How about a 1971 Lincoln Cent Struck.............

Danester · Advanced Member

Thought it be best to start a new thread for this.

OK, I weighed the 1951-D Lincoln Cent and it is right on at 3.10 grams... a standard Lincoln Wheat Cent is 3.11 grams. So, you guys are correct it is a Lincoln Wheat Cent that was once incased. I learned something and how to spot these. http://www.coppercoins.com/forum/viewtopic.php?t=5832

How about this one...... I think I know what I have, but I want your take first. I weighed this one too, and it came in at 2.52 grams.

smed · Senior Member

I'd say that someone tried to cut it down to use as a dime.

coppercoins · Site Admin

Well, it actually looks like it was 'punched' through a hole after it was struck. The motto is curved toward the edge - that doesn't happen from simple cutting.

Whatever it is, I do not believe it to be a genuine error of any kind.

Danester · Advanced Member

I Thought it was struck on a Foreign Planchet. I didn't find this one, I bought from an older collector (82 years old) in 2007, along with a group of other errors. He had it marked "Struck on Foreign Planchet. I even thought it might be struck on a Foreign Coin as you can see other design elements on Abe's shoulder (looks like hoofs and back legs of an animal). I'm not sure what's going on under LIBERTY. I only paid $6.00 for it so whatever it is, I won't be disappointed. I feel (or hope) it is genuine, as the "old guy" indicated. Check-out Abe's shoulder.

I have another Lincoln I bought from the "Penny Lady" that turned out to be a counterfeit error. I showed it to a Dealer friend the same day and he spotted it as a counterfeit error. I went back to the Penny Lady's table and she said "I don't want it back". I think the next time she's back in town I'm going to demand she take the piece back - I paid more than $6 for this one. I'll image it and post it here - it is still in the Penny Lady's 2x2 - you will love it and yuck-it-up. It makes me feel like a dope, but maybe someone will learn something from this.

Danester · Advanced Member

OK, here is the counterfeit 1941 Lincoln Cent error I purchased from” The Penny Lady” (Charmy Harker). I have now decided I am going to eat my lost on this one, and not ask for a refund again. As I said, I asked the Penny Lady for a refund (because it was not a Mint error) about an hour after I bought it, and she just said “I don’t want it back”. If I were the Dealer in this situation I would have refunded the money. My thinking is that l will keep it around to remind me to be more careful when buying pieces that are outside my area of expertise. Also, Charmy may have something in the future I will want to buy, and there is no reason for me to burn any bridges for $55.

Check out the link to the Penny Lady’s web site. She has a video posted were the interviewer ask if “prices are negotiable”, and a guy sitting at the table says “I like that negotiable” - LOL. From my experience with Charmy, the negotiable part is kind of an inside joke, because there is not much of that taking place – generally there is one price, the “Penny Lady’s Price”. Charmy is tough when it comes to dealing on price, but she does have nice “Stuff”, sends out cool newsletters, and she is fun to talk to. So, if you see “The Penny Lady” at a show check her out and say Hi.

http://thepennylady.com/home.html

OK, tell me what’s going on here, and see if it's the same as what my Dealer friend Henry told me.

jon · Member

Her #2 goal claims customer satisfaction. I would NOT buy from this person until she made thing right? JMHO

Danester · Advanced Member

Good spot there Jon.... I missed that. And, two sentences down from there on her web site the Penny Lady states "I guarantee the authenticity of any of my coins".

smed · Senior Member

She's also a well-known name and an ANA member.

By refusing to refund, she is not in compliance with the ANA Code of Ethics. See the Dealer Code of Ethics on page 9.

http://www.money.org/AM/Template.cfm?Section=Federal_Charter_Bylaws_and_Code_of_Ethics&Template=/CM/ContentDisplay.cfm&ContentID=15178

She doesn't want it back because she knows she'll be stuck with it. Shame on her.

Dick · Expert Member

She is very well known in the "Fly-in-Club". They deal in FE/IHC cents primarily.

wavysteps2003 · Expert Member

At times, dealers tend to think that their reputation is above fault and pass off such erroneous dealings as "it will soon be forgotten". I would demand a refund since it is nothing but a "squeeze job" from the looks of it.

I'll send this post over to Mike Diamond and hope that he will be able to comment, even though he is ill.

BJ Neff

mikediamond · Advanced Member

The 1941 cent is a blatantly obvious fake. As BJ said, it's a "squeeze job" (hammer job, vise job, sandwich job). Any dealer selling such a coin is either a crook or is so abysmally ignorant about errors that he/she should'nt be selling them at all.

You should demand a refund. If she balks, you can post your coin and the receipt for its purchase on the Collector's Universe forum. She's a frequent visitor. Maybe you can embarass her into coughing up the money.

http://forums.collectors.com/categories.cfm?catid=26

Danester · Advanced Member

A "squeeze job" is exactly what my dealer friend called it -said, "sandwiched by two other Lincoln Cents, and then probably placed between two boards and squeezed in a vise”.

OK, all your comments have convinced me – next time Charmy is in town, I will ask her again for a refund. I was not given a receipt for the purchase, and that is why I have left the coin its original distinctive Penny Lady 2x2 holder. It even has her codes on the back. If you look at her web site video again, you will see her distinctive 2x2’s holders in the case with the green and red dots.

http://thepennylady.com/home.html

Thanks for all the input.

smed · Senior Member

Danester · Advanced Member

All this "Basement Job" and "Squeeze Job" talk reminds me of the old Mad Magazine Rockin Roll record (came inside the magazine).... "Nose Job". I bet those little records are worth a few bucks now.... Mint in the Magazine - forget about it".

http://www.youtube.com/watch?v=eCuiN2JnjpE&feature=related

Dick · Expert Member

"99, and 44/100th% sure". Hmm, sounds like a "ballpark guess".
Mike, I am sorry to hear you are ill, but knowing you, it won't last long!
Get well soon, and back to what you do best!
Dick