Numismatic Guaranty Corporation® (NGC®) has certified a 1943 Copper Cent that was found in a gumball machine decades ago. The 1943 Copper Cent is generally regarded as the most famous of all mint errors.
All 1943 cents were supposed to have been struck in zinc-coated steel so that copper could be conserved for more important uses during World War II. Nevertheless, a few were mistakenly struck in copper (its composition is technically bronze) and found their way into circulation.
Examples are known from all three mints that produced cents that year: Philadelphia, San Francisco, and Denver, with the Philadelphia examples being the most numerous. Still, only about 20 Philadelphia examples are known to exist. The 1943 Copper Cent recently certified by NGC was found in a gumball machine in Philadelphia in 1976. It was then sold to a collector for the then-significant sum of $1,000 USD.
The buyer passed down the coin to his children, who decided to submit it to NGC for certification after seeing that another NGC-certified 1943 Copper Cent — the Don Lutes, Jr. Discovery Specimen — had sold for $204,000 at auction in January. That specimen is named for the teenager who discovered the first 1943 Copper Cent in 1947 in his change.
The family checked the NGC Dealer Locator on NGCcoin.com to find an NGC Authorized Dealer who could assist with the submission. They found Hudson Rare Coins, which submitted the family heirloom to NGC on their behalf. NGC graded it XF Details.
“When someone calls to say that they have a 1943 Copper Cent, you never expect it to be real. It was, therefore, an incredible thrill when NGC confirmed this coin as a genuine example,” says Mitchell A. Battino, president of Hudson Rare Coins. “Now that it is certified by NGC there will never be any doubts about the authenticity of this great rarity.”
Hudson Rare Coins will represent the family in the sale of this recently NGC-certified example of the “King of Mint Errors“.
* * *
About Numismatic Guaranty Corporation® (NGC®)
NGC is the world’s largest third-party grading service for coins, tokens, and medals. Founded in 1987, NGC strives to provide accurate, consistent and impartial assessments of authenticity and grade. To ensure impartiality, NGC does not buy or sell coins. Its full-time graders are prohibited from buying and selling coins commercially, and strict procedures are in place to prevent consultants from influencing the grades assigned to their own submissions. Every coin that NGC certifies is backed by the comprehensive NGC Guarantee of authenticity and grade, which has added confidence and value for collectors and dealers around the world. Learn more at NGCcoin.com.
I just can’t believe it costs so much to submit coins for grading. And these slabbed coins are what people really want for some reason.