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 1959 Penny
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starwarsgeek171
Penny Hoarding Member


USA
651 Posts

Posted - 10/31/2008 :  13:33:28  Show Profile Send starwarsgeek171 a Private Message
How rare is it to find a 1959 wheat penny? Also, how much is it worth.

horgad
1000+ Penny Miser Member



USA
1641 Posts

Posted - 10/31/2008 :  14:39:53  Show Profile Send horgad a Private Message
I would say that type of error would be highly improbable. It require the mint mistakenly switch half of a die set. Like oops I put in the 1959 obverse but forget to take out the 1958 reverse.

If you find one, it is probably fake. As far as I can tell, no examples of a 1959 wheat have been verified as real.

Edit: found this

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One place put the estimated value of the one known coin in existence at $25,000 with the caveat that they could not guarentee that it was real and the teaser that it would likely be worth $100,000 if ever proven to be real by matching it to a die.

In other words if you could find a 1958 penny that was struck with the same reverse die as the 1959, you just proved that it was struck with a real die at the mint.

Very interesting stuff...

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Edited by - horgad on 10/31/2008 14:58:30
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HoardCopperByTheTon
Administrator



USA
6807 Posts

Posted - 10/31/2008 :  21:56:45  Show Profile Send HoardCopperByTheTon a Private Message
quote:
Originally posted by starwarsgeek171

How rare is it to find a 1959 wheat penny? Also, how much is it worth.


I knew I should have looked at those before I sent them to you.

If your percentages are low.. just sort more. If your percentages are high.. just sort more.

Now selling Copper pennies. 1.6x plus shipping. Limited amounts available.
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just carl
Penny Hoarding Member



USA
601 Posts

Posted - 11/03/2008 :  08:04:02  Show Profile Send just carl a Private Message
Those are interesting stories for sure. I've heard so much about those possible types of coins existing but I wonder if those stories are like all the other odd ball ones in coin collecting.

Carl
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Computer Jones
1000+ Penny Miser Member



USA
1112 Posts

Posted - 11/09/2008 :  00:39:15  Show Profile Send Computer Jones a Private Message
They are a WHOPPING lot rarer than Wild Indians.
Rational Thinkers might just insist they don't exist.
If you happen to come across one you you could finance your coin hobby (fanaticism?) for several years.

There's profit if you melt things!!
8{>

Edited by - Computer Jones on 11/09/2008 00:45:58
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