1955-D Wheat Penny

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JordonS427
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1955-D Wheat Penny

#1 Unread post by JordonS427 »

Found this beauty in a penny roll. Not sure if it's worth much, I just think it is really cool to find something so old look so new lol.
I don't know anyone personally that collects coins so just wanted to share on here.

Is it worth getting graded? Most likely just going to keep in my collection.
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Paul
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Re: 1955-D Wheat Penny

#2 Unread post by Paul »

👍

Please take a look at what these sell for an extremely high grades.................
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Re: 1955-D Wheat Penny

#3 Unread post by JordonS427 »

Paul wrote: Mon Oct 03, 2022 7:36 pm 👍

Please take a look at what these sell for an extremely high grades.................
oh wow! just looked it up and I am pretty shocked.
I think I'm gonna go ahead and get it graded lol. I have never had a coin graded before and still am not sure of the process.

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Re: 1955-D Wheat Penny

#4 Unread post by Daniel »

You will find out that after 67 years that only a few 1955 D cents have gotten those high end registry grades, so it is unlikely you coin is high enough of a grade to submit.

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Re: 1955-D Wheat Penny

#5 Unread post by JordonS427 »

Daniel wrote: Mon Oct 03, 2022 8:25 pm You will find out that after 67 years that only a few 1955 D cents have gotten those high end registry grades, so it is unlikely you coin is high enough of a grade to submit.
I mainly just want it to collect. I have no interest in trying to sell it. I just didn't want to have it graded if it was completely worthless just incase I ever thought of selling it.

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Re: 1955-D Wheat Penny

#6 Unread post by Paul »

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Re: 1955-D Wheat Penny

#7 Unread post by JTCC »

nice find.
I agree, this coin is most likely not the grade it needs to be for it to be valuable.
value = $1 IMO.
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Re: 1955-D Wheat Penny

#8 Unread post by SensibleSal66 »

I see the one on Ebay( MS65) is in better shape than this one. Less distractions in the fields upon close up of the coin and slightly a weaker strike also. Just my 2 cents. :D
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Re: 1955-D Wheat Penny

#9 Unread post by JordonS427 »

Ill let you all know when it comes back from grading.

Its just a collection piece. I could care less if I lose money on this one. I just like it.

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Re: 1955-D Wheat Penny

#10 Unread post by Earle42 »

Its just a collection piece. I could care less if I lose money on this one. I just like it.
That is all that matters really - hobbies are about fun.:D


However, not sure if you have read this before...I post it when people have questions about grading b/c it has been so well received with a lot of positive feedback.

Just know whatever the slab says when you get it back is not set in stone and re-slabbing even to the same company could mean a totally different grade given.

The Insider's Guide to Using Grading Companies
-or-
Thinking of Slabbing? Make sure you understand the Facts...or You Could Lose Money.

Popular mistaken mindset:
1. The grading companies are not a way that the majority of people, even those with a great deal of experience who know what they are doing, are going to be able to use in order to make huge personal profits. Many people start using grading companies thinking they will find a way to finance their hobby, but they learn a hard lesson quickly.

In general, the coin you have found in circulation is NOT going to make huge profits if slabbed. Way too many people pad the pockets of the companies and get nothing in return b/c they THINK (youtube videos!) they have something rare.

Professional predicting not possible:
2. Watch some of Daniel's videos where he gets slabbed coins back from the grading companies. Note even people who live, eat, breath, and deal coins for a living (like Daniel) can accurately predict what grade the companies will give. And...the "fault" (not really a fault) is in a widespread mistaken perception people get from being exposed to all the slabs being sold nowadays:

a. Coin grading companies are a business out to make a profit - this is why they exist. They use a system where allegedly three, but in reality its normally two, graders look at each coin and give an opinion. The company videos showing the process make you believe this is a relaxed and paced process of studying each coin. In fact one PCGS video shows a number of guys sitting around a table discussing what they think a specific coin should be graded as (on youtube somewhere - sorry no link). Uh uh.

b. If you take a PCGS graded coin slabbed as MS64, break it out, and resubmit it to PCGS, you are never guaranteed the same grade again. The slabbed coin might come back MS62 (extreme and a bad day for graders), 63, 64, 65, 66 (extreme and a great day for you!). This is b/c the process is all subjective: No scientific/verifiable standards or methods are used. This subjectivity makes for greater company profits since people resubmit the same coin trying to get a higher (better price when selling) grade. In the 90s the companies, at great expense, created better (their own words) scientific methods not relying upon human opinion. No doubt the large profit from the re-slabbing game fell. The companies abandoned the science and went back to their less accurate systems.

c. It needs be mentioned that the fewer the "money grade" slabs a company assigns, the more prices of said slabs climbs. Thus more business is generated b/c more people pay to slab coins hoping to get that "money grade" slab. And the companies do keep records (accessible online) of how many of the higher graded slabs exist for each coin. While the idea of keeping money grade slabs minimized is speculative, there has been some convincing evidence of this being reality.

But..this is all hearsay without proof. So...
Grading the Coin Graders

Here is another good read from someone there at the start of the grading companies:
Hobby negative impacts from slabbing companies

Error on errors:
3. People also seem to think grading companies will examine a coin to see if they can find an error and then slab it as such. But again, they ONLY GRADE coins. The companies will NOT try to find and ID an error for you. You must FIRST ID the error yourself, CHECK to see if the company you want to use recognizes that specific error, PAY them to verify the error on the label, and then you may or may not actually get what you pay for! The companies have a bad reputation for attributing errors incorrectly.

Link to and read (download if you want it) the pdf link in my signature as an eye opening example. Sadly, the verifiable data presented from the PCGS website shows trusting people have spent thousands of dollars on many slabbed coins that are not what the companies claims/slabbed the coins to be.

Cost concerns:
4. B/c people do not understand the businesses, so very many people end up with spending far more money to slab a coin than the coin is worth. The companies profit greatly with membership fees, submission fees, insurance fees, shipping fees and extra (chosen) fees. ANACs does not have all these fees though.


You don't have to throw in the towel over these companies...but education about the reality of them will put you on the right pathway to dealing with them in a legit way without losing money in the process.


And…if you just like to collect slabbed coins for what they are, which makes losing/making money from slabs irrelevant, then of course enjoy them!" 😊
Common grading company shortcomings & resulting co$tly mi$take$ to collectors (using Kennedy No FG halves):
https://tinyurl.com/y7rksxu8

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