Coin Values and Coin Population ?

I am going through some of my old coins and I run across a roll of Pennies. I don't want to say the date but all 50 have the same DDO/DDR on each coin. Possibility to grade 66-68. So my question is should I submit them all to grading or just one or 2? I do not care about the money as much as the value of each. If I submit 50 and they add 50 more to the population how much do you think it might devalue a penny? Let's say one is worth 3k at a 67 but adding 50 to the population might devalue each to 1500 or less is that reasonable to expect?

 

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We really need to see photos of both sides of the coin in order to give you an honest opinion. A small area is just not enough. if you feel you must submit it may be a waste of money to do so so only 1 coin would be best. If you have a local coin shop you could take some there to get their opinion.
Welcome to CT.

 

Yea, what he said. Welcome to CoinTalk!!
More Pics please...

 

Hopefully this helps. Hard to get good images from these microscopes

 

…waiting for full images of both sides. When you do tell us where you see the doubling.

The pic you posted looks like die deterioration…imo…Spark

 

That’s die deterioration…Spark

 

Brian. You don't need a microscope for Pics., Try it with a cell phone like this:
(You can substitute the books with a Jar, can, etc... )

 

ahhh, I will definitely give that a try. Thank you, And Thank you Spark as well. Here is one more photo is this also Die deterioration?

 

Hey Spark is this also Die deterioration, Thanks for helping.

 

Some more pics from the other coins

 

Yes, it all appears to be die deterioration. A lot of collectors prefer to use the term “worn die”, but they essentially mean the same thing, and it can manifest itself in many ways.

Basically, after hundreds of thousands of strikes the surfaces of the working die lose definition. The field surfaces become patchy, lose luster and can also exhibit an “orange peel” effect as well as form ridge rings near the rim.

The letters and numbers will show erosion on one or both edges as well as scalloping wear at different areas, depending on the die in question.

Go to doubleddie.com and read everything on that site; it will launch you lightyears ahead learning about this hobby of ours…imo…Spark

 

I agree.

Definitely all Die Deterioration.
Considered Worthless doubling. Not DDO nor DDR.

 

You really dream big

Welcome to CoinTalk

 

If I found a roll of something really rare, I would send in one or two for grading to test the waters. I would not dump them all on the market at one time. Stuff like this has happened but not to me.

 

In addition to the DD, there is some MD apparent. If you look at your photo of the O in ONE you will note that the bottom of the O shows thinning of the device compounded by the flow of material towards the rim. These effects caused by aging dies and sloppiness in the equipment aren’t a major factor in grading but some collectors will avoid coins that aren’t aesthetically pleasing despite grading high.

 

That's an interesting question. Assuming that your grade holds true, the upper grades of 66 and 67 are low in the 1980's and earlier. Many are less than 50 in 67 RD, so if you add even a few that would certainly move the value. Now if by shear luck one grades at 68, that's definitely changing the values as almost none exist during these early years. Just my opinion. On a related note, what truly moves the value, always has and will, is popularity. One only needs to compare U.S. mintages to world coinage figures, hundreds of thousands of them at anemic mintages selling for a fraction of comparable U.S coinage to understand the market drivers.

 

Well, the OP hasn’t divulged the date of this roll of 50, but if they all have this same deterioration there’s no way any of them will grade high, imo.

They look as though they are new but nothing further can be advanced until he relents and posts full images of both sides as requested…Spark
@DoomsdayBrian

 

I agree,
In this instance sending one in for attribution and grading would be the way to go. I would use ANACS or ICG for this, and see what they say.

 

I’d just send them all in at once. Nothing will happen to the FMV if they’re not on the market. We had a big burlap sackfull of DDOs and DDRs, maybe 2000 in all, all above MS67, but we’re having trouble finding the thing. But when we do we’re definitely going to send them in.

 

It looks like doubling from a worn die. Pics of both sides that show the entire coin help in determining what’s wrong with the coin.