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18 Jan 2015

1922 no d

Coins | Mr. Wheatie

hey just wanted to telleveryone that a gentleman gave me a cigar box of pennies that belong to him to look at over the weekend and inside I found two 1922 no d pennies from die #2 and one 1922 no d pennie from die #3! how cool is that? now I have to give the box back. sniff sniff whine and cry. but those are not even close to the only exciting thing in the box, there are many others. but that is a story for another day.

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27 Oct 2014

Numismatist's are an interesting group

Coins-United States | LNCS

As a group, coin collectors have some interesting quirks. Take the 1922 "Plain" Denver cent. Since no cents were minted in Philadelphia, there is a premium for the 1922 Denver cents that had the mint mark removed prior to minting. The money paid for these is very substantial when compared to a well struck 1922-D cent. For the last 20 years or so, people are even paying a premium for 1922 Weak D cents. (as graded by the third party grading services).Now ask yourself: Would you pay a premium for a 1914-D cent with a very weak mint-mark? How about a premium for a 1909-S VDB cent with weak "VDB" initials?I suspect that you would not only not pay a premium, but only purchase if the price was discounted and even then you may avoid the coin until a better one comes along.The same sort of die extending procedures led to the 1937-D 3-legged Buffalo nickel and they also demand quite a premium.Why is it that we will pay a huge premium for certain weak struck coins and avoid entirely others?

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