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Lincoln wheat pennies, produced from 1909 to 1958, had stalks of wheat engraved on the back before the look changed in 1959. But online hype has folks thinking some of the pennies are worth millions.
One of the few 2001-D Lincoln cent mule coins sold at auction through Heritage Auctions last year for six figures. It’s the fourth such coin to sell at auction.
According to Dave Sorrick, coin expert and collector at “In God We Trust, LLC.” in southwest Missouri, those who stand to initially benefit from the penny’s demise are coin collectors.
Lincoln wheat pennies, produced from 1909 to 1958, had stalks of wheat engraved on the back before the look changed in 1959. Online hype has some thinking some of the pennies are worth millions.
According to Al.com, “a 1943-D Lincoln Bronze Wheat Penny sold for $1.7 million in 2010 but is valued at $2.3 million in uncirculated mint condition.” ...
Indiana's coin shows a young Lincoln sitting on a log, reading a book. It's meant to depict his time in Indiana from 1816 to 1830. "The design on this coin captures this part of Lincoln’s life ...
The deal sounds too good to be true, such as a $1,000 coin selling for $200. Or, the price sounds way too high — such as a $40 coin being listed for $990,000.
The Nebraska Numismatic Association State Convention and Lincoln Coin Club annual show will take place from 9 a.m.-4:30 p.m. Saturday, March 4, at the Sesostris Shrine Center, 1050 Saltillo Road.
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