One of only 20 & # 39; copper pennies & # 39; from the early forties is expected to sell for more than $ 1.7 million
The & # 39; most famous & # 39; coin that was made wrong: Penny accidentally made of copper by US Mint in 1943 and found by a teenager in his school. Lunch change in 1947 is expected to reach $ 1.65 MILLION at an auction
- In March 1947, Don Lutes Jr. of Pittsfield, Massachusetts noticed a foreign currency in the lunch money change he received at a school canteen
- It was a copper penny from 1943, produced by the American Mint
- At that time it was rare that the Mint earned money from nothing but steel
- Experts believe that about 20 pence per mistake was made of copper
- After Lutes died last year, his money went up for the auction
Ariel Zilber for Dailymail.com
A penny found by a teenager from Massachusetts who was wrongly made out of copper in 1943 is considered so rare that it is likely to raise up to $ 1.7 million at auction.
The coin has been described as the & # 39; most famous & # 39; coin that was accidentally created, according to Heritage Auctions.
In the early 1940s, when the United States were at war, penny's were made of steel so that copper could be used for shell casings, telephone wire and "war needs", according to Geek. com.
The American Mint, which produces the coins, apparently missed some bronze blanks that somehow ended up in the presses.
A penny found by a teenager from Massachusetts who was wrongly made out of copper in 1943 is considered so rare that it is likely to pick up to $ 1.7 million at the auction
Don Lutes Jr., a 16-year-old coin collector from Pittsfield, Massachusetts, found one of the copper pennies in the change he received after buying lunch at a school canteen in March 1947
So among the millions of samples & # 39; penny & # 39; s were a small number of copper & # 39; cents that managed to quietly enter the blood circulation.
It is assumed that only 20 such coins exist.
& # 39; Despite the relentless search by enthusiastic collectors over a period of more than 70 years, only a handful of legitimate copies have ever been discovered, Heritage wrote on its website.
& # 39; PCGS CoinFacts estimates the surviving population to no more than 10-15 examples in all grades.
& # 39; We have compiled a selection of all instances that have been certified by the two leading assessment services below, including an unknown number of re-submitted and transferred headings. & # 39;
Don Lutes Jr., a 16-year-old coin collector from Pittsfield, Massachusetts, found one of the copper pennies in the change he received after buying lunch at a school canteen in March 1947.
After Lutes died in September, his coin went on sale at the auction
There were rumors at the time the Ford Motor Company would offer the price of a new car to anyone who could give Henry Ford one of the copper pennies.
But when Lutes contacted the Ford Motor Company, he was told that the rumor was incorrect.
Lutes also asked the Ministry of Finance for the medal, but the Mint denied that copper pennies had been minted in 1943.
Lutes died last September. The medal can now be auctioned.
The current high bid for the medal is $ 100,000.
But that figure is expected to jump much higher.
In 2010, a New Jersey dealer sold a similar copper penny from 1943 for $ 1.7 million.
& # 39; While a number of other examples have emerged over the years, no other specimen has been celebrated and written more than this remarkable coin, "says Heritage Auctions.
& # 39; This piece inspires a special pride of owner that is not matched by another example.
& # 39; This party represents a real opportunity & # 39; once in a lifetime & # 39;. & # 39;