![]() ![]() Cryptocurrency changes things quite a bit by attempting to apply a value to an invisible coin. How Cryptocurrency Changes Coin CollectingĬoin collectors can rest assured that they have a physical coin with an inherent value. Using coca-cola to dissolve the green away works quite well. Some copper on the pennies may form that green patina we are accustomed to seeing on copper that has been in contact with salt and water. The best method to clean these older pennies is to use a mild acid like white vinegar and some salt in a solution. Others are kept alone in the condition they were found in hoping the coin won't degrade any further.Ĭopper coins tend to turn a dull brown color as the copper ages. Some coins are given to professionals for safe cleaning. The older the coin and better its condition will increase its value dramatically. ![]() Not surprisingly, the condition of the penny really has an effect on the value. A red penny is certainly a nice thing to have in the world of valuable coins, but it isn't the only game in town when it comes to rare assets. Whether the penny to look for is an Indian Head, a Lincoln, or an American Eagle, the point is to find rare coins in good condition. Finding information about what coins to look for has never been easier. Since the internet came along, coin collectors have bundled their knowledge on message boards and forums online, creating a repository of valuable information about nearly every coin. Collectors look for limited mint runs, coins that had design flaws for a limited time, or proofs that somehow made their way into circulation. Red pennies worth over $200,000 are common, but should still raise eyebrows. Actually, pristine "red pennies" can be worth quite a bit more than their face value and for many reasons. Discovering How Much Is a Red Penny Worth The list of different types of pennies is pretty large, with each penny having a different story behind why it is such a rare and limited treasure to find. These pennies have exceptionally high values to serious collectors. 1944 D Lincoln on Steel Planchet - $115,000.Here are some Lincoln pennies that hold an elite status among collectors: While the Indian Head pennies are known to be a rare variety to look for, they were replaced in 1909 by Lincoln pennies. ![]()
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