What is the 1.7 million dollar penny?

The first 1943 copper cent was sold in 1958 for more than $40,000. In 1996, another went for a whopping $82,500. But those sales pale in comparison with the latest: this week, a dealer in New Jersey sold his 1943 penny for a staggering $1.7 million.

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Which penny is worth 1.7 million dollars?

A 1958 Lincoln, Doubled Die Obverse cent sold in a GreatCollections auction has become the first Lincoln cent and first non-gold 20th century coin to sell for more than a million dollars.

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What is a 1943 penny worth 1.7 million dollars?

The value of coins varies and depends on factors such as low mintage, condition, grade, and production errors. In 2010, the 1943 Steel penny traded for an all-time record of 1.75 million USD during an auction.

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Is a 1943 copper penny worth 1.7 million?

The 1943 copper pennies are one of the most valuable coins. At auctions, the average price of a 1943 copper penny ranges from as low as $100,000 to $250,000 in average condition. At PCGS (Professional Coin Grading Service), the graded 1943 copper penny can be valued from $1 million to $1.5 million.

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What bronze penny sold for 1.7 million?

A one-of-a-kind 1943 U.S. penny accidentally struck in copper rather than zinc was sold by a New Jersey dealer in 2010 for $1.7 million, with the proceeds given to charity. The new owner is a Southwestern U.S. business executive who wishes to remain anonymous.

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1.7 Million Dollar Penny The Most Valuable Penny In The World

31 related questions found

What is Australia's rarest pennies?

The title of Australia's rarest penny, while many think it's the 1930 penny, actually goes to the ones made at the Melbourne Mint in 1945. Featuring Thomas Humphrey Paget's effigy of King George VI and the jumping kangaroo reverse, only four pennies were produced at the Melbourne Mint that year.

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What Australian penny is worth a million dollars?

Only 3,000 of the regular 1930 pennies were made and were only released directly through the Royal Australian Mint's visitor program and not put into circulation. “It is the holy grail and they can sell [for] up to $1 million,” The History of Money said.

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What is the rarest penny in the world?

1) 1944 Steel Wheat Penny - $408,000. 2) 1943 Copper Wheat Penny - $250,000. 3) 1856 Flying Eagle Penny - $25,000. 4) 1873 Indian Head Penny - $10,000.

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What penny is worth $50000?

The 1959 D Lincoln Mule Memorial penny remains one of the most controversial and rare coins. Though not graded, it remains one of the rarest coins. The penny is worth about $50,000. 1959 pennies you need to look for!

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How much is a 1943 Australian penny worth?

An Extremely Fine coin with traces of mint red might be worth $20, almost uncirculated coins worth perhaps $50-$75. A full red uncirculated 1943 penny from the Melbourne, Perth, or Bombay Mint is worth up to $250.

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What copper penny is worth $1000000?

A 1943 Lincoln penny that soared in value because it was made from the "wrong" material reportedly has sold for $1 million. The penny was erroneously made of bronze instead of zinc-coated steel at the San Francisco Mint, according to UPI news agency.

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What pennies are worth $100000?

1943 Wheat Penny (back)

There was still material left in the mint presses from the 1942 production so they accidentally made one batch out of copper. Only about 20-40 of those pennies are out there. A used one, as most are, can net you from $100,000 – $500,000.

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What penny sold for $2.5 million?

One of the rarest pennies cost a Beverly Hills man a pretty penny. At an auction last Thursday, Kevin Lipton shelled out $2,585,000 for the Birch Cent, a penny made in 1792 that is named after its engraver, Robert Birch. It's the most money ever paid for a one-cent piece.

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Why is the 1944 penny rare?

The 1944 wheat pennies are no longer in production. Other than that, some have rare errors. These errors make them desirable to collectors. Additionally, the penny is entirely made of copper.

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What's the Holy Grail penny?

The 1943 Lincoln penny is made up of copper and has been described as the "most famous" coin made in error, according to Heritage Auctions, which is auctioning off the coin. Only 20 were ever made and for years the U.S. government denied its existence, but one coin was found by Don Lutes Jr.

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Why is a 1943 penny worth so much?

If your 1943 penny is made out of copper, it is worth quite a bit of money, generally $10,000 or more! The reason is that the 1943 copper penny is an error coin. The United States Mint accidentally used the wrong planchet metal when striking the coin. But very, very few of these left the U.S. Mint facilities.

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What penny is worth $300000?

The 1943 bronze Lincoln cent is considered to be the most famous error coin made by the U.S. Mint and could be worth more than $300,000.

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What year penny is worth $100000?

A Rare 1943 Wheat Penny In Your Coin Jug Could Be Worth $100,000 or More. To say that I was excited when I found a 1943 Wheat penny in an old coin collection would be an understatement.

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How much is a 1930 Australian penny worth?

However, they are nowhere near as valuable or rare as the 1930 Penny. An average condition 1925 Penny would be valued in the range of $100 - $150. An average condition 1946 Penny would be valued in the range of $50 - $60. An average condition 1930 Penny can be a $15,000 - $20,000-plus proposition.

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What is the most expensive Australian penny?

The 1930 penny is one of the rarest Australian coins, due to a very small number being minted, and holds the record as the most valuable copper penny in the world. It is highly sought after by coin collectors, and a 1930 penny in very fine condition can be worth A$45,000 or more.

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How do you know if a penny is worth money?

Watch for low mintage years like 1955-S, 1939-D, 1933-D, and 1931-S. Depending on condition, rarer pennies are worth more. Look for all-copper pennies. Old pennies made before 1982 are 95% copper, which gives them an inherent metal value.

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What are the 25 most valuable pennies?

Coin Trackers lists these 25 pennies as the most valuable:
  • 1944 Steel Wheat Penny - $408,000.
  • 1943 Copper Wheat Penny - $250,000.
  • 1856 Flying Eagle Penny - $25,000.
  • 1924 S Wheat Penny - $12,000.
  • 1873 Indian Head Penny - $10,000.
  • 1858 Eagle Penny - $10,000.
  • 1857 Flying Eagle Penny - $7,000.
  • 1922 D Wheat Penny - $6,000.

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What Australian pennies are worth keeping?

Most Valuable Australian Coins
  1. 1930 Proof Penny. If you thought that valuable coins had to be made of precious metals, think again. ...
  2. 1923 Proof Halfpenny. ...
  3. 1920 Square Penny Type 9. ...
  4. 1852 Type 1 Adelaide Pound. ...
  5. 1953 Proof Perth Penny. ...
  6. 1855 Sydney Mint Sovereign. ...
  7. 1922-21 Overdate Thruppence. ...
  8. 1899 Proof Half Sovereign.

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How much would 1 million pennies be?

A million pennies equal $10,000. There are 100 pennies, or cents, in each US dollar.

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What is the most wanted rare $2 coin in Australia?

A new $2 coin commemorating the end of the Vietnam War has skyrocketed in value and is now selling for up to $1,200 online. The Royal Australian Mint released two $2 coins earlier this month to commemorate 50 years since the end of Australia's involvement in the Vietnam War.

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