Do you have an error penny and want to know its value? Leave a comment/question and I will do my best to find out the price and history for you.
On May 22 of this year I was searching through my change at the end of the day and found a 1956 wheat cent, which was ok they are worth about 2¢ in that condition.
I left the coin on my desk because I was too busy to catalog my newest find. Then a few days later I noticed some crud on the coin then I looked closer and saw it was actually excess copper between the B and E in LIBERTY.
Immediately I recognized it was a "BIE" error and sure enough I got my error book out and there it was as clear as day.
Here's this coin stats...
II-F-4 BIE Die Variety (W) = a die break or crack between the B and the E.
Fairly common in the years 1955-1958 and value at $1.00 to $20.00.
I figure due to all the green spots and circulation wear that mine is closer to $1.00.
For a while BIE pennies became very popular and the BIE Guild was formed. Soon so many of these errors were found that the value went down and the collectors stopped tracking these coins. The BIE Guild dissolved and now unless the coin is proof or in excellent shape the premium for this error is low.
Here is a better picture of this type of error from LeeG(an expert collector) he also found a 1956 BIE but as you see in a higher grade.Do you have an error penny and want to know its value? Leave a comment/question and I will do my best to find out the price and history for you.