LOT Old Heritage Auctions  /  2008 April Rosemont, IL (CSNS) US Coin #1104  / 

2246

1944-D Steel 1C AU Details, Net VF30

Currency:USD Category:Coins & Paper Money Start Price:24,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1944-D Steel 1C AU Details, Net VF30
<B>1944-D 1C --Struck on a Steel Planchet--Damaged--ANACS. AU Details, Net VF30.</B></I> According to researcher David Lange, "no more than 10" 1944-D cents are known struck on zinc-coated steel planchets. The steel alloy, of course, was introduced in 1943 because copper was needed for the U.S. military during World War II. The alloy was virtually abandoned after 1943 due to its unpopularity. The cents resembled dimes, and were susceptible to corrosion. The last stand for the steel alloy was the 1944 Belgium 2 francs issue, struck at the U.S. Mint. A small quantity of leftover 1943 cent planchets or 1944 2 francs planchets found their way between 1944-dated cent dies.<BR> The present lot has deep gray toning and minor oxidation. A series of short marks are present on the obverse rim near 6 o'clock and on the reverse near 12 o'clock, perhaps made by someone without a magnet to determine if the piece was simply plated.<BR> Heritage auction appearances over the past year for the steel 1944-D cent include an MS63 NGC for $115,000, an MS62 NGC for $92,000, an ANACS AU55 for $69,000, and an ANACS AU50 for $34,500. Those who wish an example without mortgaging the family farm need look no further.<BR><BR><B>Coin Engraver:</B> Victor D. Brenner<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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