Published: Thu, January 10, 2019
Money | By Ralph Mccoy

Lucky Lincoln: Rare 1943 Penny Could Fetch Over $1 Million at Auction

Lucky Lincoln: Rare 1943 Penny Could Fetch Over $1 Million at Auction

A penny that a MA teenager found in his change from lunch money could be worth as much as $1.65 million (£1.3 million) when it is auctioned off.

At the height of World War II in 1943, copper was a strategic metal used to make shell casings, telephone wires, and other wartime necessities. He kept it in his collection for decades, but sold it before passing away in September.

A penny is only worth a cent, but not one found in MA in 1947.

So amongst the millions of "steel" pennies were a tiny number of "copper" cents that managed to quietly enter circulation.

The coin is one of around 20 Lincoln pennies printed with a copper-looking surface, Fox News reported.

"Despite the mounting number of reported finds, the Mint steadfastly denied any copper specimens had been struck in 1943", Heritage Auctions added, referring to the US Mint, which produces coinage for the US.

Lutes heard about the rumours of the coins and wondered if his was one of them.

Google Assistant Now Lets You Check Into Flights with Your Voice
Google notes that the Connect platform expands on the existing smart home platform to add more device types. At the moment, this will only be available for domestic flights in the U.S. operated by United Airlines.

Fox News’ Shep Smith provides immediate fact-check of Trump’s wall speech
Journalists, public figures, and more have taken to Twitter to call for real-time fact checking, as well as other precautions. Fox News posted a massive rating for Tuesday night's Presidential address. "They hope that'll hurt [Trump] in 2020", he said.

Todd Bowles close to finding a home on new-look Buccaneers staff
According to NFL Network's Ian Rapoport , the Buccaneers are signing Arians to a four-year contract with a fifth-year option. Former Jets head coach Todd Bowles is the top candidate to join Arians' staff as defensive coordinator.

A Lincoln cent from "the most famous" coin error in American history is being auctioned off for well over $100,000.

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.

Heritage Auctions will offer the coin from January 10-13 during its Florida United Numismatists Show in Orlando.

The auction is set to end January 10, 2019.

Don Lutes Jr. kept the 1943 copper penny he stumbled upon in his high school cafeteria seven decades ago in a safe behind a wall in his MA home. Those planchets went unnoticed when the bins were refilled with zinc-coated steel planchets in 1943, Heritage Auctions said. Over the years, after many inquiries and attempts to buy it, he contacted the US Treasury, but was told the coin was "fraudulent" and that all 1943 pennies were zinc coated steel, with no exceptions. When they became dislodged, they were printed and circulated with the millions of steel copies.

In 2010, a New Jersey dealer sold a similar 1943 copper penny for $1.7million. PCGS CoinFacts, which offers information to all collectors of U.S. coins, estimates that there are only 10 to 15 such pennies.

Like this: