1955 Lincoln cent, amazing condition

Discussion in 'Coin Chat' started by Mr.Coincoin, Jul 25, 2023.

  1. Mr.Coincoin

    Mr.Coincoin Member

    Just found this cent recently and I’m wondering what grade it might get and if it would even be worth it to get this coin graded. Any info helps thanks! 16ECC2D3-FAB9-4C67-AB0B-84AEAADE330A.jpeg AE13B2AD-98F2-4163-A2B3-B83C73B2D545.jpeg
     
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  3. SensibleSal66

    SensibleSal66 U.S Casual Collector / Error Collector

    WoW! Mint state maybe?
    WoWPic.jpg
     
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  4. SensibleSal66

    SensibleSal66 U.S Casual Collector / Error Collector

    Sorry. As nice as it is, it wouldn't be financially wise to do as the value is way below the cost of grading. ;)
     
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  5. Spark1951

    Spark1951 Accomplishment, not Activity

    The truth is: No. As nice as that ‘55 Philly is, the coin, imo, is around MS62 grade-wise.

    According to NumisMedia/Fair Market Value (FMV) listings this coin at MS62 would calculate out to be valued around $3.14. Slabbing on the cheap by multiple submission might cost $10-15. So, your investment by slabbing would take a very long time to appreciate to cover the slabbing cost.

    That doesn’t mean it doesn’t deserve slabbing, it’s a really nice specimen. Just be aware of the time involved, so you may have to eat the cost if you get it slabbed.
    imo…Spark
     
  6. Mr.Coincoin

    Mr.Coincoin Member

    Thanks so much! Lots of needed info in this one message, I appreciate the clarity.
     
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  7. Cheech9712

    Cheech9712 Every thing is a guess

    Yes if you think the coins perfect. It has to be perfect or otherwise NO
     
  8. Cheech9712

    Cheech9712 Every thing is a guess

  9. Cheech9712

    Cheech9712 Every thing is a guess

    That’s why these members are here. If the coin was perfect, the answer would of been quite different
     
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  10. Collecting Nut

    Collecting Nut Borderline Hoarder

    Not worth the money to grade it but it is a nice looking cent. Put it in a flip and keep it.
     
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  11. eddiespin

    eddiespin Fast Eddie

    It's a nice-looking gem and one that should be kept and preserved in at least a 2x2 holder. It has a retained die crack looks like running the length of the bottom of the coat.
     
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  12. BadThad

    BadThad Calibrated for Lincolns

    Common grade for these MS-60 to 63, yours is common and might even have seen some circulation (can't tell from the pictures), worth only a couple bucks at best.
     
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  13. eddiespin

    eddiespin Fast Eddie

    Where are you seeing wear? I'm not seeing any wear...anywhere (lol, couldn't resist).
     
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  14. Collecting Nut

    Collecting Nut Borderline Hoarder

    Looks like a faint shadow on the last 5. If so it could be a poor mans doubled die it that’s still only a few dollars.
     
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  15. Vess1

    Vess1 CT SP VIP Supporter

    Like most years of the wheat cent, so many were made that a large enough percentage were saved to satisfy the current demand for them. Making decent condition examples very common and affordable.

    If you knew what went into getting a coin graded you'd probably never ask this question again. lol Don't think that it will be cheap sending "just one" in. It's the exact opposite. Sending one in is the most costly because shipping/insurance and fees are fixed on top of the grading fee. Would take close to $50 to get that graded and back in your hands. Not to mention the paperwork and handling to do so properly. Aka, "work".

    I have a 1944-D wheat cent that's graded MS-67 RB. Population of 13. There's no RBs graded higher. It is what you'd describe as amazing and unique condition. It's price guide value is, (drumroll please!)...... $40. Cue Price is Right trombone, descending fail sound. You would lose money on grading even sending mine in.

    Side note, there's over 1100 44-Ds graded MS-67 in full red (RD) condition so that's why the RB version is suppressed at that level. Plenty to go around but still enjoyable. Affordable and nice is a good thing.

    Yours is a nice condition one though. Much nicer than normal. But you'd be better off buying a much nicer version already slabbed and it'll probably cost less than the grading did.
     
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  16. Mr.Coincoin

    Mr.Coincoin Member

    @Vess1 thank you so much for all that information, very new to collecting and I’m here just trying to learn from anyone that’s willing to dumb down some answers lol. Your response gave me lots of much needed knowledge about the grading process that I had been wondering myself. I appreciate the thorough answer!
     
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