The US Mint has been making Lincoln pennies since 1909.
You can have one worth hundreds or even thousands of dollars without even being aware of it.
Learn important dates and typical mistakes before searching through common areas of your home, such as coin jars.
Additionally, bear in mind that the grade and condition can affect how much it might be worth.
Below, we explain what makes a Lincoln penny so remarkable and how you might be able to locate one. This penny recently sold online for a total of $2,060 after 39 bids.
What is the penny?
Victor David Brenner, a sculptor, created the penny.
You’ll see two ears of wheat on the reverse, which was a feature of all Lincoln pennies up until 1958.
The coin’s most notable flaw, however, is a well-known mistake.
The 1955 double die penny is referred to as such.
The doubling of elements is the type of error mentioned here.
If you examine the 1955 cent, you should search for the words “Liberty,” “In God We Trust,” and the date itself.
The obverse of the coin features each of those components.
How much is it worth?
Consider yourself lucky if you come across a 1955 double die penny because there’s a strong possibility it will be worth several thousand dollars.
According to USA Coin Book, the coin is worth $1,318 in fair condition and up to $17,057 in uncirculated grades.
According to the seller, the coin in the eBay offering was graded as an AU 50 by the authentication company CAC.
Uncirculated is referred to as AU.
Another buyer purchased a 1955 Lincoln double die penny for more than $2,200.
It was unclear, though, what the exact grade was.
Other valuable Lincoln pennies
If you’re lucky, other Lincoln pennies might sell for hundreds or even thousands of dollars.
The 1931-S penny, which has the second-lowest mintage in the series, is included in this.
One recently fetched $201 on the internet.
An additional Lincoln dime that was advertised as being “uniquely toned and mottled” was sold online for $203.
The lowest mintage in the entire series is the 1909-S VDB Lincoln penny, which has a mintage of only 484,000.
A recent purchase of one of those coins cost $1,300.
You can check eBay by typing in the complete name, choosing the “sold” listing, and switching the search to “highest value” to see whether your spare change has any value.
Because your quarters, half dollars, dimes, nickels, and Lincoln pennies might also be valuable, this will give you an idea of how much the coin might be worth.
See the most precious silver coins now in circulation for additional stories connected to this topic.