To my surprise, the coin turned out to be a beautiful, brilliant uncirculated example of this rare variety. The S doubled die cent has a notorious history.
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Around the time of its discovery in , a pair of scammers had tried to cash in by making counterfeit doubled die cents. According to Potter, it was just a bizarre coincidence that forgers happened to be making fake doubled die pennies at the same time that a genuine mint error emerged with the same date! Secret Service agents immediately seized it, believing that it was one of the counterfeit coins. The Secret Service later returned the coin to him as genuine. The U. It took the U. Treasury Department some time to sort the mess out and return the genuine specimens to their owners.
The coin, also printed in , has 11 watchers and is located in the UK, as are all the others. The United Kingdom 2p coin was introduced on 15 February with the creation of a new decimal currency system. To avoid confusion between the old and new coinage all three coins had the word 'NEW' incorporated into the reverse design.
This was subsequently removed in ,' the website says of the distinctive make of coins. Source: The Royal Mint. Earlier this week, a report signalled that 60 per cent of coppers are only used once, with people even throwing their small change away rather than having it weigh down their wallets. Treasury documents published alongside the Chancellor's Spring Statement yesterday raised questions about the future of the coins, pointing out they are increasingly 'falling out of circulation'. Produced between and , the coins features the words 'new pence' instead of 'two pence', wording which was used on all of the two pennies produced in that decade.
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Comments Share what you think. I have to inform you that I was not satisfied with the first proof of the Lincoln cent. I found that you had not dropped the Lincoln portrait down so that the head would come nearer the center of the coin Therefore I had Mr. Barber make me a proof of this change, and as this left so much blank space over the top we concluded that it would be better to put on the motto, "In God We Trust".
This change has made a marked improvement in the appearance of the coin. On May 26, samples of the new coin with and without the motto were shown to President Taft, who selected the mottoed version. The Philadelphia Mint struck 20,, of the new coin even before its design was made official by Secretary MacVeagh. There was intense public interest in the new cents, especially since the Mint had not permitted images of the new coin to be printed in the newspapers.
The Lincoln craze sparked by the centennial had not yet subsided, and there was widespread speculation about the coin's design. On the morning of August 2, , long lines formed outside Treasury facilities across the United States. Many newsboys were among those who profited from the new coins; crowds gathered around the windows where the coins were for sale in Washington until order was restored. Brenner's initials, which he had placed at the base of the reverse, immediately became a source of controversy—on the afternoon of August 2 , The Washington Star queried the Treasury as to the initials.
Quotes appeared in the papers from possibly invented unnamed Treasury officials, opining that the coins were illegal because of the initials, which were seen as advertising.
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Assistant Treasury Secretary Eliot Norton, after meeting with Barber, ordered that the coins be struck with no initial. Brenner objected to the removal of his initials, but his protests were to no avail. The cents without Brenner's initials were in production by August 12 , Leach ordered changes in the new cent, but Barber resisted Leach's orders, and was in the end successful—vending and slot machine manufacturers modified their machines to suit the new cent, rather than the other way around. Burdette suggests that had MacVeagh been more experienced in his job, he would have been less concerned about the initials.
Saint-Gaudens had prominently signed his double eagle on the obverse, and George T. Morgan 's design for the silver dollar contained an "M" marked on both sides of the piece. Cents with and without Brenner's initials were struck at both Philadelphia and San Francisco in Coins struck at Philadelphia bear no mintmark; those struck at San Francisco were marked with an S.
While almost 28 million Philadelphia VDB cents were struck, making them quite common, the S with Brenner's initials commonly called the S VDB is the rarest Lincoln cent by date and mintmark, with only , released for circulation. In , a year which saw Barber's death in office at age 77, the wartime economy caused a shortage of cents. At this time, the Lincoln cent had not yet become dominant in circulation; four-fifths of the cents in circulation were of the older Indian Head design. Demand for the cent continued to increase when a luxury tax was instituted, and cents were needed to make change.
The recession year of saw a lower-than-usual demand for coins in commerce, and few cents were coined. At the time, dies were only made at Philadelphia; the Denver Mint had outstanding orders for cents that year. When Denver applied to the Philadelphia Mint for more dies cents were not struck at either Philadelphia or San Francisco that year , it was told that the Philadelphia Mint could supply no more cent dies, as it was fully engaged in preparing dies for the Peace dollar.
Denver filled its orders by striking with a worn-out obverse die, which impressed the design fainter than usual. The plain piece is another relatively rare one in the Lincoln cent series. When the year period during which the Lincoln cent could not be changed without congressional approval expired, there was no interest in replacing the design as the coin had remained popular. Beginning in , proof coins were struck for collectors for the first time since Made only at Philadelphia, these pieces were coined from dies polished to mirror smoothness.
Experiments were carried out by several corporations under contract from the Mint; they tested various metallic and non-metallic substances, including fiber, tempered glass, and several types of plastic. These experiments used various designs, since actual Lincoln cent dies could not leave government custody.
Another common complaint was confusion with the dime , and some letters suggested that a hole be punched in the center of the new coins. Morgenthau responded that the new pieces would soon become darker, and that the Mint would be willing to darken them if it could figure out a suitable process.
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The Treasury also stated that some of the metal for the new coins would be obtained by melting down small arms ammunition shells. These pieces may be distinguished from genuine off-metal strikes by the use of a magnet.
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In , the Mint considered replacing the Lincoln cent with a new design by Mint Chief Engraver Gilroy Roberts , but Mint officials feared that the incoming Eisenhower administration would be hostile to replacing a Republican on the cent. The Mint was aware of the pieces, and knew they were somewhere within a large production lot, but opted to release them, rather than destroy the entire lot. The variety did not become widely known until several years later.
On Sunday morning, December 21, , President Eisenhower's press secretary, James Hagerty , issued a press release announcing that a new reverse design for the cent would begin production on January 2 , The new design, by Frank Gasparro , had been developed by the Treasury in consultation with the Lincoln Sesquicentennial Commission. Anderson , the new design featured the Lincoln Memorial in Washington, D. The redesign came as a complete surprise, as word of the proposal had not been leaked. The selected design was the result of an internal competition among the Mint's engravers.
Gasparro did not go in person to see the Lincoln Memorial, a place he had never visited. According to Anderson, Gasparro created an "impressive" image of the Memorial,  however, Taxay states that the design "looks at first glance like a trolley car".
There was considerable public excitement over the "small date" and "large date" and D cents, with the small dates being the rarer. The Mint feared the interior of the zero as punched into the die would break away during the coining process, giving the zero a filled-in appearance. To reduce the chance of this happening, the Mint enlarged the date.
Prices for the small date coins, of which approximately two million had been struck at Philadelphia, continued to increase until , when the bubble burst. In , a rise in the price of silver led to silver coins being hoarded by the public.
With change short, hoarding extended to the cent, which also became scarce in circulation. Mint Director Eva Adams felt that part of the reason for the shortage was coin collectors taking pieces from circulation, and Adams ordered that mintmarks no longer appear on coins. Coins continued to be dated until the end of , using authority given by the Coinage Act of , and almost all cents were actually struck in Although coinage had been stopped at San Francisco after , the California facility began to issue cents again, though without mintmarks.
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