Coin and Paper Money Collecting/Lincoln penny

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Expert: - 2/24/2008


Question

heavy beard penny
Hi, I have a 2002-D Lincoln penny that has a raised line going through it. Kind of like the speared bison. Do you have any info about the penny?

Answer
Hello Ted,                            

I must tell you I am not an error coin collector. I did not find this error listed in my catalogs. This type of error would have to be seen in person a photograph of the coin does not really let you see the finer points.
Error collecting is a branch outside of coins collecting. There is no fixed price list for these error coins published and each one would have to be seen to be evaluated. Only if the mint produced many coins with the exact same defect would the die be suspect. And only a coin made with the defective die, (where many coins would have the same defect) would be valuable. An error like this may not be as rare as people think however since many go un-noticed and are not all found by collectors.

It is possible that the die was cracked, scratched or even clashed against the other die without a coin blank between them. You must look at all the features on the coin, check carefully with a magnifier and a good lighting source.

Imay only have a small premium only with error collectors but is not very valuable if it was not a die error but a single mishap in fabrication of the coin.

For more information on errors look for the "The ERROR COIN ENCYCLOPEDIA" by Arnold Margolis

I also want to mention COMBINED ORGANIZATION of NUMISMATIC ERROR COLLECTORS ASSOCIATION; they are the ultimate experts in the error coin field.  
CONECA is a national numismatic organization devoted to the education of error and variety coin collectors. CONECA focuses on many error and variety specialties, including doubled dies, Re-punched mint marks, multiple errors, clips, double strikes, off-metals and off-centers just to name a few.

If you need to locate a coin shop in your area write me back, give me the nearest large Cities, some postal zip codes and telephone area codes. I will refer you to an expert in your area.

I hope this information helps.

Good Luck

PapaJack
    Questioner's Rating
    Rating(1-10)Knowledgeability = 10Clarity of Response = 10Politeness = 10
    CommentThanks for the info


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PAPAJACK

Expertise

Knowledge of United States Coins from 1793 to date. Able to answer most common numismatic questions. Collected U.S. Coins from half cent to 50 dollar gold coins.

Experience

QUALITY CONTROL
United States Coin COLLECTOR/DEALER OVER 20 YEARS, U.S. COINS Worked trade shows,
EXPERT Consulting since 1990, Knowledge of all methods of fabrication used in the industry.
Hobbies:US notes, clocks, cars, computers, coins, leisure activity and crafts to name a few.

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