There are many common coins in the United States that are worth much more than their current value, and these coins can make ordinary Americans millionaires overnight. These coins have high prices for various reasons, such as mistakes in their manufacture or being released in limited editions. Could it be that you have a small fortune of these coins hidden in your change jar or purse? Pacific Precious Metals’ collection expert, Dan Barrett, has some advice on what you should look for in your pocket change: These are the things you should look for.
1. 1913 Liberty Head Nickel
The 1913 Liberty Head nickel represents the greatest holy grail for coin collectors in the United States. Only five such coins were minted, which is why these coins have acquired legend status in the field of numismatics (collecting coins and money) due to their extreme rarity.
- Price: A 1913 Liberty Head nickel has fetched an extraordinary price of up to $4.2 million at auction.
- What to look for: It is very important to verify the authenticity of this coin. If you find a 1913 Liberty Head nickel, it should be properly authenticated. Even any fake version of it may indicate an interesting historical object.
2. 1943 Copper Penny
During World War II, the United States Mint decided to produce steel pennies in order to conserve copper for the war effort. A significant printing error occurred in 1943 when some pennies were mistakenly made from copper. This incident is considered one of the most famous printing errors.
- Value: A 1943 copper penny, depending on its condition, can sell for over a hundred thousand dollars.
- What to look for: If you find a 1943 penny, check it with a magnet. If your penny does not stick to the magnet, it may be the rare copper variant, while steel pennies will stick. It is important to seek assistance from a trained professional to identify these priceless coins.
3. 1955 Doubled Die Penny
This particular coin is very collectible because it was struck with a major printing mistake, causing the date and words to appear double. This mistake is most clearly visible on words such as “1955,” “Liberty,” and “In God We Trust.”
- Value: The 1955 Doubled Die Penny can be worth $1,000 to $1,500 depending on the condition of the coin. These coins can have even greater value if perfect in condition.
- What to look for: Look at your penny under a magnifying glass. The doubling effect is clearly visible here, which can be identified if observed carefully.
4. 2004 Wisconsin State Quarter – Extra Leaf
In 2004 a hidden but important fault is found in some quarters of the state of Wisconsin. This error is reflected in the appearance of an extra “leaf” on the maize plant on the reverse side of the coin. There are two types of this fault: high extra card and low extra card.
- Price: These fault quarters can fetch up to $1,500.
- What to look for: If you have a 2004 Wisconsin state quarter, carefully inspect the corn plant. If you see an extra card, you may have a valuable error coin.
5. 1974 Aluminum Penny
In 1974, the United States Mint produced some aluminum pennies as part of an experiment aimed at reducing production costs. Although this initiative was eventually cancelled, some coins were never returned, making them very rare and highly valuable.
- Value: If one of these coins is found, it could be worth more than $200,000.
- What to look for: These pennies are very light and have a silvery color. If you think you have found such a coin, immediately seek expert help to ensure its authenticity.
Advice on Analyzing Rare Coins
Dan Barrett emphasizes that coins be cared for properly. If coins are mishandled, soiled, or scratched, their value can decrease significantly. If you want to handle potentially valuable coins properly in the future, here are some tips:
- Handle coins with care: To avoid leaving thumb and finger marks, you can wear cotton gloves or hold the coins by their edges only.
- Avoid cleaning: Cleaning coins can damage their surface, reducing their value. Keep the coins in their current condition and seek expert advice.
- Have your coins identified and graded by a recognized numismatic expert, such as PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Company). This will ensure that your coins are of the highest quality.
Could You Possibly be Sitting on a Fortune?
It’s possible that that jar of coins on your dresser or that loose coin in your pocket is worth more than you think. Take some time to examine your coins carefully; You may find a rare coin that is worth thousands or even millions of dollars. It is important to keep in mind that sometimes just one amazing discovery can change your whole life.
Pro Tip:
Share this guide with your family and friends. It is difficult to tell which person is hiding a valuable treasure in his pocket, sometimes we find it without our knowing.
FAQ’s
How can I identify a valuable mistake coin?
Double effects, extra design elements, and misalignments are unusual. A trained appraiser can confirm a rare mistake coin.
Where can I authenticate and grade coins?
Coin certification is available from PCGS or NGC. A high grade from one of these services can boost a coin’s worth.
Why is the 1913 Liberty Head nickel valuable?
One of the most valuable coins in collecting due to its rarity (only five exist) and historical significance.
Could all state quarters be valuable?
Some state quarter flaws, like the 2004 Wisconsin additional leaf, are valuable.