Coin collecting isn’t just a hobby; it can be a lucrative investment, especially when it comes to rare error coins. These unique pieces, born from minting mistakes, are highly sought after by collectors and can fetch impressive sums.
Below is a list of seven rare error coins that might be hiding in your collection, each worth over $1,000.
1. 1943 Bronze Lincoln Cent
During World War II, the U.S. Mint switched from copper to zinc-coated steel for penny production to conserve copper for the war effort. However, a few bronze planchets from 1942 were mistakenly used in 1943, resulting in the rare 1943 Bronze Lincoln Cent. One such coin sold for $840,000, making it one of the most valuable error coins in existence.
2. 1955 Doubled Die Lincoln Cent
The 1955 Doubled Die Lincoln Cent features a prominent doubling of the date and inscriptions on the obverse side, caused by a misalignment during the minting process. This error is easily visible to the naked eye, and these coins can sell for over $1,000, depending on their condition.
3. 1969-S Doubled Die Obverse Lincoln Cent
Similar to the 1955 version, the 1969-S Doubled Die Obverse Lincoln Cent displays noticeable doubling on the obverse inscriptions and date. Due to its rarity and demand among collectors, high-grade specimens have been known to sell for $35,000 or more.
4. 1970-S Small Date Lincoln Cent with Doubled Die Obverse
This coin features a subtle doubling on the obverse and a distinct “Small Date” variety. The combination of these errors makes it highly desirable, with auction prices reaching up to $3,000 for coins in excellent condition.
5. 1982 No Mint Mark Roosevelt Dime
In 1982, the Philadelphia Mint accidentally released dimes without the “P” mint mark. These 1982 No Mint Mark Roosevelt Dimes are rare, especially in uncirculated condition, and can be worth between $500 and $1,000.
6. 1999 Wide “AM” Reverse Lincoln Cent
The 1999 Wide “AM” Reverse Lincoln Cent features a noticeable gap between the “A” and “M” in “AMERICA” on the reverse side, due to the use of a proof die on regular circulation coins. These coins can fetch up to $500 or more, depending on their condition.
7. 2004-D Extra Leaf Wisconsin State Quarter
Some 2004 Wisconsin state quarters minted in Denver exhibit an extra leaf on the corn stalk on the reverse side, either pointing up or down. These Extra Leaf Wisconsin State Quarters are valued by collectors, with prices ranging from $150 to $1,500, based on the coin’s condition and the prominence of the error.
Summary Table of Rare Error Coins
| Coin | Year | Error Type | Approximate Value |
|---|---|---|---|
| 1943 Bronze Lincoln Cent | 1943 | Wrong Planchet | $840,000 |
| 1955 Doubled Die Lincoln Cent | 1955 | Doubled Die Obverse | $1,000+ |
| 1969-S Doubled Die Obverse Lincoln Cent | 1969 | Doubled Die Obverse | $35,000+ |
| 1970-S Small Date Doubled Die Lincoln Cent | 1970 | Doubled Die Obverse | $3,000+ |
| 1982 No Mint Mark Roosevelt Dime | 1982 | Missing Mint Mark | $500 – $1,000 |
| 1999 Wide “AM” Reverse Lincoln Cent | 1999 | Wide “AM” in “AMERICA” | Up to $500 |
| 2004-D Extra Leaf Wisconsin State Quarter | 2004 | Extra Leaf on Reverse | $150 – $1,500 |
Factors That Increase Error Coin Value
Several factors can influence the value of an error coin:
- Rarity: The fewer coins with the error, the higher the value.
- Demand: Collector interest can drive up prices.
- Condition: Coins in mint or uncirculated condition are more valuable.
- Error Prominence: More noticeable errors often fetch higher prices.
Frequently Asked Questions (FAQs)
1. How can I authenticate an error coin?
It’s advisable to have the coin evaluated by a professional grading service, such as the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC). They can provide authentication and grading, which can enhance the coin’s value.
2. Are all error coins valuable?
Not necessarily. The value depends on the rarity, demand, and type of error. Some minor errors may not significantly increase a coin’s value.
3. Where can I sell my error coin?
You can sell error coins through online marketplaces, auction houses, or coin dealers. Having the coin graded and authenticated can facilitate the selling process.
4. Where should I sell my rare error coin for the best price?
Consider auction houses, online platforms (like eBay), or local coin dealers. Getting your coin professionally graded will usually increase buyer confidence and your payout.
Don’t overlook your spare change—there might be a hidden treasure waiting to be discovered!