Mr-IQBAL001
Joined: 22-May-2018
Posts: 124
Posted: 7-Sep-2018, 19:04
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Posted: 7-Sep-2018, 19:04
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This coin feels strange to me, is this coin worthy of collection?
Whether on your screen, this coin looks like an original coin?
CassTaylor
Joined: 30-May-2014
Posts: 8551
Posted: 7-Sep-2018, 19:16
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Posted: 7-Sep-2018, 19:16
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Looks perfectly fine and authentic to me.
Mr. Midnight
Joined: 10-Mar-2017
Posts: 3442
Posted: 7-Sep-2018, 19:18
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Posted: 7-Sep-2018, 19:18
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that is worth exactly 1 cent.
Jamais l'or n'a perdu la plus petite occasion de se montrer stupide. -Balzac
Mr-IQBAL001
Joined: 22-May-2018
Posts: 124
Posted: 7-Sep-2018, 19:22
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Posted: 7-Sep-2018, 19:22
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Your opinion means a lot to me
ZacUK
Numista team
Joined: 3-Jan-2011
Posts: 12647
Posted: 7-Sep-2018, 19:31
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Posted: 7-Sep-2018, 19:31
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Yes, looks real.
https://en.numista.com/catalogue/pieces908.html
It also looks to have been run over in a car park;
I have seen similar happen to UK coins I found in such places.
CassTaylor
Joined: 30-May-2014
Posts: 8551
Posted: 7-Sep-2018, 19:45
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Posted: 7-Sep-2018, 19:45
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In case its what you're wondering; 1944 copper Lincoln cents are very common, its the 1943 copper Lincoln cent that's rare. Conversely, 1943 steel cents are common, but 1944 steel ones are rare.
Mr-IQBAL001
Joined: 22-May-2018
Posts: 124
Posted: 7-Sep-2018, 19:54
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Posted: 7-Sep-2018, 19:54
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nice collection
Mr-IQBAL001
Joined: 22-May-2018
Posts: 124
Posted: 7-Sep-2018, 20:11
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Posted: 7-Sep-2018, 20:11
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Quote: "CassTaylor"In case its what you're wondering; 1944 copper Lincoln cents are very common, its the 1943 copper Lincoln cent that's rare. Conversely, 1943 steel cents are common, but 1944 steel ones are rare.
sometimes, I like coins that look weird
Does my coin include a lamination error?
JRo69
Joined: 9-Jul-2015
Posts: 936
Posted: 7-Sep-2018, 21:42
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Posted: 7-Sep-2018, 21:42
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Quote: "Mr-IQBAL001"
Quote: "CassTaylor"In case its what you're wondering; 1944 copper Lincoln cents are very common, its the 1943 copper Lincoln cent that's rare. Conversely, 1943 steel cents are common, but 1944 steel ones are rare.
sometimes, I like coins that look weird
Does my coin include a lamination error?
No error, just plenty of abuse
CassTaylor
Joined: 30-May-2014
Posts: 8551
Posted: 8-Sep-2018, 22:23
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Posted: 8-Sep-2018, 22:23
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Quote: "Mr. Midnight"that is worth exactly 1 cent.
If I'm not mistaken, isn't the copper in those pre-1982 US pennies worth something like 2.5 cents?
I saw a documentary about "penny hoarders" hoping to cash in on the copper value once:
https://www.youtube.com/watch?v=7Es-pATepMg
Mr. Midnight
Joined: 10-Mar-2017
Posts: 3442
Posted: 9-Sep-2018, 00:12
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Posted: 9-Sep-2018, 00:12
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in fact that is why pennies are no longer made of copper, but lets consider it.
assuming you could get spot price for your ingot of penny copper, which will assay as 95% Cu,
today's price is USD2.66/lb, 1lb=454g, = USD 0.005859/g, one red cent weights 3.11g, so spot value is 1.73 cents.
please note: The treasury looks ill on melting coinage for bullion, it is a federal crime with a maximum penalty of $10,000, so just take the 1 cent each.
Jamais l'or n'a perdu la plus petite occasion de se montrer stupide. -Balzac
Mr-IQBAL001
Joined: 22-May-2018
Posts: 124
Posted: 9-Sep-2018, 01:51
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Posted: 9-Sep-2018, 01:51
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Quote: "Mr. Midnight"in fact that is why pennies are no longer made of copper, but lets consider it.
assuming you could get spot price for your ingot of penny copper, which will assay as 95% Cu,
today's price is USD2.66/lb, 1lb=454g, = USD 0.005859/g, one red cent weights 3.11g, so spot value is 1.73 cents.
please note: The treasury looks ill on melting coinage for bullion, it is a federal crime with a maximum penalty of $10,000, so just take the 1 cent each.
good info. thank you
CassTaylor
Joined: 30-May-2014
Posts: 8551
Posted: 9-Sep-2018, 01:56
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Posted: 9-Sep-2018, 01:56
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Quote: "Mr. Midnight"
please note: The treasury looks ill on melting coinage for bullion, it is a federal crime with a maximum penalty of $10,000, so just take the 1 cent each.
ouch.
Relevant video:
https://www.youtube.com/watch?v=y5UT04p5f7U
loruca
Joined: 11-Apr-2015
Posts: 1042
Posted: 10-Sep-2018, 05:22
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Posted: 10-Sep-2018, 05:22
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Nooooot precisely.
Yes, don't melt nickles and pennies as that is a crime, but in my simple pre-law student understanding dimes and up are legit targets. This goes back to the time such coins had an intrinsic metal value due to silver or gold content. I can't quite remember the rationale for not allowing smaller denominations to be melted too, but either someone will enlighten us or I'll remember by tomorrow morning.
ooooh maybe I'll just say the word "Lobbyists"
I collect anything: If it's Italian or Italian states i collect it even more!
Arusak
Joined: 18-Mar-2017
Posts: 672
Posted: 10-Sep-2018, 05:30
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Posted: 10-Sep-2018, 05:30
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Quote: "loruca"Nooooot precisely.
Yes, don't melt nickles and pennies as that is a crime, but in my simple pre-law student understanding dimes and up are legit targets. This goes back to the time such coins had an intrinsic metal value due to silver or gold content. I can't quite remember the rationale for not allowing smaller denominations to be melted too, but either someone will enlighten us or I'll remember by tomorrow morning.
ooooh maybe I'll just say the word "Lobbyists"
Actually I believe this is a more recent law, made so people don't cull all of the nickels and copper cents from circulation. Hence why other coins can be melted down.
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