I have a 1971 penny with a "bite" taken out of the edge of it. The bite is a circular slice out of the coin at the 8 o'clock position looking at the obverse side from where Lincoln's shoulder touches the edge up to just past the word "Liberty", and the arc of the curve is about the same as the curve of the penny. The "L" in Liberty is not in the right position, actually slightly moved over to the cut edge, making me think the cut was there when the coin was struck and not chopped out afterwards. On the reverse the word "United" is also distorted slightly where the letters run into the cut edge. Because of these distortions in the lettering it seems to me that when the coin was struck the cut was already there. Could this thing be worth anything, other than 1c?
2006-08-25 07:47:47 · 11 answers · asked by Kokopelli 7 in Business & Finance ➔ Personal Finance
It's called a curved clip on pennies they bring the coin a few dollars above whatever grade the coin is.
Here is a link explaining everything about clips...
http://www.seanq.com/clips.html
2006-08-25 17:37:50 · answer #1 · answered by Man 6 · 0⤊ 1⤋
Yeah, I am a coin collector and would say this penny is worth anywhere from $1-$5. You can look on ebay and see others. What you have is a chopped planchet. It got cut twice before it was stamped. I'd rather hang on to it as a conversation piece instead of selling it.
2006-08-25 14:52:44 · answer #2 · answered by Anonymous · 2⤊ 1⤋
Call the Mint or a coin collector.
2006-08-28 02:41:59 · answer #3 · answered by Anonymous · 0⤊ 1⤋
Possibly, you should take it to someone who deals in coins.
2006-08-25 14:50:55 · answer #4 · answered by Manda 2 · 0⤊ 1⤋
it's worth less than 1 cent. in 200 years it will be worth $500, which, adjusting for inflation, will be less than it is now.
2006-08-25 14:51:45 · answer #5 · answered by Anonymous · 0⤊ 1⤋
I'd say so. Don't get rid of it. I vaguely remember hearing something on TV about this.... Hang onto it!
2006-08-25 14:51:09 · answer #6 · answered by ? 3 · 0⤊ 1⤋
Go to the antique roadshow.
2006-08-25 14:49:17 · answer #7 · answered by Gypsy Rose 3 · 0⤊ 1⤋
heck yeah put on e-bay for $250
2006-08-25 17:41:51 · answer #8 · answered by Skippy H 2 · 0⤊ 1⤋
any reputable coin shop should be able to help determine its value .........
good luck !
2006-08-25 14:51:25 · answer #9 · answered by BIGG AL 6 · 0⤊ 1⤋
i don't know if it's worth, but u can give it to me. Just for my luck
2006-08-26 09:14:58 · answer #10 · answered by annaruthbenjamin 1 · 0⤊ 1⤋