In a remarkable turn of events, a rare 1909-S VDB Lincoln penny was recently discovered in a safe deposit box, captivating coin collectors and enthusiasts alike.
This extraordinary find has been appraised at an impressive $95,000, underscoring the enduring allure of this iconic coin.
Historical Significance of the 1909-S VDB Penny
The 1909-S VDB Lincoln cent holds a special place in numismatic history. It was the first U.S. coin to feature a president’s portrait, designed by Victor David Brenner, whose initials “VDB” were prominently displayed on the reverse.
However, public criticism over the conspicuous placement of these initials led to their swift removal, resulting in a limited mintage of only 484,000 coins from the San Francisco Mint.
This scarcity has made the 1909-S VDB penny one of the most sought-after coins among collectors.
Recent Discovery and Its Appraisal
The recently found 1909-S VDB penny was nestled in a safe deposit box, untouched for decades.
Upon professional evaluation, the coin was determined to be in exceptional Mint State (MS) condition, contributing to its substantial valuation of $95,000.
Such discoveries are rare and highlight the potential treasures that may lie hidden in overlooked places.
Detailed Specifications of the 1909-S VDB Lincoln Penny
| Attribute | Details |
|---|---|
| Year of Minting | 1909 |
| Mint Mark | S (San Francisco) |
| Designer | Victor David Brenner |
| Initials on Reverse | VDB |
| Mintage Quantity | 484,000 |
| Composition | 95% Copper, 5% Tin and Zinc |
| Diameter | 19 mm |
| Weight | 3.11 grams |
| Obverse Design | Portrait of Abraham Lincoln |
| Reverse Design | Two wheat stalks flanking the denomination |
Market Value and Collectibility
The value of a 1909-S VDB Lincoln penny varies significantly based on its condition:
- Good Condition: Approximately $900
- Very Fine (VF): Around $1,500
- Extremely Fine (XF): Approximately $2,000
- Mint State (MS): Ranges from $2,000 to $90,000, depending on the coin’s luster and strike quality
Notably, a 1909-S VDB penny in MS67 Red condition has fetched prices upwards of $90,000 at auctions, reflecting its rarity and desirability among collectors.
The discovery of a 1909-S VDB Lincoln penny in a safe deposit box serves as a compelling reminder of the hidden treasures that may reside in overlooked places.
With its rich history, limited mintage, and significant value, this coin epitomizes the allure of numismatics.
Collectors and enthusiasts are encouraged to examine their collections and storage spaces; you never know what valuable artifacts might be waiting to be rediscovered.
FAQs
What makes the 1909-S VDB Lincoln penny so valuable?
Its value stems from its limited mintage of 484,000 coins, the historical significance of being the first U.S. coin to feature a president’s portrait, and the controversy surrounding the “VDB” initials, which were quickly removed, making existing coins rare.
How can I verify if I have a genuine 1909-S VDB penny?
Look for the “S” mint mark below the date on the obverse and the “VDB” initials at the bottom center of the reverse. For authentication and grading, consult a professional coin grading service like PCGS or NGC.
Where can I sell a 1909-S VDB Lincoln penny?
You can sell it through reputable coin dealers, auction houses specializing in numismatics, or online platforms that cater to coin collectors. Ensure the coin is authenticated and graded to maximize its value.