![]() ![]() Travers, a 44-year-old former vice president of the American Numismatic Association and author of The Coin Collector's Survival Manual, decided to mark National Coin Week in mid-April 2006 by deliberately spending three valuable old pennies as he made routine purchases around Manhattan. To help introduce more people to "the magic of coin collecting," Scott A. The last of these routes rarely yields lucky finds anymore, as collectors and treasure-seekers have long since plucked every coin of significant value from circulation, but in April 2006 the odds of making such an advantageous discovery got a little bit better. The final hammer price was double that of the auction guide price and set a new world record for a penny.Origins: One of the many windfall schemes that some of us dream about in our idle moments is fortuitously turning up a rare old coin worth hundreds or even thousands ofĭollars - perhaps through discovering one stashed away by a relative who has forgotten about it, uncovering one hidden beneath some dirt or debris, or simply finding one in a handful of change. This was a monumental shift in value as our team explained at the time – “ No other bronze coin has ever come close, I think the last was in the region of £15,000”. In 2016 a 1933 pattern penny was sold at auction for £86,400 ( including buyer’s premium) by AH Baldwin & Sons. The pattern differs from the “regular” 1933 penny in a few details, including a different set of designer’s initials. ![]() Only four of the 1933 pattern pennies are known to exist. In addition to the seven known 1933 British penny examples, and of even greater rarity and value, is a 1933 pattern penny, engraved for the Royal Mint by French artist Andre Lavillier who was bought in to solve the issue of ghosting caused by the portrait of George V. These coins rarely come up for sale but when they do, it tends to cause quite a stir. It is not known exactly how many were minted, but it is believed to be no more than seven, three of which reside, as popular exhibits, within the British Museum, Mint Museum and the University of London. As far as we know the third set is still in place beneath the Bloomsbury buildings of the University of London.Īs well as these three sets a handful of additional coins were kept by the Royal Mint. ![]() As a result of this crime a second set, which had been buried within the foundations of St Mary’s Church in Leeds, was removed on the instructions of the Bishop of Ripon and sold. One of these buildings, the Church of St Cross in Middleton, had its set of coins stolen from beneath the foundation stone. The mint released 1933 pennies especially for this purpose, and packaged them in sets with other coins, to be buried beneath three buildings. ![]() Justifications for this particular tradition vary but superstition seems to be the most common explanation. Despite the lack of necessity, it was still decided to strike a small number of pennies from that year, the main reason for this is that it was customary to place complete sets of dated coins beneath the foundations of buildings constructed in that year. This was due to the millions of Victorian and Edwardian pennies already in circulation. In 1933 the Royal Mint decided to temporarily cease the production of pennies. The primary factor for this fame is, of course, its rarity within such a common denomination and the reasons for that rarity. It has been a fact of Numismatics for many years that one of the most famous coins is the 1933 Penny. ![]()
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