A LINCOLN penny from 1955 with an error has sold for more than $1,500 online– meaning you could cash in on quite the value if you happen to have one.
On the rare penny, featuring 16th President Abraham Lincoln, there is a double die – meaning the coin has a double layer effect.
2
2
Minted in Philadelphia, specifically the words “In God We Trust” (above Lincoln) and “Liberty” (to the left of Lincoln) are both doubled.
And the year featured on the coin is also doubled.
“It is very hard to miss this error so it is easy to tell the difference between the real one and the 1955 “poor mans” doubled die which is no where near as noticeable,” USA Coin Book wrote in a description of the penny.”
It has been said that is the most famous Lincoln penny of them all – with just over 33million of these coins getting minted.
How much you get for the 1955 Lincoln coin could depend on grade and condition but it’s quite valuable regardless.
If the Lincoln cent is in average condition, it is worth $1,286, according to USA Coin Book.
And it could be worth up to $16,644 if it’s in “Uncirculated (MS-63).”
The coin in the listing picked up 14 bids, with the winning one reaching $1,552.
That means the penny would be worth more than 15,000,000% of its original value.
The seller of the coin was “graceandfaith,” who maintains 100% feedback on eBay.
Another Lincoln penny from 1955 with the doubling error sold recently for 1,801 online.
Furthermore, there are more Lincoln pennies from 1955 that are auctioning for thousands on eBay.
Is your small change worth a fortune?
If you believe that you have a rare coin then you might be able to cash in on the value.
The most valuable coins are usually those with a low mintage or an error, as they’re deemed the most valuable by collectors.
To check out if your coins are worth anything on eBay, search the full name, select the “sold” listing and then toggle the search to “highest value.”
It will give you an idea of the amount of money that the coin is going for.
You can either choose to sell the coin on eBay or through a specialist site such as Coinappraiser or USA Coin Book.
If you choose eBay, remember to set a minimum price that is higher or at the very least equal to the face value of the coin – or you could lose money.
You also need to be aware that even if your coin “sells” on eBay for a high price there’s no guarantee that the buyer will pay up.
According to eBay’s terms and conditions, bidders enter a “legally binding contract to purchase an item.”
However, there’s no way of enforcing this rule.
The most eBay can do is add a note to their account for the unpaid item or remove their ability to bid and buy.
Two other rare Lincoln pennies recently sold online, including one from 1992 for more than $25,000 and 1909 coin with the initials VDB for nearly $1,500.
Other rare coins that have sold online include a buffalo coin with three legs for $1,400 along with a Flying Eagle cent sold, which sold for $11,128.
Check your pocket change as a rare Lincoln penny error coin could earn you money
We pay for your stories!
Do you have a story for The US Sun team?
