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1943-S Lincoln Cent Sells for $1 Million

By September 20, 2012

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1943-S Bronze Cent Certified PCGS Secure Plus MS62BN by Professional Coin Grading Service Legend Numismatics of Lincroft, New Jersey has announced that collector Bob R. Simpson, co-chairman of the Texas Rangers baseball club, has paid $1 million for the finest known 1943-S Lincoln Wheat cent on a bronze planchet. All 1943 Lincoln cents were supposed to be made on steel planchets coated with zinc. However, some bronze planchets left over from 1942 slipped into the production process. These are extremely rare and are highly sought after by error collectors.

According to a press release, it was successfully acquired by Legend after "determined negotiations" with an East Coast dealer representing the seller who is described only as "a long-time collector," according to Legend President Laura Sperber. "Mr. Simpson said, 'It's a beautiful coin.' As he held it he reminisced about the 1943 'copper' Lincoln cent he found in change when he was a youngster, but that turned out to be a fake," said Sperber. The MS62 coin is the finest of four known 1943-S bronze cents, and it is an upgrade to an example graded PCGS AU58 that was in Simpson's registry set.

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Image Courtesy of: Professional Coin Grading Service (PCGS) - www.pcgs.com

Comments

September 26, 2012 at 12:17 pm
(1) Phil says:

There is a problem with this story below and it involves magnets.
If this penny was copper a magnet would not stick to it either.
Only the Steel war pennies would stick to a magnet and they were steel in color (or rusted).

Previously Unaccounted 1943-S Bronze Cent Acquired by Rare …
http://www.coinnews.net/2008/07/28/previously-unaccounted-1943-s-bronze-cent-acquired-by-rare-coin-wholesalers-4272/
.Jul 28, 2008 (Dana Point, California) — A previously unrecorded 1943-S Lincoln cent, erroneously struck on a bronze planchet and found in circulation by a …

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