Good Lifestyle

Businessman

After his return, the lucids entered business with his father. They started a manufacturing company in the garage of their Pittsfield house. It was known as Lutes & Son. They produced and marketed religious art products. Finally, the company grew up their garage at an appropriate plant, where it flourished until the end of the 1970s.

Origin of parts

To understand the value of the discovery of lucids, we must understand where the coin comes from. The first traffic part of the United States was born in 1797 and was not designed by any other than Benjamin Franklin. It was known as Fugio Cent.

Fugio

FUGIO is also known as Franklin Cent. It was the first official piece that distributed in the United States. It has been fully made of copper, which is quite different from the way coins are made today, that is to say with a simple metal. In fact, the first coins of currencies that have been distributed in the United States were copper only. The Fugio Cent posted some interesting sentences such as "Mind Your Business" and "We are a".

The biggest pieces

Not only did the coins were not only different materials in the day, but they were also large. Their diameters were between 1 and 1/8 inch which are significantly larger than those we have about 3/4 inches. In the early 1850s, the biggest pieces were beginning to become unpopular and proven as expensive to produce, which made them almost impassable.

Eagle flying hundred

The difference in sizes was finally surmounted by the government when they introduced the flying eagle that, as a result, contributed to the corrence with large coins. It was distributed in 1857 and 1858. It was made with 88% copper mixed with 12% nickel. This new coin number has been the first use of copper-nickel by the United States.

The Indian hundred

The flying eagle has not settled in the economy because it began to face production difficulties and was then replaced by the Indian Centon in 1859. The cent has become very popular and in the present Time is one of the most collected pieces by numismatis. They do not contain any precious metals, which is why their value is mainly motivated by the demand of coat collectors themselves.

The rare material

When Lutues discovered the coin in 1947, even though the Second World War was over, the United States was still in a state of war with Germany and Japan. As a result, the government produced tons of ammunition. The question was that copper was necessary to produce a shell case, telephone wires and bullets with other weapons.

Rare copper

Given the extent of ammunition production, copper became slowly rare around the United States, which finally resulted in the government for banning copper. This meant a prohibition to use copper for civil use as well as a prohibition to use copper to produce parts. All this has been put in the end.

Precious possession

With copper being forbidden for the production of coins, the value of lucid possession increases from the day. The room was one of the few because it consisted of 95% copper and 5% zinc. These have been accidentally produced and there are only a few pieces like this in the world. However, he was still not aware of the valuable of his little discovery.

The Ford Fiasco

A few years have passed since the lutes have found this special piece. It was just another day filled with worldly activities when the luts met the news that the car Magnate Henry Ford would give a new car to anyone who could give him one of the 1943 cuntimes of copper. The Luts decided to contact the Ford Motor Company but I was told that the rumor was false.

The curious factor

His curiosity does not die, but it made him reach his hand for the case behind his wall, where he kept his coins collection. He wanted to know more about the coin he stumbled all these years ago. He wanted to know where his instinct comes from whether his instinct was precise or not.

The American Treasury

In order to discover the origin of his coin, Don Lutes Jr. decided to write a letter to the US Treasury Department hoping that they would be able to provide answers. The writing process did not do it for a long time because his head had all the questions prepared. Luts sent him and waited impatiently for an answer.

Surprisingly

It was not until a few days had passed that lucids finally received his letter. But when he opened the letter, the answer left him in the process of feeling a little disappointed. He came to know that his letter was not the only investigation ever received by the Treasury on the penny he had in his possession. They responded with a standard letter that they sent to anyone who inquired about the cents of 1943. The letter said: "With respect to your recent survey, please be informed that copper cents were not struck. In 1943. All centimes struck in 1943 were made of zinc coated steel. "

Life goes on

Disappointment only lingered for a little time for lutes. Even if the department has not confirmed anything special about his penny, lucids have always kept it and held it in his collection at home. He continued to live his life as he would, only he knew that his penny was special and believed that he was lucky to have found it.

Seller

While the treasure had denied that the penny of lucids was not special, it was enough to draw the attention of people to the numismatic community. People were busy debating the penny if he was genuine or not. Meanwhile, there was an investment of another 1943 copper penny for sale at 1958 ANA Convention.

