"The few bronze coins that were struck went unnoticed and got released into circulation." At least, that's what was supposed to happen.Īs fate would have it, "some of the old bronze planchets got stuck in the big tote bins that the Mint used to feed the coin presses at the end of 1942," he said. Mint switched to making pennies from zinc-coated steel planchets, instead of the usual bronze coin blanks, Stone explained. In order to preserve copper for the war effort, the U.S. "The most valuable Lincoln cent sold privately in 2010 for $1.7 million," said Stone. They are located just minutes west of Chicago in Schaumburg, you can bring them in to their secure showroom environment and get them evaluated.īring your coins to The Jewelry & Coin Mart, 757 West Golf Rd, Schaumburg, IL (One block west of Higgins at Salem Plaza). Or, call us for an appointment,(847) 839-9500.Only a handful of these bronze pennies have been discovered, including the one found by Lutes. They are Life Members of the American Numismatic Association and offer the services of PCGS Professional Coin Grading Service and NGC Numismatic Guarantee Corporation. The Jewelry& Coin Mart is a world-class dealer in coins and currency so you can be assured your coins will be priced by a knowledgeable buyer. ![]() Visit an established business with a reputable history in their community. Get credentials! Take your coins to a reputable dealer to determine their correct value. Stay away from flea market vendors or some guy working out of his basement in his home. Remember that for a coin to have value it must either be made of precious metal, be an error coin or a low mintage coin. Go thru your current coins – you may find hidden gems right in your change jar! Knowledge is Power Because it takes years for coins to rise in value, you should add some coins to your collection each year so the next generations can continue to own a rising investment thru coins. Then, each person who inherits the collection will have some coins to save and some coins to sell. ![]() If you’re interested in collecting Then you have to start now. Instead of just an heirloom, you should look at those coins and see if they’re a great investment! Coins only get more valuable each year they are stored away unused not getting scratched up with use, so the value is almost guaranteed to go up if they are in excellent condition.Īmerican Eagle - American Gold - How Do You Make Money With Coins? 1926 Sesquicentennial of American Independence Half Dollar BU Uncirculated Coin Collecting Spans GenerationsĬoin collecting is more than a $10 Billion dollar a year industry in the United States alone, and about $100 Billion each year across the world. It’s a great way for older generations to share something meaningful with younger generations. Maybe you remember Grandma and Grandpa digging out those old, faded books to show the grandkids those faded coins. The trend continues today as coins often get passed from generation to generation – do you know the value of what you have? The Jewelry & Coin Mart can tell you! Coins Can Be A Great Investmentĭo you remember those large blue books everyone had in the 1960’s and 1970’s to collect silver dimes, quarters and silver dollars? Lots of people had these and many were adding them to part of a bigger coin collection. ![]() There are lots of old coins floating around out there and some of them may be in your house! Oftentimes, people inherit coins from grampa and store them away in a drawer but some of them maybe worth hundreds, if not thousands, of dollars. Rare penny sells for $1.15 million at Schaumburg auction – see link below for full story
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