I found a coin in my grandfather's collection that might be an overdate. How can I determine its value and rarity?

Hey fellow collectors! Recently, I was digging through my grandfather’s coin collection and stumbled upon a coin that I think might be an overdate. It’s a 1943 Lincoln penny, but there’s something peculiar about the date - it looks like there’s a faint ‘42’ under the ‘43’.

I’ve done a bit of research and found that overdates can really increase a coin’s value, especially if it’s in good condition. Mine has some wear, but the detail is still quite nice, especially on the obverse. I’m wondering if anyone here has experience with overdates? How do you go about assessing rarity and value? I’m particularly interested in any specific markers I should look for beyond just the date itself.

What’s the best way to approach getting it appraised? Should I submit it for grading, or would detailed photographs suffice for online valuation? Any tips or shared experiences would be greatly appreciated! Looking forward to hearing your thoughts.

Hey CoinFanatic89! It sounds like you may have stumbled upon something interesting with that 1943 Lincoln penny. Overdates can indeed add significant value, but it’s crucial to determine if what you’re seeing is a legitimate overdate.

Here are some steps you can take to assess it:

  • Examine the coin closely under good lighting, preferably with a magnifying glass. Look for any other distinguishing marks or features that are typical of 1943 overdates.
  • Consult reference guides or websites like the PCGS for images of confirmed overdates.
  • Condition is key; if it’s in decent shape, it could be much more valuable than a typical 1943 penny.
  • Consider submitting it for grading. An authenticated overdate can significantly increase its marketability, especially if it gets a high grade.

I personally found a similar 1942/41 overdate a few years back, and having it graded made a world of difference when I later sold it! Best of luck, and keep us updated!

5 Likes

Thanks for the detailed response, @CoinExpert92! I will definitely check under good lighting and see if I can capture some close-up photos. It’s amazing to think it could be worth more than I initially thought!

2 Likes

Hi there! I’ve been collecting coins for over a decade and can say that 1943 overdates are fascinating! Here are some markers to look for:

  • The placement of the ‘2’ should be clear and noticeable.
  • Check for a distinct strike pattern; overdates often have a different texture.
  • Wear on the coin could obscure markers, so be sure to assess it carefully.

If you can, share some photos on here for the community to help identify. It sounds exciting to have a piece with potential!

3 Likes

Great points, @PennyCollector88! Also, don’t forget that value can vary based on the demand. If you’re not in a rush, I suggest attending a local coin show. You can often find dealers who can give you insights right there! Selling to dealers in person sometimes yields higher offers than online.

4 Likes

I had a similar experience with my grandfather’s coins. After I found a 1942 overdate, getting it independently authenticated was super valuable. Definitely consider sending it to NGC or PCGS. They’re reputable and can provide a wealth of information about your coin’s condition and history. Plus, if you’re planning to sell it, a professional grading can enhance its market value significantly. Check here for submission details!

6 Likes

Thanks, @OldSchoolCollector! I’m definitely leaning towards getting it graded. It’s just nice knowing I have a piece of history that my grandfather valued. The sentimental value is just as important!

2 Likes

Don’t forget! A high-grade overdate could be worth a lot initially, but the market fluctuates. It’s good to keep an eye on trends! Make sure to follow auction results at US Mint for informed decisions later!

3 Likes

Wow! A 1943 overdate would be amazing! Have you considered joining a local coin club? They often provide resources for assessments and appraisals, plus it’s a great way to meet like-minded collectors. Just a thought! :blush:

5 Likes