This Penny Just Sold For Over $1,000,000 - See If You Have One Like It | Elvis Duran and the Morning Show (2024)

This Penny Just Sold For Over $1,000,000 - See If You Have One Like It | Elvis Duran and the Morning Show (1)

There are lots of coins out there worth more than face value. Pennies from before 1982 are worth more than one cent, some quarters from last year are worth $400, and there are even some dimes out there worth up to $450,000, but now, one coin has put them all to shame. A 1958 penny just sold for over one million dollars.

The penny, which had a mistake shown on some of its letters, sold for a record $1,136,250. The president of GreatCollections.com, the site that auctioned off the piece, explained in a press release, "The million-dollar penny is known as a'doubled die' and it is the finest of only three known 1958 U.S. cents that have severe doubling of letters in the motto 'In God We Trust' and the word 'Liberty' on the front of the coin." That was enough for one diehard collector who needed this penny to complete his collection, and was willing to shell out for it.

While the auction was going on, before it hit the final price thanks to 117 bids, TikToker The Coin Guy knew the coin was going to be huge.

Because the condition of this penny was so mint, it is unlikely you'll find a penny worth that much in your pocket, however, you can still wind up with a valuable 1958 penny that has the same mistake, so be on the lookout for them.

As for the collector who auctioned off the coin, unfortunately, he passed away after consigning his collection for auction, however his family will get the proceeds, which were pretty significant. He auctioned off 276 pennies, at a face value of just $2.76, and sold them all for $7,731,811.

This Penny Just Sold For Over $1,000,000 - See If You Have One Like It | Elvis Duran and the Morning Show (2024)

FAQs

What penny is worth $1,000,000 right now? ›

Ten pennies worth money to look for in 2024 include: 1943-D Lincoln Bronze Wheat Penny — $2.3 million. 1944-S Steel Wheat Penny — $1.1 million.

What penny sold for $2.5 million? ›

One of the rarest pennies cost a Beverly Hills man a pretty penny. At an auction last Thursday, Kevin Lipton shelled out $2,585,000 for the Birch Cent, a penny made in 1792 that is named after its engraver, Robert Birch. It's the most money ever paid for a one-cent piece.

What 1958 penny is worth $1,000,000? ›

A 1958-dated Lincoln cent mistakenly made with doubling in some letters of the design has sold for a record $1,136,250. It was owned by a New York City collector who died soon after consigning his pristine condition coins to be sold at auction. He spent his life procuring the absolute best-of-the-best Lincoln cents...

What penny sold for $300,000? ›

Well, according to the U.S. Government Mint, while steel pennies are not exceedingly rare, the 1943 double-die penny is and could be worth a fortune if you happen to find one. The price range varies, but some of these pennies have sold at auction for over $300,000.

Which penny is worth $35000? ›

Of the three the 1982 no mint mark is slightly scarcer than the other two. But the 1982 D 3.11 gm SMALL DATE is extremely rare. So far only two specimens have been found, and have sold at auction for close to $35,000. What is the 1982 penny worth with no mint?

Why is a 1982 penny worth so much? ›

One reason these coins are so valuable has to do with what they are made of. As GOBankingRates previously reported, any penny minted before 1982 contains 95% copper. Copper pennies are a relatively common find in a penny roll, which lowers their value.

Which penny is worth $50000? ›

The 1959-D wheat penny is one of the most controversial mule coins ever. It's worth $50,000! Here's everything you could possibly want to know about the 1959-D penny error!

What penny is worth $2 million? ›

With few exceptions, copper coins in the U.S. mean one-cent pennies — usually those featuring Abraham Lincoln. The most valuable Lincoln penny is worth $2 million on the collectibles market, and many more are worth five or six figures.

Why is a 1977 penny worth so much? ›

There are no rare or in-demand Lincoln pennies from 1977. Their mintage was high, making them quite available. Only proof coins at a high grade are rarer on the market. Since only 59 of the 5,534 survived 1977 S DCAM pennies are in the PR 70 grade, you can expect them to be costly.

What penny sold for 1.8 million? ›

LINCROFT, N.J., Sept. 23 (UPI) -- A one-of-a-kind 1943 U.S. penny struck in the wrong metal was sold by a New Jersey dealer for $1.7 million, with the proceeds going to charity.

What year penny is worth 1.7 million dollars? ›

The Most Expensive Penny

The first 1943 copper cent was sold in 1958 for more than $40,000. In 1996, another went for a whopping $82,500. But those sales pale in comparison with the latest: this week, a dealer in New Jersey sold his 1943 penny for a staggering $1.7 million.

What wheat back penny is worth $1000000? ›

The 1943 penny that is worth $1000000 is the one that was mistakenly made out of copper instead of zinc-coated steel. Only a few of these pennies were produced and they are extremely rare, making them highly valuable to collectors.

What penny is worth $200000? ›

The 1943 bronzed Lincoln penny is described as “the most famous error coin in American numismatics,” CNBC Make It pointed out and the odds of finding one are not in your favor. One that's been circulated could sell for $150,000 to $200,000, but prices can fluctuate significantly.

What penny is worth $14000? ›

1943 Wheat Penny (Bronze Cent Strike)

The record sale for one of these coins in mint state was for $1.7 million. However, even if you don't have one of these coins in mint state, these 1943 wheat pennies can range from $14,000 to $300,000.

What rare 1943 penny sold for $1 million? ›

1943-S Bronze Wheat Penny

Sold for $1 million, the 1943-S Bronze Wheat Penny is one of four known examples minted in San Francisco. This coin is highly prized not only for its rarity but also for its mint-state condition.

Is a 1974 penny worth $2 million? ›

1974 No Mint Mark Aluminum Penny Value

All others have been recalled, donated to a public institution, or destroyed. This coin is worth an estimated $160,000. Finding one today in uncirculated condition can fetch you as much as 2 million US dollars.

What coins are worth $1 million? ›

The Most Valuable Coins Worth Millions of Dollars
  • 1933 Saint-Gaudens Double Eagle. ...
  • 1794 Flowing Hair Silver Dollar. ...
  • 1787 Brasher Doubloon. ...
  • 723 Umayyad Gold Dinar. ...
  • 1343 Edward III Florin. ...
  • 100 Kilogram Canadian Gold Maple Leaf Novelty Coin, "The Big Maple Leaf" ...
  • Silver Peace Dollars. ...
  • 1-Oz Canadian Gold Maple Leaf Coins.
Aug 19, 2024

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