Prosecution for penny

This cup of copper was discovered by Marvin Beyer, sometimes after the discovery of Luts. This penny, being posted at the ANA Convention, received daily attention and provoked an emantion in the numismatic community. The interest has grown only when Beyer fired his part of the sale at the auction at the very last minute. He resulted in a trial.

Another trial

All the attention of the media has once again caused the confirmation of confirmation of the authenticity of its discovery. After a great thought, being put in this decision, Luts decided to lend his penny to a remarkable numismatic researcherWalter Breen In 1959, 1959. Breen said, without hesitation, that the one hundred was real.

Numismatic

Now it is established that Luts is passionate about collecting coins. In the coming decades, lutes continued to collect coins and managed to expand its collection. He had a collection of more than 50,000 rare pieces. However, the 1943 Penny of Lincoln Copper would always be the star of his collection.

Lose someone

Don Lutes Jr. rarely talked about his marriage. He was married to Isabel (Walsh) Parker in 1986. They lived a happy life as two distinctive people. It was in 1995 when Lutes lost Isabel. They did not have children and lute had no immediate parent either. It was at that moment the lutes decided to get out of his house.

Fairview Rehabilitation Center

After his wife died, lucids entered the Fairview Rehabilitation Center. And that's where he ended up spending the rest of his years in this world. His time was mostly taken up by his club activities or his volunteer at the library. He was mostly kept to himself and had some close friends, he was in contact with some of them were part of the currency club.

The painful decision

Decades have passed after the lucids concealed his precious collection of coins in his case. He never tried to sell him to anyone or even talk about it. In fact, he refused many interested buyers' offers, especially in the Penny Lincoln. It was not before years later, while his health began to refuse that the Lutes decided to separate the means of his collection. He believed "he should reach a good house".

Peter Karpenski

There is another person who has played an important role in setting up this story. This person is Peter Karpenski, a dear friend of lucids. He went to visit him a day at the Fairview Rehabilitation Center, who is there he lived after his wife died. He expected to catch up with an old friend, however, he never knew that the Luttes will ask him to be the sender of the 1943 Penny of Lincoln Copper.

The big reveal

Once the lutes have decided to sell his collection, that is, the room has managed to find his heritage auction, a dallas-based auction house. Lucids did not even know the answer he will receive buyers. People were extremely surprised by the view of this coin that the 1943 copper penny is considered "the most famous error coin".

The accident

According to the auction of heritage, the 1943 copper penny was an accident, a production error. By the end of 1942, a small number of bronze boards (used to dab a coin) was taken in the traps of the tote-moving bins and has not been unnoticed when they were filled with beds in Zinc coated steel in 1943. As indicated by heritage bids, "they finally became dislodged and were introduced into the press of the room, as well as draft war steel."

Lost but not forgotten

The resulting a few cups of copper were lost in the flow of millions of steel hundredths struck in 1943 and escaped the detection by the control measures of the currency. The centimes of Lincoln are already considered as the most collected American parts, so that the demand for them is also extended. Copper Lincoln One Hundred 1943 had an unusual look that makes it one of these rare pieces considered very popular for numismatis.

Primary possession

Even if the penny had landed in the hand of the lutes as a change of spare for a meal, its real value is something he could never have imagined. The professional coins rating service is an organization that evaluates and class of rare coins. He ranked the Sou 62 on a scale of 1-70.

In memory of ...

After a steep decline in his health, Donald Lutes Jr. died on September 3, 2018. According to his application, a private burial service was held on September 10th. He had no immediate close at the time of his death and lost his wife in 1995. But he was surrounded by friends and people he learned to call his family.

Validated coin

The Lutes left this world at the age of 87. He lived long enough to see the documentation of his beloved from 1943 of 1943 by a large classification company. This validated the room to be authentic and listed as the "Don Lutes Discovery Room" that guarantees that its name will be part of the numismatic history forever.

Auction

With the help of his friend, Peter Karpenski, the possession at Lukes prize managed to find his heritage auctions in January 2019. The Penny of 1943 Lincoln climbed value because it was made by accident and bad material. . Heritage bids believe that the coin was worth $ 1.7 million. After two weeks of online auction, the highest bid added 1.3 million dollars.

