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1943 LWC "Holy Grail" To Be Auctioned - Update: Sold For $204,000!

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 Posted 01/08/2019  4:22 pm Show Profile   Bookmark this topic Add USSID18 to your friends list Get a Link to this Message Number of Subscribers
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John1's Avatar
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 Posted 01/08/2019  4:30 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
I will be very surprised if it gets anywhere near that amount.
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Coinfrog's Avatar
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 Posted 01/08/2019  4:49 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Ditto.
Edited by Coinfrog
01/08/2019 4:50 pm
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oriole's Avatar
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 Posted 01/08/2019  5:38 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
The article says that for years the US Mint denied that 1943 copper cents existed. It shows you that you can't always believe what the mint says.
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 Posted 01/08/2019  6:15 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
It really goes against my grain when the cent is referred to a "penny".

Only 20 were made? Was someone counting them?

I have heard the story before that he found it in 1947, four years after it was minted, but probably was taken from someone's collection and spent. It should bring a hefty price, but not $1M.
Edited by oih82w8
01/08/2019 6:29 pm
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 Posted 01/08/2019  8:32 pm  Show Profile   Bookmark this reply Add Panther to your friends list Get a Link to this Reply
Yes the penny was found in 1947. So he probably sold it for a dollar.

Dan
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 Posted 01/08/2019  8:46 pm  Show Profile   Bookmark this reply Add Panther to your friends list Get a Link to this Reply
Er Ah,....One Cent Coin.

Dan
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 Posted 01/10/2019  10:43 pm  Show Profile   Bookmark this reply Add jeffbuckes to your friends list Get a Link to this Reply
The Boston Globe reports that the "penny" sold today for $204,000. Not sure if that includes a buyer's premium etc. Here's a link to the article:

https://www.bostonglobe.com/metro/2...I/story.html
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 Posted 01/10/2019  11:19 pm  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
Estimates from the non coin press are crazy! See this prediction of a click bait article at $1.7 million.

https://www.geek.com/culture/rare-p...ion-1768904/

Just because a similar coin dated 1943, that was also bronze instead of steel sold once for that doesn't mean they all sell for that, more likely now the high dollar buyer has one the price will only fall.
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 Posted 01/11/2019  01:13 am  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
Most of the media is comparing this AU Philly bronze cent to the MS Denver Bronze Cent, in which there has been only one identified so far, as a Million Dollar coin.
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Mark1959's Avatar
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 Posted 01/11/2019  12:23 pm  Show Profile   Bookmark this reply Add Mark1959 to your friends list Get a Link to this Reply

Quote:
Looks like it came up a little short


1943-LWC-
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 Posted 01/11/2019  12:52 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
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 Posted 01/11/2019  3:11 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
It really goes against my grain when the cent is referred to a "penny"


That ship has sailed. Even the US mint website refers to them as a penny
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Cdncoins's Avatar
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 Posted 01/11/2019  4:20 pm  Show Profile   Bookmark this reply Add Cdncoins to your friends list Get a Link to this Reply
I was watching this auction. Unfortunately my wife wouldn't let me take out a second mortgage . It's an interesting story of how Don Lutes Jr found it in his school cafeteria change in 1947 and held on all these decades later. HA makes it sound like it was Don who decided to sell it, but I heard he passed away last year so it may have been his heir.
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