1998 Wide AM/Proof Style Reverse

[Gonz428]

On a scale of 1-10 how rare is this coin? Did I just find an error proof style reverse penny? Should I send to get graded or attributed?

[PNWMAKES]

Nice find, out of the 1998, 1999, 2000 the 1998 is the most common one. And in the condition of your coin it would not be profitable to have it graded. JMO But still a nice find. You could look up eBay sold items for this coin and see what they are selling for. But here is a good read on them.

http://www.lincolncentresource.com/wideams.html

[MintErrors]

PNW is right.

In my opinion, it is difficult to randomly assess these.

Many people may never send them in for grading and slabbing, keeping the counts low. In the not too distant past, I used to research items like this to get a ball park figure. The population reports are available from the top three third party grading services. Those give a very rough idea of at least how many out there. People will break coins out of holders or resubmit to another company, so numbers will never be true.

It is one thing to see. production numbers. It's then where within the regions have mass amounts of these, and where are areas that are void of them . Add in condition, whether the interest in searching and collecting was done by collectors. A question like that ca be complicated to answer.

CONECA forums frown upon talking grades on coins which are not in 3rd party holders and they also frown upon prices for coins. The pricing is very subjective, and depends on the buyer, seller and many more constantly varying conditions. You can look up past auction house sales in the advanced section, and choose sales in which coins have sold.

We would have to assume that your rating scale was with 10 being highest,, and this rarity would be based on what conditions ? In any event, feel free to also look up prices in coin collector price guides or on line at 3rd party grading sites.

[Gonz428]

Thank you for the response, if I get it graded it will be for my collection. I’m not interested in selling. The scale was me being silly because I was excited about my find. Again thank you very much for the information and your assistance.

[MintErrors]

The cheapest third party grading service is ANACS. They set up at a lot of shows and will assist sending a coin in. The submission for a single coin would be dependent on how long it will take.
In my opinion, I would send it in via one of the cheaper rates. They may have to send that coin off to an examiner. If so doing a fast turn around only makes it faster after it's been weeks to and from the examiner. So a typical cost would be a 19.00 to cover authentication, grading and slabbibg. I do not know if they would charge the 7.00 or so attribution fee, since it is listed in the red book. Worse case, let's say they do. Then the return postage and required insurance should be close to 24.00, and they usually ship UPS Ground. They are probably the cheapest when it comes to top 3 TPG companies.

You can also submit a post on the CONECA Services forum area, under varieties/attributions. They may want to see it, and you send it in. Get it attributed and sent back to you. I am sure they will supply a letter along with the coin returned of their findings. You can buy a third party like holder, like a coin world holder (via Amos Advantage) and slab it yourself. That method would be far less expensive than dropping a Franklin on it via a cheaper TPG. The choice of course, is up to you.

Congrats and good luck.

[Gonz428]

I really appreciate you helping me. I will send it of to get graded thank you