One of these coins was sold in 2019 for the astronomical sum of $ 200,000.
It might sound like a hoax, but it’s true. A penny, the kind that is often looked down upon by some people, could be worth thousands of dollars. But in this case it is a small batch of rare penny species.
They are between fifteen and twenty copies of pennies that were minted by mistake in copper instead of zinc-coated steel, which was what was used during World War II, since the so-called “red metal” was used to make ammunition for combat .
One of these coins was sold in 2019 for the astronomical sum of $ 200,000. The bidding was organized by Heritage Auction and held at the annual convention of Florida United Numismatists, the largest numismatics congress held annually in the US.
The history of the coin in question dates back to 1947, when Don Lutes, then a 16-year-old student in Pittsfield, Massachusetts, discovered the coin in the change he received in the school cafeteria. The young man decided to keep it, aware after several consultations with experts of its rare value.
Lutes, an enthusiastic lover of numismatics, fell ill and then passed away in September 2018. It was then that his family decided to put the species up for sale, the authenticity of which was supported by numismatics experts, but which the US government refused to validate.
An estimated fifteen of these rare coins have turned up so far. (I)
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