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Time of India
6 days ago
- Business
- Time of India
Don't toss your pennies—one could be worth $100,000
The U.S. Treasury may have stopped producing pennies to save an estimated $56 million, but before you clean out your coin jar, take a closer look—one of those copper coins could be worth a fortune. As reported by the GOBankingRates, a rare 2001-D Lincoln penny has become one of the most valuable error coins in circulation. Known as a "mule error", it was mistakenly minted with the reverse side of a Roosevelt dime. This coin features Abraham Lincoln's portrait on the front and a Roosevelt dime design on the back—a bizarre and highly prized combination among collectors. Fewer than ten of these mule coins are believed to exist, making them exceptionally rare. Even in worn condition, one could fetch $20,000 or more. In top condition, they've shattered records. As per CoinWeek, four auctions took place so far: PCGS MS66RD: Sold for $114,000 on June 17, 2021 PCGS MS65RD: Sold for $78,000 on February 24, 2022 Live Events PCGS MS65RD: Sold for $66,000 on August 24, 2022 PCGS MS66RD: Sold again for $114,000 on January 11, 2024 All four were auctioned by Heritage Auctions, which called the coin 'spectacularly rare.' The 2001-D mule penny was struck at the Denver Mint, and the origin of the error remains a mystery. While some speculate it was a genuine mistake, others debate whether the mix-up was intentional. Similar errors in the past include proof coins struck over outdated designs, coins missing inscriptions, and even coins minted on everyday objects. Still, whether by accident or oversight, these few mule coins slipped into circulation—and now they're worth a small fortune. So next time you spot a penny, don't be so quick to ignore it. You might just be holding a six-figure mistake.
Yahoo
6 days ago
- Business
- Yahoo
$100K Coin? Lincoln Pennies With Dime Reverse Sides Can Fetch Big Bucks
There used to be a saying — 'pennies make dimes and dimes make dollars' — that stressed the importance of saving your money (the phrase later showed up in a country song). Today, some Lincoln pennies can make you thousands of dollars on their own, and the reason, ironically, is that they were mistakenly produced with dime reverses. Up Next: For You: The penny in question is called the 2001-D Lincoln cent mule error coin. It is so rare that it has twice sold at auction for more than $100,000. The penny was struck at the Denver Mint in 2001 and features the usual portrait of Abraham Lincoln on the front or obverse. What it doesn't have is the normal Lincoln Memorial on the reverse. Instead, it mistakenly has a Roosevelt dime reverse. As with many error coins, there are questions about whether the Lincoln cent mule error coin was an intentional mistake. As CoinWeek noted, several curious errors have escaped the U.S. Mint over the years. These include modern proof coins struck over obsolete coins, coins with missing edge inscriptions and coins struck on everyday objects, such as an undated dime struck on a nail, as reported by the Chicago Tribune in 2015. 'The 2001-D Lincoln cent mule falls in the category of Mint errors that conceivably could have been produced by mistake and released unnoticed into circulation,' CoinWeek reported. Either way, these error coins are highly prized by collectors and often command fabulously high prices. Explore More: One of the few 2001-D Lincoln cent mule coins sold at auction through Heritage Auctions last year for six figures. It's the fourth such coin to sell at auction. Heritage Auctions also sold the other three at high prices, according to CoinWeek: PCGS MS66RD: sold for $114,000 on June 17, 2021 PCGS MS65RD: sold for $78,000 on Feb. 24, 2022 PCGS MS65RD: sold for $66,000 on Aug. 24, 2022 PCGS MS66RD: sold for $114,000 on Jan. 11, 2024 Before you go shuffling through your jar of pennies, you should know that CoinWeek called Lincoln cent mules 'spectacularly rare.' When you include the four mentioned above, the total might not reach double figures. Because they're so hard to find, even those in poor condition can fetch up to $20,000. More From GOBankingRates Mark Cuban Says Trump's Executive Order To Lower Medication Costs Has a 'Real Shot' -- Here's Why 3 Reasons Retired Boomers Shouldn't Give Their Kids a Living Inheritance (And 2 Reasons They Should) This article originally appeared on $100K Coin? Lincoln Pennies With Dime Reverse Sides Can Fetch Big Bucks
Yahoo
20-05-2025
- Business
- Yahoo
$100K Coin? Lincoln Pennies With Dime Reverse Sides Can Fetch Big Bucks
There used to be a saying — 'pennies make dimes and dimes make dollars' — that stressed the importance of saving your money (the phrase later showed up in a country song). Today, some Lincoln pennies can make you thousands of dollars on their own, and the reason, ironically, is that they were mistakenly produced with dime reverses. Up Next: For You: The penny in question is called the 2001-D Lincoln cent mule error coin. It is so rare that it has twice sold at auction for more than $100,000. The penny was struck at the Denver Mint in 2001 and features the usual portrait of Abraham Lincoln on the front or obverse. What it doesn't have is the normal Lincoln Memorial on the reverse. Instead, it mistakenly has a Roosevelt dime reverse. As with many error coins, there are questions about whether the Lincoln cent mule error coin was an intentional mistake. As CoinWeek noted, several curious errors have escaped the U.S. Mint over the years. These include modern proof coins struck over obsolete coins, coins with missing edge inscriptions and coins struck on everyday objects, such as an undated dime struck on a nail, as reported by the Chicago Tribune in 2015. 'The 2001-D Lincoln cent mule falls in the category of Mint errors that conceivably could have been produced by mistake and released unnoticed into circulation,' CoinWeek reported. Either way, these error coins are highly prized by collectors and often command fabulously high prices. Explore More: One of the few 2001-D Lincoln cent mule coins sold at auction through Heritage Auctions last year for six figures. It's the fourth such coin to sell at auction. Heritage Auctions also sold the other three at high prices, according to CoinWeek: PCGS MS66RD: sold for $114,000 on June 17, 2021 PCGS MS65RD: sold for $78,000 on Feb. 24, 2022 PCGS MS65RD: sold for $66,000 on Aug. 24, 2022 PCGS MS66RD: sold for $114,000 on Jan. 11, 2024 Before you go shuffling through your jar of pennies, you should know that CoinWeek called Lincoln cent mules 'spectacularly rare.' When you include the four mentioned above, the total might not reach double figures. Because they're so hard to find, even those in poor condition can fetch up to $20,000. More From GOBankingRates Here's the Minimum Salary Required To Be Considered Upper Class in 2025 The New Retirement Problem Boomers Are Facing This article originally appeared on $100K Coin? Lincoln Pennies With Dime Reverse Sides Can Fetch Big Bucks Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
