In 1986, a retired police officer named Leon Baller announced that he bought a 1959-D Lincoln cent with a wheat reverse design. This type of coin is referred to as a "Mule," since all 1959 cents should have a memorial reverse design. ... This is a method used to make fake coins. Read more
In the case of the 1959-D Lincoln Mule Memorial Penny, the coin bears the 1959 date, but the reverse has the original Wheat Ear reverse. This error suggests that the coin was struck with a die that had the 1959 date, but a reverse that wasn't updated.
The 1959 D penny is worth around $0.50 in uncirculated condition with an MS-63RB grade. The value is around $0.55 in uncirculated condition with a grade of MS-65RD. Proof coins with no mint mark are available and they are each valued at around $3 in PR-65RD condition. There were 1,149,291 proof coins minted.
As a new type, 1959 Lincoln cents struck at both the Philadelphia and Denver Mints were saved in large quantities. The 1959-D Lincoln cents become rare in the highest grades, as shown at a February 2016 auction by GreatCollections when the online auctioneer sold a 1959-D Lincoln cent graded PCGS MS-67+ red for $3,432.
A "mule" error, as it is called, is when a obverse or reverse has a design that is not typically seen on the coin. A famous example is the 2000 Sacagawea and Quarter. It had a Sacagawea Dollar planchet and reverse struck on an obverse of a state quarter, and sold for a record price of $192,000!
In numismatics, a mule is a coin or medal minted with obverse and reverse designs not normally seen on the same piece. These can be intentional or produced by error. This type of error is highly sought after by collectors, and examples can fetch high prices.
The 1943 copper-alloy cent is one of the most enigmatic coins in American numismatics — and reportedly the most valuable Lincoln penny of all.
The year 1959 was the 150th anniversary of Abraham Lincoln's birth. From 1959-1962 the penny was made up of 95% copper, 5% tin and zinc. However, from 1962-1982, the composition of the penny was changed by removing the tin, making the penny 95% copper and 5% zinc. They all would weigh in at 3.11 grams.
The Map Mule coins can be found online being sold at prices around $400. For example, a Mint State 63 example sold for $436.99 on eBay in June 2014.
The year 1959 was the 150th anniversary of Abraham Lincoln's birth. From 1959–1962 the penny was made up of 95% copper, 5% tin and zinc. However, from 1962–1982, the composition of the penny was changed by removing the tin, making the penny 95% copper and 5% zinc. They all would weigh in at 3.11 grams.
The alloy remained 95 percent copper and 5 percent zinc until 1982, when the composition was changed to 97.5 percent zinc and 2.5 percent copper (copper-plated zinc). Cents of both compositions appeared in that year. The penny's original design was suggested by Ben Franklin.
If your Lincoln Memorial penny has a date before 1982, it is made of 95% copper. If the date is 1983 or later, it is made of 97.5% zinc and plated with a thin copper coating. For pennies dated 1982, when both copper and zinc cents were made, and best way to determine their composition is to weigh them.
It is not illegal to melt, destroy, or modify any U.S. coins in the United States.
The oldest penny in the world is the Birch Cent of 1792.
It was the most amount of money ever spent on a one-cent piece at auction.
Lincoln pennies that were minted between 1959 and 1982 tend to be worth more since they are almost 100 percent copper, rather than an alloy. Improperly prepared dies can result in coins with a "double" image.
The million dollar penny: Rare 1943 Lincoln cent bought by owner of the Texas Rangers for a cool $1MILLION.
On a mule dollar, the double-rim effect traces the entire circumference of the coin. The number of mule dollars released into circulation is not known, but numismatic experts estimate that there are no more than 20,000 pieces available, most of these being in circulated grades.
1a : a hybrid between a horse and a donkey especially : the offspring of a male donkey and a mare. b : a self-sterile plant whether hybrid or not. c : a usually sterile hybrid. 2 : a very stubborn person.
Cost: $10 Million
The most expensive coin in the world is the 1794/5 Flowing Hair Silver/Copper Dollar. Several expert Numismatic researchers believe that this was the very first silver coin to be minted and issued by the U.S Federal Government.
Definition of broadstrike
: an error occurring during the minting of a coin when the die collar (see collar entry 1 sense 2g) is loose or improperly positioned also : a coin having such an error … both sides bore characteristics of a broadstrike with the rim spread abnormally from the design. —
So, what is a mule note? It is a note with a front side printed with its series number that has a different size than the printed series number on its back side. In the past, a currency's series number used the same sized plate when printing on both sides of the note.