Rare Coin Price News – 1944-S Lincoln Steel Penny is second most valuable ever penny with two galvanized cupping cups
AN INCREDIBLY rare coin earned its owner a huge payday after being sold at auction.
A rare 1944 Lincoln Steel Penny coin fetched a staggering $ 373,750 at auction when it went up for sale in Baltimore, Maryland in August 2008, according to Spruce Crafts.
The coin was preserved in incredible condition and showed minimal marks according to the website.
Its condition and a combination of other factors made the coin the second most valuable penny in the world.
It comes after a special penny with a special zinc coating that was once sold for over $ 100,000 in a Milwaukee auction.
Although over 430 million 1944 Lincoln pennies were minted at a Denver, Colorado mint, a 1943 steel planchet made its way into the coin press creating extremely rare 1944-D Lincoln pennies on a galvanized steel planchet.
One of those pennies was sold for $ 115,000 at a Heritage Auctions, Milwaukee, Wisconsin, ANA Signature Coin Auction in August 2007.
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DENVER-PENNY SPARKS BIDDING WAR
If you have that rare penny in your wallet, it could be worth $ 2,000.
The so-called D-Penny from 1969 shows the 16th President of the USA, Abraham Lincoln.
The D on this special penny, shown on the right under the year 1969, means the coin was minted in Denver.
A recent bid for the rare D-Penny on eBay earned more than 20 bids.
HOW MANY COINS WERE MINTED THIS YEAR?
There are currently billions of coins in circulation in the United States.
Figures from the United States Mint show that 11.2 billion coins were produced for circulation in 2021 so far.
HOW MUCH DOES IT GO FOR RARE COINS?
Two rare Abraham Lincoln pennies recently sold online, including one from 1992 for more than $ 25,000 and a 1909 coin with the initials VDB for nearly $ 1,500.
Other rare coins sold online include a three-legged buffalo coin for $ 1,400, as well as a Flying Eagle cent that sold for $ 11,128.
HOW TO SELL YOUR RARE COINS
Once you’ve determined that you have a valuable coin, you can sell the coin on eBay or through a specialized website such as Coinappraiser or USA Coin Book.
If you choose eBay, remember to set a reserve price that is higher or at least equal to the face value of the coin – otherwise you could lose money.
You also need to be aware that even if your coin is “sold” on eBay at a high price, there is no guarantee that the buyer will pay.
According to eBay terms and conditions, bidders enter into a “legally binding contract for the purchase of an item”.
However, there is no way to enforce this rule.
RARE SILVER SHILLING COIN, CONCLUSION: “A PHENOMENAL DISCOVERY”
The coin bears the initials NE for New England on one side and the Roman numeral XII for 12 on the other – for the number of pennies in a shilling.
A coin expert and metal detector in Warwick, Rhode Island, Jim Bailey, called the British shilling “a phenomenal discovery”.
“The coin has tremendous appeal,” Bailey said in October.
“Since there are only about 40 such coins, this specimen can be described as the most beautiful known.”
RARE SILVER ONE SHILLING COIN CONTINUED: “THE STAR OF THE COLLECTION”
James Morton, the auctioneer’s coin specialist, said the New England coin is the “star of the collection.”
“I could hardly believe my eyes when I realized that this was an excellent example of a New England shilling, minted by John Hull in Boston in 1652 for use as currency by early settlers in the Massachusetts Bay Colony “He said in a statement.
In 1652, Massachusetts made General Court Hull and his assistant Robert Sanderson, as the Boston mint master, responsible for the manufacture of North America’s first silver coins.
But the mint was considered treasonable by King Charles II and, according to a statement, closed in 1682.
RARE SILVER ONE SHILLING COIN FOR AUCTION THIS MONTH
A rare coin worth a dime when it was minted in New England in the mid-17th century could sell for around $ 300,000 when it goes up for auction in London this month.
The silver one-shilling coin was made in Boston in 1652 and, according to the Associated Press, is considered the best example of the approximately 40 still known coins of its kind.
According to a statement from the auction house Morton & Eden Ltd. from October it was recently found in the UK in a candy jar containing hundreds of older coins.
HOW TO CHECK HOW MUCH YOUR COIN IS WORTH
If you think you have a rare coin, you might be able to redeem its value.
The most valuable coins are usually those with a low mintage or flaw as they are considered the most valuable by collectors.
To check if your coins are worth something on eBay, search for their full name, select the “sold” list, then toggle the search to “highest value”.
It gives you an idea of how much money the coin will cost.