Kim
In a remarkable turn of events, a 1909-S VDB Lincoln Cent, one of the most coveted coins in American numismatics, was recently unearthed from a rusted tackle box and fetched an astonishing $96,000 at auction.
This discovery underscores the enduring allure and significant value of rare coins, even those hidden away for decades.
The Discovery: A Hidden Treasure in a Tackle Box
The coin was found in an old, rusted tackle box during a routine cleaning of a family garage. Initially overlooked due to its unassuming appearance, the penny caught the attention of a family member familiar with coin collecting.
Upon closer inspection, the distinctive “1909-S” date and the “VDB” initials on the reverse side confirmed its identity as the rare 1909-S VDB Lincoln Cent.
Understanding the 1909-S VDB Lincoln Cent
The 1909-S VDB Lincoln Cent holds a special place in U.S. coinage history for several reasons:
- Limited Mintage: Only 484,000 of these coins were minted at the San Francisco Mint, making it one of the lowest mintage Lincoln cents ever produced.
- Designer Initials Controversy: The initials “VDB”, representing designer Victor David Brenner, were prominently displayed on the reverse of the coin. Public backlash over this led to the removal of the initials in subsequent issues, further enhancing the coin’s rarity and desirability.
- Historical Significance: As the first year of the Lincoln cent series, the 1909-S VDB represents a pivotal moment in U.S. numismatic history.
Auction Details and Coin Specifications
After authentication and grading, the coin was presented at a prominent auction house, where it attracted significant attention from collectors and investors alike.
The final hammer price reached $96,000, reflecting the coin’s rarity, condition, and historical importance.
Below is a table summarizing the key details of the coin
| Feature | Description |
|---|---|
| Year | 1909 |
| Mint Mark | S (San Francisco) |
| Designer Initials | VDB (Victor David Brenner) |
| Composition | 95% Copper, 5% Tin and Zinc |
| Weight | 3.11 grams |
| Mintage | 484,000 |
| Grade | XF45 (Extremely Fine) |
| Auction Price | $96,000 |
Why This Coin Commands Such Value
Several factors contribute to the high value of the 1909-S VDB Lincoln Cent:
- Scarcity: With a mintage of only 484,000, surviving specimens, especially in higher grades, are exceedingly rare.
- Historical Context: The controversy surrounding the “VDB” initials and their subsequent removal adds a layer of historical intrigue.
- Collector Demand: As a key date in the Lincoln cent series, it is a must-have for serious collectors aiming to complete their sets.
- Condition Sensitivity: Coins in better condition command premium prices, and this particular specimen’s XF45 grade indicates well-preserved details despite its age.
The discovery of a 1909-S VDB Lincoln Cent in a rusted tackle box serves as a compelling reminder of the hidden treasures that may lie unnoticed in our homes.
This coin’s journey from obscurity to a $96,000 auction highlight underscores the enduring fascination with numismatics and the profound value that rare coins can hold.
Collectors and enthusiasts are encouraged to examine their collections carefully—there may be more hidden gems waiting to be uncovered.
FAQs
How can I identify a 1909-S VDB Lincoln Cent?
Look for the date “1909” on the obverse (front) and the “S” mint mark below it, indicating the San Francisco Mint. On the reverse (back), the initials “VDB” are located at the bottom center, just above the rim.
Are all 1909-S VDB cents valuable?
Yes, due to their low mintage and historical significance, all genuine 1909-S VDB cents hold considerable value. However, the exact worth depends on the coin’s condition, with higher-grade specimens fetching significantly more.
How can I authenticate a 1909-S VDB penny?
It’s advisable to consult a professional coin grading service or a reputable numismatist. They can verify the coin’s authenticity, grade its condition, and provide an accurate valuation.