You are here:

Coin and Paper Money Collecting/Possible token? Also grading and value of Indian head penny

Advertisement


Question
Obverse of token thing
Obverse of token thing  

1906 Indian head and reverse of token thing
1906 Indian head and r  
I am very new to coin collecting and have found some interesting coins. This first coin I'm not sure really what it is a token of some sort I'm guessing. Do you have any idea what it is and where it came from? The second is a 1906 Indian head penny and I was hoping you could give me an approximate grade and value? I have grown an interest in collecting error coins and have decided to try and sell the rest on eBay. Do you have an idea on how much to sell wheat pennies for? I have around a pound and a half all dates are readable and of course conditions vary from coin to coin with the earliest being a 1911. Should I try and fill coin folders with them and sell them as partial sets? If so how much is reasonable? I'm sorry for all the questions. Any information/advice would be great!!

Answer
Tasyia:

Way too many questions. (1) Token is for gaming, i.e., worth a quarter, like "Chuck-E-Cheese". (2) Indian cent worth retail a $1, and I'd grade good. (3) Bulk wheat cents worth about two cents each, check eBay for earlier dates. Nothing later than 1940's worth much. There's lots of data available online for values and grading. (4) Up to you on which way to collect/offer for sale. Each has it's pluses and minuses. Your prices, of course, would be based on dates, mintmarks and grades. Impossible for me to tell you without knowing each grouping you would be offering.

See: http://www.numismedia.com/fmv/prices/lnccntmo/pricesgd.shtml

Hope I've helped.

Coin and Paper Money Collecting

All Answers


Answers by Expert:


Ask Experts

Volunteer


Ronald Fern

Expertise

I can answer most all questions relating to US coins, tokens, and currency. I'm not strong on world coins or ancients. Primary field of expertise is errors and varieties. Over 55 years experience in coin collecting. Part time dealer since 1976. Employed by McDonnell Douglas/Boeing for over 34 years as an Industrial Engineer/Technical Specialist before retiring in 2002.

Experience

Worked weekends for "Lonesome" John in the late 1960's to mid 1970's processing error coins, packaging, and preparing orders. Worked with John Devine and Fred Weinberg on several California Error A Rama's in the early 1970's. Served as display judge at annual Error-A-Rama coin shows. Opened and operated mail order coin business DBA "CAL ERRORS" in 1976. Contributor to Alan Herbert's "Official Price Guide To Mint Errors" and Fivaz/Stanton "Cherrypickers' Guide". Worked Saturdays at Huntington Beach Coin Exchange 1980-1999. Had table and sold coins at a number of coin and gun shows in So CA, AZ and NV. Sell coins, tokens and currency on Facebook. Past "Errorscope" Editor. Presently CONECA Examiner.

Organizations
ANA, CONECA, CWTS, NLG

Publications
Errorscope, Numismatic News, Civil War Token Journal, Error and Variety News

Education/Credentials
AA Degree LBCC pre Engineering, 1964 BS Degree CSULB Ind Technology, 1968

Awards and Honors
1st Place EAR Trophy for Civil War Token Errors, NLG Author of Year Award for best monthly coin column "Error News and Views" in small Numismatic paper, owned and published by Ray Anthony.

©2016 About.com. All rights reserved.