Would you say no to a bid of more than $20,000 for a 1996 coin? Some coin collectors may reject it, but that is the price it was sold for in November 2023. In this situation, we are referring to the 1996 Lincoln Cent PCGS MS-69RD. As you can see, unusual coins can be valued a lot more when they are in pristine condition.
Numismatics fans understand that a coin can be worth a lot of money even if it was recently struck. That is why it is critical to scrutinize each piece you receive and look for any minting mistakes or distinctive features.
Where was this coin minted?
This 1996 Lincoln Cent was produced by the Philadelphia U.S. Mint. The reverse was designed by Franks Gasparro, and the obverse by Victor D. Brenner. This specimen weighs just 2.5 grams.
Its denomination is only one cent, and its diameter is 19 mm. The mintage was huge, totaling 6,612,465,000 pieces. Nonetheless, it was able to fetch a high price at Great Collections‘ 2023 auction.
The precise auction price was $20,250.00. It’s a stunning price for such a new coin with such a small denomination. Keep in mind that it is made of neither silver nor gold. It is simply constructed of zinc and copper.
Why was this one-cent coin worth $20,000?
In reality, it is one of the finest specimens among the 6,612,465,000 struck in Philadelphia in 1996. It has been rated by Professional Coin Grading Services.
Actually, they are the most dependable organization in the grading services industry. The best part about this Lincoln dime is that it appears to be untouched. Although collectors in the past valued possessing a specimen in any condition, present collectors value the best specimens.
The obverse of this portrait depicts President Lincoln, with the motto “In GOD WE TRUST” above his profile. “Liberty” is written on the left side, and the date is 1996 on the right.
The Lincoln Memorial is depicted in the center of the reverse. The words “UNITED STATES OF AMERICA” and “E PLURIBUS UNUM” appear below it. At the bottom, “ONE CENT” may be seen.
Also See:- Social Security benefit increase could be announced this week – How it will affect retirees