Found Another Die Chip I Coin, Independnice

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Author	Replies: 3 / Views: 866
stmpcol Valued Member United States 223 Posts	Posted 11/21/2006 2:44 pm Can someone tell me why this feature on a penny was deemed collectable, command a slight premium and in some books & magazines given its own reference as the BIE penny and is more or less irrelevant on other coins. Image: IMG_0285.jpg 62.31 KB Image: IMG_0285.jpg 41.19 KB Report this Post to the Staff

Bryan1315 Bedrock of the Community United States 14454 Posts	Posted 11/21/2006 2:55 pm I have no idea, I dont't have any BIE pennies but I do have one with some clogged letters Edited by Bryan1315 11/21/2006 2:56 pm Report this Post to the Staff
Metalman Pillar of the Community United States 7123 Posts	Posted 11/21/2006 3:47 pm There was a pretty large following when the BIE cents were first found, in fact there was a whole BIE society, they at one time had a fairly large premium attached (very similar ) to some of the coins being found today,, but as time progressed and they were found on many different dates of Lincoln cents(I think I have them on most of the cents from the 50'S) That it soon became clear that they were anything but rare. Die chips have since become a very common anomoly found on most coin denominations which is why there is seldom a premium attached to such coins. Rick Report this Post to the Staff
coppercoins Pillar of the Community United States 7629 Posts	Posted 11/21/2006 3:51 pm This all goes back to the days when the minting process was little understood and people wanted something other than date and mintmark by which they could collect cents. So few really knoew about the relative rarity of finding doubled dies and repunched mintmarks, so they went with die cracks in LIBERTY, which were easily recognizable and to some degree catalogable. There used to be a national club for collecting BIE cents. What happened to that club I cannot say, but their "catalog" of BIE cents was published in 1972. Since then I believe the overall interest for collecting them has waned to a couple hundred people and there is no organized effort to catalog and photograph them to my knowledge. As for why it gained populatiry on the cent and not other denominations -- that's pretty much deducible to the fact that cents were always easier to obtain and search, and partially for that reason, have always been the most populously collected US coin. Report this Post to the Staff
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