NGC Certifies Lutes Discovered 1943 Bronze Cent

by CoinNews.net on August 14, 2018 · 3 comments

Numismatic Guaranty Corporation (NGC) has certified the most famous of all mint errors, the Don Lutes, Jr. Philadelphia 1943 Bronze Cent.

1943 Bronze 1C NGC Au 53 BN Don Lutes Jr. Discovery Specimen - Obverse

1943 Bronze 1C NGC Au 53 BN Don Lutes Jr. Discovery Specimen – Obverse

This legendary coin was the first discovery of a 1943 bronze cent, which is considered by many to be the King of Mint Errors.

The Lutes specimen is now graded NGC AU 53 BN and will be on display at the ANA World’s Fair of Money in Philadelphia, August 14-17, 2018.

All 1943 cents were supposed to have been struck on zinc-coated steel planchets to save precious copper for more critical wartime production needs. In prior years, cents were struck on planchets made of bronze (95% copper and 5% zinc).

1943 Bronze 1C NGC Au 53 BN Don Lutes Jr. Discovery Specimen - Reverse

1943 Bronze 1C NGC Au 53 BN Don Lutes Jr. Discovery Specimen – Reverse

Before long, rumors circulated that Ford Motor Company would offer a new car in exchange for a copper penny dated 1943. This bit of whimsy had an unanticipated effect: in 1947, a newspaper reported that someone had indeed found a 1943 cent coined in bronze: 16-year-old Donald Lutes, Jr. of Pittsfield, Massachusetts. Lutes, a coin collector himself, had found his example in change from the school cafeteria.

While the numismatic community debated the merits of the Lutes report, the placement of another 1943 bronze cent at the 1958 ANA convention auction (this one discovered by Marvin Beyer sometime after the Lutes discovery) received nationwide attention. The interest only increased after Beyer pulled his coin from the sale at the last minute, which resulted in a lawsuit.

This media attention prompted Lutes to seek confirmation of his coin’s genuineness. He loaned it to prominent numismatic researcher and authenticator Walter Breen in 1959, and Breen declared unhesitatingly that the cent was real.

Over the years since 1947 the legend of Lutes’ 1943 bronze cent has only grown. It was never offered for sale, and the numismatic community was not able to see this amazing specimen until recently. Now elderly and living in a nursing home, Lutes has finally decided to pass on his prized discovery coin to a new owner: the coin, now certified by NGC, will be sold by Heritage Auctions.

A lustrous and glossy brown, the Lutes Discovery Specimen is just faintly worn and is among the more attractive of the 17 Philadelphia 1943 bronze cents that have since been confirmed. The NGC certification label features the pedigree "Don Lutes, Jr. Discovery Specimen," preserving this coin’s important place in numismatic history.

"Like so many other young coin collectors growing up in the 1970s, there was always the dream of finding a 1943 copper cent," said David J. Camire, NGC Grading Finalizer and a mint error expert. "This coin, for me, is certainly the ‘Holy Grail’ of mint errors. Rarely today does a discovery piece come to market, after all these years, still in the possession of the original owner. A ‘dream coin’ to many, soon someone will become only the second owner of this legendary rarity."

Heritage Auctions President Greg Rohan added:

"NGC’s expertise in error coins is well-known in the numismatic community. After conferring with the consignor, the decision was clear to submit the coin to NGC."

The Lutes Discovery Specimen will be on display at the NGC booth (#1417) at the ANA World’s Fair of Money from August 14 until noon on August 16. It will then be displayed at the Heritage Auctions booth (#711) through August 17. Heritage will offer the coin in a future auction.

For information about NGC and its grading services, visit www.ngccoin.com.

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Elizabeth Edwards

I have a 1956d with everything on front but nothing on back at all how much is it worth? I also have 1920 with L in liberty missing how much is it worth

Munzen
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Munzen

This really isn’t a “what’s it worth?” site, but anyway … the 56D sounds like either a post-mint alteration, or less likely an error that happened when two blanks entered the press feed at the same time. The first has no added value but the second alternative could carry a premium. However the only way to tell is to have the coin weighed and inspected.

As far as the 1920, it’s most likely a so-called filled die error that happened when some grease or other crud got into the recess that creates the “L” when the coin was struck; alternatively it could be the result of just plain old wear after ~100 years. Filled-die errors are of interest to error-coin collectors but they’re so common on Lincoln cents that only a few (e.g. the 1922 “plain” cents struck at Denver) carry more than a modest premium.

Seth Riesling
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Seth Riesling

This NGC label is missing one thing: “Mint Error”. They charge you extra for those two words on the label, so this major rarity should have that on it.

-NumisdudeTX