1907 Indian penny

[dialupsu]

Here is a penny worth a few bucks.

I am using the RED BOOK to try to grade it.

I would say somewhere between very fine and ex fine.

Although the coin is very dirty with some green mung on it.

Nice chocolate brown color.

If you were to sell this coin what would you grade it ?

If you wanted to buy this coin would you grade it the same ?

Obvious noob questions.

[wheat'swheats]

au 50 with environmental damage

[BillJones]

Au details with environmental damage. The net grade would come down to VF, and most collectors would prefer a no problem VF to a net graded VF.

 

Sorry to sound so negative, but that's an honest opinion.

[BassGMan]

I'm a newbie too. So what is considered environmental damage and why is that a separate factor from the grade? I mean isn't it just factored in and you get a grade? As opposed to net grade?

[Raisethis2]

The corrosion in the headress would be the environmental damage.

 

The coin's been circulated some (AU), Environmental Damage and it's the most common indian cent.

 

So.......

[dialupsu]

Don't worry about sounding negative - I can take it -

[BillJones]

My guess is this coin was lost soon after it went into circulation. As a result the design remained sharp in near mint condition. The trouble was the place it was stored was a bit damp which caused the corrosion. This type low wear / environmental problems is not unusual. Many of the coins that are nice all the way around have been stored collections for decades or centuries.

[AHFreak]

To answer your buy sell question... I wouldn't buy it, and I think you would be lucky to get a dollar for it.