Please take a look at my new (and first) steel wheat penny.

Discussion in 'US Coins Forum' started by eddyk, Jun 27, 2008.

  1. eddyk

    eddyk New-mismatist

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    Any guesses at a grade.

    I bought this in a lot with 3 other coins for $1.
    So to divide that up this cost me 25 cents...what would be a fair price for this coin?

    I find it an interesting coin to have with the added bit of history attached to it.
     
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  3. Treashunt

    Treashunt The Other Frank

    eddy:

    Yup, a steelie.

    That said, probably re-processed.
     
  4. eddyk

    eddyk New-mismatist

    I have no idea what that means.

    EDIT:
    Well I do now I have looked it up.

    That means that there was no thin layer of zinc on the original 1943 cent's edge (#1 photo). This fact becomes one of the most significant ways to differentiate an original finish steel cent from an altered finish reprocessed coin. It's confusing because sometimes dealers use the terms "processed", "re-coated" and "reprocessed" interchangeably, all referring to reprocessed (altered finish) coins. All steel cents were originally processed, by the U.S. Mint, with a thin zinc coating. This guide is about the reprocessed or altered finish coins (those coins that were treated with a second zinc coating applied by dealers).
     
  5. gatzdon

    gatzdon Numismatist

    While that's a possibility, I would have phrased it as a question rather than an assumption. From looking at OP's pics, they are not good enough to discern whether or not they were re-plated.

    PS, nice find OP. so far I've found 2 steel 1943 philly cents from circulation. both of them left quite a bit to be desired.
     
  6. Treashunt

    Treashunt The Other Frank

    gatzon:
    With that shine on the surface, what else could it be.
    I have a number of unc steelies, and they are not proof-like.
    Not that they do not exist, but I have never seen or heard of one.
    [and, I admit, I am not perfect, but I have never seen a PL steelie.]

    And circs are pretty ugly.

    How about it, folks:
    ? or .
     
  7. rzage

    rzage What Goes Around Comes Around .

    Could you post a straight on shot , reprocessed is when they take borderline UNC then replate them to look like new .
    rzage
     
  8. 900fine

    900fine doggone it people like me

    Cool coins. Lots of history in these. Nice grab !
     
  9. ldhair

    ldhair Clean Supporter

    This is the look they started with.
    [​IMG]
     
  10. Mark Feld

    Mark Feld Rare coin dealer

    I have seen a number of steel cents which are semi-prooflike in appearance, and the odd look in this case might be due to the imaging/lighting.
     
  11. clembo

    clembo A closed mind is no mind

    Reprocessed or not you did good EddyK.

    clembo
     
  12. mralexanderb

    mralexanderb Coin Collector

    Nice score for a buck! Straight on photos would help determine the condition of the coins.

    Bruce
     
  13. ljkvette

    ljkvette Member

    Either way, it's a nice looking coin!
     
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