{"id":10635,"date":"2022-08-19T18:42:19","date_gmt":"2022-08-19T23:42:19","guid":{"rendered":"http:\/\/blog.jlbn.net\/?p=10635"},"modified":"2022-08-19T18:42:20","modified_gmt":"2022-08-19T23:42:20","slug":"double-effect-im-a-coin-expert-the-error-and-date-on-lincoln-pennies-to-look-out-for-that-could-make-it-worth-100000-or-more","status":"publish","type":"post","link":"http:\/\/blog.jlbn.net\/?p=10635","title":{"rendered":"DOUBLE EFFECT I\u2019m a coin expert \u2013 the error and date on Lincoln pennies to look out for that could make it worth $100,000 or more"},"content":{"rendered":"\n
\"\"<\/a><\/figure>\n\n\n\n

COIN collectors have been able to make over $100,00 from a single penny.<\/p>\n\n\n\n

Mistakes on\u00a0coins<\/a>\u00a0make them especially valuable for collectors.<\/p>\n\n\n\n

This can include incorrect spacing on words or a “double die” error, all of which can send a coin skyrocketing in price thanks to high demand.<\/p>\n\n\n\n

Double die<\/a> coins are exactly what they sound like. The date, the word “liberty,” and the motto all appear to be double-stamped on the coin.<\/p>\n\n\n\n

An especially valuable one is the 1969-S Lincoln Cent<\/a> of the obverse variety.<\/p>\n\n\n\n

Having one of these is essenitally like having a winning lottery ticket, said Shaun from\u00a0BlueRidgeSilverHound\u00a0<\/a>on TikTok.<\/p>\n\n\n\n

\"\"<\/a><\/figure>\n\n\n\n

Finding the right coin<\/h2>\n\n\n\n

The\u00a0Professional Coin Grading Services<\/a>\u00a0(PCGS) explained this coin was tainted by counterfeits, landing it on America’s “Most Wanted” list.<\/p>\n\n\n\n

Two men – Roy Gray and Morton Goodman – began producing fake coins with matching double dies to fool collectors.<\/p>\n\n\n\n

Roy asked coin collector Robert Teitelbaum to help him sell the coins, and they eventually made over $92,000.<\/p>\n\n\n\n

When Roy asked Robert to put a few coins into circulation in Washington, Robert turned them over to the Secret Service instead, ending the counterfeit ring.<\/p>\n\n\n\n

It’s believed less than 100 authentic 1969-S Doubled Die Obverse cents were produced.<\/p>\n\n\n\n

You can spot one by seeing if the date, “liberty,” and “in God we trust,” are all doubled up.<\/p>\n\n\n\n

An authentic coin will not have a double mint mark, since those were added later in production.<\/p>\n\n\n\n

These coins sell for upwards of $100,000, including one that sold for $126,500.<\/p>\n\n\n\n

More valuable pennies<\/h2>\n\n\n\n

Another rare and valuable penny is the 1992 Close AM Penny, with one example\u00a0selling for $5,000<\/a>\u00a0in a January auction.<\/p>\n\n\n\n

In a TikTok, Blake Alma of CoinHub<\/a> explained how to spot one of these rare coins.<\/p>\n\n\n\n

PCGS explained the Close AM penny was likely part of an experimental coin to see what a new design would look like on the back of the 1993 pennies.<\/p>\n\n\n\n

The front of the coin shows the 1992 year and has no mint marking beneath this date.<\/p>\n\n\n\n

On the back, the A and M in America are so close they’re almost touching.<\/p>\n\n\n\n

And older pieces like 1788 Massachusetts cent<\/a> are also very valuable.<\/p>\n\n\n\n

The design depicts an image of a Native American on the obverse holding a bow and arrow.<\/p>\n\n\n\n

Surrounding the image is the text \u201cCommon\u201d and \u201cWealth\u201d on opposite sides.  <\/p>\n\n\n\n

Also, the date is 1788, which can be spotted on the bottom center of the reverse.<\/p>\n\n\n\n

One in \u201cMS66BN,\u201d which is an uncirculated grade, sold for a total of $37,600 in a January 2015\u00a0auction<\/a>.<\/p>\n\n\n\n

Meanwhile, the 1788 penny that sold for $5,000 after 22 bids in the recent\u00a0eBay listing<\/a>\u00a0was certified by PCGS in a VF Detail grade.<\/p>\n\n\n\n

The Sun broke down how to find rare coins<\/a> including ones featuring Lincoln.<\/p>\n\n\n\n

Plus, see which coins could be\u00a0worth upwards of $260,000.<\/a><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

COIN collectors have been able to make over $100,00 from a single penny. Mistakes on\u00a0coins\u00a0make them especially valuable for collectors.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[254,3421],"tags":[3682,3621,888,3620],"_links":{"self":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/10635"}],"collection":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10635"}],"version-history":[{"count":1,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/10635\/revisions"}],"predecessor-version":[{"id":10639,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/10635\/revisions\/10639"}],"wp:attachment":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10635"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}