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Koinkid's Blog

28 May 2020

Steel penny

Coins-United States | Koinkid

This is a certified steel penny that I actual bought on Amazon, and it was bought with my money so it was a pretty cool gift and I bought about the same time I bought my Nazi coin.

Comments

TheNumisMaster

Level 5

Nice work kid! Keep that up! Cheers, NM

Kepi

Level 6

Good for you! Glad that you're happy with your purchase!

I. R. Bama

Level 5

I'm glad that you are interested in coin collecting. Please let me know anytime if I can be of help!

Koinkid

Level 3

I'm glad to, because I hop,e to sell some of them one day.

Koinkid

Level 3

I don't do much research on coins, and had no idea it was from the Matthew mint.

I. R. Bama

Level 5

Hope the feedback you have gotten hasn't made you feel bad. I have a few of those steel cents that came from Littleton and I have heard they do the same. The ones I got are called MS too. We all have to learn the hobby and some of the lessons can be disappointing. This is an attractive coin. I am curious about the photo. The obverse looks steel but the reverse looks copper. Can you describe the reverse to me? I would encourage you to do some research on the coins you enjoy. Get yourself the Redbook, what they call "Mega Red". It will tell you everything you ever need to know about the details on each coin. It's pricey, and if you can't afford it ask for it for your birthday or Christmas. You will be glad you have it. It does get updated, but one year's volume will hold you for about 10 years. As far as prices go, buy the monthly coin magazines because they print current retail prices for coins. Keep in mind dealers mark up 20 to 40 percent from wholesale. If you are polite and make a lower offer from the listed retail price, you can get a nice price. But keep in mind the dealer had to make some profit. Don't go below wholesale. You can find the wholesale prices dealers start from on the CDN grey sheet

1943penny

Level 4

nice! I am not a fan of the Mathew mint though. But We all have different opinions

coinfodder

Level 4

It might of been better if you had bought an unaltered pack of wheat pennies so you could get an unaltered steel penny. Once I got an MS-65 steel penny in a bag of 1000 rolls with nice luster.

Mike B

Level 7

Its from the Mtthew mint. That only tells me it was redone. They sell all three with new layers of zink. We buy what we like.

coinfodder

Level 4

Littleton is also notorious for processing their steel pennies.

RmanCan

Level 4

Very interesting. Nice find, I have a few MS ones in my collection too.

Longstrider

Level 6

Well as long as you knew it was redone, that is cool.

Long Beard

Level 5

Steel cents were struck in 1943 only at the Philadelphia, Denver and San Francisco Mints as copper was needed for munitions in support of the war effort. There are, however, an estimated 75 1944 steel cents struck on either an accidental 1943 planchet or more likely a planchet meant for Belgian 2-francs which our mint had the contract. Just a fun fact for a great series to collect. Thanks for sharing!

Golfer

Level 5

I used to have the set but must of got rid of it. Interesting item. Like the steel cents myself. Very interesting.

Mokie

Level 5

that appears to be a reprocessed steel cent, those are considered novelties like gold plated Kennedy halves and colorized state quarters. Not for everyone, but we collect what we like.

slybluenote

Level 5

I resemble that remark Moke! My ears perked up when I saw "Kennedy Half" ! I also own one of those gold plated Kennedy halves which is "part" of my collection! LOL

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