Coin collecting is one of those hobbies that can significantly impact a person’s financial status. This hobby not only sparks interest but also holds the potential for substantial financial benefits. For some, it can even transform an ordinary individual into a billionaire overnight by discovering the rarest coins still circulating in the market.
The Best Coins Still in Circulation Worth Over $800,000
One must be aware of the details of valuable coins while hunting for them. These details can help in identifying and assessing the worth of rare coins.
Contents
The War Time Mystery: 1943 Copper Lincoln Penny
One of the most valuable coins in history is the 1943 Copper Lincoln Penny. This coin has a unique origin dating back to World War II. During this period, the US Mint produced pennies from steel instead of copper, as copper was needed for the war efforts. However, a few copper blanks were mistakenly produced, resulting in one of the rarest coins in American history. Finding one of these copper pennies is like stumbling upon a small fortune.
Double Vision: The Doubled Die Pennies
Doubled die pennies are another category of rare coins with notable features. Some extraordinary examples include:
- 1955 Doubled Die Lincoln Cent: Valued at over $500,000, this coin has doubled numbers on the front.
- 1969-S Doubled Die Lincoln Cent: Worth over $35,000, it displays similar doubling lines and was minted in San Francisco.
- 1972 Double Die Obverse Lincoln Cent: Valued at less than $1,000, it has doubled letters on the back.
Historic Rarities: Early Lincoln Cents
Some early Lincoln cents are highly valued due to their rarity:
- 1914-D Lincoln Cent: Minted in Denver, this coin is worth approximately $75,000 in good condition due to its limited production.
- 1909-S VDB Lincoln Cent: Designed with Victor David Brenner’s initials, this coin is worth around $100,000. The initials were later removed, making coins with the initials extremely collectible.
The Missing Mintmark: 1922 No D Lincoln Cent
The 1922 No D Lincoln Cent is another fascinating error coin, valued at around $30,000. The mintmark D is missing in various coins due to a production error, creating a rare variety that collectors eagerly seek.
Why Are These Pennies So Valuable?
Several factors contribute to the value of these coins:
- Scarcity: These coins are very few in number.
- Historical Significance: Many represent significant periods in US history.
- Condition: Coins in good condition are worth more.
- Demand: High collector demand increases value.
- Unique Features: Unique errors and features make these coins highly valuable.
What to Do If You Find One?
If you discover a rare coin, here are some steps to follow:
- Handle Carefully: Avoid cleaning it and keep it in its found condition.
- Protective Storage: Store it in a protective holder.
- Authenticate: Get it authenticated by a professional coin grader.
- Research: Research its current market value.
How to Check Your Coins
To check if a coin is rare:
- Look at the date on the coin.
- Check for doubling in letters and numbers.
- For 1943 pennies, test if they are magnetic.
- Examine all mint marks carefully.
- Use specialized instruments for better analysis.
2 Rare Dimes and a Bicentennial Quarter
Each valued at $19 million, these coins are still in circulation. Knowing how to identify and preserve these valuable coins can be a life-changing skill for any coin collector
Also Read
