![]() pennies, based on over 250,000 public records and auction sales figures. Read on to find out what makes these 16 coins the most valuable U.S. 1958 Lincoln Penny (Double Die Obverse).1969-S Lincoln Penny-Doubled Die Obverse.1944-D Lincoln Penny (Zinc-coated steel).Since pennies hold a special place in almost every coin collector's heart, demand for high-quality coins can drive the value through the roof. As a collector, you eventually reach the point where you need to purchase your coins from a coin dealer or at auction to achieve the quality you want. Government halted the minting of copper-coated bronze coins switching to steel instead. Most of them pulled the coins out of circulation. Today, pennies are made from copper-coated zinc. Two unique coins that cost the finders face value were sold for a combined total of nearly 36,000. Almost every collector of United States coins began collecting the Lincoln penny. A 1982-D Small Date, found by a collector searching for pure copper alloy cents being saved for their melt value, sold for 18,800, and a 1983-D Lincoln cent, found after reading the book, Strike It Rich with Pocket Change, sold for 17,625. ![]() And some coins are made more valuable simply by being unintentional, as with the 1943 Lincoln pennies that were mistakenly made with bronze rather than steel.įinally, demand is the factor that drives value the most. Condition is another coins that stayed out of circulation may retain their original coloring and fine details, significantly adding to their value. Pennies made on or before 1982 were, made with 95 copper and 5 zinc. But, of course, rarity is a significant factor in determining a penny's worth. For much of their history, US pennies were mostly copper. For the world's rarest and most coveted pennies, values are well over $100,000 and approaching $2 million. 10-13 during its Florida United Numismatists Show in Orlando.Some little pieces of copper can be worth some huge dollar amounts. 2 Commodity prices continue to rise and fall with market changes, which affect the current metal value of the penny. 1 Since 2000, the price of copper has risen dramatically, making the meltdown value of these pennies more than the face value of the coin. Heritage Auctions will offer the coin from Jan. Pennies used to be made from 95 copper, at least until 1982. 'The copper has such a different sound than zinc pennies do,' Henry said. A copper penny is worth more than other pennies - now mostly made of zinc - currently priced at 0.024. So, Lutes stopped marketing the coin, and added it to his personal collection where it has remained until now. But its not just any and all pennies, Henry is only interested in those that are dated from 1982 and earlier because those are the coins made with 95 percent copper. All pennies struck in 1943 were zinc coated steel.” Treasury Department about the coin only to receive their standard reply: “In regard to your recent inquiry, please be informed that copper pennies were not struck in 1943. With that, Lutes was sorely disappointed when he contacted the U.S. “Despite the mounting number of reported finds, the Mint steadfastly denied any copper specimens had been struck in 1943.” “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,” according to the auction house’s website. At the time, it was even falsely reported that Henry Ford would give a new car to anyone who could provide him with one of the rare cents. Lutes came across the coin at a time when people across the country were eager to get their hands on one of the rare copper pennies. Copper Coin Face Value 0.01 USD Mintage 2,147,483,647 1958 was the last year that Lincoln Wheat Pennies were minted, bringing to an end a coin that had been struck for 50 years and saw two world wars, the invention of the TV and computer, and sweeping social changes. RELATED: Peeps Is Offering a Few Fans the Chance to See Inside Their Factory for the First Time Ever-Here’s How to Win Mint led to the creation of just a handful of copper pennies, which mixed in with the flood of zinc-coated steel coins being sent out. So, in 1943, Lincoln pennies were made of zinc-coated steel to preserve copper. At the beginning of 1943, a limited number of copper pennies. During World War II, cooper was needed for wartime necessities like bullets and wire. In 1943, pennies were made of zinc-coated steel because copper was needed during World War II.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |