Common Coins and Profit

HOW THE COINS IN YOUR POCKET

MAY BE WORTH MORE THAN YOU

THINK

Now as many folks I just thought that the dime in my pocket was worth 10 cents, the quarter 25 cents and the penny, well just a penny.  A few months ago i started looking into coin errors and how much they can be worth.  And well I want to pass this on to you. This isnt everything so google “common coin errors”, “coin misstrikes”, etc. and you can find out a bunch more.  currently i havent made a dime on them yet, but i havent tried to sell them, but from my research the 5 dollars in various coins from pennies to 50 cent pieces i have around 200 bucks in errors!

There are so many different types of coin errors and mis-strikes, some easily seen some now, so go to this website and educate yourself, look through the coins you have in a jar and what comes into your hand at the register from time to time.  I spent many hours after reading this looking through my coin jar and found a few gems!  Makes me think how much has passed through my hands all these years!

QUARTERS


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2001-P Double Struck New York Quarter

Coin: 2001-P Double Struck New York Quarter
Estimated Value: $400 – $3000

Background: The coin is sadistic and is not satisfied being struck once. A production goof keeps the coin in the chamber for extra striking making a very odd looking coin.

How to spot it: Off center image doubling of Washington and the Statue of Liberty.

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2005 Minnesota State Quarters Errors

2005 Minnesota State Quarters. There are tons of error varieties of this state quarter…too many to list here. But, to simplify: if you look at the image below the most valuable of these errors have an “extra” tree.

Value: The average find will only be worth a few dollars (but that’s better than 25cents). Though you may luck out and find one worth $100-200. There are some gems like the “extra tree” as shown here worth up to $400- $800.

For more info and images see: this page about the error quarters and Ken Potter’s page detailing many varieties of these error coins.

 

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2004-D Wisconsin State Quarter with Extra Leaf

2004-D Wisconsin State Quarter With Extra Leaf. There are 2 varieties of this error – the “High Leaf” and the “Low Leaf”. In the image below the “High Leaf” error is illustrated (poorly) by the blue line, and the “Low Leaf” with the green line. For more info and images check the links below.

Value: Coin experts seem to be all over the place with valuing this coin. Certified and in awesome condition they are priced at $1500+ on ebay….however $200-$300 (for M60 or better) seems like a more reasonable price for high-grade certified coins. If you find one in your change, you could expect it to be worth $20 – $200 on average. Worth keeping an eye out on, for sure!

More info and images: Ken Potter explains and illustrates the extra leaf errors, and speculates on value. Also see this guide from an eBay member for more images and pricing info.

 

For more info on recent state quarter misstrikes click HERE

DIMES


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1982 “No P” Dime

Coin: 1982 “No P” Dime
Estimated Value: $100+ (just saw one on ebay for $3000)

Background: Before 1980, dimes minted in Philadelphia didn’t have a mint mark. Starting that year, a small letter “P” was placed on Philly dimes above the date.

In 1982 an error occurred when the mint mark was omitted from a small number of dimes, leaving them p-less.

How to spot it: 1982 dime, with no “p” above the date. Of course, this could be easy to fake — an expert would need to authenticate the coin.

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1965 Silver Dime

Coin: 1965 Silver Dime
Estimated Value: $9000+

Background: The official production of silver dimes were discontinued in 1964.

Beginning in 1965 dimes were made out of copper and nickel. A silver 1965 dime is a mistake (and a rare one).

Only a few have been found, but more are believed to still be in circulation.

How to spot it: The silver coin has a silver edge; the common copper/nickel coin has a strip of brown around the edge.

A silver dime weighs 2.50 grams, while a copper/nickel dime weighs 2.27 grams

More Dimes to look for:

1946 Dime – Lots of Double Die errors for this year. Save your dimes from this year. Value: $1+

1947 Dime – “S over D”. Rare dime worth $350+ at higher grades. (far less for average condition coins).

1950 Dime – “S over D” error – Rare and worth $500+ for higher grades. (again, expect a lot less for average condition coins).

NICKELS

Nickels to look for:

1942-1945 Nickels – Most of these “War Nickels” are 35% silver. Value: Worth at least $1+ each. Many worth more.

 

I had a blog post on nickels and their potential for future investment, but as always dont take my word for it, research, learn and decide for yourself.

The Nickel And You

PENNY

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1943 Copper Penny

 

Coin: 1943 Copper Penny
Estimated Value: $10,000 – $100,000+

 

Background: Most circulating pennies at that time were struck in zinc-coated steel because copper and nickel were needed for the the war.

About 40 1943 copper cents are estimated to remain in existence, and only about a dozen confirmed to exist.

 They were most likely made by accident when copper blanks remained in the press as production began on the new steel pennies.

In 2008, Steve Contursi sold a 1943-S authenticated copper wheat penny for more than $100,000 to a private collector. Contursi had bought the coin only a week earlier for about $72,000. Nice profit.

How to spot it: The easiest way to determine if your 1943 cent is copper (and valuable) is to test it with a magnet. If it sticks to the magnet, it is a steel penny, and not valuable (but still pretty nifty).

If it does not stick, then you might have hit the jackpot…have a expert authenticate your coin, but be prepared for disappointment: there are many counterfeits of this coin.

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1955 Double Die Penny

Coin: 1955 Double Die Penny
Estimated Value: $300 – $25,000+

Background: Double dies are caused when from a misalignment during the production of a coin.

About 24,000 1955 double die cents were put into circulation.

In un circulated condition, the 1955 Double Die wheat penny is worth over $25,000. Even circulated versions of the 1955 Double Die are worth $300-$1000+ depending on condition.

How to spot it: The doubling of the letters and numbers on this coin is pretty easy to see. Rare, but not too rare… these pop-up at auction every once and a while.

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1998, 1999, and 2000 Lincoln Cent Wide “AM” Reverse – aka: WAM

Here is another penny (actually 3 pennies) to look out for. The 1998, 1999, and 2000 Lincoln pennies have a variety known as the “Wide AM Reverse”. The AM in “America” is separated in the Wide variety, with the letter M centered between the A and E.

In comparison; the letters AM are super close or touching in the normal versions.

The second identifying feature of the rare “Wide AM” variety: The minters initials “FG” appear closer to the memorial building.

More info and images: Can be found here. Also see this forum discussion on the 1998 Wide AM cent with some additional photos and references.

Value: Average finds would be valued around $35. But very rare specimens certified of high grade could fetch over $600, with 1999 being the most valuable year for the Wide AM cents.

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1984 & 1997 Lincoln Cent Double Ear

Make sure you put your pennies from 1984 and 1997 aside to have a better look at under a magnifying glass.

These cents feature a bonus ear lobe, caused by a double striking from the die. Please look at the links below for more info and images.

Value: Like all coins, the value is heavily influenced by condition. Even in (good) circulated condition, you could fetch about $50+ for a 1997 or $150+ for the 1984 Double Ear. Certified examples with a strong flaw in very good condition sell retail for $250.00+

For more info and images: 1984 Double Ear and 1997 Double Ear on Ken Potter’s website.

 

Other Pennies to look for:

1972 Penny – Doubling on the “2″ of 1972. Value: $5

1982 Penny – Doubling “IN GOD WE TRUST”. Value: $15-$35

1989 Penny – No VBD. Value: About 25 cents each.

1995 Penny Doubled Die – On Obverse. LIBERTY is doubled. Value: About $30.

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