Ten Pennies Sell for $1.1 Meg, Announces GreatCollections

IRVINE, Calif. , Aug. 30, 2022 /PRNewswire/ -- Who says a penny isn't worth much these days? X century-old Lincoln cents sold at auction for a combined $1.1 1000000, according to GreatCollections (www.GreatCollections.com) of Irvine, California, the auction house that offered the valuable pennies.

This Lincoln penny, specially made by the United States Mint in Philadelphia in 1909, was sold at auction by GreatCollections of Irvine, California for a record $365,625. (Photo courtesy of GreatCollections.)
This Lincoln penny, specially made by the United States Mint in Philadelphia in 1909, was sold at sale by GreatCollections of Irvine, California for a record $365,625. (Photo courtesy of GreatCollections.)

The ten valuable erstwhile pennies were from a New York collector who carefully assembled his drove over 50 years.

"One of the ten, a first-twelvemonth of effect Lincoln cent from 1909 with designer Victor D. Brenner's initials, V.D.B., on the 'tail's side' sold for $365,625, a record toll for that money," said Ian Russell, president of GreatCollections. "Four other pennies dated between 1909 and 1915 and likewise in superb quality brought more $100,000 each."

The ten pennies were peculiarly struck proof coins made for collectors by the United States Mint in Philadelphia in the early years of the Lincoln cents. All are still in pristine, mint ruddy condition and recently sold for a combined total of $one,113,174.

"The coins were from a New York collector who carefully assembled his collection over a 50-year period of searching for the finest known coins of their kind. He won many awards over the years for his Scarlet Copper Drove," explained Russell.

The designer'due south initials at the bottom of the back side of the cents were removed shortly after the production of Lincoln cents began in 1909. They are now located on the front of the coins just higher up the rim beneath Lincoln'due south arm.

The 1909 5.D.B proof cent was authenticated and graded mint state ruby 67+ (on the numismatic grading calibration of 1 to 70) by Professional Coin Grading Service. It is tied for the finest known surviving example of less than ane,200 specially struck by the Mint in 1909, the centennial of President Lincoln's nativity.

"It is the male monarch of Lincoln proof cents," stated Russell.

About GreatCollections

GreatCollections, the official auction house of the American Numismatic Association, specializes in auctioning certified coins and banknotes, handling transactions from get-go to terminate. Since its founding in 2010, GreatCollections has successfully auctioned over one million certified coins, making information technology one of the leading certified money companies in the The states with almanac sales in 2021 exceeding $235 million. Ian Russell, owner/president of GreatCollections, is a member of the prestigious Professional person Numismatists Guild and a member of the National Auctioneers Association. For more than data almost GreatCollections, visit world wide web.greatcollections.com or call 800-442-6467.

Designer Victor D. Brenner's initials, V.D.B., were only on the 'tail's side' of Lincoln cents for a short time when they were first issued in 1909. This particular coin, a specially-made proof, was sold at auction by GreatCollections of Irvine, California for a record $365,625. (Photo courtesy of GreatCollections.)
Designer Victor D. Brenner's initials, V.D.B., were only on the 'tail'due south side' of Lincoln cents for a short fourth dimension when they were first issued in 1909. This particular money, a specially-made proof, was sold at auction by GreatCollections of Irvine, California for a record $365,625. (Photo courtesy of GreatCollections.)
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SOURCE GreatCollections