1943-S Lincoln Cent Sells for $1 Million
Wheat Penny Sells for $1 Million. It’s incredible how costly a mistake can be–especially when it means that a penny sells for $1 million. In late , Bob Simpson, of Major League Baseball’s Texas Rangers, bought a Lincoln Head Wheat Penny, which was made as a mistake. Cast out of bronze instead of zinc covered steel as it should have been that. In September , Legend Numismatics of Lincroft, New Jersey has announced that collector Bob R. Simpson, co-chairman of the Texas Rangers baseball club, paid $1 million for the finest known S Lincoln Wheat cent on a bronze planchet. All Lincoln cents were supposed to be made of steel planchets coated with zinc.
Want to know what the most valuable pennies are? At Milliln Values, we are always staying on top of the latest changes in dolars prices, and we have a list of the top 25 most valuable pennies.
Small cents, by the way, are Do you have any of these coins in your penny jar? It may be worth taking a look, because many of the most valuable pennies on this list were made whet the 20th century. The story behind copper Lincoln Pennies is presumed to be a pure accident at the U. Mint — perhaps a few leftover copper planchets from were stuck in the coining press system and struck with penny dies. Why so few? Be dolars to check your change for this one! It simply is a regular-issue piece that was struck in ks low numbers.
In fact, onlywere originally minted, and only a how to turn your road bike into a stationary bike fraction of pennies from the original mintage remain today. A doubled die coin of any era is usually pretty scarce to begin with, but an Indian Head cent is scarcer still. It was soon learned that only the Denver Mint struck pennies inand one-cent coins without a mint mark but bearing that date were in fact mistakes.
Perhaps 15, to 20, plain Lincoln Cents were made, but nobody knows the exact number of examples that pejny made, let alone how many wnat to this day. However, what is known for sure is that the no-D penny is quite scarce and in high demand among coin collectors. The U. By the end of the s, they had become a hot coin collector item and remain so to this day. The difference between this penny and the closed 3 listed above is the way the serifed ends ie the 3 come near the middle of the digit.
As a rule, open 3 Indian cents are more common than woryh closed 3 variety. Damaged coins or those grading lower based on wear will be worth less than the coin values listed above.
How to treat diarrhea in toddlers naturally example, many of the doubled die entries on the list above such as the,and doubled die Lincoln cents are much scarcer in number than the Indian Head cent or D Lincoln cent, but are not as widely collected, thus the values of wnat somewhat more obscure coins are lower. Remember, a substantial fraction of the coins that were once minted no longer survive today, as many have what wheat penny is worth a million dollars lost, melted, or damaged beyond recognition.
Whilewere struck, several population estimates suggest only 50, tomay still exist — a fairly large number indeed, but much lower than mintage numbers suggest. Whether you collect Flying Eagle penniesIndian Head penniesor Lincoln penniesyou will find that the market miloion rare q is quite active. If you are investing money in rare pennies, buy coins that are in the best condition you can afford, and always focus on purchasing coins that display original color and are in nice shape overall.
While there are very few guarantees in the rare coin industry, you can always count on nice, problem-free coins yielding better returns on your investment than coins that have been cleaned or have nicks, dents, scratches, and holes. Blog Forum Community Secure Login. Latest Blog Posts. Streber 02 February Streber 04 August Are you concerned the precious metals train has left the station without you?
All About The American Wheat Penny
S copper Lincoln Wheat Penny, $, – The S copper cent is the one of the most valuable small cents, with one example having sold for a cool $1 million at an auction in The story behind copper Lincoln Pennies is presumed to be a pure accident at the U.S. Mint – perhaps a few leftover copper planchets from were stuck in the coining press system and struck with . Philadelphia Mint (no mintmark): ,, Denver Mint (“D” mintmark): 81,, San Francisco Mint (“S” mintmark): ,, There were also 15, proof specimens of the penny made at the Philadelphia Mint — back then, virtually all proofs were made in Philly, not San Francisco. May 15, · Yes, there are some exceptions. Take, for example, the S VDB Lincoln wheat cent, a popular rarity worth $ or more. Here are a few other expensive wheat cents: D – $+ plain cent (no "D" mintmark) – $+ S – $75+ bronze cent – $,+ (yes, you read that correctly, it's worth six figures!).
All Lincoln cents were supposed to be made of steel planchets coated with zinc. However, some bronze planchets left over from slipped into the production process. These error coins are extremely rare and highly sought after by error coin collectors. According to a press release, it was successfully acquired by Legend after "determined negotiations" with an East Coast dealer representing the seller who is described only as "a long-time collector," according to Legend President Laura Sperber.
Simpson said, 'It's a beautiful coin. When the United States Mint manufactures coins, they are produced within tight tolerances as defined by law. Specifications in the law include diameter, thickness, metal composition, and design requirements.
When a law dictates a change to the coinage, the Mint must adjust its production process to accommodate the requirements of the new law. In this instance, the United States Congress passed a law that specified pennies produced in are made out of steel instead of bronze.
Each production facilities of the United States Mint is a factory that produces coins for the United States of America. Much activity goes on in these facilities that enable them to produce billions of coins every year.
While they pay close attention to the process to achieve world-class quality, some mistakes do happen. In this instance, coin experts believe that planchets from the previous year which were made of bronze were still lingering in the production process. Although it cannot be proven, another explanation for this error coin is that a mint employee purposefully struck a few pennies on bronze planchets.
Although illegal, sometimes these do escape the security procedures of the Mint. Since Lincoln cents are one of the most collected United States coins, demand for them is extensive. Given the unusual look of a steel Lincoln cent, a Lincoln cent made out of bronze is one of the "Holy Grail" of Lincoln error collectors. Compounding the pressure of a highly collectible coin with the fact that there are only five known examples of a S Lincoln cent made in bronze, the price will skyrocket!
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