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. Still don't understand why that would make it super-valuable?
The standard value for 1 million pennies is $10,000 dollars, but these are not standard pennies.
A rare Australian penny dubbed the 'King of Coins' has sold to a Sydney collector for a record price of $1.15 milion, after being one of only six made. South Yarra coin dealer, Coinworks announced the sale today, saying the sale confirms the value of the Proof 1930 Penny as Australia's most valuable coin.
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.
Now the standard value for one million pennies is $10,000, but these copper pennies were made before World War ll. The U.S. started making pennies out of zinc-covered steel in 1943 when copper was needed for the war. The pennies were found in boxes, crates and sacks.
Answer and Explanation:
There are 100,000,000 pennies in one million dollars. To find the number of pennies in a million dollars, think first about the number of pennies in one dollar. There are 100 pennies in one dollar.
The coin, known as the "Birch Cent," was made in 1792, months after the one-cent denomination was first authorized by Congress, according to the auction house Stack's Bowers Galleries. It was made in a trial run for the penny, and depicts Lady Liberty.
If you ask a coin collector, “what is the rarest Australian coin?”, they would likely say the 1930 penny. While not technically correct, 1930 pennies are prized possessions amongst collectors. Known as 'the coin not meant to be struck', they were minted during a tumultuous time – in the middle of the Great Depression.
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.
The 1943 bronzed Lincoln penny is described as “the most famous error coin in American numismatics,” CNBC Make It pointed out, and the odds of finding one are not in your favor. One that's been circulated could sell for $150,000 to $200,000, but prices can fluctuate significantly.
An Australian penny from 1930 has sold for $59,415 at auction. The penny is considered one of the rarest in existence due to its low mintage. Only 1,500 of the pennies were put into circulation.
"The 1930 penny is considered a numismatic superstar, with its value only rising and its significance deeply established in Australian history, a once by-product of economic depression is now a symbol of prosperity, the ultimate cherry on top for any coin collector," Mr Hames said.
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.
Doubled die coins occur when the metal die used to make coins is incorrectly struck twice, resulting in all coins minted with that die appearing double-struck. A report from Reuters notes that a rare 1792 American penny sold at auction for $2.6 million in 2015.
LOS ANGELES (KABC) -- A family's lucky find is bringing them a nice payday. Earlier this month, John Reyes told Eyewitness News he and his wife found 1 million pennies while cleaning her father's home in Los Angeles. Reyes now says the pennies have been sold.
As Fortune reported, in 2010, a different 1943 penny created with a bronze planchet sold for $1.7 million. "This lot represents a true 'once in a lifetime' opportunity," said Heritage Auctions, which estimated it could sell for $170,000 or more.
1964 Perth pennies in PCGS MS65RB have sold for as much as $2,600 through online auctions. This coin here, priced at only $350, is good value by comparison. Equal-finest red-brown example graded by PCGS (5/16). For more information about penny values, please visit this link.
How Much is the 1946 Penny Worth? In average condition the 1946 penny retails for around $50, while better examples in uncirculated condition are worth upwards of $2000. Although the 1946 penny is the 3rd rarest coin in the penny series, it is reasonably readily available in average condition.
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.
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.
An extremely rare 1930 Australian penny has sold for $60,000 at auction, breaking an Australian record. The coin went under the hammer over the weekend and was bought by a Western Australian bidder.
According to Cointrackers.com, certain pennies that were minted in 1943 and 1944 top the list of the 25 most valuable pennies for coin collectors in 2023. The 1944 steel wheat penny could be worth as much as $408,000 in mint condition, and up to $10,000 in average condition, the site said.
The 1959-D wheat penny is one of the most controversial mule coins ever. It's worth $50,000! Here's everything you could possibly want to know about the 1959-D penny error!
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. Texas Rangers co-chairman Bob R.
1943 Copper Penny $1.7 Million
Later in 2010, the same coin was sold for $1,750,000. The unique-D 1943 copper cent holds the record for the highest price. PCGS graded the coin as an MS64 Brown penny.