Hey fellow collectors! I recently got my hands on a couple of 1922 plain coins, and wow, what a thrill! I’ve been diving deep into the history and variations since then. For those unfamiliar, 1922 is such an intriguing year for the Lincoln penny, and the plain version is quite sought after, especially in higher grades. I’d love to hear about your experiences with trading these bad boys.
I’ve noticed that condition is everything when it comes to value. My coins are in decent XF condition, but I keep wondering how much that really impacts trade offers I might receive. When I did some research, I found that some collectors really pay attention to luster and minor details, which I hadn’t considered before. So, for those of you who have traded similar coins, what strategies did you find worked best?
I’m curious: how do you gauge the right value? Any tips on negotiating with fellow collectors? Finally, what red flags should I look out for to avoid getting shortchanged in a trade? Let’s hear your insights!
Great topic, CoinJunkie42! I’ve been collecting 1922 plain coins for years, and I can tell you that the grade really affects your trading power. You mentioned your coins are in XF condition, which is respectable but not top tier. When trading, consider the following strategies:
- Research Prices: Use resources like PCGS or NGC to check current market values.
- Know Your Buyer: When trading, be sure to understand what the other party is looking for. Sometimes collectors have a specific interest that can leverage your trade.
- Check for Authenticity: Always verify the coins’ authenticity. Use a trusted dealer or grading service if you’re unsure.
Finally, don’t rush into trades, especially if something feels off. It’s a small community, and a fair trade will lead to repeat connections!
Looking forward to hearing more experiences!
5 Likes
Thanks for the advice, NumismaticNerd! I definitely agree about researching prices. Have you ever had any issues with authenticity? I’d love to hear how you handled that situation. Also, do you have any tips on reading luster? It seems like such a fine detail that could really impact value!
1 Like
Hey everyone! I’ve traded a few 1922 plain coins in my time. One big tip is to never trade without a fair calculation of the value. For the most part, if your coins are XF, then expect offers that fall within the $20-$30 range depending on buyers. And definitely, look out for overly shiny surfaces — they might be too good to be true! I’ve seen people use polishing agents that ruin the coin’s value altogether. So, trust your instincts if something feels off! Good luck!
3 Likes
Thanks, CoinCollector88! That’s good advice about shiny surfaces. I hadn’t considered how much that could affect the trade. Does anyone have a method for evaluating luster without a scope? I’m curious to know how to gauge it better by sight.
1922 coins are indeed fascinating! I’ve personally found that trading in local coin shops can yield better values than online due to the personal touch. If you develop a rapport with a local dealer, they might give you better offers! Just a thought! 
2 Likes
Great point, SilverStacker92! I love the idea of building relationships with local dealers. I’ve been meaning to stop by my local shop more often. Any suggestions on how to approach them to build trust?
1 Like
Building trust is key! @CoinJunkie42, just be open and honest about what you’re looking for and share your current collection. Most dealers appreciate transparency and passion for the hobby. Also, try to attend local coin shows; they are perfect for networking! You can gain insights while connecting with other collectors. Trust builds over time, but starting with genuine interest helps a lot!
2 Likes
I’ve heard that the 1922-D and 1922 plain coins can sometimes be confused. Always make sure to double-check the mint marks before negotiating! Also, if you’re ever in doubt during a trade, consider asking for third-party verification from a certified grader.
4 Likes
Absolutely, GoldenEagle67! The difference between the D and plain can be quite significant. I’ve made that mistake before! Thanks for the reminder about third-party verification; it makes total sense to ensure you’re getting the real deal.
As a rule of thumb: make sure to follow the Red Book valuations. It’s often spot on for these types of coins. They may be outdated a bit, but they give a baseline price. Happy collecting! USMint usually has good tips on collecting as well!
2 Likes