1987 D 1 Cent Coin American Graded MS 70 by SGS

Posted in on April 20 2024 at 05:45 AM
The 1987 D 1 Cent Coin American Graded MS 70 by SGS is a highly sought-after coin among collectors and investors. This particular coin stands out for its rarity, excellent condition, and grading by the prestigious SGS (Sovereign Grading Service). The 1987 D 1 Cent coin was minted by the United States Mint and is part of the Lincoln Memorial Cent series, which has been in production since 1959. It is composed of 95% copper and 5% zinc, with a diameter of 19.0 mm and a weight of 2.5 grams. The “D” in the coin’s name indicates that it was minted at the Denver Mint. One of the main reasons why the 1987 D 1 Cent coin is highly sought after is its rarity. It is estimated that only about 2.5 billion of these coins were minted, making it a relatively low mintage compared to other years. This low mintage is attributed to the decreased demand for pennies at the time, as well as a trend towards using credit and debit cards instead of cash. Apart from its rarity, what makes this coin truly special is its excellent condition. The coin was graded by SGS, which is a renowned third-party grading service that uses the Sheldon Scale to determine a coin’s condition. The Sheldon Scale is a grading system that ranges from 1 to 70, with MS 70 being the highest grade. A coin with this grade is considered to be in perfect condition, with no visible flaws or imperfections. Being one of the few coins to receive a perfect MS 70 grade by SGS, the 1987 D 1 Cent coin is highly valued by collectors. This grade not only guarantees the coin’s quality and authenticity but also makes it a valuable addition to any collection. The value of the 1987 D 1 Cent coin American Graded MS 70 by SGS can vary depending on the market demand and the specific characteristics of the coin. Generally, these coins can sell for hundreds or even thousands of dollars, with some selling for as high as $5,000 or more. As with any collectible item, the rarity and condition of the coin are crucial factors that drive its value. Aside from being a prized possession for collectors, the 1987 D 1 Cent coin American Graded MS 70 by SGS can also be a smart investment. As the supply of these coins is limited, their value is expected to increase in the future, making them a potentially profitable long-term investment. In conclusion, the 1987 D 1 Cent Coin American Graded MS 70 by SGS is a highly coveted coin that stands out for its rarity, excellent condition, and prestigious grading by SGS. Owning one of these coins can bring both pride and value to any collection, while also offering potential for future investment growth. Whether you are a passionate collector or an investor looking for a unique opportunity, the 1987 D 1 Cent coin American Graded MS 70 by SGS is definitely worth considering.
Product Details
Category:
Serial Number:
0
Directory Type:
My collection
Counter:
1
Estimate Price:
$367.50
Approx:
$367.50
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Listing Creator
Lee Provost
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