![]() But this compensation does not influence the information we publish, or the reviews that you see on this site. ![]() This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. The offers that appear on this site are from companies that compensate us. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional. Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence. We are an independent, advertising-supported comparison service. She is also the co-author of "The Geek Gap" and vice president of the American Society of Journalists and Authors. Minda Zetlin is a freelance writer covering business, money, tech and collectibles. You never know, one of your pennies could be worth the price of a nice dinner - or a whole lot more. With so many rare coins out there, being a "penny pincher" might not be such a bad thing after all. Additionally, they can help get your coin certified by a grading service and guide you through the entire selling process. Some auction houses offer free evaluations. If you think you've found a valuable penny, Stone suggests consulting a professional. If you think you've found a 1943 Bronze Lincoln, the Mint suggests testing it with a magnet first. Heritage auctioned a similar one - in slightly lower grade - for $186,000 earlier this month," he said.ĭue to its value, some counterfeits were created with steel cores. "A nice circulated example, like Lutes' coin, could sell for around $150,000 to $200,000. Stone estimates that 15 to 20 are known to collectors today, although it's possible that there are a few that have not yet been accounted for. Today, the 1943 bronze Lincoln cent is described as "the most famous error coin in American numismatics" - and the odds of finding one are astronomically against. "The few bronze coins that were struck went unnoticed and got released into circulation." At least, that's what was supposed to happen.Īs fate would have it, "some of the old bronze planchets got stuck in the big tote bins that the Mint used to feed the coin presses at the end of 1942," he said. Mint switched to making pennies from zinc-coated steel planchets, instead of the usual bronze coin blanks, Stone explained. In order to preserve copper for the war effort, the U.S. "The most valuable Lincoln cent sold privately in 2010 for $1.7 million," said Stone. Only a handful of these bronze pennies have been discovered, including the one found by Lutes.
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