Thro these years, the House of the Currency has issued millions of banknotes and coins of all denominations, mostly with their nominal value only; however, during the printing and coding processes errors occurred that have caused some of these pieces to currently be worth thousands of dollars in the auction market.
For collectors, the world of numismatics is fascinating; however, to enter it is necessary to have certain knowledge, since in the case of coins and banknotes, its value may be related to multiple factors, but among the most important is the rarity of the piece, the year of quoting, its state of conservation, whether or not related to events, places or historical characters or its demand in the market.
For example, the most ancient copies mostly have imperfections and errors that today can make the piece worth up to $100,000 dollars, as in the case of the Lincoln One Penny coin in bronze version of 1943.
According to Heritage Auctions, the 1943 Lincoln coin is one of the “most famous” mistaken pieces in U.S. history and the reason is that its production took place during World War II. Previously, centavos were coined in zinc-coated steel, as copper was used for war purposes; however, by mistake, a limited amount of centavos was produced in copper.
That difference between the other copies has so far attracted the attention of collectors, who are willing to pay thousands of dollars for one of those pieces.
Until now, one of the highest transactions made in buying a copy of these was at a 2010 auction: a 1943 Lincoln bronze penny was sold for $1.7 million, according to Heritage Auctions coin catalog David Stone.
According to the Professional Coin Classification and Certification Service (PCGS), it is estimated that there are at least about 20 copies of these coins; they are authentically copper, so one way to identify if you have one is to test it with a magnet; if the piece does not stick, it is likely to be authentic. What is always recommended is to authenticate it with an expert before buying or selling one.
