Discussion in 'Error Coins' started by Myka Gilliam, Dec 3, 2023.
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I think that Die Grease is the cause of the difference between the 9 and the 4 of the date.
I have a whole roll of uncirculated ones. My mom found a roll when going thru her mom's things. I opened it and they're all beautiful wheat pennies plus a few Indian head cents. Heres a few of the coins from the roll [/ATTACH]
@alurid above. Nice batch of coins you have there.
All of them are like that on the reverse side. Do you know what causes it?
1946-S RPMs (varietyvista.com)
There are more than 40 know re-punched mint marks (RPM)
Click on the link and find out all about them.
Thank you! Im going to go learn about the different varieties now. And I really like this one. That 4 is basically gone
All of them need to be in a 2x2 flip as a minimum protection. You may want to go encapsulation ( not slabbed ) later as you find out their grades.
Let us say the 1948 (P) is assigned a grade of MS60RD, for example purposes. From NumisMedia/FMV, this grade is valued $2.68. I set up a proportion using known data and extrapolated the value. You are forced to do it this way because NumisMedia does not populate all the rows with data.
So for MS60BN, they list $1.04. They don’t list the value for a red.
Known values for MS63BN/$2.01 and MS63RD/$5.18 can be used to find the value of the MS60RD…and that equates to $2.68.
1.04. =. 2.01
x. 5.18. Cross-multiply both sides and divide by 2.01 to find x.
From NGC, all MS60RD listings for 1948-1958 wheat cents show $2.50 as value.
Remember these are for certified, slabbed coins in their populations.
Between the two sources you get a durn good idea where the value of those coins are. Most of them appear to be better than MS60RD, but even at MS63RD and values of $5-7.00 they are not worth sending in for grading.
The general rule for sending to a Third party grader like ANACS, NGC or PCGS is for the individual coin to be worth at least $150 to $200 to make grading fees cost-effective. You can slab anything you want for many reasons, such as an emotional reason (a coin belonged to my Mom or Grandmom). Or you just want to pay extra for protection/security.
I hope this has helped you and others. Good luck going forward with these beautiful wheats (I saw a ‘60 Memorial in there so check it carefully too).
I blame NumisMedia for not including proper data.
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