PRETTY PENNY I’m a coin collector – a penny sold for $336,000 – what to look for and how to find one

A COIN collector has opened up about why certain pocket change can fetch an enormous sum, and it all has to do with man-made errors from the past.

The expert and coin collector, who goes by the name the_coin_guy on TikTok, shared how a 1958 Lincoln penny sold for six figures.

The collector, who typically posts videos about all kinds of coins and the exact details on what makes them rare or valuable, said to look for one thing in particular: the Doubled Die Obverse.

Double die refers to an error that happens during the strike process making these pennies very valuable.

The exact details to look for

Altogether, there are three things to watch for with this particular penny: the date, missing mintmark, the words LIBERTY, and IN GOD WE TRUST.

If any of these parts have doubling on them, you may be in luck.

The Double Die error happens when the metal pieces used to create the coin’s features strike multiple times to embed the image or text.

However, when the die strike is misaligned, letters, numbers and images on some coins get marked twice in slightly different places.

These tend to be pretty easy to spot as the error is fairly noticeable.

The other important factor is the missing mintmark.

While many coins are missing a mintmark, the value is found in the intention: if it’s left out on accident or on purpose.

If the mintmark is left out on accident, that’s when collectors will pay big bucks.

This particular penny is one of three that has been graded by the Professional Coin Grading Services (PCGS) selling for $336,000.

Check your coin’s worth

Make sure to check your spare change for any rare pennies, nickelsdimes and other coins as many of them could sell for thousands.

Typically, the most valuable coins are ones with a low mintage or an error, as collectors find those coins are some of the rarest.

Additionally, coin experts will pay top dollar if they are also well-struck.

A great website to check if your coins are worth anything is eBay.

You just need to search the full coin name, select the “sold” listing and then toggle the search to “highest value”.

If your coins are rare and valuable, you can sell them on eBay or go through a specialist site such as Coinappraiser or USA Coin Book.

The Sun revealed how your nickel could be worth up to $8,000 and how this 1974 penny could be worth $2million.

Leave a Reply