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1940-D LWC Penny Help Should I Grade This Is It Worth Anything

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United States
3 Posts
 Posted 08/19/2024  06:27 am Show Profile   Bookmark this topic Add iamking85 to your friends list Get a Link to this Message Number of Subscribers
1940 penny help


*** Edited by Staff to Add Year / Mintmark / Denomination to Title. It's very important to have in the title. ***
Edited by iamking85
08/19/2024 08:35 am
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John1's Avatar
United States
56855 Posts
 Posted 08/19/2024  07:06 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply

Please properly crop and rotate photos before posting them.
I edited your title a bit. A coin needs a minimum retail value after slabbing of $150 to justify all costs involved in sending it in. WADR,your coin falls way short of that. A nice Wheat cent though.
John1
( I'm no pro, it's just my humble opinion )
Searched 6.5 +/- Million Cents Since 1971
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ijn1944's Avatar
United States
16857 Posts
 Posted 08/19/2024  07:07 am  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
We need to see a photo of the reverse as well. Caution--you may get palm or finger prints on the coin. Given the posted pics, I'm thinking this is a lightly circulated example--may have been cleaned in the past. Personally, I wouldn't submit for grading as the coin will likely fall in the low AU range. Others will be along to comment.
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panzaldi's Avatar
United States
17393 Posts
 Posted 08/19/2024  07:53 am  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
since it sounds like you're fairly new to coins here is the breakdown for grading a coin. most are completely unaware of the costs involved

BTW - your coin is worth about .10

there is virtually nothing in circulation that would warrant having a coin graded. are there some out there? yes, if you want to spend half your life looking for one.

two reasons to slab
1. its a rare coin that needs authenticated and preserved
2. you are planning on selling the coin and the cost of acquisition plus the grading fee's would warrant it without chewing up all your profit

PCGS charges a minimum of $69 for a subscription other subscription levels include grading vouchers though so you could reduce these costs. add to the subscription cost, per coin grading fee would be about $23, shipping & ins both ways (1-4 coins is $27 if the total value is under $1000)

NGC - economy grading tier is $22, plus $10 handling fee, plus $28 for shipping (1-5 coins).

ANACS grading would be $16 but there's a 5 coin minimum. Shipping would be $29-35.

CAC - $99 subscription ($50 grading credit), economy grading $15, gold $28, $40 shipping/handling/ins

i don't slab coins for these reasons especially the cost involved. I don't know why this is so popular today. just making the grading companies wealthy


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Coinfrog's Avatar
United States
94367 Posts
 Posted 08/19/2024  12:52 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply


to the CCF!
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Errers and Varietys's Avatar
United States
54905 Posts
 Posted 08/19/2024  2:15 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
To CCF! Looks AU. Not at all worth grading. Save your time and money.
Errers and Varietys.
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BadThad's Avatar
United States
19520 Posts
 Posted 08/19/2024  6:16 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Around VF-25, pretty common coin, worth about 10-15 cents as long as the reverse actually looks like your obverse picture. If it's actually greenish as shown, the coin is worth 3-5 cents.
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Dearborn's Avatar
United States
64151 Posts
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nickelsearcher's Avatar
United States
13258 Posts
 Posted 08/19/2024  6:55 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
to the CCF

You have read our experts opinions - now pull up a stool and join us at the best of all internet coin forums.
Take a look at my other hobby ... http://www.jk-dk.art
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Marve65's Avatar
United States
4629 Posts
 Posted 08/19/2024  7:06 pm  Show Profile   Bookmark this reply Add Marve65 to your friends list Get a Link to this Reply
Just add it to a coin folder or a 2x2. Nice looking wheat but that's about it.
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Sharks's Avatar
Canada
1484 Posts
 Posted 08/20/2024  2:01 pm  Show Profile   Bookmark this reply Add Sharks to your friends list Get a Link to this Reply
@iamking85 Don't waste your money getting it slabbed/graded. Watch out for getting finger prints on coins.
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IndianGoldEagle's Avatar
United States
33743 Posts
 Posted 08/22/2024  1:50 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
EF-45, worth about 10 cents.
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