Here’s a list of the top 25 most valuable pennies: 1943-S copper Lincoln Wheat Penny, $185,000 – The 1943-S copper cent is the one of the most valuable small cents, with. 1944 Steel Lincoln Wheat Penny, $125,000 – It’s believed that a similar story behind the creation of the 1943 copper. Beware of altered coins made by copper plating genuine 1943 steel cents or from 1948 Lincoln cents by removing the left side of the 8 to make it look like a 3. Learning how to authenticate a 1943 copper penny is a relatively easy task. #10 1913 Liberty Head Nickel - Hawaii Five-O Star. Price Realized: $3,737,500. Date Sold: January 7. 'Holy grail' rare penny might be worth $1.7M after it was found in boy's lunch money. A rare copper penny, considered a 'holy grail' in coins, has been found in a boy's lunch money. 1933 Saint-Gaudens $20 Gold Double Eagle. Value: $7,590,000. Sold: July 30, 2002.
'Holy grail' rare penny might be worth $1.7M after it was found in boy's lunch money
A rare copper penny, considered a 'holy grail' in coins, has been found in a boy's lunch money. It could reach $1.7 million in auction from Heritage Auctions.
Now that's a pretty penny.
A penny that a Massachusetts teenager found in his change from lunch money could be worth as much as $1.65 million (£1.3 million) when it is auctioned off.
The 1943 Lincoln penny is made up of copper and has been described as the 'most famous' coin made in error, according to Heritage Auctions, which is auctioning off the coin. Only 20 were ever made and for years the U.S. government denied its existence, but one coin was found by Don Lutes Jr. in his school cafeteria in March 1947.
New online casinos 2020 usa. 'Despite relentless searching by eager collectors over a period of more than 70 years, only a handful of legitimate specimens have ever been discovered,' Heritage wrote on its website. 'PCGS CoinFacts estimates the surviving population at no more than 10-15 examples in all grades. We have compiled a roster of all specimens certified by the two leading grading services below, including an unknown number of resubmissions and crossovers.'
In the 1940s, copper was considered a strategic metal, largely because of World War II, as it was used to make shell casings, telephone wire and other wartime necessities. Best online pokies real money no deposit. To preserve the metal, 1943 Lincoln pennies were made of zinc-coated steel, but a tiny fraction of the pennies put into circulation wound up using copper.
Almost as soon as the pennies were pressed, rumors began to emerge that some copper cents had made their way into circulation. The frenzy had become so heightened that it was speculated that car magnate Henry Ford would give a new car to anyone who could give him one of these copper pennies, though that speculation was later proven false.
'Stories appeared in newspapers, comic books, and magazines and a number of fake copper-plated steel cents were passed off as fabulous rarities to unsuspecting purchasers,' the auction house added on its website. 'Despite the mounting number of reported finds, the Mint steadfastly denied any copper specimens had been struck in 1943.'
The rumors of the copper penny, described as 'the Holy Grail of mint errors,' were eventually proven true after it was found out that copper planchets – which are actually made of bronze – had become lodged in the trap doors of the mobile tote bins used to feed blank coins in the presses at the end of 1942. The planchets went unnoticed and eventually 'became dislodged and were fed into the coin press, along with the wartime steel blanks,' Heritage wrote on its website.
Other genuine examples of the 1943 Lincoln copper penny have been found, including 10-15 from the Philadelphia Mint, a half dozen from the San Francisco Mint and one from the Denver Mint.
At the time, Lutes, who was 16, had heard of the rumor about Ford, but when he was later told it was false, kept the coin for himself in his collection. Over the years, he received offers for the coin and eventually even inquired with the U.S. Treasury about it, but was told that it was fraudulent, that 'All pennies struck in 1943 were zinc coated steel' and eventually decided to just keep it for his collection.
Before the switch took place, a handful of cents were mistakenly minted in copper, making a 1943 Bronze Lincoln cent coin one of the most famous coins in U.S. history: 76 years later, the very first of these error coins ever discovered will make history when Heritage Auctions offers the rarity Jan. 10 in Orlando, Florida. (Credit: SWNS)
Expensive Pennies 1944
The 1943 zinc-coated steel pennies proved to be so unpopular with the public that they were eventually replaced with brass recovered from shell casings.
Lutes passed away in September and now the coin is going up for auction, where no one really knows what it will sell for, Sarah Miller of Heritage Auctions said. 'This is the most famous error coin in American numismatics and that’s what makes this so exciting: No one really knows what it’s going to sell for,' Miller said in comments obtained by SWNS.
The auction is ongoing and is slated to end on Jan. 10.
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