Pennies That Will Turn You Into a Millionaire
Amazing Facts:
The so-called rare coins may be secreted in your home
Pennies To be exact, Wheat Pennies that appear on the US circulation from 1909 to 1958 are known not only as mere coins. These are actually little parts of the history which are very important for all the collectors of coins. The only hallmark that is visible on these coins is two wheat stalks put on the back side of the coins. But do you know that some of these rare small change coins could cost as much as crores of rupees? Here are three such wonderful wheat pennies that can be worth roughly $99 million;
1. 1943 Copper Wheat Penny: Wartime Treasure
In 1943, due to the second world war the US Mint begin the process of manufacturing coins with steel principally in a bid to conserve copper. Yet, by some oversight some of the coins were produced in copper and this element transforms this coin in to a real gem.
- History: This coin symbolizes the situations in the lives of Americans in wartime.
- Value: A two cents copper wheat was sold at auction the same year 1943 was auctioned for more than $1.7 million.
- Rarity: Unfortunately there are few such coins in circulation, and it is regarded to be the most sought-after of all the coins in the world.
2. 1909-S VDB Wheat Penny: A Controversial Coin
The 1909-S VDB Wheat Penny is a key to the brand new wheat series of cent formed in San Francisco.SOmega as a prefix for the mint of location, with VDB as the minting master. Originally it had engraved on it the initials of the designer, Victor David Brenner, in the form VDB which proved to be unpopular later on.
- Controversy: Because of intense pressure from the public when they noticed the big letters of the word century on this coin, it was deemed appropriate to eliminate these letters.
3. 1955 Doubled Die Wheat Penny: One mistake that turned out to be pricey
Among all the types of coins the 1955 Doubled Die Wheat Penny is widely known for one mistake that happened at the time of its creation. This brings a likelihood of the date and other writing on the coin to become double.
- Rarity: For collectors this gallery is a goldmine due to this element of visual impact.
- Features: This coin means that even if a person makes a tiny slip, the value of the coin goes through the roof.
Why is the wheat pennies so valuable?
There are several reasons behind the high price of these coins:
- Rarity: Some of the coins that are scarce which have rare mintages relevant in the market include the 1943 Copper and the 1909-S VDB.
- Mint Mistakes: Common coins such as the 1955 Doubled Die, became valuable because of mistakes made during production, always command a premium.
- Historical Significance: Some of the coins bear historic dates in the American culture, and this makes the coins valuable.
- Condition: In general, the more worn or circulated a coin is, the less value it will hold, and thus Coins which are graded Mint state hold a higher value than normal coins.
- Value: Their value ranges between thousands of dollars to millions depending on which one it is.
- Features: This coin reveals politics in art.
Tips for New Collectors
If you want to collect wheat pennies, the following tips will be helpful:
- Identify important dates: As the 1909, 1943 and 1955 coins.
- Pay attention to mint marks: For instance, there are few “S” mint marked coins.
- Recognize mistakes: Some minting errors, including the doubled dies, help bring a higher coin price.
- Get professional grading done: This defines whether it is a rare coin or not and in turn its value.
- Store properly: Store your coins in special holders to avoid getting scratches or develop a layer of moisture on them.
Conclusion
Not only are wheat pennies a connection to the history of America but they are also a way to earn a few dollars. Whether you are an enthusiast collecting or just want a very special coin to start a collection with then wheat pennies are not only a great past time but also an investment in history.
Q.1. Copper Wheat Penny 1943 is valuable; that is why people are curious about the reason?
A. This coin exist while there was scarcity of copper as fuels the world war hence considered as one of the rarest coins in the world.
Q.2. Are all wheat pennies valuable or just the 1922 wheat penny proofs or are all proofs valuable?
A. However, the price of most wheat pennies is a few cents to a few dollars only. But sometimes its rare or accidental both can fetch ashigh thousand or millions of dollars.
Q.3. How can I find a 1955 doubled die in a penny?
A.The date and writing will be doubled as noticeable even without putting a magnifying lens on it.