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Pawn Stars: A Very Rare 1944 Silver Coin (Season 13) | History - YouTube
Channel: Pawn Stars
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hey I have a coin I think you might be
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interested in okay it's a steel penny
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you familiar with those yes I am whoa
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it's a 1944 steel penny that is really
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neat I know there's less than a hundred
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of them in existence Oh from my research
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there's less than 30 that exists okay
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you know I don't apply shop and ID like
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a zillion different things like I can't
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know everything even though my kids tell
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me I'm at all
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[Laughter]
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I'm coming to the pawn shop today to
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sell a 1944 steel penny this is a very
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rare coin was given to me as a gift for
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my 70th birthday I know I don't look 70
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years old when I am as old as this coin
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it's amazing this is a really really
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weird coin this coin doesn't isn't
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supposed to exist it was that's correct
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you know World War two happens along I
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mean just everything was rationed bacon
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was rationed and you know the US
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government came along and says hey you
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know we make tens of millions of pennies
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every year basically told the US Mint
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you have to make sense out of something
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else because copper is a war metal so
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they started making you know the cents
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during 1943 out of steel that were zinc
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plated and everyone absolutely hated
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them
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people were confusing the steel cent for
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a nickel or a dime so in 44 we stopped
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making the steel pennies but when you're
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making tens of millions of cents you
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know there were steel bends and stuff
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like that and they think that like some
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of the blanks got like stuck on the
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corners and things like that and when
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they were pouring them out into the
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machines a few of these got made this
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coin is one of the great mistakes of the
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US Mint and in general when the United
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States Mint makes a mistake on a coin
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that coin is gonna be worth a lot of
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money how much are you asking for this
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102 thousand dollars whoa
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I am gonna call on a friend look at this
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thing over 100 percent you're gonna be
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in fraud 102 percent 102 percent yeah
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this is pretty amazing
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these 1944 steel cents and the 1943
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copper cents are probably the most
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famous errors of the 20th century from
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the United States Mint
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and you would not believe how many
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people have dug through mountains and
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mountains of pocket change trying to
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find one of these because if you find
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one it's a gold mine and we're looking
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at one of them right now you are yes so
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how many of those actually got out into
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circulation well that's a big question
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because these were struck at all three
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minutes Philadelphia Denver and San
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Francisco they struck for something like
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two billion cents in 43 and 44 at the
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three months and the total population of
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off metal strikes is about sixty and
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most of them were struck it at
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Philadelphia like this one may represent
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something like half the known population
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however it's still a rare coin yeah and
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there's only 30 of them out of a couple
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billion them yeah it's a very rare coin
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so what do you think this would go for
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approximately thirty thousand dollars
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and seems awfully low to me it's a
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public auction both of them that's okay
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but you don't necessarily have to bring
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this coin to a public auction
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no but public auctions are actually
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where the most realistic prices are set
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because every major collector in the
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world
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gets those catalogs because there's
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these are high-profile auctions there's
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many sites and that value that coin a
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lot higher right and that number but the
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the auctions are are very clear in
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determining the value of these coins
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okay all right ever going Dave alrighty
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thanks the value of 30,000 for this coin
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is extremely low this is probably one of
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the rarest penny coins in existence I
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don't know where the expert came up with
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that value it is what it is if there's
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this thing I would give you like I would
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give you 25 grand for it
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I'm not sure you know you have you well
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I know exactly what I have something
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that I could probably sell between
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thirty and thirty five thousand dollars
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there's none facilities for sale this is
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the one this is the only one in the
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state of Nevada maybe but it's still
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what it is
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what's a lot should go you know I drop
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it down to the minimum and it's valued
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at about seventy five thousand rocker
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happen and we will not be able to make a
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deal I have it going up thank you for
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survival no problem I think the offer of
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$25,000 is ridiculously low but I'll
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just keep it in the family and somebody
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eventually will sell it for a lot more
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than I'm being offered today
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you
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