I found a 1947 Wheat Penny. Errors 1 (947) & Liberty. Whats my next step?

Log in or Sign up to hide this ad.

Too much damage.

 

Welcome To Cointalk
PMD post mint damage not a mint error spend it.
Dave

 

Next step.. Coin jar heading for Coinstar machine.
But It will probably reject it with so much damage

 

The 1 is missing because it was damaged by something, which practically obliterated the 1. PMD (post minting damage) not an error.

 

Thank you .I'm new to this hobby. I was told I needed something to keep me busy since I've been back from the sandbox. Any advice of what I should be looking for from 1957 - 2018?

 

Pakistan?

 

No ... Any diamonds in the ruff I could find worth anything? Between 1951-2018 any coins? I can't tell from the internet that would be a really worth anything

 

@TF629, first, welcome to CT!

This is a great site, not just for "aged" collectors, but also for newbies!

Personally, I would call the coin you posted a "keeper" - at 71 yrs old with the battle scars it has, it could really tell some stories, even though it's only worth the cent that it is.

First, I would advise that you collect what YOU like, what is attractive to YOU. As you will see as you peruse this site, we all have different preferences.

Secondly, although one may profit from flipping coins, the reality is, you must become extremely knowledgeable in grading, & spend an enormous amount of time honing this craft.

You might start by getting a "Red Book" - it can be a used copy, anything in the last 5 or 6 years should suffice. Ignore the prices, but this book will provide you with enormous amounts of information regarding mintages, varieties, etc. There are other books you can get regarding grading, etc. but the "Red Book" would be an excellent start. (..but do not, under any circumstances, by any book that suggests you can make money from pocket change!)

If you can, visit a coin show - it will really get your juices flowing, & you will have an opportunity to see different grades & how grades matter. You can accumulate a lot of knowledge doing this & talking to dealers.

You will find there are so many options to coin collecting, which makes it a fantastic hobby.

Good luck in your endeavors!

 

Thank you so much. I truly appreciate that advice and I will run with it thank you. Now question what does this mean these lines that go through the coin as if the copper wasn't mixed correctly or finished correctly

 

My novice eyes says that's a Woody!

http://www.error-ref.com/improper-alloy-mix/

EDIT: Although I guess weigh it to make sure it's copper to really verify.