1943 Lincoln Wheat Coins - WTS/Suggestions
1 1

11 posts in this topic

4 posts

Long story short, I recently uncovered a stash of coins and want to know what these may go for in the condition they are in. Interested in selling as a ot or separately. Additional Picture links below, Thanks 

P1070361.jpg

1070391.jpg 1070388.jpg 1070386.jpg 1070385.jpg 1070383.jpg

 

Picture Links: (hosted on imgBB.com)

https://ibb.co/8BVPk9P
https://ibb.co/6WMd4SK
https://ibb.co/JHwBbYB
https://ibb.co/q0TXHjC

Closeups:

https://ibb.co/pXxTRPG
https://ibb.co/F6ddNhb
https://ibb.co/0QqQSBL
https://ibb.co/vsT501V
https://ibb.co/WFtzHcH

Share this post


Link to post
Share on other sites
5,230 posts

Welcome to the forum,

My suggestion would be to have them authenticated, since they are almost certainly fake.

These coins have been heavily counterfeited, and can be bought for a few pennies each on multiple websites. No serous collector will touch them without affirmation of authenticity from a recognized third party grading company.

Share this post


Link to post
Share on other sites
4 posts

I see, how do I go about sending these in and estimating the cost to do so? 

Thanks

Share this post


Link to post
Share on other sites
346 posts

Before sending any of them to a grading service, see if any of the red or brown 1943’s are attracted to a magnet.  Any that are magnetic are just copper-plated steel cents, essentially worthless.  

Share this post


Link to post
Share on other sites
2,319 posts

The advice is good. Run them over a magnet. If you send them in, you'll spend $100-200 just to find out you have fakes or altered real coins. To be frank, if you were to insist upon sending them in, the grading cost would amount to an unwisdom tax.

Share this post


Link to post
Share on other sites
4 posts

They are not attracted to a magnet, that was the first test the coin shop had checked. They also appear to be un-altered coins, from what I gather that means another year coin made to look like this year.

JKK- That's exactly why I'm asking the forum for advice, I'm a novice (at best) coin collector and don't have the money just to blow on a dream... certainly not on something that is literally a penny. Although it would be amazing to have the real deal, everything I'm reading is saying they are most likely fake simply due to the scarcity of the coins. Not really looking forward to spending several hundred dollars to be told the same thing that I read online for free.

Someone offered me $10k for them, I declined the offer because if they are real... I'm at a loss at what to do. Any advice on moving forward would be great. (More specifically to if they are real, what do you think the potential grade will be due to condition and will they be worth the cost to grade? would you risk it being an avid/master collector?

I appreciate all the responses so far :)

Share this post


Link to post
Share on other sites
2,319 posts
56 minutes ago, MikeOH said:

JKK- That's exactly why I'm asking the forum for advice, I'm a novice (at best) coin collector and don't have the money just to blow on a dream... certainly not on something that is literally a penny. Although it would be amazing to have the real deal, everything I'm reading is saying they are most likely fake simply due to the scarcity of the coins. Not really looking forward to spending several hundred dollars to be told the same thing that I read online for free.

 

And it's a good place to have posed that question. I think it is very unlikely they are real. I find it surprising someone would offer you that for them. However, if you want to be sure, just spend the money to have them graded bodybagged and sent back "not genuine." If they come back genuine, you'll have beaten the odds. But I really would do the magnet thing first.

Share this post


Link to post
Share on other sites
4 posts

JKK- I did reply to the magnet test - They are not magnetic like the silver/steel ones pictures below the copper coins. 

I appreciate your input as well, I'm going to have to win a scratch-off to afford this during covid.

Share this post


Link to post
Share on other sites
2,319 posts
9 minutes ago, MikeOH said:

JKK- I did reply to the magnet test - They are not magnetic like the silver/steel ones pictures below the copper coins. 

I appreciate your input as well, I'm going to have to win a scratch-off to afford this during covid.

I figured the response to anything I'd said started where you used my initials, my oversight.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
1 1