brendidero-migration Posted May 16, 2011 Share Posted May 16, 2011 Hello, I am new to the board and have a question. I have a 1943 Copper Penny that my grandparents came across when they were young. I have done my research into this coin and can say that this is an authentic 1943 Copper Penny- There is one downfall to the coin, my granddad in disbelief took a knife to see the hardness of the coin and cut a fine line into it. Being it copper, the knife was able to cut into it. My question is, how much does this hurt the value and to whom would I sell it? Thanks Link to comment Share on other sites More sharing options...
brendidero-migration Posted May 16, 2011 Author Share Posted May 16, 2011 Anyone? Link to comment Share on other sites More sharing options...
RockMyAmadeus Posted May 16, 2011 Share Posted May 16, 2011 You absolutely need to send it in and get it certified as "genuine" or "details" by PCGS or NGC respectively. Because of the damage, it is very likely that neither PCGS nor NGC will consider it "gradeable" (I say that as a virtual conclusion), but it is imperative that the coin be certified genuine, or it will be unsellable. There are thousands and thousands of counterfeits of these coins out there, in the midst of a grand total of about 20 genuine examples from all three mints. Because it is so rare, the coin still has considerable value even damaged as it is, but the damage sounds very severe, and would substantially devalue the coin. The coin, if determined to be genuine, and depending on the level of preservation and the severity of the cut, has a market value of anywhere between $10,000-$50,000. In my opinion, the best place to sell a genuine example would be Heritage. Your coin, if genuine, would generate a considerable amount of publicity. Good luck. Post pics. Link to comment Share on other sites More sharing options...
physics-fan3.14 Posted May 16, 2011 Share Posted May 16, 2011 Everything RMA said is true. I am highly doubtful, however, that you have a genuine example - they are exceedingly rare. Good luck, and I hope this works out well for you! Link to comment Share on other sites More sharing options...
brendidero-migration Posted May 16, 2011 Author Share Posted May 16, 2011 Thank you very much for your advice. I will look into it. Link to comment Share on other sites More sharing options...
Kurtdog Posted May 16, 2011 Share Posted May 16, 2011 Thank you very much for your advice. I will look into it. While you're at that would it be too much trouble to show it to us? Basically all you've been "advised" is there are authenticity issues on these and if something's damaged it's probably worth less. You're moving too fast if you're assuming it's authentic. Make sure it's authentic, first; ask what it's worth, second. Link to comment Share on other sites More sharing options...
JOBESSI Posted May 16, 2011 Share Posted May 16, 2011 yes, let us see it! It's like hanging a steak just out of reach of a salivating dog. Don't tease us! Link to comment Share on other sites More sharing options...
e1cnr Posted May 16, 2011 Share Posted May 16, 2011 can you show us a pic of it hanging from a magnet? Link to comment Share on other sites More sharing options...
Kamillion Posted May 16, 2011 Share Posted May 16, 2011 its made of bronze not copper right? Link to comment Share on other sites More sharing options...
PerryHall Posted May 16, 2011 Share Posted May 16, 2011 Until your coin is authenticated by one of the major grading services or a recognized expert, it's considered to be worthless by almost everyone in the coin collecting community. Also, cutting or scratching a coin greatly diminishes it's value. Link to comment Share on other sites More sharing options...
BROADSTRUCK Posted May 16, 2011 Share Posted May 16, 2011 Until your coin is authenticated by one of the major grading services or a recognized expert, it's considered to be worthless by almost everyone in the coin collecting community. Also, cutting or scratching a coin greatly diminishes it's value. Not totally worthless... As it still has One Cent face value! Link to comment Share on other sites More sharing options...
RGT Posted May 16, 2011 Share Posted May 16, 2011 Not totally worthless... As it still has One Cent face value! And if it's really copper (altered date) it's worth 2-3 times face! Link to comment Share on other sites More sharing options...
Conder101 Posted May 16, 2011 Share Posted May 16, 2011 Without a picture and a weight, we would have to be highly skeptical of the coin. I take it it doesn't stick to a magnet? Link to comment Share on other sites More sharing options...
