PCGS-Graded 1943 Bronze Lincoln Cent Sold For $1+ Million

by CoinNews.net on January 19, 2018 · 6 comments

Professional Coin Grading Service (PCGS) graded an extraordinary Lincoln Cent that was recently sold in a private sale for over one million dollars.

1943 Bronze Lincoln Cent PCGS MS63RD

1943 Bronze Lincoln Cent PCGS MS63RD

The bronze 1943 Lincoln Cent is the single finest known, with a grade of PCGS Mint State 63 Red. It will be on display at ANA’s Money Museum and again at the 2018 ANA World’s Fair of Money in Philadelphia, PA from Aug. 14 to 18, 2018.

"It’s always exciting when there’s another million-dollar coin sale," said Mike Sherman, Director of Education for PCGS. "It proves the rarity and value collectors place in these uncommon Mint Errors. This piece in particular is a beautiful example of a very rare and valuable coin."

In 1943, all three U.S. Mint branches produced hundreds of millions of Lincoln Wheat Cents in silver-colored zinc-coated steel to conserve copper for other uses during World War II. The U.S. Mint that year accidentally produced a total of 15 bronze cents, making this an extremely rare numismatic treasure. The opposite mistake was made in 1944, when the mint accidentally produced some steel cents using leftover plachets from the previous year.

Novice collectors often get this information confused, believing that their steel 1943 Lincoln Cent or their copper 1944 Lincoln Cent is valuable. These coins are common in average circulated grades, and only in pristine mint state are they collectible.

Since its founding in 1986, PCGS experts have certified over 38 million coins with a total market value of over $32 billion. For information about PCGS products and services, including how to submit your coins for authentication and grading, visit www.PCGS.com or call PCGS Customer Service at (800) 447-8848.

PCGS is a division of Collectors Universe (NASDAQ: CLCT).

{ 6 comments… read them below or add one }

Mouse January 19, 2018 at 8:30 am

What a treasure to own.

Mouse

Mark January 19, 2018 at 11:09 am

If the owner gets bored of it, I’ll gladly pay them double what it’s worth.

That’s just my 2 cents…

Joe C. January 19, 2018 at 11:20 am

Doesn’t look like MS63 to me. Weak strike with spots all over it. Maybe MS60 brown/red.

Lee Myles January 19, 2018 at 8:31 pm

How do you sale coins like this I have coins just like this

Seth Riesling January 19, 2018 at 11:38 pm

Very weak strike & lots of carbon spots for sure on this error coin. With at least 14 other similar specimens out there, they are not “worth” $1 million & he/she was a fool to pay that much. Of course, a private sale cannot be publicly verified & doesn’t count toward the record books. “Private Treaty” sales like this one are a scam for publicity only. But, some numismatists like to have bragging rights as having the top grade of a coin – the “mine is bigger than yours” syndrome! Mazel Tov big boy/girl. You are losing interest on $1 million per day & will undoubtedly sell at a loss as many ultra-rarities sold at a lose last year at public auctions or did not reach their reserve minimum bid on some of the rarest U.S. Mint coins. The PNG reported that the rare coin marketplace last year was way down from 2016. U.S. Mint sales of both bullion version coins to its Authorized Purchasers was down very sharply & their numismatic program sales were also down substantially. They are in crisis mode now for sure at the Mint according to insiders. Marketing department is brain storming to think of anything to create that may sell well, but they are totally out of touch with the customers they have left after losing 30% of their customer base since 2013. Sad! as Trump would say.

-NumisdudeTX

Bob Job January 20, 2018 at 9:57 am

A MS 63? With so many letters missing? The O in one is less than 50%. And what about the stains?

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