Discovering rare pennies in your pocket change can be both an exciting and rewarding endeavor. While many pennies are worth their face value, certain rare specimens can be worth significantly more. This guide will help you identify some of the most valuable pennies that might be hiding in your everyday transactions.
1943 Copper Wheat Penny:
During World War II, pennies were primarily made from steel to conserve copper. However, a few copper pennies were mistakenly minted in 1943. These rare coins can fetch substantial amounts, with one reportedly selling for $840,000.
1969-S Doubled Die Obverse:
This penny features a noticeable doubling of the date and lettering on the obverse side. Authentic examples are scarce and highly sought after by collectors.
1970-S Small Date:
The 1970-S penny has two date varieties: large date and small date. The small date variety is less common and can be more valuable, especially in higher grades.
1992 Close AM:
On the reverse side of some 1992 pennies, the letters “A” and “M” in “AMERICA” are closer together than usual. This “Close AM” variety is rare and can be worth more than its face value.
1999 Wide AM: Conversely, some 1999 pennies exhibit a wider gap between the “A” and “M” in “AMERICA” on the reverse side. This “Wide AM” variety is also considered rare.
Tips for Finding Rare Pennies
- Examine Your Change: Regularly check your pocket change for any unusual pennies. You never know when you might come across a rare find.
- Coin Roll Hunting: Purchase rolls of pennies from banks and search through them for rare varieties. This method increases your chances of finding valuable coins.
- Educate Yourself: Familiarize yourself with the characteristics of rare pennies, such as mint marks, dates, and design anomalies.
- Use Proper Tools: Invest in a magnifying glass or loupe to closely inspect coins for errors and variations.
Finding rare pennies in your pocket change is akin to a modern-day treasure hunt. By staying vigilant and informed, you can enhance your chances of discovering these hidden gems. Whether you’re a seasoned collector or a curious novice, the thrill of uncovering a valuable penny is a rewarding experience.
FAQ’s:
How can I tell if my 1943 penny is copper or steel?
A simple test involves using a magnet. Copper pennies are not magnetic, so if your 1943 penny sticks to a magnet, it’s made of steel.
What is a doubled die penny?
A doubled die penny occurs when the coin is struck twice with a misaligned die, resulting in overlapping images, particularly noticeable in the date and lettering.
Are pennies with mint errors valuable?
Yes, pennies with mint errors, such as off-center strikes or die cracks, can be valuable, depending on the rarity and severity of the error.
Where can I sell my rare pennies?
You can sell rare pennies to coin dealers, at coin shows, or through online auction platforms. It’s advisable to have your coins appraised by a professional to determine their value.
How should I store my valuable pennies?
Store valuable pennies in a cool, dry place, preferably in protective coin holders or albums, to prevent damage and preserve their condition.
