In an astonishing discovery, a rare 1909-S VDB Lincoln penny was recently found tucked away in an old desk drawer. This seemingly ordinary coin, now appraised at $110,000, has reignited interest in one of the most coveted coins in American numismatics. Let’s delve into the details of this remarkable find and understand why this penny holds such immense value.
The Story Behind the 1909-S VDB Lincoln Penny
The 1909-S VDB Lincoln penny is renowned among collectors for its rarity and historical significance. Minted in San Francisco in 1909, it was the first year the U.S. Mint introduced the Lincoln cent, replacing the Indian Head cent. The initials “VDB” on the reverse side stand for Victor David Brenner, the coin’s designer.
However, the inclusion of Brenner’s initials sparked public controversy, leading the U.S. Mint to remove them shortly after production began.
As a result, only 484,000 of these coins were minted with the “VDB” initials, making them exceptionally rare and highly sought after by collectors.
Discovery of a Hidden Treasure
The recent discovery occurred when an individual was cleaning out an old family desk and stumbled upon the coin. Unaware of its value, they consulted a numismatist who confirmed it was an authentic 1909-S VDB Lincoln penny in excellent condition. Given its rarity and state of preservation, the coin was appraised at $110,000.
Factors Contributing to Its High Value
Several factors contribute to the substantial value of the 1909-S VDB Lincoln penny:
- Low Mintage: With only 484,000 coins produced, it’s one of the lowest mintage figures for any U.S. coin in the 20th century.
- Historical Significance: Being the inaugural year of the Lincoln cent and the controversy surrounding the “VDB” initials add to its allure.
- Condition: Coins in mint or near-mint condition fetch higher prices. The recently discovered coin’s excellent state significantly boosts its value.
- Collector Demand: The coin’s rarity and backstory make it a prized possession among collectors, driving up its market price.
Value Comparison
Here’s a breakdown of the 1909-S VDB Lincoln penny’s value based on its condition:
| Grade | Estimated Value (USD) |
|---|---|
| Good (G-4) | $700 – $1,000 |
| Fine (F-12) | $1,200 – $1,500 |
| Extremely Fine (EF-40) | $2,500 – $3,500 |
| About Uncirculated (AU-50) | $4,000 – $6,000 |
| Mint State (MS-60) | $7,000 – $10,000 |
| Mint State (MS-65) | $20,000 – $30,000 |
| Mint State (MS-67 RD) | $60,000 – $110,000+ |
Note: “RD” denotes a coin with original red luster, which is highly desirable among collectors.
Tips for Identifying a 1909-S VDB Lincoln Penny
If you suspect you have a 1909-S VDB Lincoln penny, here are some identifying features:
- Date and Mint Mark: Look for the year 1909 and an “S” mint mark below the date, indicating it was minted in San Francisco.
- VDB Initials: Check the reverse side (wheat ears side) at the bottom center for the “VDB” initials.
- Condition: Assess the coin’s wear and luster. Coins with minimal wear and original red luster are more valuable.
The discovery of a 1909-S VDB Lincoln penny valued at $110,000 serves as a reminder that hidden treasures can be found in the most unexpected places. Whether you’re a seasoned collector or a curious individual, it’s worth checking your coin collections and old belongings—you might just uncover a piece of history.
FAQs
Why is the 1909-S VDB Lincoln penny so valuable?
Its value stems from its low mintage of only 484,000 coins, the historical controversy over the “VDB” initials, and high demand among collectors.
How can I verify if my 1909 penny is the rare “S VDB” version?
Check for the “S” mint mark below the date on the obverse side and the “VDB” initials at the bottom center on the reverse side.
Where can I get my coin appraised?
You can consult professional numismatists, coin dealers, or reputable grading services like PCGS or NGC for an accurate appraisal.