Valuable spare change is a treasure that commonly goes unnoticed. People often underestimate the potential of those jingling coins in their pockets. Everyday coins like pennies and dimes could be worth more than their face value. In fact, a lot more…
The truth is, certain rare or unique coins can be worth thousands at auctions. What’s even crazier is the fact that some people have stumbled upon these valuable pieces in their loose change without even realizing it! Here’s a reality check – your spare change might not be so ‘spare’ after all.
Spare Change Can Get You Thousands of Dollars
When you check your pockets, it’s not unusual to come across some spare coins. You might not think much about these coins, but they could be more valuable than you realize. Your spare change may hold hidden treasures that are worth thousands if identified correctly. The trick is knowing what to look for and understanding the factors that increase coin value.
Identifying Valuable Coins in Your Spare Change
To spot potentially valuable coins in your pocket change, there are certain key details to watch out for. Error coins or those with unique features such as the follow tend to fetch higher prices from collectors:
- Double die errors
- Off-center strikes
- Repunched mint marks
Double Die Errors
Double die errors occur when a coin gets struck twice during minting, causing an image overlap or double impression on any part of it – date, lettering or design elements included.
A famous example is the 1955 Lincoln Wheat Penny with its noticeable doubling effect on one side. With only about 20-24k examples believed to exist today, they can fetch up to roughly $17,000 depending upon their condition.
An off-center strike happens when metal isn’t properly aligned with striking dies during production leading to missing parts of design. This is quite dramatic yet affordable compared with other error types like double strikes.
The value for such pieces varies based upon how far off center each specimen may be along with overall rarity factors including year and mint mark location. For example, a flying eagle cent from 1857 to 1858 can be worth around $10,000.
Repunched Mint Marks
Mint marks indicate where a particular coin was produced which includes the following examples:
- “D” stands for Denver
- “W” signifies West Point
- “S” is for San Francisco.
A repunched mint mark (RPM) error occurs if there’s a need for another punch after the first attempt lands slightly askew. This results in two visible impressions, a phenomenon known as RPMs. For instance, a 1887 O Silver Dollar with a specific repunch can be worth up to roughly $38,000!
How to Find That Lucky Coin Worth a Lot of Money in Your Pocket Change
Finding rare error coins in your spare change isn’t just about luck. It’s a process that requires careful strategy, sharp observation skills, and knowledge. You might be surprised where you can find valuable silver dollars or highly valued mint condition copper-plate steel coins. Your everyday transactions could result in exciting finds if you’re eagle-eyed enough. The change returned from purchases at local businesses or vending machines is one such source.
Banks also offer potential comeups; asking tellers for rolls of half dollars, quarters, dimes or pennies may reveal old or rare pieces overlooked by others. Some have even found success searching through coin roll hunting – buying rolls of coins from banks and sorting through them for collectible items.
What Coins Can Get You Over $10,000?
Your pocket change could contain coins of considerable worth. From pennies to quarters, some coins have unique features or errors that make them valuable. You may not realize it, but your coin purse could hold a small fortune in rare and highly valued currency. It’s like discovering a hidden gem right under your nose.
Examples Of High-Value Pennies
The 1943 copper penny is one such gem. During World War II, the majority of pennies were minted from steel instead of copper due to war-related demands for the latter metal. However, there was an error at the mint and a few lucky coppers slipped through – these are now worth up to $250,000 if found in good condition.
Quarters Worth More Than 25 Cents
You may be noticing a trend by now, but older coins can be worth a lot of money. Take for example the 1870 CC Seated Liberty Quarter. If you can get your hands on this old coin then it may be worth a lot (around $150,000).
Dimes That Are A Collector’s Dream
Spare dime? Check before spending it because the Mercury Dime (1916-1945) is a collector’s dream. Named after Roman god mercury, it actually depicts Lady Liberty wearing a winged cap symbolizing freedom of thought. It can be worth about $41,000.
Nickel’s Can be a Fortune
The most valuable coin on this list would have to be the 1913 Liberty Head Nickel. It is estimated to be worth approximately $4,228,955! Yes, if you find this coin, you may be able to become a millionaire. The reason for that is because there are just 5 known that were ever created.
The world of coin collection is a fascinating and rewarding one. With just a little knowledge and a careful eye, one can discover that the simple change in our pockets may not be so simple after all. Whether they are error coins, coins with unique mint marks, or rare editions that have somehow slipped through the cracks, these ‘hidden gems’ can be worth a small fortune. Checking your pocket change or asking for coin rolls from your local bank could reveal treasures that have been overlooked by others. So, the next time you receive your change from a transaction, don’t just toss it in your pocket. Take a moment to look at the coins – you may be holding onto a small piece of history that’s worth much more than its face value.