IT may be time to check your change as you could have a Lincoln penny worth anywhere from $200,000 up to $500,000.
Coin expert by the name of thebowerscoinshow on TikTok has tons of videos educating other collectors on what makes certain coins more valuable than others.
Bowers typically focuses on one coin per video but this time spoke about two.
The collector listed the 1985 penny and the 1943 steel penny.
Recently the coin lover posted a TikTok detailing the exacts factors to check for.
The 1985 penny should have a D signifying it was minted in Denver.
But, if you look closely at the mintmark and see a line going through the D, your penny could be worth anywhere from $30 to $40.
It’s called the repunch mintmark error.
This happens when the letter punch used to punch the mintmark into the working die leaves multiple impressions.
However, it’s the 1943 copper penny to keep an eye out for.
The 1943 penny, and nearly every other coin from that year, was made from steel.
Although, some pennies were made from copper instead and those ones can be worth big bucks.
The coin expert said some can sell anywhere from $200,000 to $500,000.
If you aren’t sure how to tell if your 1943 penny is steel or copper, use a magnet.
If the magnet sticks then your penny, it’s steel but if it doesn’t then it’s copper.
Other valuable details
The Double Die error happens when the metal pieces used to create the coin’s features strike multiple times to embed the image or text.
However, when the die strike is misaligned, letters, numbers and images on some coins get marked twice in slightly different places.
These tend to be pretty easy to spot as the error is fairly noticeable.
The other important factor is the missing mintmark.
While many coins are missing a mintmark, the value is found in the intention: if it’s left out on accident or on purpose.
If the mintmark is left out on accident, that’s when collectors will pay big bucks.
How to find rare coins
There are many ways you can find rare coins.
But first, make sure you research the coin first and know what it’s worth before buying.
Typically, the most valuable coins are ones with a low mintage or an error, as it makes them rare.
You could try to get a good deal online through eBay, where rare coins are frequently auctioned.
You just need to search the full coin name, select the “sold” listing and then toggle the search to “highest value”.
If your coins are rare and valuable, you can sell them on eBay or go through a specialist site such as Coinappraiser or USA Coin Book.
The Sun reveals how a money collector shared the exact detail that makes a $20 bill worth up to $400,000.
Plus, this is how your quarter could be worth up to $6,000, see the exact detail to look for.