The Lincoln Wheat Penny was a significant US currency coin from 1909 to 1958. The coin has a portrait of Abraham Lincoln on the obverse side and two ears of wheat on the reverse side. Victor David Brenner designed the coin and it was the first US coin with the likeness of an actual person. … Read more
In the field of numismatics, certain mistakes render ordinary coins very rare and precious. One such instance is the 1983 Lincoln Penny with “Doubled Die Reverse” mistake. This scarce coin has sold for as much as $7,050 in an auction. Let us learn in this article what this mistake is, how to recognize it, and why it is significant to coin collectors. History and Features of 1983 Lincoln Penny In 1983, the United States Mint started producing the Lincoln Penny from a new alloy. The new coin had 97.5% zinc and 2.5% copper, whereas the previous coins were mostly copper. This was done to cut costs since the price … Read more
If you are a rare coin collector or occasionally go through your older coins, then this news is perhaps interesting to you. There is even a special Lincoln Wheat Penny, whose value has hit millions of dollars. Certain rare coins have sold for millions of dollars in an auction. Lincoln Wheat Penny: A Historical Coin … Read more