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First of all sorry about not realizing I had somehow submitted my post with no info.
In a nutshell I was trying to understand why Pennies that don't seem to be anything special compared to their fellow same denomination/year/mintmark and sometimes error sell for sometimes hundreds of times more than an entire roll of that same coin all the way down to all or most of the coins in that roll having the same errors and the key difference is the coins in the roll are in way better shape, BU in this case.
So for context the first coin you see sold for something like $1,500, the second one for $800 and the last two pictures are a roll I bought late last night on a whim for just under $10. I don't care about any official grade of condition, I have always loved shiny copper pennies and the 1968d is one of the most beautiful examples in my opinion, it's really a work of art. I included photos from my new pennies becuase this seller did a nice job of taking clear pictures(there were 2 more but you get the idea) where one can see that basically every penny has the same "error" L IGWT. The point being the only difference between the two that sold, the pennies I just bought and many other rolls/lots that sold for similar amounts in basiscally the same condition as mine which if is much nicer. If we sent my 1968d pennies of to NGNC and the first to listed with them I think we all know which two would be at the very bottom.
And all of that being said from a coin collecting point of view there is nothing special about my pennies, I still see 1968D pennies and other 1960s pennies in my pocket change.
Pennies we all still find in our pocket change, espcially ones that look like those in the first two photos should NOT sell for more than some of the most collectible silver coins that are also much older and rarer not to mention all higher denominations.
I'll leave this with just one question. Am I missing something when looking at the first two coins and wrong for thinking it's very strange that a penny with nothing special about it for what it is sold for the sums the sold for. The other pattern I've noticed is they often have lousy pictures with bad lighting, they only include 2 pictures and the description is as vague as possible.
So again to clarify I'm not wondering why pennies that are in nice condition aren't selling for more I'm wondering why so many coins we find in our pocket change(I"ve seen this with washington quarters as well) are selling for ridiculous sums.
Again, sorry about yesterday but I would really love some feedback on this Maybe I'm missing something.
thanks!
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- 10 months ago
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