When an example as fine as this one crosses the auction block, it is certain to set record prices. The low mintage alone makes this coin extremely rare, but the brilliant colors that resulted from a coin being stored for years makes this coin extremely attractive to collectors.
This coin is the second example of a Lincoln cent that should have been struck on a zinc-plated steel planchet but was instead coined on a bronze planchet. There are six known examples of this error being produced at the San Francisco mint in This is the second-lowest number of Lincoln pennies on bronze planchets produced at any of the United States Mint locations. Since this coin exhibits evidence of circulation and must have exited the mint via regular distribution channels.
Coins that are in higher grades, come under suspicion that they may have been helped by a mint employee. This is one of the most exceedingly rare and intriguing Lincoln cents.
Not because of its date of minting, but because of its die variety. As opposed to the Doubled Die Lincoln Cent, where thousands of them are known, there are only three Doubled Die Lincoln pennies known to exist. It is unknown how only three examples got to leave the United States Mint facility in Philadelphia, but because all of them are in Mint State Red condition, it is speculation that they may have been smuggled out of the mint by an unscrupulous mint employee.
Regardless of how they got out of the mint, these exceedingly rare die variety Lincoln cents would be prized by any collector. In , Lincoln pennies were reverted to the original bronze alloy made of 95 percent copper and 5 percent tin. But two zinc-plated steel planchets somehow ended up in the coining press in the San Francisco mint.
One example circulated for a while before being picked up by a collector. This example is not only uncirculated, but it is extremely well preserved and shows a minimal amount of bag marks from the minting process. Additionally, it was extremely well-struck, as evidenced by the minutest details present on the coin. All of these factors together make this the second most valuable penny in the world.
Accidents can produce the rarest coins. When the U. It is estimated that fewer than 20 were released by each of the Philadelphia and San Francisco mints. Many of these coins exhibit wear from circulation. This is an indication that they were not "helped" by some unscrupulous mint employee.
But the rarest of all is this single known pristine example from the Denver mint. It is the most valuable Lincoln penny in the world.
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Continue to 13 of 16 below. Featured Video. What Are the Most Valuable U. At least, that's what was supposed to happen. As 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 ," he said. Today, the bronze Lincoln cent is described as "the most famous error coin in American numismatics" — and the odds of finding one are astronomically against.
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. Due to its value, some counterfeits were created with steel cores. If you think you've found a Bronze Lincoln, the Mint suggests testing it with a magnet first.
If it sticks, it's not copper. Doubled dies are created when the hub imprints an additional image onto a die — or stamp — causing some misalignment. Collectors refer to the obverse of a coin as the front or "heads" side — usually bearing a portrait. Also, look for the letter "S" right below the year , which means it was created at the San Francisco Mint.
Bucki estimates that 1, or less were made before the Mint discovered its error. Image credit: Heritage Auctions, HA. Most pennies minted that year have very definite spaces between those letters. This came about because in the s and early s, the Mint used different dies for producing coins for circulation and proof coins for collectors, explained Bucki.
But due to a mix-up, a proof die was used for the reverse of the coin before it was supposed to be used starting in It's likely that an entire run of , pennies were printed this way, he said.
The Indian Head penny design dates back to During the Civil War, the government had difficulty obtaining metal for coins, so halfway through , they switched from a copper-nickel mix to a bronze alloy.
In , the price of copper made a penny cost more than one cent to produce, so the U. Mint decided to reduce the size to what we now see. Prior to this, the coin was 19 millimeters in diameter, almost as big as the current nickel. The Flying Eagle design was only produced from to In , only 2, were made.
While the condition of this particular coin is not mint, this penny has the distinction of being the one that caused the U. Mint to admit that some pennies were mistakenly minted in bronze that year. In , a teen found this in his pocket change from a high school cafeteria. This is one of only 10 to 15 examples of these pennies known to exist, and this particular coin sold for the first time by Heritage Auctions in Florida, in January The first Lincoln pennies were made in The coins initially included the initials of the designer, "V.
After some complaints about their prominence, these initials were removed for future coins. While there are more than half a million pennies that include V. Only 1, of these proofs were struck before the initials were removed. This is another Lincoln cent that should have been struck on a zinc-plated steel planchet but was instead coined in bronze.
One of six known examples produced at the San Francisco Mint, it is said to be the "second-finest certified S bronze cent. A doubled die coin is the result of a minting error. On these coins, part of the image appears to be "double. This penny has a strong doubling of the wording on the face, and since only three of these coins are known to exist, it is extremely rare.
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