Why is 1933 penny rare

The coin sold is known as a "Pattern" version, as it was presented as a prototype, but never went in to production.

A key variety to penny value is the "D" mint issue of Denver. Low production and lack of saving of these coins has created a premium variety. Proceed through the value process of inspecting: Date Mint Mark Condition. Secondly - Condition: Examples with light wear, indicating higher condition are uncommon and worth strong premiums. Listed by date and mint mark variety the chart further narrows value by the condition of the coin. Whether its many or a few coins, judging each individually is important to an accurate value.

Why is 1933 penny rare

Editor's note: this is the second part of a story by Jeff Starck about Depression-era coins that shouldn't exist but that were issued under strange circumstances. The article originally appears in the December monthly issue of Coin World. Indeed, people have spent a lifetime sifting through their coins in a vain attempt to find one. With banks awash in a sea of coins in the Great Depression, no pennies were produced in for general circulation. A custom of the time called for complete sets of coins of the current year to be buried under the foundation stones of new buildings. Consequently, three pennies were struck, in Proof, for buildings erected in that year, along with a small number of circulation examples to be kept by the British Museum and the Royal Mint Museum. The number of dated pennies is thought to be no more than six or seven. With no precise record of the number made, and with the coin having been struck to ordinary circulation standards, it seemed possible that one might turn up in everyday use, prompting a generation to search their change for the rare but ultimately elusive penny of As with the Australian penny and Canadian Dot cent, fakes of the penny abound, with forgers often altering dates on common coins. Other would-be pennies are actually pennies from elsewhere in the British realm, like Australia, British West Africa, Jersey, or Ireland.

Besides the circulation examples in the British Museum and Royal Mint Museum, another circulation example, held in private hands, was sold by Glendinings in Email Address.

The British Penny is, perhaps, one of the most famous coin rarities in the English-speaking world today — allegedly only seven coins were minted — specifically for the king to lay under the foundation stones of new buildings. So why do so many people claim to have a penny on their possession or to have seen one? Getting back to the rare British penny — there was no requirement for the Royal Mint to produce any pennies in because there were already more than enough in circulation. In fact, the Royal Mint had been steadily reducing its output since see table below. That said, requests were received for sets of coins dated to be placed under the foundation stones of buildings erected in that year, and the Mint obliged by striking a small number of pennies to make up these sets. The myth behind the reality was that people thought they could turn up in their change — a highly unlikely occurrence since these pennies were all buried beneath foundation stones. Around about that time and in the midst of a nationwide search for the missing penny, one of the original buildings — the Church of St.

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Why is 1933 penny rare

The British Penny is, perhaps, one of the most famous coin rarities in the English-speaking world today — allegedly only seven coins were minted — specifically for the king to lay under the foundation stones of new buildings. So why do so many people claim to have a penny on their possession or to have seen one? Getting back to the rare British penny — there was no requirement for the Royal Mint to produce any pennies in because there were already more than enough in circulation. In fact, the Royal Mint had been steadily reducing its output since see table below. That said, requests were received for sets of coins dated to be placed under the foundation stones of buildings erected in that year, and the Mint obliged by striking a small number of pennies to make up these sets. The myth behind the reality was that people thought they could turn up in their change — a highly unlikely occurrence since these pennies were all buried beneath foundation stones.

Luke noormets

Being that these coins were first minted all the way back in , their condition is never a sure thing. Its unlikely that your penny is a … but you never know!!! All Market Updates are provided as a third party analysis and do not necessarily reflect the explicit views of JM Bullion Inc. Harris All Rights Reserved. The seven known examples of the British circulating penny are located in:. Is there anything that could identify the the coin. Can you if this is genuine or just a fake. His forehead is very flat with little contour separating the hair line. Two major eras are noted for wheat cents, early years, all worth well above base value. A low relief area separates these forming the hair line. Uniform, bright color is displayed by this mint state penny. Thank you. It is not known whether it will be kept in the UK, or taken abroad.

A key variety to penny value is the "D" mint issue of Denver. Low production and lack of saving of these coins has created a premium variety.

The coin was bought by a private collector. Hi , Im am curious with this coz I have 1 of this penny coin. Compare your coin to grading images in the next section to help visualize its condition. For this reason, collectors want to have all of their coins graded. Luster remaining on both the forehead and uppermost parts of hair confirms a mint state grade. Generally speaking, these patterns are valued at half the price of a circulating penny. As values climb higher many additional factors are used to decide the grade and worth. Hair details along the forehead are somewhat faded. Low production and lack of saving of these coins has created a premium variety. So why do so many people claim to have a penny on their possession or to have seen one? Was it a fake, the 7th stolen coin or was it example 8? Date by Date In Depth Lincoln Penny Value Early Era to