PRESIDENT Abraham Lincoln has become a mainstay on the penny, but certain coins with his face are still extremely valuable.
When it comes to coins in general, they will typically gain rarity based on low mintage, a unique error, or a high grade.
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Since 1909, the Lincoln penny has been struck by the US mint.
There have been Lincoln pennies that are quite valuable including the rare 1914, 1992, and VDB versions of the coin.
One of the best-known sets of Lincoln error pennies was produced in 1922.
We explain everything you need to know about these rare, century-old coins.
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What is the 1922 Lincoln penny?
Most interestingly, the 1922 Lincoln penny was only struck at the Denver mint that year.
In total, there were more than 7.1million of those coins minted.
However, not all of the coins that year featured a “D” mark below the year of the coin.
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According to Jamie Hernandez, price guide editor for Professional Coin Grading Service (PCGS), all 1922 pennies should bear a D mint mark but there was “sloppiness in the production process”.
“As a result, it is believed that a mint employee obtained an old obverse die and filed it down in order to improve its appearance,” Mr Hernadez said.
“But instead, the mint employee ended up filing the D mint mark too much, and in return, created the 1922 No D Lincoln cents.”
Of that no D mark coins, 25,000 are estimated to have been minted with “perhaps” 10,000 pieces surviving, according to collector’s guide Lincoln Cents.
How much it's worth
Those who happen to own a 1922 Lincoln cent are wondering how much it is worth, which could depend on grade and condition.
When it comes to the no D version, it is worth $946 in average condition and up to $30,724 if in an “Uncirculated (MS-63)” grade, according to USA Coin Book.
Late last year, a 1922 Lincoln coin without a D mark sold for nearly $3,000 on eBay, while another sold for just over $900 earlier this year.
Pennies bearing the D mintmark are worth around $23 in average condition and up to $184 in mint condition.
How to find rare coins
There are many ways you can find rare coins.
You’ll first want to check around your home or any places you might store change.
You can also try using a metal detector outdoors, or stopping by your local bank and asking for a roll of coins.
You can easily exchange bills for coins, getting plenty of change to sort through for standouts at no cost.
To check if your coins are worth anything on eBay, search the full name, select the "sold" listing and then toggle the search to "highest value”.
This way, you'll know what collectors are willing to pay for your coins.
You can either choose to sell the coin on eBay or through a specialist site such as Coinappraiser or USA Coin Book.
And be aware of potential fakes when buying online.
To avoid this, it's worth checking the seller’s history and whether or not the coin was certified in the listing.
Read More on The US Sun
Read More on The US Sun
The Sun revealed the most valuable coins minted since 2020.
And a coin expert spoke to The Sun to break down the most valuable Lincoln pennies worth up to $20,000.
