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Saturday, January 28, 2023

Two Features of a United States Pocket Penny That Could Be Worth $7,000

Blake Alma is a TikToker dedicated to collecting and locating valuable items of all kinds. On this occasion he provided the figures a penny from the United States that can reach up to US$7,000, All citizens have to do is look through their belongings and see if there isn’t one belonging to former President Abraham Lincoln, built in 1983. It is these characteristics that make this object must be included in the select list of antique lovers.

is about coin bearing the image of a former president with a minting errorthe content creator (@coinhub) said in a video. Apparently, on one of its faces it presents a double engraving which became characteristic in some pieces. The manufacturing machines struck the metal the wrong way and that will pay its price today.

It is said that about 7,000 US dollars can be bought for this money because, In 2017, a similar auction was held for that amount.According to data from the Professional Coin Grading Service (PCGS). The coin certification and qualification companies recognized this and now recognize that there may be more in the hands of other residents of the North American country.

This US penny is worth up to $7,000

About 7,700 of these pennies were put into circulation in 1983. however, only about 5000 have this manufacturing errorJames McCartney, director of numismatics at Bowers Galleries in Stack, told cnbc,

The main thing to look for in a coin is the lack of a mint mark, the hallmark that indicates where the item was made. In addition, it should have the effect of double engraving on the bottom. These are the requirements that must be complied with:

This Is What a Dual Carving of Abraham Lincoln’s Penny Should Look Like@ coinhub / tiktok

The 1983 is one of many Lincoln pennies that sell for thousands of dollars at auction houses. there is one more It has only one flaw: double engraving and lack of production mark. And can reach a price of 120,000 US dollars. Here are its features:

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