Rare Coin Pricing News – Early 1900s Lincoln Pennies Selling For $ 1,175 Each As Experts Urged To Search Your Collections
RARE coins have the potential to turn pocket change into paycheck – with two cents recently sold for over $ 1,100 each.
The 1909 penny is considered valuable and unique.
Only 484,000 cents were issued with the initials VDB, according to Professional Coin Grading Service president Ron Gruth.
The initials “VDB” on the back of the coin, which mark the initials of designer Victor David Brenner, are what makes the coins so precious.
According to USA Coin Book, the 1909 coin is worth $ 917 in average condition and up to $ 2,222 if in “Uncirculated (MS-63). “
Other 1909 Lincoln pennies that have recently been sold include one for over $ 2,000 and another for nearly $ 1,500.
Read our rare coins blog below for the latest news …
WHERE ARE THE AMERICAN COINS STRIKE?
The United States has six currency factories. The Denver, Philadelphia, San Francisco and West Point sites are production facilities.
Headquarters are in Washington DC
There is also a bullion deposit at Fort Knox, Kentucky.
During the copper shortage, the US Mint produced pennies that looked a lot like dimes.
In 1943, pennies were created in zinc-plated steel.
WHEN WAS THE NATIONAL CURRENCY CREATED?
The Coinage Act of 1792 created a national currency to regulate currency in the United States.
At the time, the law started the newly created US dollar to be the value of the widely used Spanish silver dollar, saying it was to be the value of a Spanish laundered dollar.
WHY LIVING PEOPLE DO NOT APPEAR ON THE AMERICAN CURRENCY
In 1866, a federal law was enacted preventing the image of any living person from being imprinted on US money.
Lady Liberty first appeared on American coins, while the American eagle appeared on the reverse.
Presidents have traditionally been depicted on silver, dating back to 1909, when Abraham Lincoln became the first to appear on an American coin.
BLACK DEATH COINS FOUND IN ENGLAND
In June 2021, two rare gold coins were found by a person using a metal detector in the small town of Reepham.
The pieces date back to the 14th century, according to Smithsonian Magazine.
Both featuring Edward III, the coins are worth around $ 16,650.
IS YOUR CHANGE WORTH A FORTUNE?
If you think you have a rare coin, you could be of serious value.
The most valuable coins are usually those with a low mintage or error, as they are considered the most valuable by collectors.
MOST US MONEY IS ABROAD
Between half and two-thirds of U.S. currency circulation is currently held abroad, the Bureau of Engraving and Printing has estimated.
Several countries use and accept US currency as a method of payment, including Ecuador.
OLD PARTS ARE GENERALLY MORE VALID
Some pieces attract attention on the basis of their age.
Keep in mind that the coin’s value may depend on the quality and condition.
And any coin is only worth what someone else is willing to pay for it, so you’re not guaranteed to make change when you find an unusual coin.
The first animal to appear on an American coin was an eagle, in 1794.
After the eagle was a bison, which appeared on the nickel from 1913 to 1938.
HOW TO CLEAN RARE AND OLD PARTS WITHOUT DAMAGING THEM
Old coins should not be cleaned as it could reduce their value or worse, permanently damage them, experts said.
If you want to clean up a coin, think about one that has sentimental rather than monetary value or one that is not uncommon, they add.
And if you don’t know how to properly clean a part and want a second opinion, contact a parts expert before trying any of the following methods.
MINT CARSON CITY
A law was passed in 1863 to build a mint in Carson City because it was difficult to transport gold and silver through the Sierra Nevada mountains to the San Francisco mint.
The Carson City Mint was completed in 1869 and the first coins were minted with the year 1870.
For only 23 years, the Carson City Mint produced gold and silver coins.
For this reason, Carson City Morgan dollars are particularly scarce.
Make sure to check your spare change for these other rare coins.
A RARE SET OF DOLLAR COINS SELLS $ 3,045
A 13-piece Morgan Silver Dollar set sold for over $ 3,000 earlier this month.
This Carson City Morgan Silver Dollar coin set dates back to between 1878 and 1893, according to the seller.
The complete set includes the following parts:
- 1884 cm3
- 1885 cm3
- 1892 cm3
HOW TO KNOW IF A TICKET IS REAL: BLUE SAFETY TAPE
One thing that stands out about the $ 100 is its unique blue ribbon that runs vertically just to the right of Mr. Franklin.
This time, you don’t need to hold a light on the banknote to see it, as this vertical ribbon is clearly visible.
