Category Archives: Coins

Holy Grail Found: Rare Penny Might Be Worth $1.7M After It Was Found In Boy’s Lunch Money

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

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. Only 20 were ever made and for years the U.S. government denied its existence, but one coin was found by Don Lutes Jr. in his school cafeteria in March 1947.

“Despite relentless searching by eager collectors over a period of more than 70 years, only a handful of legitimate specimens have ever been discovered,” Heritage wrote on its website. “PCGS CoinFacts estimates the surviving population at no more than 10-15 examples in all grades. We have compiled a roster of all specimens certified by the two leading grading services below, including an unknown number of resubmissions and crossovers.”

In the 1940s, copper was considered a strategic metal, largely because of World War II, as it was used to make shell casings, telephone wire and other wartime necessities. To preserve the metal, 1943 Lincoln pennies were made of zinc-coated steel, but a tiny fraction of the pennies put into circulation wound up using copper.

Almost as soon as the pennies were pressed, rumors began to emerge that some copper cents had made their way into circulation. The frenzy had become so heightened that it was speculated that car magnate Henry Ford would give a new car to anyone who could give him one of these copper pennies, though that speculation was later proven false.

“Stories appeared in newspapers, comic books, and magazines and a number of fake copper-plated steel cents were passed off as fabulous rarities to unsuspecting purchasers,” the auction house added on its website. “Despite the mounting number of reported finds, the Mint steadfastly denied any copper specimens had been struck in 1943.”

The rumors of the copper penny, described as “the Holy Grail of mint errors,” were eventually proven true after it was found out that copper planchets – which are actually made of bronze – had become lodged in the trap doors of the mobile tote bins used to feed blank coins in the presses at the end of 1942. The planchets went unnoticed and eventually “became dislodged and were fed into the coin press, along with the wartime steel blanks,” Heritage wrote on its website.

Other genuine examples of the 1943 Lincoln copper penny have been found, including 10-15 from the Philadelphia Mint, a half dozen from the San Francisco Mint and one from the Denver Mint.

At the time, Lutes, who was 16, had heard of the rumor about Ford, but when he was later told it was false, kept the coin for himself in his collection. Over the years, he received offers for the coin and eventually even inquired with the U.S. Treasury about it, but was told that it was fraudulent, that “All pennies struck in 1943 were zinc coated steel” and eventually decided to just keep it for his collection.

Before the switch took place, a handful of cents were mistakenly minted in copper, making a 1943 Bronze Lincoln cent coin one of the most famous coins in U.S. history: 76 years later, the very first of these error coins ever discovered will make history when Heritage Auctions offers the rarity Jan. 10 in Orlando, Florida.

The 1943 zinc-coated steel pennies proved to be so unpopular with the public that they were eventually replaced with brass recovered from shell casings.

Lutes passed away in September and now the coin is going up for auction, where no one really knows what it will sell for, Sarah Miller of Heritage Auctions said. “This is the most famous error coin in American numismatics and that’s what makes this so exciting: No one really knows what it’s going to sell for,” Miller said 

The auction is ongoing and is slated to end on January 10.

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McDonald’s Unveils Collectible, Limited Edition MacCoin To Celebrate 50 Years of The Big Mac

To celebrate the 50th anniversary of the Big Mac, McDonald’s unveiled the MacCoin, a limited edition global currency backed by the internationally iconic Big Mac that fans across the world can get their hands on starting August 2 to share, collect or redeem. Beginning at lunch time on August 2, customers can receive a MacCoin with the purchase of a Big Mac at 14,000 participating restaurants across the U.S., while supplies last. Starting on August 3 through 2018, customers can redeem their MacCoin for a free Big Mac at participating McDonald’s restaurants in the U.S. and in more than 50 participating countries.

More than 6.2 million MacCoins will be distributed globally in more than 50 countries while supplies last. These commemorative coins feature five unique designs, each representing a decade of the Big Mac. Each MacCoin design pulls in elements from that time in history, nodding to art, music and pop culture, while the front-side of the MacCoin celebrates the 50th anniversary of the Big Mac. 

The MacCoin highlights:

– The ‘70s, showcasing the decade’s flower power
– The ‘80s alluding to pop art
– The ‘90s defined with bold, abstract shapes
– The early ‘00s specifically focusing on the technology that was at the forefront of the turn of the century
– The ‘10s MacCoin calling attention to the evolution of communication

In its 50 years, the legendary taste of the Big Mac has helped it achieve universal recognition and a lasting legacy. No matter where they live in the world, Big Mac fans recognize the two all-beef patties, special sauce, lettuce, cheese, pickles and onions on a sesame seed bun as the iconic burger with a flavor combination that’s just as craveable and delicious as the day it was introduced.

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United States Mint Unveils 2017 American Liberty 225th Anniversary Gold Coin

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Treasury Secretary Jacob Lew, Deputy Treasury Secretary Sarah Bloom Raskin and United States Mint (Mint) Principal Deputy Director Rhett Jeppson today unveiled designs for the 2017 American Liberty 225th Anniversary Gold Coin in the historic Department of the Treasury’s Cash Room.  The ceremony, led by Mint Chief of Staff Elisa Basnight, kicked off a year-long series of events in celebration of the Mint’s 225th anniversary in 2017.

“We are very proud of the fact that the United States Mint is rooted in the Constitution,” said Principal Deputy Director Jeppson.  “Our founding fathers realized the critical need for our fledgling nation to have a respected monetary system, and over the last 225 years, the Mint has never failed in its mission.”

