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42 Posts |
 Posted - 08/01/2008 : 22:23:52
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So I told you guys about my dads coin collection that I inherited, it had as far as I know, every wheat except the 1909-s VDB. But one that stands out is the 1909 VDB without the S. I know this coin can still be valuable. It is in superb shape. I was just wondering if a coin getting dull over time affects its grade. Because other that the fact that it has lost its luster, it seems almost perfect. No scratches or nicks, not dirty or worn whatsoever, the lettering is crisp on everything and the rim is also great.
I know without seeing the coin its really impossible for you to give me anything legit, but considering what I told you about it above, what would you think it might be graded? Again the only thing that sets it apart from looking fresh out the mint is its lack of shine.
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Bobby Deese |
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fb101
Administrator
USA
2856 Posts |
Posted - 08/01/2008 : 22:40:53
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| Coins are graded based on the wear. Discoloration doesn't affect grade, only desirability. You should look at the details of Lincoln's hair, that is a prime wear point. Also check the wheat ears to see if they appear worn down on any point. That is how you determine the grade. Regardless, I don't think the 09 vbd without the S is a particularly expensive coin, but it is above average. |
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42 Posts |
Posted - 08/01/2008 : 22:55:14
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| yea man pcgs overprices stuff and gets your hopes up, but really the coin is immaculate, wear is minimal on the hair and wheat, words are sharp and easily readable. I mean the coin has been sitting in a hard plastic tube in a safety deposit box for 20 years, and was probbably in the tube siting in a closet for 25 years before that, other than the lack of shine I must say the penny is damn good looking. I mean even coins that I would consider AU-55 or somthing might have tiny scratches away from the focal points, but this has like none. |
Bobby Deese |
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WheatieFan
Penny Pincher Member
USA
106 Posts |
Posted - 08/02/2008 : 02:21:12
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The 'losing its luster' refers to the color of the coin. When first minted, they are referred to as RED. Over time, they become BROWN, as most of the wheaties found in pocket change will be. For a time in between, they are referred to as RED-BROWN. The process is due to the environment, and does not affect the grade. A MS60 coin that starts out red may eventually turn brown, but it will still be MS60. There is a premium paid for red cents.
Search the interweb for grading lincoln wheat cents. They will tell you what to look for, such as hair and wheat stalks, to determine the grade. Look for a site with pictures. At a high enough grade, it may warrant the fee ($30?) of sending to a third party grader to grade and encapsulate. Your decision. Not necessary unless you intend to sell.
Common, circulated 1909VDBs sell for $8-15. I'm not sure about the higher graded ones. An almost perfect coin should grade at least AU (almost uncirculated) 55, and hopefully MS (mint state) 60 or better.
WheatieFan
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 08/02/2008 : 08:59:13
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The '09 S would be be a good one. If the only coin you are missing is the '09 S V.D.B. then you possibly have some high value coins anyway. '22 D without the D, '14 D, '31 S, those are some of the good ones depending on the grade. If they are in great shape then you could have some valuable coins.
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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AgCollector
Penny Collector Member
USA
266 Posts |
Posted - 08/02/2008 : 09:12:55
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quote:
Originally posted by fhbob
So I told you guys about my dads coin collection that I inherited, it had as far as I know, every wheat except the 1909-s VDB. But one that stands out is the 1909 VDB without the S. I know this coin can still be valuable. It is in superb shape. I was just wondering if a coin getting dull over time affects its grade. Because other that the fact that it has lost its luster, it seems almost perfect. No scratches or nicks, not dirty or worn whatsoever, the lettering is crisp on everything and the rim is also great.
I know without seeing the coin its really impossible for you to give me anything legit, but considering what I told you about it above, what would you think it might be graded? Again the only thing that sets it apart from looking fresh out the mint is its lack of shine.
Actually 1909 VDB is not particularly expensive. But- if you say you have everything except 1909-S VDB, does that mean you have the 1909-S (no VDB)? Because that one is still worth hundreds or more. |
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42 Posts |
Posted - 08/02/2008 : 11:55:23
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| ya i got 1909-s the 1922 with and without the d, and a 1922- with a "weak d", my dad left me some really good stuff. |
Bobby Deese |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 08/02/2008 : 15:15:45
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Depending on the condition, that '22 no D could be worth thousands, or even tens of thousands....