Most offering

The winning offer came from Tom Caldwell, owner of Northeast Numismatics. According to him, this piece is one of the 19 centers of copper known to the currency in 1943. The room attracted more than 30 offers and was finally sold to Caldwell at $ 2.4 million.

The new house

Caldwell acknowledged that it was ready to pay more for the penny. He mentioned that this coin is something that each coin collector is aware. "It's a piece that is very important in the Numismatics". He plans to sell the prize suddenly, but first, he will show it to various parties of coins that he will participate.

Back home

Tom Caldwell founded Numismatics Northeast more than 50 years ago. Just like Don Lutes Jr., Tom Caldwell was also raised to Massachusetts. So Caldwell ended up bringing the footpole back to where it is more than seventy years old. Caldwell plans to present the coin to conventions and coins throughout the country, but will stay in Massachusetts.

Holy Grail

The 1943 Copper Centime was considered the "Holy Grail" mint errors. Despite fierce research by different collectors, only a handful of legitimate specimens has been discovered. This is why the cent has been sold to $ 2.4 million exceeding its pre-sale estimate of $ 1.7 million.

Denial of mint

According to the wealth auction website, "stories have appeared in newspapers, comics and magazines and a number of copper steel cents have been transmitted as fabulous rareities to mistrust buyers. Despite the assembly number of reported discoveries, mint unjustly refused all copper specimens that had been struck in 1943. "

Previous sales

A copper coin of 1943 was on sale for the first time in 1958, where the largest pool was forty thousand dollars. In 1981, a consecutive room was sold for ten thousand dollars at an ANA convention. This was followed by another sale in 1996 for $ 82,500.

New conclusions

Over the years, a number of 1943 coins from Lincoln Copper have been found in various regions of the United States. Research has discovered about 10-15 of them in a mint in Philadelphia. On the other side of the country, mint in San Francisco, researchers found half a dozen coins. And finally, researchers have found a remaining room in a deny mint.

The Berkshire Corner Club

Luts was an eager collector of American and foreign currencies and took great joy in his hobbies. He became one of the oldest members of the Berkshire Corner Club dating from 1957, which is the year following the club foundation. For more than sixty years, Luttes was an important part of the club serving as president, treasurer, club librarian, historian and finally as publisher of the newsletter.

Life membership

In 1974, Don received the first "Life Member" club which was a recognition of his many years of service for Berkshire County coins collectors. During the 1980s, when many coin clubs were dissolved, the dedication of Luts kept the organization alive and progressed. Today, the Berkshire Corner Club is always a lot because of its efforts.

Genealogy

Apart from his passion for coins, Luts also developed a keen interest in genealogy. His grandmother left him a box of papers and artifacts related to his family history. As the only child of his parents, Donald Sr. and Pauline Lutes, he used these articles to find his line in the early state settlers.

Gracious man

The Ancestral Personal Lutie Course motivated it to help others dig in their past. Later, he became President of BFHA (Berkshire Family History Association) from 1985 to 2017. It was so strongly involved in all aspects of the local history group, many people now need to manage his duties.

The library

Don Lutes Jr. became widowed in 1995. He lived as a resident of Pittsfield all his life. After his wife died, Lutes spent most of his time in Berkshire Athenaum, the Pittsfield Public Library. It has worn over decades.

Volunteer of the Year

The contribution provided by LUTUES was so immense that the Pittsfield Public Library is called its annual volunteer of the year after him, theDonald L. Lutes Volunteer of the Year Price. This award was to honor its incomparable service and all its efforts to the library.

The final reward

The library meant as much to fight. After spending decades working with these people, after losing his wife, they were what he could call a family. According to his friend, lucids wanted the sales procedure for his penny to go to Berkshire Athenaum, the Pittsfield Public Library.

Remarkable trip

Donald Lutes Jr. was a man of substance. He chose to participate in life instead of being a spectator. He chose to be part of the solution as opposed to the problem. He helped so many people, be it the services he provided to the library or the numismatist community. He has won numerous awards for his efforts and recognition for his exceptional work. His name will always be recalled in the world of Numismatic.