by a TPG, or just graded by somebody who's better at grading coins, such as a dealer or another collector. I think it may be the latter.

Also, welcome to CT!

 

Thanks Lon and someone better than me. I know there is an antique store down the street from me, but I doubt they would have any type of currency there. Is it worth a trip down there?

 

I used to drive by an antique shop in college. They had a small sign in the window saying that they appraised coins. Most items in the shop were on consignment, and there were not coins for sale. But the guy did do a quick free appraisal and offered to buy the coins I brought in.

 

mine is just an antique store with well...antiques. I'll check it out tomorrow when its open before I have golf practice