Coin collecting is an ancient hobby. It is said that people started doing this in ancient Rome! While other people do it for the kicks, some serious collectors aim to turn a profit. Like a lot of coins, the penny has gone through various compositions and designs over the years. Who would have that the one-cent coin could be worth thousands and even millions of dollars? Take a look at this list of the 20 most valuable ones out there. You might want to check your coin purse to see if you own any of them!
Pennies That Can Fetch You A Lot More Money Than Their Face Value
Determining How Much A Penny Is Worth
The most commonly used coin evaluation method is the modified Sheldon Scale, which gives coins a grade of anywhere from 1 to 70. The most valuable ones will get a perfect score of 70. When it comes to rating a coin, its color, wear, and rarity will be used. Most pennies made are worth no more than a single cent. Those minted from 1909 to 1956 are worth around 4 to 5 cents, but those in better condition are double digits! However, these coins are worth much more than that.
How To Determine The Value Of A Penny