BKW Posted May 16, 2011 Share Posted May 16, 2011 If it doesn't stick to a magnet then it's not a copper plated 1943 steel cent fake - but it might be an altered date. Check the 3. If it looks like half an 8, it is a fake. The 3 should have a long tail (like the 9). Even if the 3 does have a long tail, it could still be a fake, just a better one. Pictures would definitely help. Link to comment Share on other sites More sharing options...
comicdonna Posted May 16, 2011 Share Posted May 16, 2011 More than likely, it was this coin that triggered my interest in coins. In the mid 70's I read an ad or short article about the 1943 copper penny. It mentioned that 5 have been discovered, and said if you found one, it would be worth $10,000 Seems I was making about 25 cents per hour plus room and board, I was fascinated with the thought of finding one. As a habit, I checked my change for many years looking for one. Link to comment Share on other sites More sharing options...
brendidero-migration Posted May 16, 2011 Author Share Posted May 16, 2011 Bad news...found the penny and tried placing a magnet on it...and it stuck. Sorry to get everyone's hopes up. Is there something rare about a 1909 cent coin with three letters on it? My grandma said it was a rare coin. Anyone know anything about it? Link to comment Share on other sites More sharing options...
relicsncoins Posted May 17, 2011 Share Posted May 17, 2011 Bad news...found the penny and tried placing a magnet on it...and it stuck. Sorry to get everyone's hopes up. Is there something rare about a 1909 cent coin with three letters on it? My grandma said it was a rare coin. Anyone know anything about it? Only if the coin is also an S mint. The VDB is quite common from the Philly mint. Link to comment Share on other sites More sharing options...
Coindude Posted May 17, 2011 Share Posted May 17, 2011 And the "S" that Relic is speaking of is the mint mark, just below the date. Either one of the varieties would be a nice find, especially the 09-S VDB. Link to comment Share on other sites More sharing options...
michael Posted May 17, 2011 Share Posted May 17, 2011 first off welcome to the boards (thumbs u and since you are sure it is a genuine original copper cent 1943 you need to send the coin to ngc to get put into their sonically sealed holders as genuine with a details grade then you got 10k++ in market value Link to comment Share on other sites More sharing options...
comicdonna Posted May 17, 2011 Share Posted May 17, 2011 Link to comment Share on other sites More sharing options...
Coindude Posted May 17, 2011 Share Posted May 17, 2011 first off welcome to the boards (thumbs u and since you are sure it is a genuine original copper cent 1943 you need to send the coin to ngc to get put into their sonically sealed holders as genuine with a details grade then you got 10k++ in market value Michael, it stuck to a magnet... he does realize it's not real. Link to comment Share on other sites More sharing options...
PerryHall Posted May 17, 2011 Share Posted May 17, 2011 first off welcome to the boards (thumbs u and since you are sure it is a genuine original copper cent 1943 you need to send the coin to ngc to get put into their sonically sealed holders as genuine with a details grade then you got 10k++ in market value He already said it stuck to a magnet so it's a copper plated steel cent. Link to comment Share on other sites More sharing options...
michael Posted May 18, 2011 Share Posted May 18, 2011 hmmmmmmmmmmmmmmm okie Link to comment Share on other sites More sharing options...
lcoopie Posted May 18, 2011 Share Posted May 18, 2011 how about posting a photo of the 2 coins together that you already mentioned? Link to comment Share on other sites More sharing options...
e1cnr Posted May 18, 2011 Share Posted May 18, 2011 welcome to the boards sorry for your dissappointment on the 1943 don't feel bad, for every authentic 1943 copper there probably are at least 10,000 copper plated ones Link to comment Share on other sites More sharing options...
drwstr123 Posted May 22, 2011 Share Posted May 22, 2011 Here's a pic....and the bean to go with it.... Link to comment Share on other sites More sharing options...
Coindude Posted May 22, 2011 Share Posted May 22, 2011 , nice bean! Link to comment Share on other sites More sharing options...
