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<p>[QUOTE="Cliffybaby, post: 1542695, member: 8601"]I Beg to Differ. This is a 1940 Cud, a piece of metal distorted the die during pressing and caused the 9 to appear broken or shift and distorted. In 1940 the presses in the Philadelphia mint were inspected in real time by operators. The operator would have caught the error somewhere between 10 and 20 thousand coins produced and stopped the press and isolated the hopper. Depending on the level in the hopper they would have isolated those coins by layer, scooping of the top layer and just sending then to inspection. In 1940 there 586,810,000 pennies minted at the Philadelphia mint, maybe worst case 20,000 got out that makes this coin 1 in 29341 in 1940 and you found it in 2011 makes it about 1 in 208321. I’d say that’s pretty rare. It worth what a collector will pay and there are those who specialize in error coins. If it worth $5.00 that a pretty good jump in value from $0.01[/QUOTE]</p><p><br /></p>
[QUOTE="Cliffybaby, post: 1542695, member: 8601"]I Beg to Differ. This is a 1940 Cud, a piece of metal distorted the die during pressing and caused the 9 to appear broken or shift and distorted. In 1940 the presses in the Philadelphia mint were inspected in real time by operators. The operator would have caught the error somewhere between 10 and 20 thousand coins produced and stopped the press and isolated the hopper. Depending on the level in the hopper they would have isolated those coins by layer, scooping of the top layer and just sending then to inspection. In 1940 there 586,810,000 pennies minted at the Philadelphia mint, maybe worst case 20,000 got out that makes this coin 1 in 29341 in 1940 and you found it in 2011 makes it about 1 in 208321. I’d say that’s pretty rare. It worth what a collector will pay and there are those who specialize in error coins. If it worth $5.00 that a pretty good jump in value from $0.01[/QUOTE]
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