Rare 1943 Penny Sells For $1 Million - Spokane, North Idaho News & Weather KHQ.com

Rare 1943 Penny Sells For $1 Million

YAHOO.COM - A 1943 Lincoln penny that soared in value because it was made from the "wrong" material reportedly has sold for $1 million.

The penny was erroneously made of bronze instead of zinc-coated steel at the San Francisco Mint, according to UPI news agency. Texas Rangers co-chairman Bob R. Simpson bought the coin from Legend Numismatics, a rare coin dealer in Lincroft, N.J.

Professional Coin Grading Service, an organization that evaluates and grades rare coins, certified the penny in question, grading it a 62 on a scale of 1 to 70. click here to read more

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