Assignment In Brittany 1942 Copper

Source: Wikimedia Commons

We’ve seen people do some crazy things with pennies, but it turns out that there is a certain copper penny out there that could make you a small fortune of over $85,000 if you find it. As you may have heard, the current costs for creating a penny far exceeds the actual value of it. The reasons for this are because of the costs of production and the material of a penny. Currently, a modern penny is made out of mostly zinc. But for many decades, the penny was actually made out of other materials like copper. However, that changed in World War II. In 1943, the U.S. was in a bit of a copper shortage. It seems that copper was critically needed for the war effort. Any non-defense product that used copper, including pennies, needed to find a copper substitute. This change would help the U.S. win the war. At first, the U.S. Mint used glass to produce some pennies. Eventually, they decided to use steel to make the pennies in 1943. Although this seemed like a great idea, the Mint soon regretted using steel as an alternative for pennies. It turns out that people commonly confused steel pennies with dimes and they wreaked havoc on magnet-based vending machines. After the war ended, the Mint began to produce copper pennies again. However, in 1943, the Mint produced a few copper pennies. About 40 copper pennies were struck in 1943. One possible reason for this is because the copper plates were accidentally left in a few machines. While the 1943 steel pennies are worth a few bucks, the rare copper version is worth more. One report suggested that, depending on the condition of it, the 1943 copper penny can be worth anywhere from $60,000 to $85,000.

Copper Penny Counterfeits

12 of these pennies exist and a few of them are still in circulation, so it is worth keeping your eyes peeled for them. However, there are some fake versions of the 1943 copper penny out there. The counterfeit coins were originally introduced as a novelty item, but some have remained in circulation. The way to detect if your 1943 penny is made out of copper is by using a magnet. If the penny sticks to the magnet, it is made out of steel — not copper.

Source: Wikimedia Commons

Keep your eyes open for this rare penny — and you could be up to $85,000 richer if you find it.
(H/T: Little Things)

Two previously unknown 1943 "copper" cents and two other wrong-planchet errors were recently certified by NGC.

Numismatic Guaranty Corporation® (NGC®) has certified an extraordinary group of four 1942 and 1943 Lincoln Cents struck on the wrong planchets. Included in this group are two examples of the 1943 bronze (“copper”) cent, one of the most famous US error coins.

In 1943, the US Mint used zinc-coated steel for Lincoln Cents instead of the usual bronze (or “copper”) composition in an effort to preserve copper for the war effort. A small number of bronze planchets were nonetheless struck with these 1943-dated dies and escaped the Mint.

The 1943 bronze cents quickly piqued the interest of collectors, who were excited that something seemingly so mundane—a “copper” cent—could be so rare and valuable. Reports of finds in circulation added to the enthusiasm and high prices were soon reported.

This popularity has continued to the present day. In the 100 Greatest Mint Errors book, co-authored by NGC grading finalizer and error coin specialist David J. Camire, the Philadelphia 1943 bronze cent was ranked #4. It has been estimated that only 10-12 Philadelphia 1943 bronze cents exist, a figure that does not include the two specimens recently certified by NGC.

1943 Bronze Cent
NGC MS 62 BN
Click images to enlarge.
1943 Bronze Cent
NGC MS 62 BN
Click images to enlarge.

These two new discoveries were graded NGC MS 62 BN and NGC MS 61 BN. The former specimen, at MS 62 BN, ranks as the second-finest 1943 bronze cent certified by NGC. The latter is particularly interesting, however, because it is the only example known with a large die break on the obverse.

1943 Bronze Cent Obverse Die Break
NGC MS 61 BN
Click images to enlarge.
1943 Bronze Cent Obverse Die Break
NGC MS 61 BN
Click images to enlarge.

“1943 Lincoln cents struck on bronze planchets are one of the ‘Holy Grails’ of US numismatics,” says Camire. “It is very exciting to see two examples in a single submission, especially the unique example featuring the die break on the obverse.”

The submission of the two 1943 bronze cents also included two Lincoln cents struck on planchets intended to be used for foreign coins that were then being struck by the Philadelphia Mint. There was a 1942 cent struck on an Ecuador 20 Centavos planchet, which NGC graded MS 63, and a 1943 cent on a Netherlands 25 cent planchet that was graded NGC MS 61.

1942 Cent Struck on An Ecuador 20 Centavos Planchet
Mint Error NGC MS 63
Click images to enlarge.
1942 Cent Struck on An Ecuador 20 Centavos Planchet
Mint Error NGC MS 63
Click images to enlarge.

“It is extremely unusual to see wrong planchet error cents from this time period,” adds Camire. “Recent appearances of such errors are few and far between.”

1942 Cent On Netherlands 25 Cent Planchet
Mint Error NGC MS 61
Click images to enlarge.
1942 Cent On Netherlands 25 Cent Planchet
Mint Error NGC MS 61
Click images to enlarge.

This incredible group of coins was submitted to NGC by the family of former US Mint employee Albert Michael Pratt. The coins were brought to the West Hernando Coin Club coin show in January 2017 where they were shown to John A. Zieman Jr. of Z-man's Coins, who submitted them to NGC on behalf of the family. “NGC has a great reputation for being very consistent, has awesome customer service and very fast turnaround times. It was a no brainer that I submitted these coins to NGC,” says John Zieman. For more information about Z-man's Coins, visit zmanscoins.com.




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