HOW TO KNOW IF A TICKET IS REAL: YEAR OF THE SERIES
But there is another clear way of saying the year of the bill series.
Somewhere on the invoice there will be a smaller print of the “Series” with the year number below.
On the $ 100 bill, it is located to the right of the orange bell.
HOW TO KNOW IF A TICKET IS REAL: LETTER AND NUMBER IN THE CORNER
You should also notice a letter and number in one of the corners of the invoice.
For example, a $ 100 bill has an “E” in capital letters next to a small font with the number “3” in the right corner of a bill.
HOW TO KNOW IF A TICKET IS REAL: FRONT PLATE AND REAR PLATE NUMBER
As you would expect, the faceplate number of any banknote is on the face of the note and the backplate number is on the back.
The faceplate number will look like the letter and number we have broken down above, with the difference that the faceplate has an additional number.
For example, the faceplate would read something like “E 52”.
The faceplate of the $ 100 bill is located above the “Federal Reserve Note” and to the right of the number “100”.
The backplate number can be found in the lower right corner of the ticket on the reverse side.
But if you don’t like any of these tricks, then there is always the Counterfeit Detector Pen.
HOW TO KNOW IF A TICKET IS REAL
There are several ways to check if a dollar bill is real to avoid being left out.
Whether you’re looking to spend them or hoping that your banknotes one day become a rare collector’s item, you’ll want to make sure it’s not a fake.
Using a counterfeit bill could lead to a maximum prison sentence of 20 years, according to federal law.
We explain how you can authenticate a banknote yourself, with the help of the US Secret Service.
We’ll use a $ 100 bill, with Founding Father and inventor Benjamin Franklin in the center as an example here.
WHAT WAS THE MONEY ACT OF 1792?
Passed by the United States Congress on April 2, 1792, this law established the dollar as the American monetary standard.
He also regulated the currency by creating the United States Mint.
PLACES TO LOOK FOR RARE PARTS: BANKS
Banks are often used to deposit or withdraw money, but did you know that they also give out coins?
What you need to do is ask your cashier for an envelope of pennies in exchange for an equal amount of money.
“This method was rather popular in the 1970s and 1980s because old silver coins could often be found mixed up in bank rolls,” Joseph Yaffe, co-owner of the precious metals dealer Gainesville Coins, told The Sun.
“Today, you may still encounter an occasional error coin while searching for coin rolls.”
If you can’t find anything rare, you can always deposit the coins into your account – so there isn’t much of a financial downside.
PLACES TO LOOK FOR RARE PARTS: YOUR HOME
While it may seem obvious, you might be surprised at how many unusual pennies you might have in your possession somewhere.
Check your piggy bank, your pockets, under your sofa or anywhere you might store money.
This method won’t cost you anything other than getting a little dirt or dust on your fingers.
HOW MANY PARTS IN THE UNITED STATES?
There are roughly $ 10 billion in coins in the cars, pockets, and homes of people across the United States.
WHY IS PRESIDENT LINCOLN FACING THE PENNY? PART 2
There are also reports that the Lincoln penny followed European tradition.
According to CoinSite, when a new monarch was installed, his bust or profile was facing the opposite direction from the person before him.
Because the figure of Liberty faced left on the Indian Hundred, you could say Lincoln is facing right to honor this tradition.
WHY IS PRESIDENT LINCOLN FACING THE PENNY?
Lincoln is believed to be facing right because sculptor Victor David Brenner based the penny design on a portrait of the president in which he faced right.
INVOICES ARE ONLY HUNDRED TO PRODUCE
The cost of producing invoices can range from around a penny to a little over a penny.
- $ 1 and $ 2 bills: 5.6 cents per ticket
- $ 5 bill: 11 cents per ticket
- $ 10 bill: 11.7 cents per ticket
- $ 20 bill: 10.8 cents per ticket
- $ 50 ticket: 12.9 cents per ticket
- $ 100 bill: 13.2 cents per ticket
A 520-YEAR-OLD PIECE FOUND IS “AMAZING TO IMAGINE”
The coin in question is known as the Henry VII Half Oatmeal or Penny Coin, the store reported, and is expected to be on display at the historic site for the 2022 tourist season.
“It is amazing to imagine that this coin was minted in England and was lost in Cupids over a hundred years later,” said Steve Crocker, provincial minister for Tourism, Culture, the Arts and Recreation on Wednesday, in a press release.
“It links the history of the first European explorations in the province and the beginning of English colonization. “