Hello all you coin aficionados out there and Welcome to the DC Coin World International Coin Channel.
Today we're going to talk to you about the Famous 1962 D Lincoln Memorial One Cent coin
nowas many of you know in 1959 the United States changed from the wheat Cents
To the Lincoln Memorial Cents so on the back instead of the ears of wheat
This is a 1944 Wheat One Cent coin
You can see the wheat they call it the wheat cent because it has these
stalks or ears of wheat on this side they changed in 1959 to the Lincoln
Memorial and this change not only changed some of the makeup of the coins
so it from a bronze coin which was 95% copper zinc and tin to a coin 95% copper and 5% zinc with no Tin.
When they did that it changed the hue of the coins a little
bit in other words the kind of the coloring of the coins and in 1962 there
are some really famously red cents that collectors just love so those who love
the graded Lincoln those kind of collectors they call them graded
Lincoln's because they will go to either PCGS or NGC and actually get graded
according to what kind of condition they're in and how red they are and
these particular coins have a not quite a bright red but a very very
reddish copper variety that the collectors love in fact in a couple
years ago they went up as high as $4,000 dollars for an MS 67 RD or red so an MS
67 means that it's just a beautiful coin it's in great condition
it'll be essentially not just look unused but unscratched and there are a
number of those varieties out there so in 2016 one of them sold for about four
thousand plus dollars four thousand four hundred if you count the fees that you
have to pay to the auction site they still list them at around two thousand
plus dollars on NGC and PCGS in in terms of some of the values so these could be
very valuable coins what will it look like well it will be bright red it won't
have the wear marks or the scratches of this one and she's this one you can see
some of the reddish on here but it's not a bright red and you can see the wear
marks on here it says In God We Trust at the top Liberty behind Lincoln in 1962 D
here when people start magnifying their Lincoln cents a lot of times they say
well this must be something wrong with this because the L is really touching
the side no that that kind of has always been there I'll show you that 1944 again
the 1944 it you know pretty much touches or comes close to touching there so
these cents get the words get really close to the rim and they sometimes they
kind of touch the rim that will not bring you any real value even if it is
almost touching the rim it's just not offset enough even if it does another
thing about the 1962's is that there's a number of different looks on these where
the nine and the six have different heights and the two is a slightly offset
see how this two kind of goes at an angle here it almost beers to the left
it's like it's tipped over that's pretty standard for these coins and it was
probably something that happened in the minting or stamping process they got it
a little bit offset then there's also some varieties on this 1962 where the D
is a little bit lower and doesn't quite go up up to the 9
and so you might find one with a D that slightly lower than the 9 under the
so if you drew a line straight across the bottom of the 9 there are some
varieties where it doesn't touch that the line would not touch the D another
thing you look at when you look at these Lincoln cents is how finely engraved the
back is so in these ones you can kind of see that there's some bushes here and
you can kind of see the steps but a little bit of we're in the steps you can
see Lincoln Way in the back you can see kind of the scrollwork up here see how
that's girl work right there is kind of worn the steps are kind of worn here
this urn or container here at the bottom of the steps is kind of worn if you get
a good one of these these (Sorry about that shaking) the steps will be perfect lines across
You'll actually be able to see some in the bushes over here you'll be
able to see some of the shrubbery if we look over way over to the right and this
is about as magnified as we're going to get here we see something kind of stuck
over there on the end of the shrubberies and that's an F G so see that there is an F
there and a G that's for Frank Gasparro who engraved the back of this coin. So he was the one who did the obverse or back of Memorial Cent
Remember the Lincoln since 1909 the front had
been the same design by Victor David Brenner and we'll see if we can show you
his initials they are often hard to see on these coins but if we tip it up just
right you'll be able to see that there are some initials right in here boy
that's tough to see isn't it right underneath Lincoln there is a VDP well
I'm not even sure we're going to be able to see it in this one you can
a little bit right there yeah see right at the top of my pen
there was a V a D and a B that stands for Victor David Brenner
and that's his initials on the bottom of Lincoln right underneath his that his
shoulder there you can see right there the VDB so the front was always a
Victor David Brenner Actually the first coin that came out his
initials were very prominent and that's one that is incredibly collectible this
one is not so collectible it doesn't have the bright red it doesn't have any
of the specialty conditions on the steps or anything and it's surely not even
gonna be graded as a fine never mind a MS67 plus red. So that's all we have
today for the DC Coin World International Coin Channel if you're
collecting the 1962 D's it's gonna have to be an incredibly good condition to
have a value even if it is in general it's going to be worth about twenty nine
dollars or thirty dollars not $2,000 or $4,000 dollars but if you are a collector
who looks for the full red graded Lincoln's and that's all you want in
life is to get one of those sometimes you're willing to spend a thousand or
two thousand dollars for one have a great day from the DC Coin World
International Coin Channel
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