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Any coin collectors

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Jnbmom
Credit Mentor

Any coin collectors

Hey all cleaning a junk drawer and I found a very small pill bottle with a penny in it   It was my fathers  it is a 1951 penny with no mint mark? Trying to google see some are worth money and some  are worth a penny lol .

 

any clue?

 

thanks 

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JoeRockhead
Community Leader
Super Contributor

Re: Any coin collectors

If it's circulated, and worn it can be worth only a few cents.  If it's un-circulated, in really good condition, or has a error in the striking such as double wheat marks on the back it can be worth much more.  Wheat pennies that have no mint mark where minted in Philly. 

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Jnbmom
Credit Mentor

Re: Any coin collectors

Thanks very old and tarnished so hard to tell , I just found it odd my dad had a jar with some coins but this was all by itself . Probably dreaming here lol 

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JoeRockhead
Community Leader
Super Contributor

Re: Any coin collectors

Might not hurt to let a coin dealer look at it, if you have one near you... I know first hand about getting my hopes up.  My late FIL had some coins stashed away, one of which was a 1794 Flowing hair Silver Dollar which can be worth big, big money... but it was a fake.  Smiley Frustrated

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Jnbmom
Credit Mentor

Re: Any coin collectors


@JoeRockhead wrote:

Might not hurt to let a coin dealer look at it, if you have one near you... I know first hand about getting my hopes up.  My late FIL had some coins stashed away, one of which was a 1794 Flowing hair Silver Dollar which can be worth big, big money... but it was a fake.  Smiley Frustrated


Oh my fake what a disappointment. Thanks I may take it somewhere just to see probably worth a penny but I can dream lol 

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TrapLine
Established Contributor

Re: Any coin collectors


@Jnbmom wrote:

@JoeRockhead wrote:

Might not hurt to let a coin dealer look at it, if you have one near you... I know first hand about getting my hopes up.  My late FIL had some coins stashed away, one of which was a 1794 Flowing hair Silver Dollar which can be worth big, big money... but it was a fake.  Smiley Frustrated


Oh my fake what a disappointment. Thanks I may take it somewhere just to see probably worth a penny but I can dream lol 


Well "... a penny for your thoughts ..."  Smiley Very Happy

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Thomas_Thumb
Senior Contributor

Re: Any coin collectors

Not worth going to a coin dealer. No Lincoln cent coin errors in 1951. The valuable error was the 1955 double die strike. Even those only achieve high value in uncirculated condition.

 

All wheat back pennies (except the 1943 WWII steel ones) are solid copper. The copper content is worth around 3 cents. Starting in 1983 penny composition was changed to zinc with a copper coating.

 

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Realist
Established Contributor

Re: Any coin collectors

Chased too many coins to find themselves not to be worth much in value.

 

Instead, we invest in real money, and let inflation do it's thing.

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Take nothing I say as financial advice. DYODD.
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