Coin Collection

The best location to begin collecting could be with pennies, we will focus around the Lincoln Cent for your decades 1909 through 1958, which are the Wheat Cents. You'll find still a variety of "wheat cents" showing up in circulation, so it can be possible to begin a coin collection with out spending a fantastic deal of funds.

Though you might be searching your pocket alter for "wheat cents", be sure to check for silver coinage and of course verify those quarters. Then new 50 State Commemorative Quarters are a extremely great location to commence since you can discover five new states every single 12 months plus the various mint marks.

Acquiring again to pennies, which is where we wish to start off our new collection. The initial Lincoln Cent was minted in 1909 and was manufactured of copper. The mint continued to make pennies from copper until 1943, when for this yr only, they were created of steel and zinc plated to stop them from rusting. These coins appear to be silver or gray in color due to the plating. The pennies had been produced of metal due to a copper shortage brought on by the war, but they resumed making use of copper in 1944. Between 1909 and 1958 the penny featured Lincoln around the obverse (front with the coin) as well as the words "ONE CENT" over "United States of America" framed by bundles of wheat on each and every side of your words, there by obtaining the descriptive name of "Wheat Cents". This is how the penny is called for that a long time 1909-1958. Other than a minor alter within the composition of your metal which was 95% copper, 5% tin and zinc until 1943 once they have been zinc plated steel, and then 1944 till 1958 when they have been 95% copper, 5% zinc and no tin.

The Penny remained the same for 50 many years. It was designed by Victor David Brenner, whose initials appeared to the reverse, of some, of your coins minted that initial yr. You will find two varieties with the 1909, some have the VDB around the reverse, (back again of coin) in the bottom of your coin on the 6 o'clock position, and others do not. The pennies had been minted at Philadelphia, Pa. and San Francisco, Ca. The pennies from San Francisco have a tiny "s" beneath the date although the Philadelphia cash have no mintmark. The cash to watch for are the ones with mintmarks; this applies to all coins not just pennies. The value of coins is greatly based on rarity and with all the Philadelphia mint becoming the largest of the mints; it was natural for them to produce the greatest variety of coins. There's also a mint in Denver, Co. and a mint, which had been closed by this time in Carson City. The Denver mint put a small "d" beneath the date and on older coinage of other sorts you will discover the letters "CC" for Carson City.

Mint Marks are Essential, discover to watch for them.

Back again to pennies, in 1909 when the initially Lincoln (wheat cent) penny was manufactured, they minted 72,702,618 in Philadelphia without the need of the designers, Victor David Brenner, initials. They produced 27,995,000 along with the VDB over the reverse from the penny. This identical yr, 1909, San Francisco minted 1,825,000 without the need of the designer's initials and 484,000 along with the initials VDB on the reverse in the bottom from the coin. So now for your economics lesson of supply and demand and how it affects price. If you had a 1909-penny in "good" issue it could be value about 75 cents, in "mint" situation it would be valued at about $14.00. In case you had a 1909 with VDB about the reverse in "good" issue, it could be well worth about $1.80, in "mint" problem ( I can't explain this ) the value is about $9.00 ( the only apparent reason for that penny with the lower mintage becoming value less in mint problem then the plain 1909 in mint issue, will be that in numismatic records kept by the grading services, you can find probably a lot more 1909 VDB's on record than plain 1909's) In the event you had a 1909s in "good" issue it truly is really worth $37.00, in "mint" ailment about $120.00. Now in case you have been lucky sufficient to find a 1909s with all the initials VDB about the reverse in "good" problem it's well worth $350.00 and in "mint" situation it really is well worth $680.00 or much more. Not poor for a penny.

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