Pawn Stars: A Very Rare 1944 Silver Coin (Season 13) | History

Pawn Stars: A Very Rare 1944 Silver Coin (Season 13) | History


[music playing]
RICK: Hey, how can I help you? RAY: How you doing? I have a coin I think you
might be interested in. RICK: OK. RAY: It’s a steel penny. Are you familiar with those? RICK: Yes, I am. Whoa. It’s a 1944 steel penny. That is really neat. I know there’s less than
100 of them in existence. Well, from my research,
there’s less than 30 that exist. RICK: OK. You know, I own a pawn
shop and I deal in, like, a gazillion
different things, so I can’t know everything,
even though my kids tell me I’m a know-it-all. [laughs] RAY: I’m coming to
the pawn shop today to sell a 1944 steel penny. This is a very rare coin. It was given to me as a
gift for my 70th birthday. I know I don’t
look 70 years old, but I am as old as this coin. RICK: It’s amazing. This is a really,
really weird coin. This coin isn’t
supposed to exist. It was– RAY: That’s correct. RICK: You know, World
War II happens along. I mean, just everything
was rationed. Bacon was rationed. And the US government
came along and says, hey, you know, we make tens of
millions of pennies every year. Basically told the
US Mint, you have to make cents out
of something else, because copper is a war metal. So they started making
the cents during 1943 out of steel that were zinc-plated,
and everyone absolutely hated them. People were confusing the steel
cent for a nickel or a dime– A dime. RICK: So in ’44, we stopped
making the steel pennies. But when you’re making
tens of millions of cents, you know, steel bends
and stuff like that. And they think that,
like, some of the blanks got, like, stuck in the
corners and things like that. And when they pouring them
out into the machines, a few of these got made. This coin is one of the great
mistakes of the US Mint. And in general, when
the United States Mint makes a mistake on
a coin, that coin is gonna be worth a lot of money. How much are you
asking for this? $102,000. RICK: Whoa. I am gonna call in a friend,
look this thing over 100%. You know what I mean? For– For 102%. RICK: 102%, yeah. [laughs] Um, this
is pretty amazing. DAVE: These 1944 steel cents
and the 1943 copper cents are probably the most famous
errors of the 20th century from the United States Mint. And you would not
believe how many people have dug through mounds and
mounds of pocket change trying to find one of these because if
you find one, it’s a gold mine. And we’re looking at
one of them right now. Yeah you are, yes. RICK: So how many
of those actually got out into circulation? DAVE: Well, that’s a big
question because these were struck at all three mints– Philadelphia, Denver,
and San Francisco. They struck– oh,
it was something like 2 billion cents in ’43
and ’44 at the three mints. And the total population of
off-metal strikes is about 60. And most of them were struck
at Philadelphia, like this one. May represent something like
half the known population. However, it’s still a rare coin. Yeah, and if there’s
only 30 of them out of a couple billion–
DAVE: Yeah. RICK: –then it’s pretty rare. It’s a very rare coin. RICK: So what do you
think this would go for? DAVE: Approximately $30,000. And– That seems awfully low to me. It’s a public
auction, both of them. That’s OK, but you don’t
necessarily have to bring this coin to a public auction. DAVE: No, but public
auctions are actually where the most
realistic prices are set because every major
collector in the world gets those catalogs
because these are high profile auctions. There’s many sites that
value that coin a lot higher– DAVE: Right. –than that number. But the auctions are
very clear in determining the value of these coins. OK.
All right. Have a good one, Dave.
– All righty. Thanks. RAY: The value of $30,000 for
this coin is extremely low. This is probably
one of the rarest penny coins in existence. I don’t know where the expert
came up with that value. It is what it is. For this thing, I
would give you, like– I would give you $25,000 for it. No. I’m not sure you know
what you have here. RICK: Well, I know
exactly what I have. No. I have something that
I would probably sell between $30,000 and $35,000. RAY: There’s none
for sale though. There’s none of these for sale. This is the one. RICK: OK. I– if you want– This is the only–
this is the only one in the state in Nevada. Maybe, but it’s
still what it is. What’s the lowest you’d go? You know, I’d drop
it down to the minimum that it’s valued
at, about $75,000. RICK: Not gonna happen. RAY: Then we will not
be able to make a deal. Have a good one, though.
Thanks for stopping by. RAY: You too. No problem. I think the offer of
$25,000 is ridiculously low. But I’ll just keep
it in the family, and somebody eventually
will sell it for a lot more than I’m being offered today.

100 Comments

  1. My dad, God rest his soul, had collected coins as a child. He had pennies in the blue fold out coin holders from 1909 forward. With a few exceptions, he had nearly all of them. Including steel pennies from WW II, and the 1909 VDB's (not the S mint mark). A near complete collection of Mercury dimes, (missing the the 1916 D). Jefferson nickles (with mint mark over the dome). A near complete collection of Indian Head nickles. When he was diagnosed with cancer, he donated the coins to a charity. When I found out, I was stunned out of my mind. When I see him again, we gonna have a serious talk.

  2. Looks like you need to get your $75,000 to $102,000 amount from whatever online site you saw that price on. By the way, you DO look 70 years old. Eddie Money just died at 70, and you look like you are his age.

  3. I got one just like it and I won't take lass than $50,000 for it, people has called me from all the country offering $35,000 and I'd tell them "I'd make a fishing tackle bait out if it than take less than my set price

  4. At 2:22 the show says a 1944 coin went for over $300,000. Yet the so called expert is claiming these coins never go over $30,000. Yeah, they’re paid to low ball people.

  5. i have some old coins here and you can see it in my youtube account
    video. i have one first flight 1789 north carolina and five cents 1988
    and 1788 quarter dollars.please help me to find a good buyer for my
    coins. thank you

  6. A rare item such as this coin,is only worth as much as someone is willing to pay for it. Also, when rare items show up on ebay or elsrwhere; in excess, they aren't as rare anymore and their values go down.

  7. I was offered $10,000 for a brand new/old stock 1976 Bentley with 82 miles on the odometer. Pawn shops are stupid places to get rid of super expensive stuff.

  8. "I don't know where he came up with that value!" Hey, pops. He just explained it to you. He can give you $100K or wait for one to come to auction and pay $30K. Get over yourself.

  9. Who wouldn’t take 25 grand for a penny I’d be jumping in the air with that kind of money for any of my coins.

  10. Hi Sir.. I have a Coins here Like LIBERTY QUARTER DOLLAR.. South Carolina 1788, Michigan 1837 and Nebraska 1867.. I Willing Want to SELL it to the Good Collectors or Pawn Stars and Good Price also.. Thanks from Philippines..

  11. First, there was no other one around…one of a kind, all of a sudden it's only in the state of Nevada…this old man was delusional. They are selling everywhere between $35,000 and $40,000

  12. people are calling him a moron lol, at least he was smart enough not to sell it. the real morons are the ones who accept the offers on this show

  13. How rare is a steel cent.Not rare at all I have rolls of them in uncirculated condition.Make a offer their all for sale.Stupid You Tube.

  14. That's a very good decision to keep it. But he won't get what he asked for in this episode.!!!Maybe his grandkids will years from now.!!!

  15. Low balled big time one sold for over 300,000 grand and no the auction don't determine what things are worth lol 25 grand…and Rick is piggy backing..

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