1983 Penny 3.1 Grams Value

Yet another 1983 solid copper-blend bronze Lincoln cent has been discovered. It was found past Ernie Gesner of Oregon, who hoards pre-1982 (and 1982) copper cents for their cook value. While he did not kickoff out as a collector per se, last year he consulted a copy of my book Strike It Rich With Pocket Modify, co-authored with me by Dr. Brian Allen. Gesner took note of our listing for the 1983 Bronze cent discovered by the late Billy Crawford and started searching for one, beingness of the feeling that the value justified the search.

The last one I reported on goes back to 2012 and was found by a Pennsylvania collector who had also obtained a copy of Strike It Rich With Pocket Modify, which prompted the anonymous finder to start weighing 1983 cents in the hopes of finding ane. It was the second 1 known to exist. That collector fabricated her discovery but several weeks after buying the book.

Lincoln cents struck from 1963 through almost mid-1982 are of a solid brass composition made up of 95 percentage copper and 5 percent zinc. They are typically referred to as "bronze" by collectors, which was the traditional alloy of 95 percent copper and the balance zinc and tin can used from 1909 through 1962. Both the statuary and contumely planchets weigh iii.11 grams. I volition refer to this specimen as bronze in this article to suit with popular nomenclature despite it beingness technically incorrect.

Business strike cents minted from almost mid-1982 to appointment are struck on planchets made up of a solid zinc core (with a trace of copper) that are barrel-plated with pure copper and weigh 2.5 grams. This is what Gesner's coin should have been struck on, just somehow it got struck on a bronze planchet left over from 1982 or earlier. The hobby refers to these every bit a Transitional Errors.

According to Gesner, he purchased fifty,000 statuary cents a couple years ago for $800. He establish this rarity while he was about halfway through them, looking for 1983-(P) and 1983-D bronze cents and of course whatever other collectible coins that may have been present.

Gesner is a retired printer who lives on a small farm in Oregon and has been "hunting pennies for 12 years."

"Some people count sheep to autumn asleep; I count pennies," Gesner said.

He said he chosen me outset because "you lot're the man" – a phrase that I notice a picayune embarrassing whenever I hear it, but I guess information technology goes with the territory.

Gesner purchased his l,000 cents from Coinweb, a sectionalization of North.F. Cord & Son, Inc, of Harrisburg, Pa., which has been in business since 1929 (and all-time known for their coin wrappers). They ain 400 machines (that Gretchen Cord likes to describe as the Mid-Atlantic's version of Coinstar), both of which collect coins from banks, grocery stores, cheque-cashing outlets and the similar. Aside from the wrappers they sell, they also sell coin wrapping machines. String said that Coinweb conservatively collects effectually 20 million cents a year from their machines located from New York to Virginia. They sell all the copper cents, foreign coins and various purities of silvery (35 percent state of war nickels, 90 percent U.Due south. silver coins and lxxx percent Canadian silvery coins) on eBay.

Gesner has decided to export his coin to the Stack'south Bowers Official Auction of the ANA World's Off-white of Money this Baronial.

Other related finds in contempo times have been the just known 1982-D small appointment and 1983-D cents stuck on copper alloy planchets. Both were reported in my Numismatic News stories and both were auctioned off ii years ago past Stack'southward Bowers. The 1982-D sold for $18,800, and the 1983-D sold for $17,625. That'due south not a bad profit for two Lincolns pulled from apportionment at face value past the finders!

Both coins, with more detailed information, can exist constitute in my Numismatic News story here.

Additionally, a 1989-D Lincoln cent struck on a pre-1983 bronze cent planchet graded PCGS MS-65 RD sold for $3,525 at Stack's Bowers Galleries' Aug. 11 Rarities Night auction in 2016. A 1990-D cent struck on a pre-1983, 3.i-gram copper-blend planchet graded PCGS MS-64 Brownish was sold by Heritage Auctions for $5,540 in Jan 2018.

At the time of this writing, only half-dozen examples dated 1983 have been handled by Heritage Auctions, while Stack's Bowers has handled three examples. I could discover no other recorded sales. In effect, at least so far, the 1983-P and -D bronze cents are rarer than the widely celebrated 1943-P-D-S bronze cents, of which the finest known for the 1943-Due south sold for $1 one thousand thousand and the unique 1943-D for $ane,750,000!

I would be remiss if I failed to mention that several rare 1983-P and -D Jefferson nickels have also been found struck on the pre-'83 bronze planchets. Later-engagement nickels on cent planchets should likewise be checked for weight. Allow us know what yous find!

Ken Potter tin can be reached via e-mail at KPotter256@aol.com or online at koinpro.tripod.com

1983 Penny 3.1 Grams Value,

Source: https://www.numismaticnews.net/us-coins/rare-1983-bronze-cent-discovered

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