Discovering rare and valuable coins in your everyday pocket change might seem improbable, but it’s more common than you might think.
While most U.S. coins are worth only their face value, certain coins due to minting errors, limited production runs, or historical significance can be worth thousands or even millions of dollars.
Here are nine such coins that have been found in circulation and are worth much more than their face value.
1. 1943 Bronze Lincoln Wheat Penny
During World War II, the U.S. Mint switched to steel pennies to conserve copper. However, a small number of 1943 pennies were mistakenly struck on bronze planchets.
These coins are exceptionally rare, with some selling for up to $2.3 million at auction. To verify authenticity, use a magnet – if it sticks, it’s steel; if not, you might have a valuable coin.
2. 1969-S Lincoln Cent Doubled Die
This penny is famous for its doubling effect, where the design appears slightly offset. The U.S. government initially mistook these for counterfeits, but they are legitimate minting errors. A well-preserved 1969-S doubled die cent can sell for over $25,000.
3. 1955 Doubled Die Lincoln Cent
The 1955 penny features one of the most dramatic doubled die errors, with the date and lettering clearly duplicated.
A good-condition coin can be worth over $1,000. The error resulted from a misalignment during the minting process.
4. 1970-S Small Date Lincoln Cent
This rare variety of the 1970-S penny has a distinctively small date. Only a few exist, making them highly sought after by collectors. Prices can vary, but well-preserved examples have sold for significant sums.
5. 1992 Close AM Penny
Most Lincoln pennies from 1992 have a noticeable gap between the letters “A” and “M” in “AMERICA.” However, a rare error resulted in a close spacing, making these pennies highly valuable. One sold for over $25,000 in 2017.
6. 1965 Silver Dime
In 1965, the U.S. Mint transitioned from 90% silver dimes to copper-nickel clad versions. However, a few dimes were mistakenly struck on silver planchets. These coins are rare and can be worth $5,000 or more.
7. 1932-D Washington Quarter
The 1932-D quarter is a key date in the Washington Quarter series. With a low mintage of just 436,800, these coins are hard to find. A high-grade version can sell for over $74,000 at auction.
8. 1916-D Mercury Dime
This dime, minted in Denver in 1916, is one of the most valuable Mercury dimes. Because of its low production numbers, it is highly sought after by collectors. In excellent condition, it can sell for thousands.
9. 1937-D Three-Legged Buffalo Nickel
A minting error caused some 1937 Buffalo Nickels from the Denver Mint to appear as though they only have three legs. This mistake makes them rare and highly collectible, with values ranging from $1,000 to $100,000, depending on condition.
| Coin | Year | Mint Mark | Error Type | Approximate Value |
|---|---|---|---|---|
| Lincoln Wheat Penny | 1943 | None | Struck on bronze planchet | Up to $2.3 million |
| Lincoln Cent | 1969 | S | Doubled die | Over $25,000 |
| Lincoln Cent | 1955 | None | Doubled die | Over $1,000 |
| Lincoln Cent | 1970 | S | Small date variety | Varies |
| Lincoln Cent | 1992 | None | Close AM | Over $25,000 |
If you think you’ve found one of these valuable coins, follow these steps:
- Use a magnifying glass: Look for small details like date variations or doubling effects.
- Weigh your coin: Some errors, like the 1965 silver dime, have a different weight than regular coins.
- Check mint marks: Certain mint marks (or the absence of one) can significantly impact a coin’s value.
FAQs
What makes a coin valuable?
Coins can become valuable due to factors like minting errors, low production numbers, historical significance, and their condition. Collectors often seek coins with unique characteristics or those that are hard to find.
How can I determine if my coin is a rare error coin?
Examine your coin closely for anomalies such as doubled images, incorrect or missing mint marks, unusual colors, or differences in weight. Consulting a reputable coin grading service or a professional numismatist can provide a definitive assessment.
Where can I sell a rare coin?
Rare coins can be sold through various channels, including coin dealers, auctions, online marketplaces, and coin shows. It’s advisable to have your coin appraised by a professional to understand its value before selling.
