Finding valuable coins can sometimes be as simple as checking your pocket change. One such discovery is a 1983 Copper Penny that was mistakenly struck on a copper-alloy bronze planchet. This rare error coin was sold at auction for just under $30,000! With only a few known examples, this coin has captured the attention of collectors worldwide. Let’s dive into the story behind this unique error and how you might discover one in your collection.
The Story Behind the 1983 Copper Penny
In 1983, the U.S. Mint switched to copper-plated zinc planchets for pennies, but a few copper-alloy bronze planchets from 1982 were mistakenly used. This resulted in the rare 1983 copper penny, which collectors call a “transitional error.” Graded MS-65 Red by the Professional Coin Grading Service (PCGS), this penny was auctioned for $29,250 by GreatCollections.
Why Is the 1983 Copper Penny So Valuable?
This coin’s value comes from its rarity. Only a handful of these copper pennies from 1983 have been found, and they’re highly sought after by collectors. In fact, the 1983 copper penny sold in this auction is considered the finest example known. It attracted 49 bids, showing just how much interest there is in this rare find.
Rare 1983 Copper Penny Table
| Coin | Year | Value |
|---|---|---|
| 1983 Copper Penny (Error Coin) | 1983 | Up to $30,000 |
| 1982-D Small Date Bronze Penny | 1982 | $18,800 |
| 1983-D Bronze Penny | 1983 | $17,625 |
Other Rare Copper Pennies
Several other copper pennies from this era have sold for high prices. For example, a 1982-D small date penny on a bronze planchet sold for $18,800, while a 1983-D bronze penny fetched $17,625 at auction. These coins share the same type of error—a leftover copper planchet used during the transition to zinc pennies.
How to Spot a Rare 1983 Penny
If you have 1983 pennies, there’s a chance one could be valuable! Use a good-quality scale to weigh them. A regular 1983 penny should weigh about 2.5 grams, but a copper penny will weigh 3.1 grams. If your penny weighs 3.1 grams, you may have found a rare error coin worth thousands!
Conclusion
Coin collecting can be rewarding, and sometimes rare treasures are hiding in plain sight. The 1983 copper penny is a perfect example of how checking your change could lead to a valuable discovery. Keep an eye out for error coins, especially those from 1983, as you might just strike it rich!
FAQ’s
How can I tell if my 1983 penny is valuable?
Weigh it! A rare 1983 copper penny weighs 3.1 grams, unlike regular pennies which weigh 2.5 grams.
Why are error coins valuable?
Error coins are rare and unique, which makes them highly collectible and valuable to coin enthusiasts.
Can I find rare coins in my pocket change?
Yes, many rare coins, including error coins, have been discovered in everyday change!