And do not forget that Congress made a law that coinage could not be redesigned in less than 25 years. Since the cent was redesigned in 1959 to commemorate Lincoln's birthday, it could not be redesigned again until 1984.
I just got one in change the other day; surprisingly decent condition. Most likely hoarded for years until finally released. When I was in 8th grade we had to get a bicentennial half for wood shop class. We traced templates of the liberty bell on wood and mounted the coin on it (after it was finished/sanded/stained.
@Lydia Howe ...Welcome to coin talk! To help you here on the forum I offer some advice...to keep things in perspective when you find an old post. This one is 16 years old and has been resurrected once before 4 years ago. Older posts are not seen by everyone as much as new posts. We love new posts. I look forward to seeing some posts of yours...Spark
The colorization of an authentic coin basically negates any real numismatic value for said defaced coin. It does, however, appeal to basic non-collectors who like "shiny" or different things. When non-collectors purchase entire sets of these "shiny" coins and try to sell them on the open market, I would imagine that they are shocked that they can't sell them for what they paid. If you are into "shiny" and defaced coins there are many sets and individual examples on e-Bay that are selling for cheap since the original owner can't unload them for more.
Take two colorized drummer boy quarters, solder on some cufflink hardware and presto - $100 profit https://www.cufflinkaficionado.com/products/drummer-back-quarter-coin-cufflinks