The PO1 British Penny question

I have had this 1881 English penny for quite a while, and it appears to be a very “lowball”, possibly PO1 coin. I’ve heard of heavily worn Morgans selling for quite a bit, but what about this?

 

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Scrap copper.

I get tons of these all the time when I buy collections.
All the worn ones go in the scrap bin for smelting.
The only Bun Head Penny date worth saving in that condition is the the 1869.

 

I understand why you asked, but I think you are comparing apples to oranges here. Morgans, and US coins, in general, have a huge collector base in comparison to British Pennies. I can not think of a single reason why this coin would sell for anything more than the going rate for bulk world coins. The collector base is just not there.

 

Supply vs. Demand. No demand compared to the supply, which means not valuable.

 

You're headed in the right direction but I think there's a little to much meat on that bone. I can't tell from here if there's any damage on your coin. If your coin could straight grade and placed in a PO1 slab...........it would fetch a premium in my opinion.

 

Only Americans like PO1 coins, and mostly only US coins at that. This is worth copper melt value or a touch over.

 

I don't think it's anywhere near bad enough for a PO1. I have a lovely 1872, for comparison.

 

In my opinion, this is exactly what you're looking for!