Lincoln Portrait

Lincoln Portrait

Have Old Coins? Will Collect!

Will collect old coins that is. Old coins can be found anywhere. Try looking under your old dresser, or try the attic where grandma or grandpa’s things may be stashed away patiently waiting for you to discover them. Who knows, you might find an old coin there. An old coin – at today’s rate – may be worth a few dollars. It is even possible an old coin could be worth three, four, five, or even ten times what the coin was worth back then.

A penny a day, is worth okay

Fortunately, for coin collectors, there was a shortage of copper during 1943 and all pennies made in 1943 were minted using steel. Several Lincoln pennies were incorrectly minted on bronze that turned out to be blanks. A few years – or decades later -these bronze pennies turned out to be rare and are now valuable. The steel ones were more common and are worth between one to three dollars each. This is a lot more than the face value of a penny.

However, be aware because there are schemes where fraud artist will sell to a gullible coin collectors old coins that are copper plated in an attempt to pass these pennies off as bronze. Also, keep your guard up anytime someone offers you a circa 1943 penny made out of a metallic white alloy.

Old coins are good coins

Old coins, specifically the silver dollars made and circulated between 1878 and 1935, are worth anywhere from twelve dollars to twenty-five dollars for the circulated coins. Coins that were not placed in circulation are worth considerably more. These coins are classified as mint condition

Meantime, quarters, dimes, or half dollar coins made and circulated prior to 1965, are usually made out of ninety percent silver and are worth as much as today’s silver prices. This adds an additional premium to the value of these old coins

Wrong pennies are right

There is a Lincoln penny issued in 1972 where the date and the letters on it appear to have been doubled. This rare coin is currently worth about sixty dollars, if the pennies are in standard condition. The Philadelphia Mint in 1972 accidentally misaligned the die used in minting the coins causing the portrait of Lincoln to look like it was doubled. Fortunately, for coin collectors, eighty thousand of these were circulated before the error was discovered.

In summary, coin collecting is similar to collecting bits of history and trivia from the past. In addition to the face value of and old coin, its value as a treasure – pennies, dimes and coins – often are worth a lot more in value as the coins age. Therefore, when you see a coin dated prior to 1965; take a special look at it as it might be worth more than its face value. To learn more about coin collecting check out this website: http://www.coin-collection.me/ .