Valuable coins penny8/30/2023 The design of this first penny coin symbolized the spirit of the nation. From 1787 over 300 billion one-cent coins, with 11 different designs have been minted in the US.Ī first coin authorized as an official currency was the penny from 1792 and it was authorized by George Washington. The reason is that US one-cent coin was inspired by the British penny. On the other hand, in the US a penny is just another name for a count that is officially known as a one-cent coin. You all know that Great Britain officially has a denomination that is called the penny. Now you all must be confused I bet, however, did you know that the first pennies were made in 790 A.D? The word “penny” was originally a name for all coins and money not just a small denomination. The history of penny coins goes back more than 1,200 years ago. Luckily for you in this article, you will learn how to spot a rare penny worth money and effort! If you are ready to earn some big buck and learn new and interesting things make sure you read on! Short History Lesson About One-Cent Coin Those that are, tend to be very rare and hard to find. Or if you have the bad habit of discarding the loose pennies from your wallet hold off! You could be making thousands of dollars worth of mistakes! However, not all round pieces of copper are super valuable. I’m sure many of you are planning on sorting through your pocket change after reading this. In fact, they can be worth thousands or even millions of dollars, if you are lucky enough to stumble on those rare and valuable ones. This coin might seem worthless to you, however, for collectors this coin can carry a much bigger value than its face value. © 2023 NYP Holdings, Inc.In most cases, a penny is worth just one cent. “You can find this variety in both the Philadelphia and Denver minted types,” Shaun declared, claiming that possession of the coin could be “life-changing.” Twitter / describe this as the “Close AM” variety, and it will also feature the initials “FG” - for Frank Gasparro - engraved near the image of the Lincoln Memorial. “If you have a coin where the A and the M are nearly touching, then you have the rare variety.” “If you have a coin where the A and the M are nearly touching, then you have the rare variety,” Shaun stated. “Flip the coin over,” Shaun states in his viral video, instructing owners to look at the word “America” written on the reverse of the penny. Twitter / there are subtle differences that distinguish them - and it’s those that you need to watch out for. A coin expert has gone viral on TikTok after revealing that a rare type of 1992 Lincoln penny could be worth upwards of $26,000. They both feature a profile of Abraham Lincoln on the obverse side and an image of the Lincoln Memorial on the reverse side. The commemorative Lincoln coin was designed 30 years ago by US Mint Chief Engraver Frank Gasparro, but Shaun says there are two different types - and only one is super valuable.Īccording to the TikToker, both varieties initially appear almost identical. The expert, known only as Shaun, took to TikTok to share a video about the penny, which has garnered more than 30,000 views. Nickel for your thoughts? Antiquated coin costs 10.4¢ to makeĪ coin collector is urging Americans to check their change drawers to see if they’re in possession of a 1992 Lincoln penny worth a whopping $26,000. Secret stash of 1 million pennies discovered hidden in California home Man digs up 700 Civil War coins worth millions at Kentucky farm ‘Lost irretrievably’: German police find melted-down gold in search for stolen ancient Celtic coins
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