Question: Should I Clean My Old Coins Before Selling?

What is the rarest wheat penny?

1943-S copper Lincoln Wheat Penny, $185,000 – The 1943-S copper cent is the one of the most valuable small cents, with one example having sold for a cool $1 million at an auction in 2012..

How do you tell if a coin has been cleaned?

A cleaned coin will have a dull, bright look – one that on a well-circulated coin would seem unnatural. Old pennies that have been worn should not look bright orange and have flashy surfaces. Old, worn pennies should be medium to dark brown in color and have virtually no reflectivity on the surface at all.

What coins are worth a lot of money?

Check out these eight coins that are worth a lot more than their intended value.2004 Wisconsin state quarter with extra leaf. … 2. 1995 double die penny. … 1942-1945 silver nickel. … 1943 steel penny. … Ben Franklin half-dollar. … 1932-1964 silver quarter. … ‘In God We Rust’ 2005 Kansas state quarter.More items…•

How much value does a cleaned coin lose?

However, as a coins value becomes more and more dependent on rarity, the effect of cleaning on the market value increases exponentially. I would personally say that under $500, you can expect anywhere from 25%-50% of the coins value to be lost due to cleaning.

What is the best way to sell old coins?

Coin Expert Advice – Ten Tips For Selling Your CoinsDon’t Get Into a Forced Sale Situation. … Pick the Right Time for Selling Your Coins. … Send Your Coins to CAC. … Strike While the Iron is Hot. … Clean Your Slabs. … Leave Your Old Holder Coins in Old Holders (sometimes). … Attribute Your Coin(s). … Have an Emergency Plan.More items…•

Is a 1944 wheat penny worth anything?

CoinTrackers.com has estimated the 1944 Wheat Penny value at an average of 15 cents, one in certified mint state (MS+) could be worth $6.

How do you clean old coins without damaging them?

Follow These Steps:In a jar, combine one cup vinegar (or lemon juice) and 1 tablespoon salt. … Pour the solution into the plastic container. … Add the coins in a single layer, so none of the coins are touching. … When you remove the coins and wipe them with a cloth or paper towel, they should look shiny.More items…•

Where can I sell my old coins for cash?

Fair Coin MarketsGreat Collections. Found online at GreatCollections.com this site allows you to sell your coins with low fees. … Teletrade. … Heritage Auctions. … All US Dollar Coins.All US Halves.All US Quarters.All US Dimes.All US Nickels.

How much are old wheat pennies worth?

The Market for Lincoln Wheat Pennies Any wheat penny is worth at least 4 cents to most dealers. Given the popularity of collecting Lincoln Wheat cents, there will always be a demand for quality coins. Therefore, collect coins in the highest grade that you can afford.

Are 1943 steel pennies worth anything?

Value of a 1943 Steel Penny They are worth about 10 to 13 cents each in circulated condition, and as much as 50 cents or more if uncirculated. … The first column lists the date and mint mark followed by the buy price, and the sell value for an average circulated Lincoln Wheat penny.

What are the most valuable wheat pennies?

25 Most Valuable US Pennies1.) 1944 Steel Wheat Penny – Worth $110,334.2.) 1943 Copper Wheat Penny – Worth $85,782.3.) 1873 Indian Head Penny – Worth $10,000.4.) 1914 D Wheat Penny – Worth $5,500.5.) 1922 D Wheat Penny – Worth $5,000.6.) 1877 Indian Head Penny – Worth $3,200.7.) 1926 Wheat Penny – Worth $3,000.8.)More items…

Why is cleaning coins bad?

In general, numismatists will tell you that cleaning coins is a bad idea. They will even go so far as to tell you not to handle them except by holding them along their edges, and even then, with extreme care. … Polishing or rubbing coins can cause unnatural shine or other damage, also reducing the value of your coins.

How do I sell my wheat pennies?

Selling Wheat Pennies to dealers often takes place in person. Old wheat pennies are heavy, a roll of 50 coins is expensive to send through the mail. Finding a local dealer to meet at either their shop or at a coin show is economical.

Are wheat pennies worth anything?

Most wheat cents (wheat pennies were minted between 1909 and 1956) are worth about 4 to 5 cents. Those in better condition can have double-digit value. Special examples (especially those in near perfect condition) can be worth much more. … And pennies dated from 1879 to 1909 are worth at least $1.

How do I know if my coins are worth anything?

You have to learn about each coin individually. “The three variables that determine the value of a coin are: how many were minted, the grade or condition of the coin, and the demand,” Gillis said. When asked which is most important, he says, “probably the mintage number if I had to choose one of the three.”

What makes a 1964 D penny rare?

We’ll talk more about this in a minute and explain why some of these rare pennies are worth so much: … 1964-D penny (Denver) – 3,799,071,500 (about 3.8 billion) minted; 10 to 25+ cents. 1964 proof penny – 3,950,762 minted; $1+ 1964 SMS penny (special mint set) – approximately 30 estimated to be minted; $5,000+

Are cleaned coins worth less?

There’s a reason that a cleaned coin is often worth less than half its original, undamaged value – numismatists simply don’t want them. … In fact, in most cases, anything more than a simple surface rinsing with water to dislocate loose debris will actually remove tiny bits of metal from the coin.

Does cleaning old coins devalue them?

It is best not to clean rare coins as removing the patina can significantly reduce the value of them. For this reason, most coin hobbyists almost never clean their coins. In fact, 99% of coins do not increase in value after you clean them, but many will be greatly devalued.