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Coin and Paper Money Collecting/large 1831 penny with newark stamped on it

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Expert: - 6/26/2010


Question
My brother found this coin while burring a horse in virginia. I have looked online for a similar coin but none are stamped NEWARK across the back like this one . Maybe you could help. Thank you.

Answer
I have never handles one of these but I am guessing that it was counterstamped by a merchant, possibly named Newark as a promotional advertising item.
This was common in the mid to late 1800's.
Some are collectible.  Find a dealer who specializes in "Hard Times Tokens" and trade tokens.  They can usually put a value on something like this.

Regards
Joe Hylas
www.AllCoins.US

Coin and Paper Money Collecting

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Joe Hylas

Expertise

Numismatic professional with over 30 years experience can answer your questions about US coins, their values, how best to sell them and where to buy them. Interested in starting a collection? Find out which areas are undervalued and how to acquire those coins at the best price.

Experience

Ex-Head Precious Metals trader for Deak-Perera International with 42 offices worldwide. Industry experience since 1978. Has worked co-operatively with US Mint, Royal Canadian Mint, Austrian Mint, Chamber of Mines of South Africa, World Gold Council and Platinum Guild International. Professioanl numismatist specializing in US Coins. Always buying collections, will travel if size of collection warrants. Website: www.AllCoins.US

Organizations
PCGS, NGC, Rotary

Publications
Physician's Money Digest

Education/Credentials
Bachelor's Degree in Business Administration

Awards and Honors
Paul Harris Fellow

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