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Coin and Paper Money Collecting/minted mistake on wheat penny

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Expert: - 5/5/2009


Question
How much do think a 1937 wheat penny is worth with an extra "hair coming off of Lincoln's chin?  It's a squiggly line that comes down at an angle from his beard and through the one and the nine.  you can clearly see it was a minted mistake.  Is it worth anything?  

Answer
Stephanie,

This is known as a "Spiked Chin" variety, caused by a worn die that eventually cracked.  This is not exclusive to 1937 cents -- it can happen on any year.

While it looks neat, it's not a highly sought after oddity.  Value at a dollar or two.

Dan

Coin and Paper Money Collecting

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Dan Moore

Expertise

My strong familiarity with all U.S. Mint coins, extensive reference library, and close relationships with many other dealers allows me to identify just about any coin made in the USA. I receive regular updates to all the current price guides -- both wholesale & retail -- to provide accurate values. So, with a good description or pictures, I should be able to identify and value any U.S. coin you have.

Experience

I've been a coin dealer since the 1980's and a coin collector since the 1960's. I specialize in U.S. Silver Coins and have an active online website -- The Working Man's Rare Coins -- http://www.workingmancoins.com -- offering information and inventory in U.S. coins.

Organizations I belong to :
American Numismatic Association Member #187770
Michigan State Numismatic Society Member #8255
Florida United Numismatics Member #19710
Monroe Coin Club Treasurer
Lincoln Coin Club Board Member
WINS Member #14
CoinMasters Member #1814

Frequently Asked Questions :
I have created a Frequently Asked Questions page on my website, where you may be able to get an immediate answer to your question. You can find the page here :
http://www.workingmancoins.com/FAQ/index.htm


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