Rare coin found in boy's lunchbox worth $2.4 million

Rare coin found in boy's lunchbox worth $2.4 million

Bids for the coin is now at $100,000 but another 1943 copper cent was sold by a New Jersey dealer to an anonymous buyer for $1.7 million in 2010.

Lincoln pennies produced in 1943 were meant to be made from zinc-coated steel, but a handful of coins put into circulation used copper instead.

Giving up, Lutes reached the conclusion that the coin was worthless, but kept it in his coin collection nevertheless for the next 70 years.

Don Lutes, Jr., of Pittsfield, Massachusetts, found the bronze 1943 Lincoln cent in the change he was given at his school cafeteria in 1947, according to sellers Heritage Auctions.

"In regard to your recent inquiry, please be informed that copper pennies were not struck in 1943".

A penny is only worth one cent, but not this one!

Lutes came across the coin at a time when people across the country were eager to get their hands on one of the rare copper pennies.

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We could do better with one or two but the gulf of the two teams is far too much to comprehend. When Wigan put us out of the FA Cup last season I was sad. "He is so important".

A rare 1943 Bronze Lincoln cent coin acquired in Pittsfield, Massachusetts could fetch a pretty penny at auction. Zinc-coated steel plates were "considerably harder" than those used in earlier designs, so penny pressers had to strike the blank steel coin much harder.

But when Lutes contacted the Ford Motor Company, he was told the rumor was false. While the coin wasn't purchased off the auction block, it reportedly raked in $40,000 in a private sale shortly after.

Sarah Miller of Heritage Auctions told SWNS (via Fox): "This is the most famous error coin in American numismatics and that's what makes this so exciting". These few planchets went unnoticed when the bins were refilled with zinc-coated steel planchets in 1943.

And despite a growing number of reported finds, the Mint "steadfastly denied any copper specimens had been struck in 1943", Heritage Auctions wrote.

"They eventually became dislodged and were fed into the coin press, along with the wartime steel blanks". Today, we know there are surviving examples from all three active mints, including 10 to 15 from Philadelphia, half a dozen from San Francisco, and just one from Denver.

In 2010, a New Jersey dealer sold a similar 1943 copper penny for $1.7million.

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