Rookie Penny question!

[Yorkie 0]

Hi all,

I am new to the forum- wonder if any light can be thrown?!

A family member has approached me with a bag of 76 unused 1967 Pennies.

I am trying to assist with a value - but they appear to be advertised for between £1.... and £995 (!!!)

What is the rough value?

Also...I am a born "polisher"!.. should I run some Brasso over them? Would this assist their value?

Thanks in advance for any advice.

[Sword 1,368]

Hi,

Unfortunately, 1967 pennies are extremely common (mintage of at least 164 million) and are worth very little. E.g., this dealer is asking for £1 each and is inviting offer if anyone wants to buy a bag.

https://www.chards.co.uk/elizabeth-ii-penny-uncirculated/9204

Don't use Brasso as the value will immediately drop to scrap. 

[Paddy 1,597]

Welcome!

First to say - never use Brasso on any coin - it would destroy any value there might be. Anything that won't come off with warm soapy water and a soft sponge is best left, and if the coin is in great condition with good lustre, don't even try that.

Sadly 1967 pennies are extremely common. The range of prices you are seeing is down to Ebayers chancing it in the hope of catching a mug. Even in Brilliant Uncirculated condition you would be lucky to get £1 for one, and anything less they are scrap metal.

@Sword has replied while I was typing with much the same response.

 

 

[Yorkie 0]

That's great - thanks for responses.

NOTED!- Re Brasso!

It's a strange world I'm delving into - where "lustre" is king over shine!?... but you never stop learning!

[blakeyboy 1,637]

Ah yes, but lustre and patina takes decades, even centuries, to develop,

and can't be faked. When lost by polishing, that's gone forever.

 

Also, polishing works by removing very fine marks, and these fine marks are called 'detail' and 'history',

and a coin with more detail is always sought.

[Peckris 2 2,088]

On 10/26/2023 at 9:10 PM, Yorkie said:

Hi all,

I am new to the forum- wonder if any light can be thrown?!

A family member has approached me with a bag of 76 unused 1967 Pennies.

I am trying to assist with a value - but they appear to be advertised for between £1.... and £995 (!!!)

What is the rough value?

Also...I am a born "polisher"!.. should I run some Brasso over them? Would this assist their value?

Thanks in advance for any advice.

DON'T CLEAN COINS! As a rookie, use that as a general strict rule. With more experience there are some gentle methods which can be used, but for now, don't...

1967 pennies - very common indeed. However a few choice (absolutely fully bright lustred) examples could be kept. A reputable dealer will sell them for 50p or £1. There are a few misstruck pennies, if you see any of those put it aside. For example I have one that is obviously genuine but doesn't ring when you drop it, it just clacks.

[Peckris 2 2,088]

14 hours ago, Yorkie said:

That's great - thanks for responses.

NOTED!- Re Brasso!

It's a strange world I'm delving into - where "lustre" is king over shine!?... but you never stop learning!

Lustre is the special gleam you see on newly minted coins - it's created as part of the minting process. "Shine" imparted artificially is a world away and can be seen not to be lustre. As a rough analogy from stamp collecting : a genuine postmark is part of the stamp's value, but someone simply writing over it destroys the value.