A No Date Coin So Rare It's Worth Over $1,000!!

A No Date Coin So Rare It’s Worth Over $1,000!!
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Hi…I have a Lincoln Memorial Wheat Penny that is in MINT condition. This coin has been in a bank bag for years and hasn’t been circulating at all. There are absolutely no ware marks on this coin…It’s in perfect shape and would like to chat about this coin…it has never had a date stamped into it when it was minted. I can send pictures if you like but I don’t have an address to send to. Please advise

Hi Daniel.

I want to contribute a little more to the diagnostics. I wrote an article entitled "Look Closely" that was published in the January 2015 issue of "The Numismatist" pages 49-53. I actually tell my story of finding one of these 1916 Standing Liberty Quarters and diagnostics to look for. One area that I pick up on first is the rivets within the recessed area of the shield. The dies for the 1916 Standing Liberty Quarter were prepared in the Summer of 1916, but sat around unused until the last week of December. As a result, the dies started rusting. The mint decided to finally strike some 1916 Standing Liberty Quarters and only used one pair of dies for the entire 52,000 mintage. But, the mint had to remove the rust that had accumulated on the face of the obverse die. That process effectively removed details within the obverse design. As 1916 ended and 1917 began, so too did the mintage of Standing Liberty Type 1 Quarters bearing the 1917 date. The Mint rehubbed the obverse into new working dies for 1917. This imparted a similar look, but slightly different design elements into the obverse design for 1917. Hence, many of the diagnostics you have pointed out in your video here. One other diagnostic that I focus more on is the rivets within the shield, in particular the area in the top to top right area of the shield that are in a recessed area. As a result of the rust removal process, all of the rivets surrounding the shield were left with very little detail and presence on the 1916 coins – even in the grandest of mint state grades. The rivets on the 1917 Type 1 are in strong detail. As the coins wear through circulation, these rivets lent a helping hand in identifying a 1916 from a 1917 Type 1. Since the rivets on the 1916 were mostly worn away from the working die by rust removal, the definition in the recessed area on the 1916 coin is very little. The 1917 shows much stronger definition in the rivets. As the coins accrued wear, the rivets in the recessed area of the shield were somewhat protected from wear, making it an easy diagnostic to look for when identifying a possible 1916 Standing Liberty Quarter. If the rivets in the recessed area are strong, it is a 1917 Type 1. If the rivets are barely noticeable in the recessed area, it may be a 1916. It is this reason I classify them into different types. The 1916 is Type 1-A and then you have the 1917 Type 1-B and the 1917 Type 2.

I hope this helps. Happy hunting!

-Richard Stinchcomb

Ok Daniel, I know I am getting on your nerves asking all these questions, but I just got a Dime back in change. I am pretty much sure it should read 1965, but on the coin it's just 965 and two dots or cuss where the one suppose to be. My question is can I get it graded and will it be worth it?

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