Can anyone give me any information on this penny?

I am new to coins and I was counting our change cup and found a strange penny can anyone give me any info on it, any info would be great.



My wife and I acquired my grandmother's coins and we will be posting other pictures soon.

Thanks for any information.

 

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Those are known as "counter stamps". They are post mint "damage" and thus render the coin with no Numismatic value.

Someone stamped those designs after the coin left the mint. There maybe some signification meaning to them or not. The coin is still worth one cent, but becomes more of a novelty then a numismatic collectible.

There are many, many examples of this type of counter stamping. I do believe on some very, very old coins this expected and relates to where the coin was spent. Check it out, it makes for good conversation.

Keep on Collecting!!!

Allen

 

welcome to the forum!:hail: that is a counterstamped coin. companies used to and i think still do stamp coins with a metal stamp and try to sell them. as far as i know they stamped 1969 cents for the moon landing, and 1976 for the bicentinial. they also stamped the out line of states on to there so they could sell "state cents". they are not worth anything over 1 cent though. i have a texas stamped one with the outline of texas on it. keep it though, they are pretty neat. and what they do not sell to the public they dump in circulation.

 

In actuality, it is not uncommon that a counterstamp will increase a coin's value above what it would have been before it was counterstamped, especially if the person/business/location are known. There are some counterstamps in Brunks' counterstamp reference book/price guide that list for well in excess of $10,000.

However, in the case of the OP's cent, modern coins with counterstamped symbols typically do not command much of a premium. I have not seen either of those particular counterstamps before, but basing a value upon what a cent with a Masonic counterstamp, or presidential silhouette would bring from a knowledgable collector, the value would probably be somewhere in the $.10 to $1.00 range.

 

Very good points.

 

superman1978:
Welcome to the forum.