Dumpdiggers will sometimes find old coins in the drawers of decomposing furniture, or under the baseboard trim in old houses. Coins are sometimes discovered under floor mats in derelict cars, and on the bottoms of drain pipes and in the pockets of old clothes – but old quarters, dimes, nickels and pennies are worth much more than face value if they happen to be what currency experts classify as 'error coins'.
Tomorrow, while I wait for the bus, I'll check my change purse for a 1969-S Lincoln cent penny with a doubled-die obverse. That's because Dumpdiggers has just learned that this rare copper coin (in mint condition) is worth over thirty thousand dollars!
Dumpdiggers honors the two known Mint State Red 1969-S
The rare coin in these close-up pictures was discovered by a
Tremonti's very special copper penny has strong doubling on the obverse in the date, 1969, and the words,
This rare coin has an incredible story. Earlier known examples were seized by US Secret Service in a bid to thwart a counterfeiting scheme (to make rare pennies? weird) in which two people were charged and convicted. You can read about all this on Dave Harper’s buzz on Numismatic News.
Numismatic News also reports that David Hall, PCGS co-founder and president of Collectors Universe, Inc. (NASDAQ: CLCT) remarked, "I was totally amazed that this coin could turn up out of nowhere. The coin is completely original and full mint red. It's a beautiful near-Gem example" after inspecting Tremonti’s treasure.
Including this latest discovery piece, the PCGS Population Report lists only twenty three 1969-S doubled die cents from Very Fine to MS-64 (Mint State), and only two are graded Mint State Red.
Here's a list of rare coins that could be in your pocket right now,
The following is from the same coins.about.com article; Dumpdiggers can give you the skinny on the most valuable error coins that you might ever hope to encounter, especially if you live in the United States.
2. 1970-S Small Date
The Doubled Die Obverse (one side has been struck twice) is best demonstrated by doubling in LIB and IN GOD WE TRUST. Approximate Value: Around $3,000 in extra fine shape.
There is an extra leaf on the lower left-hand side of the ear of corn on the reverse
Approximate Value: $200-$300 in mint condition.
5. 2005-D Speared Bison Reverse New Design
This variety results from a gouge or crack in the die that created a line below the E in STATES so that it appears as though a spear bisects the bison. Approximate Value: From $75 rough shape to $1,400 mint. Here is a sale on eBay for a roll of these 'speared bison' nickels and the picture I've used in this post was published by the Seller.
6. 1999 Wide "AM" Reverse
The years 1998, 1999, and 2000, with 1999 being by far the rarest. The AM in
7. 1982 No Mint Mark
This 1982 dime is missing a mint mark (a letter detailing where it was made). Approximate Value: About $30 to $50 in normal condition and more for higher grades.
8. State Quarter Die Axis Rotation Errors
Full 180 degree rotations are worth about $20 in fine condition. Lesser rotations are worth much less.
9. 1995 and 1995-D Doubled Die Obverse
Approximate Value: About $20 to $75 in normal condition, more in higher grades. read about wall systems.
The 1941-Doubled-D, 1941-Large-S, 1942-D-over-horizontal-D, 1949-D-over-S, 1955-D-over-S, and the 1964-Doubled-D. All of these coins are in circulation today! Approximate Value: $5 to $75