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.

The coin sold is known as a "Pattern" version, as it was presented as a prototype, but never went in to production. It is the first time that any of the Pattern coins have come up for auction. Commenting on the record price, a spokesperson for the auction house, AH Baldwin and Sons said: "No other bronze coin has ever come close. The coin was bought by a private collector. It is not known whether it will be kept in the UK, or taken abroad.

Why is 1933 penny rare

By creating an account, you are agreeing to the Terms of Service and the Privacy Policy. The Lincoln penny is an iconic piece of American coinage that has a place in history and in the hearts of most every collector. The Lincoln penny is desirable not only due to its age and historical significance, but also due to the scarce number remaining. Being that the coin was minted so long ago, there will only ever be fewer available. This is why collectors will do anything they can to get their hands on these coins. Being that these coins were first minted all the way back in , their condition is never a sure thing. For this reason, collectors want to have all of their coins graded. To make a long story short, the process of grading culminates with a trained professional assigning a one or two word grade that does well to describe the precise condition the coin is in. Below will be an outline with the different coin grades as well as what they mean. Uncirculated: A coin that is graded as being Uncirculated is one that never spent any time exchanging hands. These coins will appear exactly as they did the day they were minted.

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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.

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Why is 1933 penny rare

By creating an account, you are agreeing to the Terms of Service and the Privacy Policy. The Lincoln penny is an iconic piece of American coinage that has a place in history and in the hearts of most every collector. The Lincoln penny is desirable not only due to its age and historical significance, but also due to the scarce number remaining. Being that the coin was minted so long ago, there will only ever be fewer available. This is why collectors will do anything they can to get their hands on these coins. Being that these coins were first minted all the way back in , their condition is never a sure thing. For this reason, collectors want to have all of their coins graded. To make a long story short, the process of grading culminates with a trained professional assigning a one or two word grade that does well to describe the precise condition the coin is in. Below will be an outline with the different coin grades as well as what they mean.

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This is why collectors will do anything they can to get their hands on these coins. A nice starting value is found in Philadelphia cents. Regards, Gerry. Cross, Middleton, near Leeds. Weekly Deals New Reductions. All Rights Reserved. In , however, there were only two different types minted. Email Required Name Required Website. A collectible grade and mint, in a premium grade. A low relief area separates these forming the hair line. Or Return to Log in. Indeed, people have spent a lifetime sifting through their coins in a vain attempt to find one. Hair details along the forehead are somewhat faded. Legends separated from the rim is a plus.

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Check Order Status. A natural look lends eye appeal and is favored in the market. Fine Grade: Moderate wear with major design elements remaining defines a wheat penny in Fine grade. All Rights Reserved. Thank you. The reason so few were produced was that the Royal Mint had a surplus of penny coins in , and did not need any more in the following year. For this reason, collectors want to have all of their coins graded. The Lincoln penny is desirable not only due to its age and historical significance, but also due to the scarce number remaining. Proceed through the value process of inspecting: Date Mint Mark Condition. Coin Info Cents.