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.

UK Parliament votes to create financial obstacle to a 'no-deal' Brexit
Still, more have suggested the country leave without a deal and then negotiate a trade agreement. She is hoping new proposals on Northern Ireland will change enough MPs' minds to save the deal.

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.

Related Articles

  • French Cabinet Claims Italian Ministers, RT Share Similar Stance on Yellow Vests

    French Cabinet Claims Italian Ministers, RT Share Similar Stance on Yellow Vests

    Images of a policeman beating several protesters in the southern city of Toulon last Saturday have also been widely condemned. Leetchi initially defended its hosting of the fundraising, saying that as a platform it was required to remain "neutral".
    AC Milan chief Leonardo admits frustration with Chelsea target Higuain

    AC Milan chief Leonardo admits frustration with Chelsea target Higuain

    The Argentina worldwide has been linked with a move in the January transfer window, with Chelsea reportedly keen. Higuain was close to joining the Blues last summer, but ultimately went to AC Milan on loan from Juventus .
    CDC Reports Increased Flu Rates to End 2018

    CDC Reports Increased Flu Rates to End 2018

    This is important news since 185 pediatric deaths related to influenza were reported to the CDC during the 2017-18 flu season . Because the peak period came later this season, it is likely to extend to the middle or end of next month, he said.
  • Congo: Opposition Leader Tshisekedi Wins Presidential Vote

    Congo: Opposition Leader Tshisekedi Wins Presidential Vote

    And this is not the first sign of discontent between Fayula and Tshisekedi, which began even before the presidential elections . The largely peaceful election was marred by the malfunctioning of many voting machines that Congo used for the first time.
    Ranveer, Alia star in uplifting musical drama

    Ranveer, Alia star in uplifting musical drama

    Ranveer Singh , Alia Bhatt , Kalki Koechlin and Vijay Raaz star in " Gully Boy ", a story about the underground rappers of Mumbai. Prime Minister Modi posed for an epic selfie with the delegation and it is simply the picture to be treasured for decades.
    Bears DC Vic Fangio to become Broncos head coach

    Bears DC Vic Fangio to become Broncos head coach

    Denver completed its interview with Fangio on Monday, a day after the Bears were eliminated from the playoffs. Despite the experience and accolades, Fangio had hardly been considered as a head coach prior to January.
  • Manchester City thrash 3rd-tier Burton 9-0 in League Cup semifinal

    Manchester City thrash 3rd-tier Burton 9-0 in League Cup semifinal

    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".
    Jho Low rubbishes report China offered to bail 1MDB out

    Jho Low rubbishes report China offered to bail 1MDB out

    Mahathir's finance minister Lim Guan Eng said the government would study the allegations made in the Journal report. He pleaded not guilty and has consistently denied wrongdoing.
    'Roger Federer's ups and downs are normal. Djokovic.'

    'Roger Federer's ups and downs are normal. Djokovic.'

    Andy Murray is primed for a comeback while Roger Federer and Novak Djokovic are looking for their seventh Australian Open titles. Asked what Carter would think about his record tally of 20 Grand Slams, Federer broke down in tears and responded: "Sorry".
  • Lady Gaga Vows to Pull R. Kelly Collaboration From iTunes, Streaming Services

    Lady Gaga Vows to Pull R. Kelly Collaboration From iTunes, Streaming Services

    Kelly attorney Steve Greenberg slammed Foxx's decision to hold a press conference in a statement to the Chicago Tribune . She said that so far, families of two alleged victims have come forward.
    Trump threatens to axe emergency fire aid for California

    Trump threatens to axe emergency fire aid for California

    In a tweet, Harris noted that Californians endured the deadliest wildfire in the state's history previous year . While the President misspelled forest in his first tweet , he later sent a new tweet with the correct spelling.
    Freddie Kitchens has 'good chance' of being next Browns coach

    Freddie Kitchens has 'good chance' of being next Browns coach

    Per the report, several of the team's current assistants from the previous regime have already been asked to remain with the team. As for Stefanski, as the tweet says he's on his way back to Cleveland to talk to the Browns again about the position.