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The most beneficial place to begin collecting would be with pennies, we will focus on the Lincoln Cent for the years 1909 by way of 1958, that are the Wheat Cents. You will discover still many "wheat cents" showing up in circulation, so it is actually attainable to begin a coin collection without spending an excellent deal of revenue.

Although you're browsing your pocket adjust for "wheat cents", you'll want to check for silver coinage and certainly examine these quarters. Then new 50 State Commemorative Quarters really are a quite great place to start since you are able to discover five new states each year plus the unique mint marks.

Finding back to pennies, which is where we wish to start off our new collection. The very first Lincoln Cent was minted in 1909 and was produced of copper. The mint continued to create pennies from copper until 1943, when for this year only, they were made of steel and zinc plated to prevent them from rusting. These coins seem to be silver or gray in color due to the plating. The pennies had been produced of steel because of a copper shortage brought on by the war, however they resumed using copper in 1944. Amongst 1909 and 1958 the penny featured Lincoln on the obverse (front on the coin) as well as the words "ONE CENT" over "United States of America" framed by bundles of wheat on every side with the words, there by obtaining the descriptive name of "Wheat Cents". This is how the penny is named for the years 1909-1958. Apart from a minor alter inside the composition in the metal which was 95% copper, 5% tin and zinc until 1943 when they had been zinc plated steel, and after that 1944 until 1958 once they had been 95% copper, 5% zinc and no tin.

The Penny remained precisely the same for 50 years. It was developed by Victor David Brenner, whose initials appeared on the reverse, of some, in the coins minted that initial year. You can find two varieties from the 1909, some have the VDB on the reverse, (back of coin) in the bottom in the coin in the 6 o’clock position, and other folks don't. The pennies had been minted at Philadelphia, Pa. and San Francisco, Ca. The pennies from San Francisco possess a modest "s" underneath the date while the Philadelphia coins have no mintmark. The coins to watch for are the ones with mintmarks; this applies to all coins not only pennies. The value of coins is greatly according to rarity and together with the Philadelphia mint getting the largest in the mints; it was natural for them to produce the greatest amount of coins. There exists also a mint in Denver, Co. and a mint, which had been closed by this time in Carson City. The Denver mint place a compact "d" below the date and on older coinage of other kinds you'll discover the letters "CC" for Carson City.

Mint Marks are Vital, learn to watch for them.

Back to pennies, in 1909 once the initial Lincoln (wheat cent) penny was created, they minted 72,702,618 in Philadelphia devoid of the designers, Victor David Brenner, initials. They created 27,995,000 using the VDB on the reverse of the penny. This very same year, 1909, San Francisco minted 1,825,000 without the designer’s initials and 484,000 with all the initials VDB on the reverse in the bottom on the coin. So now for the economics lesson of provide and demand and just how it affects price tag. If you had a 1909-penny in "good" condition it could be worth about 75 cents, in "mint" situation it will be valued at about $14.00. For those who had a 1909 with VDB on the reverse in "good" situation, it could be worth about $1.80, in "mint" situation ( I can’t explain this ) the worth is about $9.00 ( the only apparent reason for the penny with all the reduce mintage getting worth less in mint condition then the plain 1909 in mint situation, will be that in numismatic records kept by the grading services, you'll find most likely a lot more 1909 VDB’s on record than plain 1909’s) When you had a 1909s in "good" condition it really is worth $37.00, in "mint" condition about $120.00. Now in the event you were lucky sufficient to discover a 1909s using the initials VDB on the reverse in "good" situation it truly is worth $350.00 and in "mint" situation it really is worth $680.00 or additional. Not negative for a penny.

In all coin types and series there exists what are recognized as "key dates", for now lets just say they're crucial due to quite a few elements (another huge topic), but that they can be crucial in collecting coins of all sorts, not only pennies. The "key dates" for the Lincoln penny 1909-1958 are:

1909s

1909s VDB

1914d

1922

1931s

The semi-key dates, also worthwhile, but not as substantial because the "key dates" are: 1910s, 1911d, 1911s, 1912s, 1913d, 1913s, 1914s, 1915, 1921s, 1922d, 1923s, 1924d, 1926s, 1931d, and 1933d.

This takes you by way of the "wheat cents" 1909-1958, in addition to keys and semi-keys every series of coin has Error varieties, Die varieties, and double die varieties that are also worth greater than the popular date coins. These again are subjects in themselves but a short description is needed to produce you aware of what to look for in collecting coins.

Error varieties are any situation, which may have existed resulting inside a coin getting struck and obtaining into circulation in a situation of look to be apart from what was intended by the U.S. Mint. Simply mentioned if it looks various than all the other s as a result of a mint mistake and not tampering or defacing by a person, than it is actually an error, and they have a tendency to be worth a lot more.

Double Die varieties are really errors as the coin after getting stamped doesn't exit the die but remains within the die and is struck once more causing parts of your design to become duplicated. From time to time the duplicate is very noticeable other double die varieties require a strong magnifying glass or microscope to find out them.


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