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Coin and Paper Money Collecting/1919 RED PENNY (High Grade)!

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Expert: - 10/25/2011


Question
Dear Sir, What is RED Penny? I saw a article that there are three
type Black,Brown,RED.and did not save the link... I just found
a 1919 RED Penny in High Grade (clean,no rust,dents,extra clean)
for its age! I see an article that these era Penny the RED ones
have been auctioned MS-RED-65 etc etc for astounding amounts!!
Again,please a link to a site for the exact mintage of the
1919 RED Penny?  God Bless!

Beck
Kissimmee FL


Answer
Hi again,

All pennies start out as red -- that's the natural color for newly made copper.  Over time this will become increasingly darker.

While the current price guide lists the 1919 pennies in MS-65 RED grade at $2,000 to $3,000 -- this is only if they have a "D" or "S" mintmark below the date.  The mintage for the one with no mintmark is much higher, making it much more common and much less valuable -- they currently list for $75 in the same grade.

If your coin can be certified MS-65 RED by PCGS or NGC, it could bring $150 to $200 -- uncertified brings a lot less.

Mintages for the pennies can be seen here :

http://www.coinfacts.com/small_cents/cents_lincoln_wheat_reverse.html

There is an online RETAIL price guide that lists an MS-65 RED for $247.00 here :

http://www.numismedia.com/fmv/pricesms/lnccnt/prices61.shtml

I hope this helps,

Dan

Coin and Paper Money Collecting

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Dan Moore

Expertise

My strong familiarity with all U.S. Mint coins, extensive reference library, and close relationships with many other dealers allows me to identify just about any coin made in the USA. I receive regular updates to all the current price guides -- both wholesale & retail -- to provide accurate values. So, with a good description or pictures, I should be able to identify and value any U.S. coin you have.

Experience

I've been a coin dealer since the 1980's and a coin collector since the 1960's. I specialize in U.S. Silver Coins and have an active online website -- The Working Man's Rare Coins -- http://www.workingmancoins.com -- offering information and inventory in U.S. coins.

Organizations I belong to :
American Numismatic Association Member #187770
Michigan State Numismatic Society Member #8255
Florida United Numismatics Member #19710
Monroe Coin Club Treasurer
Lincoln Coin Club Board Member
WINS Member #14
CoinMasters Member #1814

Frequently Asked Questions :
I have created a Frequently Asked Questions page on my website, where you may be able to get an immediate answer to your question. You can find the page here :
http://www.workingmancoins.com/FAQ/index.htm


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