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Why did this 1979 Penny sell for $2800?
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<p>[QUOTE="Randy Abercrombie, post: 3780407, member: 92655"]A couple things.... Did YouTube state the cent sold for $2800.00? I would question the source.</p><p><br /></p><p>Don’t mistake shiny with high grade. This is something you will come to learn in time. Shiny and high grade are two very different conditions.</p><p><br /></p><p>Last thing I’ll touch on is what is referred to as population reports. The grading companies issue these population reports. The absolute highest graded coins are very highly sought after. The 1979 cent is minted in the billions. A mere handful will achieve the status of top of the population report. And yes, often those do trade for crazy money.[/QUOTE]</p><p><br /></p>
[QUOTE="Randy Abercrombie, post: 3780407, member: 92655"]A couple things.... Did YouTube state the cent sold for $2800.00? I would question the source. Don’t mistake shiny with high grade. This is something you will come to learn in time. Shiny and high grade are two very different conditions. Last thing I’ll touch on is what is referred to as population reports. The grading companies issue these population reports. The absolute highest graded coins are very highly sought after. The 1979 cent is minted in the billions. A mere handful will achieve the status of top of the population report. And yes, often those do trade for crazy money.[/QUOTE]
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Why did this 1979 Penny sell for $2800?
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