Often people take pennies as normal change, which is lying in a glass jar or lost in the corners of drawers. But do you understand that some vintage and uncommon pennies may be so precious that they can make you wealthy?
Many coin creditors maintain seeking out such rare coins and as quickly as they discover a precious penny, they preserve it safe in the series. For this motive, some particularly valuable penny coins are slowly disappearing from everyday transactions.
In this article, we will let you know approximately nine such rare and treasured pennies, that are now very hardly ever seen and whose rate can be in lakhs.
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1. Error of 1943: The Bronze Lincoln Penny
Considered one of the maximum profile errors, the 1943 Bronze Lincoln Penny is the problem of a good deal interest in U.S. Coin history.
Instead of minting pennies with copper zinc over steel, America government decided to mint pennies completely in metal to shop copper for the duration of World War II. However, some coins were accidentally minted onto old copper planchets.
In 2023, an MS-62 grade copy bought for $282,000. Due to the extraordinarily low quantity of this coin, it’s far nearly impossible to discover.
2. 1909-S VDB Lincoln Penny – The First Lincoln Penny
The 1909-S VDB Lincoln Penny became the primary coin within the Lincoln Penny series. It has the initials “VDB” (Victor David Brenner) engraved on its reverse.
Only 4,84,000 coins had been minted, making it extremely rare.
In 2022, a copy in MS-67 grade offered for $1,44,000.
Due to its history and rarity, this coin is rapidly disappearing from regular transactions.
3. 1914-D Lincoln Penny – The Coin With the Lowest Minting
The 1914-D Lincoln Penny was released with only 1.1 million coins.
Most of these coins were used for a long time, leaving very few in high quality.
In 2023, a coin graded MS-65 sold for $120,000.
They are being bought rapidly by collectors, making this coin very rare now.
4. 1922 No “D” Lincoln Penny – Coin without Mint Mark
The 1922 No “D” Lincoln Penny is an interesting error coin. It was minted at the Denver Mint, but due to over-polishing of the die the “D” mint mark disappeared.
In 2021, this coin graded MS-63 sold for $100,000.
Due to its extreme rarity, this coin is only found in museums and private collections.
5. 1931-S Lincoln Penny – Lowest Minted Coin
The minting of the 1931-S Lincoln Penny was limited to only 8,66,000 coins.
The ones that are available in high quality have become very valuable.
In 2022, a copy of the MS-66 grade sold for $95,000.
Due to the low numbers, this coin is now almost extinct.
6. 1955 Doubled Die Lincoln Penny – Most Famous Error
The 1955 Doubled Die Lincoln Penny is one of the most famous error coins in the world of American coins.
The doubled image of “LIBERTY” and the date can be clearly seen on this coin.
In 2023, a coin graded MS-65 sold for $75,000 at auction.
This coin is extremely popular among collectors and is no longer seen in common transactions.
7. 1909-S Lincoln Penny (Without VDB) – Coin of Historical Significance
There was also a version of the 1909-S Lincoln Penny that did not have the “VDB” initials.
It had a minting of only 1.8 million coins, but it is extremely rare in high grades.
In 2022, a copy graded MS-66 sold for $60,000.
The coin’s historical significance makes it popular among collectors.
8. 1926-S Lincoln Penny – Available in Limited Numbers
The 1926-S Lincoln Penny had a minting limited to only 9,50,000 coins.
Most of these coins were heavily used, leaving very few left in high quality.
In 2021, a copy in MS-66 grade sold for $65,000.
Its rarity makes it extremely valuable to collectors.
9. 1911-S Lincoln Penny – Limited Edition
The 1911-S Lincoln Penny had a minting restrained to 4 million coins.
However, it has grow to be extraordinarily tough to discover in excessive grades.
In 2023, a coin in MS-66 grade sold for $55,000.
Due to its historical importance and restricted numbers, collectors are snapping it up rapid.
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Why are these penny coins disappearing?
- Collector Demand: Collectors instantly recognize rare coins and keep them safe in their collections.
- Hoarding: Once the value of a penny increases, people start keeping it as a collection or investment.
- Low Mintage & Errors: Coins made in small numbers or with errors are naturally rare.
- Historical Significance: Coins related to historical events are always the first choice of collectors.
Can You Find One of These Rare Pennies?
Although these coins are usually hard to see in normal transactions, if you search for old coins you may find a priceless penny.
If you find a penny with an odd design, misprint or other unusual marking, have it checked out by an expert it could change your luck!
FAQs
What makes the 1943 Bronze Lincoln Penny so valuable?
It was mistakenly struck on bronze planchets instead of steel, making it an extremely rare and valuable error coin.
Why are collectors hoarding these pennies?
Collectors hoard rare pennies due to their historical significance, rarity, and potential for value appreciation over time.
Can I still find these rare pennies in circulation?
While unlikely, searching coin rolls, estate sales, and old collections may yield a valuable discovery.