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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fb101
Administrator
USA
2856 Posts |
Posted - 08/02/2008 : 18:53:58
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quote:
Originally posted by fhbob
ya i got 1909-s the 1922 with and without the d, and a 1922- with a "weak d", my dad left me some really good stuff.
WHOA! (salivating) |
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kieblera5
Penny Hoarding Member
USA
859 Posts |
Posted - 08/02/2008 : 22:58:34
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quote:
Originally posted by fb101
quote:
Originally posted by fhbob
ya i got 1909-s the 1922 with and without the d, and a 1922- with a "weak d", my dad left me some really good stuff.
WHOA! (salivating)
Did someone ring a bell?   |
Democracy is being allowed to vote for the candidate you dislike least.
Never argue with an idiot. They will drag you down to their level and then beat you mercilessly with experience.
Caller number seven gets the Peace Prize!
Get coding tips, tricks, and more at: http://codingmonday.blogspot.com |
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Know Common Cents
Penny Pincher Member
195 Posts |
Posted - 08/04/2008 : 16:07:36
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Best to take your time and do as much of a full inventory as possible. I went through the same thing when my father passed away in 2002. It really took me about 18 months to make sense of everything that he had since there were hundreds of rolls of seemingly common coins, but with a few spectacular ones in the middle of them.
Along with taking the time to carefully examine everything, it's also the perfect time to educate yourself about coin collecting. Plenty of reference material available on the web, but don't overlook your local library and a trusted coin dealer as the best resources.
Good luck. Your circumstances are a little different than mine, but I could actually remember finding some of the coins he had when my Brother and I were looking though rolls of pennies, nickels and dimes. Lots of memories there. |
Here in Wisconsin, we have some of the highest property and gasoline taxes in the US. We're squeezed so much, I have to make my daughter wear penny boxes for shoes. At least she has an endless supply. |
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JerrySpringer
Penny Hoarding Member
669 Posts |
Posted - 08/04/2008 : 19:08:34
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quote:
Best to take your time and do as much of a full inventory as possible. I went through the same thing when my father passed away in 2002. It really took me about 18 months to make sense of everything that he had since there were hundreds of rolls of seemingly common coins, but with a few spectacular ones in the middle of them.
I second what he says. My buddy sold his father's coins quickly after he took them to a coin dealer for appraisal. I had no say in the matter to my friend as he is on the other coast and I had no clue of the coins his father left him. All I know is the dealer told him the coins were common and hence low value. My friend had a garage sale with the coins and a nosy neighbor bought up many of them w/o much delay. My thoughts are that the dealer might have low-balled my friend in hope of him unloading the collection there. My friend, not knowing/caring the spot value of the coins' metal and/or numismatic value, let the coins go for cash. The neighbor probably spotted gold or silver coins of the collection and offered something sizable but much under spot, who knows, but the coins did not last long. I never asked about the coins again as it is water under the bridge. I may have told this story here before. I just feel that my friend and people in general do not want to spend the time or have any interest in the collectible value coins can have. Hence, they sell them and move on. Any inherited money is found money basically.
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just carl
Penny Hoarding Member
USA
601 Posts |
Posted - 08/07/2008 : 08:30:00
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| Be real carefull with those coins. Get a book called the Red Book by Whitman Publishing and find out what you have. All prices in that book are basically a joke and if you use those prices, figure about 3/4 of that as a real value. Back to your cents collection. Watch for the 55 Double Die, 72 Double Die as well. You really need to sit down and find out what you have. There is a possibility you have anywhere from a several thousand dollars in value to HUNDREDS OF THOUSANDS in value. If there is a coin store, coin show, book store near you find that Red Book on Coins. Even if you find an old one, it's the information you really need, not the prices right now. There are many coin web sites on coins also. Example for Cents there is the You must be logged in to see this link. web site and the Licoln Cent Resourse web sites. |
Carl |
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Possible value of 1909 VDB?
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