If it is like that it is a counter stamp, which means that someone outside of the mint stamped it on there. Technically it is PMD, though some people collect counter stamps. It is most likely only worth one cent.
There are sets of these with a stamp for every state Neomas. Like Zach says, struck outside the mint as novelties. You see them on eBay all the time and have very little value. Bruce
And these have been made every year since at least the early 1970's. Packaged up in a fancy frame and sold as a profitable novelty (though each is still worth only a single cent).
I figured they were only worth a penny, just didn't know if they were a set type deal or if people are using them for marketing or something. Still interesting to find one though!
With all due respect, I don’t understand why people insist that a counterstamped cent like this is “only worth a cent”. It may be worth only that to someone who doesn’t collect counterstamped coins, but to many others it does have some extra value. To be sure, these types of novelty Lincoln cents are on the lowest end of the scale when it comes to value or collectability, but actual completed auctions on eBay prove that they are worth more than a cent on the secondary market. On another recent post, a CT member asked about a counterstamped wheat cent he had found – it went out on eBay and sold for over 1500 times face value. Granted, it was a bit more unusual than a state counterstamp, but it had also been dismissed as worthless. The most I have paid for a counterstamp was about $200 for a VOTE THE LAND FREE large cent (I probably overpaid, but I decided it was time to get one). For decades after it was made in the 1840s I am sure there were people who said it was only worth a cent, and for a century after that it was bought and sold as a cull coin. It has found a collector base, however, so those days are long gone.
Thx - that is good to hear. I figured I helped boost the prices on eBay with my purchase, since after I bougth mine a few more (in far worse shape) appeared with high starting prices. I am glad to know I am not the only fanatic who is willing to shell out that kind of money for an old damaged cent!