The 2017 American Liberty 225th Anniversary Gold Coin design is unique in that it portrays Liberty as an African-American woman, a departure from previous classic designs.  The obverse (heads) design depicts a profile of Liberty wearing a crown of stars, with the inscriptions “LIBERTY,” “1792,” “2017,” and “IN GOD WE TRUST.”  The reverse (tails) design depicts a bold and powerful eagle in flight, with eyes toward opportunity and a determination to attain it.  Inscriptions include “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” “1OZ. .9999 FINE GOLD,” and “100 DOLLARS.”

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The obverse was designed by Mint Artistic Infusion Program (AIP) Designer Justin Kunz and sculpted by Mint Sculptor-Engraver Phebe Hemphill, while the reverse was designed by AIP Designer Chris Costello and sculpted by Mint Sculptor-Engraver Michael Gaudioso.

The 2017 American Liberty 225th Anniversary Gold Coin will be struck in .9999 fine 24-karat gold at the West Point Mint in high relief, with a proof finish.  The one-ounce coin will be encapsulated and placed in a custom designed, black wood presentation case.  A 225th anniversary booklet with Certificate of Authenticity will accompany each coin.

The 2017 American Liberty 225th Anniversary Gold Coin is the first in a series of 24-karat gold coins that will feature designs which depict an allegorical Liberty in a variety of contemporary forms-including designs representing Asian-Americans, Hispanic-Americans, and Indian-Americans among others-to reflect the cultural and ethnic diversity of the United States.  These 24-karat gold coins will be issued biennially. A corresponding series of medals struck in .999 silver, with the same designs featured on the gold coins, will also be available.

The Mint will announce additional information about the 2017 American Liberty 225th Anniversary Gold Coin prior to its release on April 6.

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Ally Lucky Pennies Placed In 10 U.S. Cities May Be Worth $1,000 Each

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Ally announced that it has placed Ally Lucky Pennies that could be worth $1,000 each in 10 cities around the country. The initiative seeks to demonstrate the importance of valuing every cent, while encouraging Americans to look for opportunities to save. The multi-city search invites people in these cities to be on the lookout for the 100 Ally Lucky Pennies, each of which is redeemable for $1,000.

Beginning Tuesday October 18, 2016, people in Austin, Texas, Charlotte, N.C., Chicago, Denver, Detroit, Los Angeles, Miami, New York City, San Diego and Washington, D.C. can try to find the Ally Lucky Pennies in their cities. When found, Ally Lucky Pennies can be redeemed online from Oct.18 through Dec. 31, 2016 at AllyLuckyPenny.com. Finders can enter the redemption code located on the back of the Ally Lucky Penny on the site to begin verification as a potential prize winner. Clues to Ally Lucky Penny locations and updates on those already found will be provided on social media throughout the campaign.

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“Ally’s Lucky Penny initiative is a great example of how we Do It Right for consumers by inviting them to be a part of the search, thus raising awareness and creating opportunities for new conversations about money,” said Andrea Riley, chief marketing officer. “We hope that people will have fun searching for Ally Lucky Pennies in their cities and that the campaign will inspire people to look at money in a different way.”

Ally interviewed passersby in some of the 10 participating markets and asked for their thoughts about picking up pennies off the street. The response was overwhelmingly one-sided. Ally Lucky Penny aims to influence perception around the value of a penny and cause consumers to think twice about leaving any money uncollected. The Ally Lucky Pennies placed in participating cities are slightly larger than a regular penny, with the Ally logo on the front and the number 100,000 on the back, signifying how many cents the Ally Lucky Penny could be worth.

“We believe every penny counts when it comes to saving, and it’s important for everyone to understand that routinely saving, even the smallest amounts, is important to generating wealth over time,” said Diane Morais, chief executive officer and president of the Ally Bank subsidiary. “As a relentless financial ally for our customers, we focus on offering customers competitive rates and minimal fees as a way to help their money work harder and incentivize good savings habits.”

To learn more about Ally Lucky Penny, and for clues and updates on the Ally Lucky Pennies and their locations, visit AllyLuckyPenny.com and follow the hashtag #AllyLuckyPenny on Twitter and Facebook.

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Harriet Tubman To Replace Andrew Jackson On The $20 Bill

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In a letter to the American people, Treasury Secretary Jacob J. Lew today announced plans for the new $20, $10 and $5 notes, with the portrait of Harriet Tubman to be featured on the front of the new $20.

Secretary Lew also announced plans for the reverse of the new $10 to feature an image of the historic march for suffrage that ended on the steps of the Treasury Department and honor the leaders of the suffrage movement—Lucretia Mott, Sojourner Truth, Susan B. Anthony, Elizabeth Cady Stanton, and Alice Paul.  The front of the new $10 note will maintain the portrait of Alexander Hamilton.

Finally, he announced plans for the reverse of the new $5 to honor events at the Lincoln Memorial that helped to shape our history and our democracy and prominent individuals involved in those events, including Marian Anderson, Eleanor Roosevelt and Martin Luther King Jr.

The reverse of the new $20 will feature images of the White House and President Andrew Jackson.

In his letter, Secretary Lew noted that the Bureau of Engraving and Printing will work closely with the Federal Reserve to accelerate work on the new $20 and $5 notes, with the goal that all three new notes go into circulation as quickly as possible, consistent with security requirements.

(The above image is not the official planned currency)

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Pop Culture Hobo Nickels By Paolo Curcio

Artist Paolo Curcio craves tiny bas-relief sculptures into coins—a traditional art form known as the hobo nickel. Curcio’s coins feature intricately detailed hobos, skulls and a variety of pop culture characters. Plastic castings of his works are available online

belalugosi Creature-from-the-Black-Lagoon  frankiek   spock

Shining Gizmo  ET-Penny

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