A rare 1914 Lincoln penny sells for $325 online
YOUR spare change can be worth much more than you think.
Coin collectors designate certain coins as “key date” coins, meaning they are rarer or harder to find than others in their series.
For example, the 1982-No S Roosevelt penny is rare among dimes featuring Franklin Roosevelt, making it a key date penny.
Another key date coin – a 1914-D Lincoln wheat penny – recently sold on eBay for $325.
The 1914-D Lincoln penny
US President Abraham Lincoln has been on the penny since 1909, and many coins bearing his likeness are worth hundreds or thousands.
The 1914-D cent is far from the most valuable Lincoln coin, but it is particularly rare.
The “D” in the coin’s name indicates that it was minted in Denver.
You can find a small letter printed under the mint year next to Lincoln’s face to determine where a penny was minted.
Less than 1.2 million Lincoln pennies were minted in Denver in 1914, compared to 75 million in Philadelphia.
how much is it worth
As with all coins, the value of a 1914 penny generally depends on its quality and condition.
If you find the Philadelphia mintage, it is unfortunately worth just over $1 in average condition, according to the USA Coin Book.
However, if it is a piece of evidence, it could be worth $563.
Exhibit D, on the other hand, is valued at $278 on average and could be worth $3,664 when new.
This recently sold coin was professionally graded at “Very Fine-20” and seller quoted at $1.
After receiving 26 bids, the coin eventually sold for $325.
How to find rare coins
There are many ways to find rare coins.
The first thing you’ll want to do is check out places in your house or any places you might be storing loose change.
You can also try using a metal detector in areas known for buried treasure by stopping at your local bank and asking for a roll of coins.
In addition to key date coins, currency with errors can also be very valuable.
To check if your coins are worth anything on eBay, search for the full name, select the “sold” listing, then switch the search to “highest value”.
This way you will get an idea of what collectors are willing to pay for your coins.
You can choose to sell the coin on eBay or through a specialized site such as Coinappraiser or USA Coin Book.
And also – be aware of potential counterfeits when buying online.
To avoid this, it is worth checking the history of the seller and finding out whether the part has been certified in the list or not.
For more on Lincoln pennies, we explained the 1944 steel coin and what makes it worth $1.1 million.
And we also explained the value of the 1969 Lincoln penny.
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