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April 23, 2006


ht_penny_060414_sp.jpgPennies have been in the news a lot recently. If you didn't know, last week was National Coin Week. Not very exciting. However, Scott A. Travers, former vice president of the American Numismatic Association, in an effort to raise awareness has put three valuable pennies into circulation in Manhattan.

Outside the Nasdaq offices in New York City, Travers dispersed the first of three coins - all pennies - at a food vending stand just this week: a 1914-D Lincoln cent valued at $300.
...[followed by] a 1908-S Indian Head cent and a 1909-S VDB Lincoln Head cent valued respectively at $200 and $1,000 apiece.
So how do you know if you've got the lucky penny worth $1,000? Travers says, "On the front of the coin is the year 1909, and under the year is the mint mark "S," meaning it was minted in San Francisco. On the reverse of the coin are the designer's initials - V.D.B. (Victor David Brenner)."

I usually pay no attention to pennies, throw them a dish and bring them to the Penny Arcade at Commerce Bank where I convert my rainy day fund into cold hard cash. My last pull was $170 (or 13lbs). woo hoo!

In related penny news, because of the rising cost in the metals involved in making a pennies recently, it now cost the US Mint 1.5 cents to make a penny. My solutions: drop the penny.

Posted by Jeremy at April 23, 2006 10:02 AM


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