![]() The rarity of a coin like any other item in the world makes it exclusive and drives up demand. The main ones are the rarity of the coin, the material it was made from, the purpose of the coins or what it is associated with and finally the condition of the coin at the point of its sale. Several factors may drive a coin’s value to stratospheric values. Such coins are what drive most famous coin collections and grab attention for the prices they fetch at auctions. Here are 10 of the most valuable South African coins: With that in mind, I decided to build my top ten list of the most valuable coins in South Africa. There are times where rare South African coins appreciate so much that they become worthy investment tools. This article originally featured on Fox News.Most of the time, coins are usually priced based on their face value which is not often a lot. The auction is ongoing and is slated to end on Jan. “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 in comments obtained by SWNS. 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. ![]() 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. 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. ![]() Over the years, he received offers for the coin and eventually even inquired with the U.S. 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.Īt the time, Lutes, who was 16, had heard of the rumour about Ford, but when he was later told it was false, kept the coin for himself in his collection. 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. 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.Īlmost as soon as the pennies were pressed, rumours began to emerge that some copper cents had made their way into circulation. 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. We have compiled a roster of all specimens certified by the two leading grading services below, including an unknown number of resubmissions and crossovers.” “PCGS CoinFacts estimates the surviving population at no more than 10-15 examples in all grades. “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, Fox News reported. government denied its existence, but one coin was found by Don Lutes Jr. Only 20 were ever made and for years the U.S. ![]() The 1943 Lincoln penny is made of copper and has been described as the “most famous” coin made in error, according to Heritage Auctions, which is auctioning off the coin. A penny that a Massachusetts teenager found in his change from lunch money could be worth as much as $1.65 million (£1.3 million) when it is auctioned off.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |