08
Jan
18

Popular Penny Coins Collectors Should Know About

If you have ever attended California auctions, you have surely noticed a lot of collectible penny coins. There are a number of these that have considerable value and are popular among those who are familiar with coin collecting. Knowing more about some of the most popular penny coins will give you a place to start while you learn more about collecting this type of coin.

1856 Flying Eagle Coin

If you are into this coin, you will have to work hard to secure one since only 2,000 were made, making it difficult to find this penny coin. If you are lucky enough to come across this coin and the condition is excellent, you may fetch yourself as much as $85,000 for a single coin. While there are a number of situations in which people pay more, the average selling price for this coin was around $7,000 in 2015.

1943 Copper Penny

Someone sold one of these coins in 2010 and they earned a whopping $1.7 million for it. During this year, the coins were supposed to be composed of steel, but some slipped through being minted of a copper-alloy. This mistake could earn you a large sum of cash today if you are lucky enough to come upon one.

1944 Steel Penny

Coin experts say that this penny was minted by mistake and this mistake could earn you a major profit today. In fact, some of these are selling for as much as $100,000 when the coin is in excellent condition. The error that was made when this coin was produced was in the material. At this time, the pennies should have been made of copper, but a hopper error resulted in some pennies being made of steel, which was the wrong material.

1969-S Double Die Obverse

If you take a penny from your change wallet or jar, you can see that each side is different. You have a heads side and a tails side. This is what was supposed to be printed on the pennies that were minted during this time; however, an error resulted in some 1969 pennies having either heads or tails on both sides of the coin. Some of these coins have sold for as much as $28,200. However, in order for your penny to be one that gets that type of sale price, it has to have the “S,” and this can be seen with a magnifying glass.

You now have more information about collectible penny coins and some of the most popular ones that are sometimes found at California auctions. You can use this information as a springboard for learning more about coin collecting, especially some of the most popular pennies that people collect.

To learn more about consigning or buying collectible coins, visit michaans.com. Attend one of our Free Wednesday Appraisal Events from 10am to 1pm. Drop-ins welcome!

 


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