{"id":10894,"date":"2022-09-20T17:45:54","date_gmt":"2022-09-20T22:45:54","guid":{"rendered":"http:\/\/blog.jlbn.net\/?p=10894"},"modified":"2022-09-20T17:45:55","modified_gmt":"2022-09-20T22:45:55","slug":"pretty-penny-im-a-coin-collector-a-penny-sold-for-336000-what-to-look-for-and-how-to-find-one","status":"publish","type":"post","link":"http:\/\/blog.jlbn.net\/?p=10894","title":{"rendered":"PRETTY PENNY I\u2019m a coin collector \u2013 a penny sold for $336,000 \u2013 what to look for and how to find one"},"content":{"rendered":"\n<p>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.<\/p>\n\n\n\n<p>The expert and coin collector, who goes by the name\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.tiktok.com\/@the_coin_guy\" target=\"_blank\">the_coin_guy<\/a>\u00a0on TikTok,\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.tiktok.com\/@the_coin_guy\/video\/7144162045477408042?is_copy_url=1&amp;is_from_webapp=v1&amp;item_id=7144162045477408042\" target=\"_blank\">shared<\/a>\u00a0how a 1958 Lincoln penny\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.pcgs.com\/auctionprices\/item\/1958-1c-doubled-die-obverse-rd\/92848\/3322930774724602190\" target=\"_blank\">sold for six figures<\/a>.<\/p>\n\n\n\n<p>The collector, who typically posts videos about all kinds of coins and the exact details on what makes them&nbsp;<a href=\"https:\/\/www.the-sun.com\/topic\/rare-coins-and-valuable-notes\/\">rare or valuable<\/a>, said to look for one thing in particular: the Doubled Die Obverse.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.the-sun.com\/money\/5922678\/expert-double-die-lincoln-cent\/\">Double die<\/a>&nbsp;refers to an error that happens during the strike process making these pennies very valuable.<\/p>\n\n\n\n<h2>The exact details to look for<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"http:\/\/blog.jlbn.net\/wp-content\/uploads\/2022\/09\/penny_1958_details.png\"><img loading=\"lazy\" width=\"541\" height=\"303\" src=\"http:\/\/blog.jlbn.net\/wp-content\/uploads\/2022\/09\/penny_1958_details.png\" alt=\"\" class=\"wp-image-10895\" srcset=\"http:\/\/blog.jlbn.net\/wp-content\/uploads\/2022\/09\/penny_1958_details.png 541w, http:\/\/blog.jlbn.net\/wp-content\/uploads\/2022\/09\/penny_1958_details-300x168.png 300w\" sizes=\"(max-width: 541px) 100vw, 541px\" \/><\/a><\/figure>\n\n\n\n<p>Altogether, there are three things to watch for with this particular penny: the date, missing mintmark, the words LIBERTY, and IN GOD WE TRUST.<\/p>\n\n\n\n<p>If any of these parts have doubling on them, you may be in luck.<\/p>\n\n\n\n<p>The Double Die error happens when the metal pieces used to create the coin\u2019s features strike multiple times to embed the image or text.<\/p>\n\n\n\n<p>However, when the die strike is misaligned, letters, numbers and images on some coins get marked twice in slightly different places.<\/p>\n\n\n\n<p>These tend to be pretty easy to spot as the error is fairly noticeable.<\/p>\n\n\n\n<p>The other important factor is the missing mintmark.<\/p>\n\n\n\n<p>While many coins are missing a mintmark, the value is found in the intention: if it&#8217;s left out on accident or on purpose.<\/p>\n\n\n\n<p>If the mintmark is left out on accident, that&#8217;s when collectors will pay big bucks.<\/p>\n\n\n\n<p>This particular penny is one of three that has been graded by the Professional Coin Grading Services (PCGS) selling for $336,000.<\/p>\n\n\n\n<h2>Check your coin&#8217;s worth<\/h2>\n\n\n\n<p>Make sure to check your spare change for any rare&nbsp;<a href=\"https:\/\/www.the-sun.com\/money\/5262962\/lincoln-coin-roll-sold\/\">pennies,<\/a>&nbsp;<a href=\"https:\/\/www.the-sun.com\/money\/4047861\/most-valuable-rare-nickels-jefferson\/\">nickels<\/a>,&nbsp;<a href=\"https:\/\/www.the-sun.com\/money\/4026274\/most-valuable-rare-dimes\/\">dimes<\/a>&nbsp;and other coins as many of them could sell for thousands.<\/p>\n\n\n\n<p>Typically, the most valuable coins are ones with a low mintage or an error, as collectors find those coins are some of the rarest.<\/p>\n\n\n\n<p>Additionally, coin experts will pay top dollar if they are also well-struck.<\/p>\n\n\n\n<p>A great website to check if your coins are worth anything is eBay.<\/p>\n\n\n\n<p>You just need to search the full coin name, select the &#8220;sold&#8221; listing and then toggle the search to &#8220;highest value\u201d.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>The Sun revealed how\u00a0<a href=\"https:\/\/www.the-sun.com\/money\/6221333\/rare-coin-collector-nickel-worth-thousands\/\">your nickel<\/a>\u00a0could be worth up to $8,000 and how this\u00a0<a href=\"https:\/\/www.the-sun.com\/money\/6210954\/penny-could-be-worth-millions\/\">1974 penny<\/a>\u00a0could be worth $2million.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A COIN collector has opened up about why certain pocket change can fetch an enormous sum, and it all has<\/p>\n","protected":false},"author":1,"featured_media":10896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[254,3421],"tags":[3621,888,3620],"_links":{"self":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/10894"}],"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=10894"}],"version-history":[{"count":1,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/10894\/revisions"}],"predecessor-version":[{"id":10897,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/10894\/revisions\/10897"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/media\/10896"}],"wp:attachment":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10894"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}