If you have old US coins, check your pocket, piggy bank or piggy bank immediately! A coin expert has revealed that four rare US coins can change your luck and make you a millionaire. Many times we do not even realize that the simple-looking coins kept with us can be worth millions. A creator named CoinCollectingWizard on TikTok, who has more than 200,000 followers, told how people can identify rare coins hidden among the coins lying in their pockets.
How is the price of rare coins decided?
Although these coins can be worth up to $3.7 million, their value depends on many factors. According to coin collectors, the price of a coin is based on its design, condition, and its availability. If a coin is still in circulation but is rare, its price may be high. On the other hand, if a coin was made in very limited numbers, its value may be even higher. The design of the coin also affects its price, as coins with certain designs are considered historically significant.
1913 Liberty Head Nickel – Extremely Rare and Priceless
The 1913 Liberty Head Nickel is one of the rarest and most valuable coins in American history. Only 5 copies of it were made, two of which are kept in museums. Its design makes it especially unique, as it is among the coins that were made unauthorizedly by the US Mint Department. This is why this coin is counted among the rarest and most prestigious coins. In 1972, a copy of this coin was sold for $100,000, and later, in 2010, its auction price reached $3.7 million.
1969-S Lincoln Cent – Priceless Because of the Double Die
The 1969-S Lincoln Cent coin, which was made at the Mint in San Francisco, is one of the rarest coins. This coin is so special because it has a “double die obverse” effect, which means that some features of the design appear to be slightly printed twice. This effect makes the coin unique and stands out from other coins. The coin was discovered in 2014 by a Texas woman while she was looking through rolls of coins. At the time, the coin received an AU50 grade and was valued at around $40,000.
1972 Lincoln Cent – Price Increased Due to Rarity
The 1972 Lincoln Cent coin may be even more valuable than the 1969-S coin because the double die effect can be seen even more clearly. The most special thing about this coin is that President Lincoln’s face appears normal, but the words and numbers around him appear to be printed twice with slight overlapping. Coin experts say that “if this coin is in good condition, it can be worth up to $400, but if it is in excellent condition, its value can be several times more.”
1933 Gold Double Eagle – The most beautiful coin in history
The 1933 Gold Double Eagle coin is considered to be the most beautiful and rarest coin in American history. It was a $20 gold coin, which was withdrawn from the public on the orders of US President Franklin D. Roosevelt during the Great Depression. The government collected 445,500 double eagle coins and turned them into gold bars. Only two coins were officially stored in the Smithsonian Institution, but some clever people saved 20 double eagle coins from the Philadelphia Mint. This is why this coin is considered “The Holy Grail,” i.e., the most precious treasure for American coin collectors. In 2021, the price of this coin reached $19 million at auction.
Check the coins in your pocket; it may be your turn for luck
If you also want to check the coins in your pocket, then pay attention to identify these rare coins. The price of a coin is estimated keeping in mind its mint mark, design, condition and rarity. Sometimes coins that seem ordinary can be of extraordinary value. So the next time you look at your old coins, do check whether you have any of these rare coins, because it can make you a millionaire overnight!
FAQs
Q. What makes a coin valuable?
A. A coin’s value depends on its rarity, condition, mint mark, and historical significance.
Q. How can I check if my coin is rare?
A. Look for unique mint marks, errors, low mintage numbers, and double die features.
Q. Which American coin is worth the most money?
A. The 1933 Gold Double Eagle is one of the most valuable, selling for $19 million.
Q. Where can I sell rare coins?
A. You can sell rare coins at auctions, coin dealers, online marketplaces, or coin shows.
Q. Are old coins always valuable?
A. Not necessarily. A coin’s value depends on its rarity, demand, and condition, not just its age.