Rare circulated Lincoln penny sells for $901 online – and you might have one in your piggy bank
MANY people do not realize that some coins are worth more than their face value.
For instance, a 1922 Lincoln penny sold for $901 on eBay in February.
So the next time you are digging around in your pocketbook, you might want to check to see if you have one.
In general, valuable coins have a low mintage or another unique element such as an error.
The Lincoln pennies were only struck at the Denver mint in 1922.
In total, more than 7.1million pennies were minted, which is considerably lower than other years.
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Generally, three different types of pennies are produced at the same time.
In addition to the low mintage, some pennies that were struck in 1922 have an error.
According to Jamie Hernandez, price guide editor for Professional Coin Grading 3Service (PCGS), all 1922 pennies should bear a D mint mark, but there was “sloppiness in the production process”.
Therefore, some of these 1922 Lincoln pennies do not have D mint mark making them even more valuable.
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Of that no D mark coins, 25,000 are estimated to have been minted with “perhaps” 10,000 pieces surviving, according to collector’s guide Lincoln Cents.
The coin in the eBay listing, which didn't feature a D mint mark, sold for $900.93 on February 24 after attracting 57 bids.
The coin is said to have been circulated, meaning you may be able to find it in your spare change or piggy bank.
To see if your 1922 Lincoln penny is missing a mint mark, you can check to see if a D is missing on the obverse side of the coin below the date.
How to find rare coins
You can find rare coins everywhere. You just have to know where to look for them.
Sometimes, you can even find them in your home.
Change is often found in people's couches, pockets of clothes and drawers, and one of these coins could be worth a big chunk of cash.
You can also visit auction houses, antique stores, pawnshops and coin collecting clubs.
Finally, you can get your hands on some valuable coins by purchasing them online through USA Coin Book or eBay.
However, before you put in your card details on these sites, you will want to do your research and make sure the listing is from a credible seller.
In other coin news, a rare dollar recently sold for $3,061.
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The Sun also explains the Roosevelt 1982 dime and what makes the coin worth up to $300.
Plus, we show you how to find rare coins including ones featuring Lincoln.
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