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Newsweek
27-05-2025
- Business
- Newsweek
Some Pennies Are Worth Hundreds of Dollars: How to Check Value by Year
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Americans may have pennies worth hundreds of dollars hiding in their piggy banks. Depending on the year, mint and condition, a Lincoln Wheat penny can be valued anywhere from several hundred to even millions of dollars. Why It Matters The U.S. Treasury Department announced this month that it plans to stop manufacturing the penny. However, some of the remaining pennies in your wallet or piggy bank can be worth a significant amount of money if you know what to look for. What To Know Pennies produced from 1905 to 1958 are highly collectible and feature an image of former President Abraham Lincoln on the front, with the reverse side displaying two sheaves of wheat. Depending on their year and mint, they could be worth a fortune. For instance, the 1943-D Lincoln Bronze Wheat Penny is valued at a whopping $2.3 million in uncirculated mint condition. This is because some were produced mistakenly with copper in 1943, making them highly rare. If in less-than-ideal mint condition, the penny could still be worth $100,000 or more. Pennies are displayed at Glenview Coin & Collectibles in Glenview, Illinois, on July 6, 2006. Pennies are displayed at Glenview Coin & Collectibles in Glenview, Illinois, on July 6, find this rare type of penny, look for the 1943 mint year. If you indeed have that year, you may want to consult a coin expert to determine the value of the penny. Other valuable coins include the 1944-S Steel Wheat Penny, estimated to be worth $1.1 million. Only two copies of the San Francisco-minted version of the penny are known to exist. The 1793 Strawberry Leaf Cent, meanwhile, is worth $862,500. There are many free online tools to help you determine the value of your coin. On you can look up the value of a penny based on its year, mint mark, and condition. What People Are Saying Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, told Newsweek: "The good news is you may have some stray pennies in your home that are worth more than a cent. The bad news is the likelihood of them being worth significantly more than a cent are low. Outside of a few variations that are in low will be worth just a tad more than their original value. Michael Ryan, a finance expert and the founder of told Newsweek: "While most wheat pennies are pocket change, the rare ones can buy you a house. A 1943 copper penny recently sold for $840,000. That's a heckuva ROI (return on investment) for something that started as one cent." What Happens Next Beene said it may be worth your time to check spare change and look online for values of the variants you find. "These pennies are normally a [gateway] into collecting, given they aren't too pricey for new buyers, so finding one may create some more change in your piggy bank," he said. Error coins are generally considered jackpots in the coin-collecting world, and low mintage will likely result in higher prices. "Condition is everything," Ryan said. "The difference between a worn coin and mint condition can be $5 versus $50,000."
Yahoo
19-05-2025
- General
- Yahoo
6 Rare Coins Worth Hundreds That Are Highly Coveted by Coin Collectors
It's hard to believe, but those old coins in your grandma's attic could actually be treasure. For collectors around the country who are passionate about the special histories and aesthetics of these coins, they're priceless — though they do have to put a cost to these coins, sometimes in the hundreds or even thousands of dollars. Explore More: For You: Of course, if you think you have any rare or high-value coins in your possession, your best bet is to take them to a professional collector to get them evaluated. And there are some coins that they might be especially excited to see under the magnifying glass. Here are six coins worth hundreds that are highly coveted by coin collectors. This famous coin dates all the way back to Ancient Greece. One side of the coin shows a soldier riding a horse, and the other depicts a tale about the son of Poseidon riding a dolphin sent by his father after a shipwreck. While you might think a highly coveted coin from ancient Greece would cost millions of dollars, the U.S. Gold Bureau listed it for only $795 late last year. If any organization — other than a numismatics society or other coin collecting group, that is — would know about sorting through old coins, it's Goodwill. The Goodwill blog devoted one piece specifically to coins that collectors would love, and it included the 2004 Wisconsin state quarter known for a unique error — an extra leaf on the corn stalk. Collectors love the distinct look and rarity of these coins. Today, you can find them on eBay for prices like $849. Find Out: According to Gainesville Coins, the 1914-D Lincoln Wheat cent had a very low mintage in its series for its year. The rarity of this coin makes it worth at least $175 to collectors. Also known as the Winged Liberty Head dime, this model, which was minted in 1916, is as beautiful as it is rare. Gainesville Coins shared that there were only 264,000 coins minted, which means collectors are especially glad to see this coin that bears the visage of the Roman god Mercury in front of them. These coins can go for around $800. Precious metals dealer Apmex is currently selling one in almost good condition for $832. Gainesville Coins called the Peace Dollar a 'beloved' model, and it's not hard to see why with its elegant and inspiring design. The coins from the 1921 mintage were created with a high relief design that was beautiful to look at but not exactly conducive for everyday use, requiring the relief to be lowered. Gainesville Coins priced them at $125 at least. Rare Collectibles TV is selling one for nearly $240. Did you know that before 1933, gold coins were minted as everyday money? They were, and Gainesville Coins shared that these coins are 90% pure gold. They're popular with coin collectors and gold investors alike. According to Gainesville Coins, these can go for at least $150. More From GOBankingRates Surprising Items People Are Stocking Up On Before Tariff Pains Hit: Is It Smart? The Most Expensive Disney Merchandise Ever Sold -- and Who's Buying It 8 Common Mistakes Retirees Make With Their Social Security Checks This article originally appeared on 6 Rare Coins Worth Hundreds That Are Highly Coveted by Coin Collectors 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
