Coin and Paper Money Collecting/Penny

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Expert: - 4/22/2004


Question
I have a 1999 proof set, and the penny in the set has some sort of discolor on the obversize the shape of an oval(just covering the lincoln memorial) Do you have any idea what could have cause this, and do you think it would increase, or decrease the value of the set.

          Thank You  

Answer
Hi Kevin,

The discoloration is most likely caused by a contaminent within the holder.  It could be something as simple as a mint employee bearthing on the coin!  There is no way of predicting that will happen when you buy a set.

The set is definitely worth less than a set without a problem.  Ask yourself this; for the same price, which set would you want?

Regards,
Joe Hylas

Coin and Paper Money Collecting

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Joe Hylas

Expertise

Numismatic professional with over 30 years experience can answer your questions about US coins, their values, how best to sell them and where to buy them. Interested in starting a collection? Find out which areas are undervalued and how to acquire those coins at the best price.

Experience

Ex-Head Precious Metals trader for Deak-Perera International with 42 offices worldwide. Industry experience since 1978. Has worked co-operatively with US Mint, Royal Canadian Mint, Austrian Mint, Chamber of Mines of South Africa, World Gold Council and Platinum Guild International. Professioanl numismatist specializing in US Coins. Always buying collections, will travel if size of collection warrants. Website: www.AllCoins.US

Organizations
PCGS, NGC, Rotary

Publications
Physician's Money Digest

Education/Credentials
Bachelor's Degree in Business Administration

Awards and Honors
Paul Harris Fellow

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