Currently there are many specialized collectors in the United States (USA) who are willing to pay high sums to obtain “rare” pieces of money.
This is the case of the following 1-cent dollar coin that can be auctioned for the high figure of $421,000.
It is no secret that numismatics enthusiasts – the study of coins and other monetary units, as well as the valuation and collection of special coins – are on the hunt for certain specimens considered unique.
On this occasion, it is a certain antique piece, from the year 1919, which has certain particular characteristics, as reviewed by the portal of La Nación.
Now, it should be clear that certain collector coins or banknotes are often valued for a variety of specific factors.
This means that, in effect, not just any coin has a value beyond its denomination.
Coins that are considered special by collectors must have one or more of the following characteristics:
- Rarity: For example, their low quantity in existence, their age, or the reason for their creation (a historical event).
- State of conservation: The better preserved they are, the more money they can be worth.
- Minting details: Some coins or banknotes have minting errors.
What you should know about the valuable 1919 1-cent coin
This particular cent is part of the representative “Lincoln cents”, but this series of specimens in particular are often called “Wheat Pennies”.
This is because on the reverse there are two ears of wheat, a symbol of prosperity, together with the words “One Cent” and “United States of America”.
In general they look like this:
- On the Obverse: It has a portrait of Abraham Lincoln with the inscriptions “In God We Trust”, “Liberty” and the year 1919.
- On the reverse: It features two ears of wheat around the words “One Cent” and “United States of America”.
These coins circulated until 1958, when it was replaced by the image of the Lincoln Memorial, and although many are still in circulation, only certain versions are highly valued.
- These are those specimens in “uncirculated” condition and with completely red surfaces (an indicator of their excellent conservation), as they are extremely rare.
That is to say, those classified under the conservation status MS69RD (Mint State 69 Red).
- Those minted at the Philadelphia Mint, which bear no mint mark, are the most valuable.
- Others in this series also boast significant values and can be sold for more than 40 thousand dollars.
