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It is increasingly common to come across coins that show such particular oddities as to make them rare. Mostly they are minting errors, wrong designs, absent or incomplete numbers, or with missing pieces.
What is more important is to understand some particular aspects which are primarily related to the conditions: the better the coin is, i.e. it has not altered its structure and physiognomy, the higher its value will be. And it will become even more important to ascertain whether it is an uncirculated coin, i.e. issued but not intended for circulation, or whether it is a proof coin, printed to test the minting or to understand if the whole thing worked.
It is also important to understand the year of minting. The further it is from the present, the higher the value will be: it must be considered that the coins are maintained with a certain stability due to the metal allowing the consistency not to alter, but they can obviously change colour, show more or less slight signs of wear and everything this can alter its final value.
Finally, also consider the circulation, i.e. understand how many coins were issued for the year or for that particular occasion, this last point to explain that some coins have the objective of being commemorative, or celebrating events or prominent figures of the past or present.
What is the one cent coin that is worth gold?
There are coins that stand out for some particular aspects. Manufacturing defects for example, as in the case of the 2004 one cent coin minted in Germany, as indicated by the letter D itself which is an expression of the Munich mint. It is an SPL coin, which due to a minting error was covered with the Nordic Gold process, a pale gold brass that does not tarnish.
On the internet the value of this one cent coin fluctuates a lot: there are different types of evaluation ranging from €1,900 up to €7,000. Very high costs, which highlight the strong interest of collectors in rare coins, even if linked to minting errors.
More penny coins with crazy value
In Italy, in 2002 a minting error led to the printing of a one cent coin which was supposed to feature the classic Castel del Monte, and instead featured the Mole Antonelliana, an image generally present on 2 cent coins.
In this particular coin, an estimated value is established at around €6,600, a figure that derives from a Bolaffi numismatic auction on 23 May 2013. The auction started with a price of €2,500, but the collectors present challenged each other by bidding to obtain the rare coin, which is why the final price is 164% higher than the base price.
The rarity of this type of coin makes one cent coins very sought after. There is particular interest because they are coins that are little appreciated from the point of view of nominal value, while from the collector’s point of view there is a continuous increase in interest, of important raises during auctions, causing the final costs to jump in an interesting way.
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