Coins often become valuable due to a combination of rarity, historical significance, and metal content. Among these factors, rarity typically holds the most weight. Some rare coins gain fame thanks to intriguing backstories, making them even more desirable to collectors.
One famous example is the 1943 copper Lincoln penny, mistakenly minted during a World War II copper shortage, now valued at up to $1 million. However, beyond the well-known examples, several lesser-known coins hold significant value in the collector’s market.
Below, we explore four rare coins that might be worth far more than their face value. Keep in mind that coins in the best condition fetch the highest prices.
1. 1970-S Small Date Lincoln Penny (Doubled Die Obverse)
A doubled die error occurs when a coin’s design is struck more than once, leading to a misaligned or doubled appearance of certain features. These mistakes are highly sought after in mint or near-mint condition.
In the 1970-S Small Date Lincoln Penny, the word “LIBERTY” appears less sharp compared to other versions. This subtle variation has made it a favorite among collectors. Its estimated value is around $3,500.
2. 1999 Wide ‘AM’ Reverse Lincoln Penny
This variety of the Lincoln penny was minted between 1998 and 2000, with the 1999 version being the rarest. The error occurred when a proof die, typically used for limited-edition coins, was accidentally employed for regular circulation coins.
The distinguishing feature is the spacing in the word “AMERICA.” In these rare coins, the letters “A” and “M” are clearly separated, unlike standard coins where the letters are much closer together. One of these coins sold for $3,960 at auction in 2020.
3. 1972 Lincoln Penny (Doubled Die Obverse)
Another example of a doubled die error can be found in the 1972 Lincoln penny. On this coin, the phrases “LIBERTY” and “IN GOD WE TRUST” display noticeable doubling on the obverse side.
The scarcity of coins with this particular error makes them highly valuable. In 2019, a specimen sold at auction for an impressive $14,400.
4. 1969-S Lincoln Penny (Doubled Die Obverse)
This coin is exceptionally rare and has an intriguing history. When the first examples of this coin were discovered, the U.S. Secret Service initially confiscated them, suspecting counterfeiting. It wasn’t until later that the Mint confirmed their authenticity.
Due to its rarity, the 1969-S Lincoln penny with a doubled die obverse is a prized collectible. In January 2024, one sold for an astounding $66,000.
Beware of Counterfeits
Collectors should remain vigilant, as rare coins like these are often counterfeited. Authentic examples should always be verified by trusted coin grading services before purchase or sale.
These hidden treasures could be hiding in your pocket change, so it’s worth examining coins closely—you never know what you might discover.
My Name is Chris Mueller , I Work as a Content Writer for Sugyan and I like Writing Articles
