Where to find 2018 pennies

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Penny's Hill. Others do it with the intent to sell these coins for a profit. Even the penny. Like most coins, the United States penny has seen multiple designs and compositions over the years, and some pennies, especially when carefully stored, are worth far more than the face value of one cent.

Standards have been developed to evaluate coins. A modified version of the Sheldon Scale , which grades coins on a scale from 1 to 70 with 70 being the most valuable , is commonly used. For most pennies, those minted in recent years are worth, well, a penny. Most wheat cents wheat pennies were minted between and are worth about 4 to 5 cents.

Those in better condition can have double-digit value. Special examples especially those in near perfect condition can be worth much more. The open and closed designations refer to the amount of space in the number "3" on the coin, depending on which variety of the numeral was used in the die. One of these with a red-brown coloration and in almost uncirculated condition sold at a Heritage Auction in Pittsburgh in October The Flowing Hair large cent was produced starting in The Liberty Cap style was the third version of the Flowing Hair coin.

It was introduced late in and was produced until when it was replaced by the Draped Bust type. Because of its rarity, even with smoothed surfaces, this one sold on eBay in January f or a lot of money. One or more damaged die at the Denver Mint resulted in coins struck without a mint mark. While most coins without a mark are from the Philadelphia Mint, Denver was the only mint to strike pennies in It is believed that about 15, to 20, coins were produced in this way.

The image on the reverse is sharper than that on the face since the die used for the reverse was a fresh one. This one appears to be uncirculated and properly stored to avoid wear and retain its bright copper-red color. This penny is another "mistake. This stray planchet created a great rarity treasured by coin collectors, and they are willing to pay handsomely to add this coin to their collection. In , the Indian Head penny was replaced with the Lincoln cent. Brenner added his initials V.

Up to this point, coin designers used only the first initial of their last name. To have all three initials on a coin's design was unheard of. Slightly less than a half-million of these pennies were minted before the Treasury Department demanded that the initials be removed. This created an overnight sensation among coin collectors, and this penny has come be known as the "Holy Grail" for collectors of Lincoln pennies. An Indian Head penny is a scarce coin but can readily be found at any coin show or coin dealer in circulated grades.

Slightly more than 4 million of them were minted. However, financial hardship of the time including the economic downturn following the "Panic of " meant that few people were able to save coins for their collections. As a result, most of these pennies went into circulation.

What makes this coin extremely rare is its exceptional condition that combines a nearly flawless coin with a sharp strike from a fresh set of coin dies. Additionally, it has been sufficiently well preserved to retain its original bright red-copper color. This coin was first discovered in and was reported by Coin World on the front page in its July 8, edition.

Originally, the government believed that these were counterfeit coins and began confiscating them. Five coins were confiscated and destroyed before they were acknowledged as being genuine. This penny exhibits doubling on the date and lettering on the obverse. Although the doubling is not as dramatic as that of the doubled die obverse, it is plainly evident with low-level magnification. These coins in circulated condition are also valuable, but uncirculated coins are extremely rare.

On the surface, there is nothing visually spectacular about this coin. While it is uncirculated and retains its original copper-red color from the day it was minted, it is the date and mintmark combination that sets this coin apart from all others.

One factor that contributes to this coin's significant value is its extremely low mintage. Only nine other Lincoln wheat pennies have a lower mintage. Also, in the s and 40s, most coin collectors acquired their coins from circulation, so it is not hard to find a circulated example of a S Lincoln penny.

But it is extremely rare to find an uncirculated S Lincoln penny with its original copper-red color. This is the rarest date of all the Indian Head pennies ever minted. In , the economic slump that began in continued with full force.

Demand for United States coinage was at an all-time low, and families struggled to make ends meet. Saving even a penny for a coin collection was not an option for most Americans.

Although the S Indian Head Penny has a smaller mintage, more of them were saved in uncirculated condition. To hold an Indian Head Penny in uncirculated condition is an extreme rarity given the poor economic conditions of that year.

To have one in its original copper-red color makes it that much more extraordinary. Coins Signature Auction. This coin was heavily circulated and was commonly subjected to the widespread use of "penny boards" in the s and 40s, which people use to collect coins from circulation. As a result, a majority of the D Lincoln pennies are in circulated condition.

An uncirculated example in its original mint state red color is extremely rare and valuable. In , the Civil War was dragging on, and the United States economy was extremely fragile.

Many citizens hoarded gold, silver, and copper coins as a store of wealth. This made is difficult for the federal government to obtain the metal needed for minting coins. The Indian Head penny was designed by mint engraver James B.

Longacre and was first issued in Beginning approximately halfway through the mintage of pennies, an "L" was added to the tail of the ribbon in the war bonnet on Lady Liberty's head.