Affluent Savvy
Photo by Karolina Grabowska Pexels Logo Photo: Karolina Grabowska

What makes a 1983 penny rare?

Stack's Bowers sold this 1983 Doubled Die Reverse penny for $2,640 in March 2018. The U.S. made about 7.7 billion pennies in 1983, but only about 5,000 of them are known to have been made with this doubling error, James McCartney, director of numismatics at Stack's Bowers Galleries, tells CNBC Make It.

How long will $1 million last in retirement?
How long will $1 million last in retirement?

A recent study determined that a $1 million retirement nest egg will last about 19 years on average. Based on this, if you retire at age 65 and...

Read More »
What is the rule of 77?
What is the rule of 77?

Every trial on the merits must be conducted in open court and, so far as convenient, in a regular courtroom. Any other act or proceeding may be...

Read More »
Awaken your dormant DNA ability to attract wealth effortlessly
Awaken your dormant DNA ability to attract wealth effortlessly

The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.

Learn More »

You may want to think twice before tossing out your loose change — one of your pennies could be worth $7,000. That's if you have a 1983 Lincoln penny, says Blake Alma, whose "CoinHub" TikTok account has over 850,000 followers. In 2017, the rare penny was auctioned for $7,050, according to Professional Coin Grading Service, one of the most popular third-party coin grading and authentication companies. Here's how to tell if you have one.

What to look for

This special penny lacks a mint mark, according to Alma's video. A mint mark is the marking on the face side of a coin that indicates where it was created. A coin with a letter "P" indicates it was made in Philadelphia, according to the United States Mint. Next, you'll want to check the bottom of the coin's other side to see if the "one cent" wording has a "doubling effect," Alma says. Coin collecting experts call this a "doubled die reverse" coin. This typically happens when the stamping machine used to imprint images onto a coin accidentally strikes the coin in a slightly different spot, resulting in a doubled image, according to the American Numismatic Association. Here's what the 1983 Doubled Die Reverse penny looks like. Stack's Bowers sold this 1983 Doubled Die Reverse penny for $2,640 in March 2018. Stack's Bowers Galleries Stack's Bowers sold this 1983 Doubled Die Reverse penny for $2,640 in March 2018. Stack's Bowers Galleries The U.S. made about 7.7 billion pennies in 1983, but only about 5,000 of them are known to have been made with this doubling error, James McCartney, director of numismatics at Stack's Bowers Galleries, tells CNBC Make It. The rarity of these misprinted pennies are what make them more valuable than ordinary pennies.

How to cash in on your rare coin

What colors mean forgiveness?
What colors mean forgiveness?

Blue. Blue is associated with forgiveness, harmony, astral projection, and the throat chakra. Jul 3, 2018

Read More »
What is the best dog to keep snakes away?
What is the best dog to keep snakes away?

Some of the most common dog breeds that can chase and kill snakes are. German Pinscher. Dachshund. Jack Russell Terrier. Miniature Schnauzer....

Read More »
Awaken your dormant DNA ability to attract wealth effortlessly
Awaken your dormant DNA ability to attract wealth effortlessly

The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.

Learn More »

How much is a 1919 s wheat penny worth?

According to the NGC Price Guide, the estimated value of a 1919-S Lincoln Cent Penny, Wheat Reverse in Mint State (MS) Brown strike is between $75 to $540. The coin's worth rises to about $125 to $1,750 for Red Brown strike and to $180 to $55,000 for a coin with Red luster in the current market.

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

How do you check if you have money to your name?
How do you check if you have money to your name?

Start your search for unclaimed money with your state's unclaimed property office. Search for unclaimed money using a multi-state database. Perform...

Read More »
Is Jesus real birthday?
Is Jesus real birthday?

The common Christian traditional dating of the birthdate of Jesus was 25 December, a date first asserted officially by Pope Julius I in 350 AD,...

Read More »
Awaken your dormant DNA ability to attract wealth effortlessly
Awaken your dormant DNA ability to attract wealth effortlessly

The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.

Learn More »
What's a great side hustle?
What's a great side hustle?

Freelance work is a great side hustle, and companies are almost always looking for skilled labor to help them get things done. A few examples of...

Read More »
Awaken your dormant DNA ability to attract wealth effortlessly
Awaken your dormant DNA ability to attract wealth effortlessly

The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.

Learn More »
Is it embarrassing to ask for money?
Is it embarrassing to ask for money?

According to 30% of people we asked in a recent survey, the answer is yes. A recent study* conducted by Hodge revealed 56% of people are...

Read More »