New York’s Staten Island. You might want to look more closely before throwing your coins in the car console: Some of the pieces are worth a staggering $7,000 because of a mistake on a tiny portion of the pennies that has raised their value.
The 1983-minted pennies in question, according to CNBC, do not have a mint mark, which is a symbol on the coin’s face side that indicates the coin’s place of creation. During that year, no mint mark was applied on Philadelphia-printed pennies, according to experts. Therefore, the precious coins are merely unmarked rather than marked with a P.
However, according to al.com, the coin’s value isn’t only determined by its lack of a mint stamp. Rather, the reason for the price increase is a different mistake on a tiny portion of the coins produced that year. Your 1983 penny might be worth hundreds of dollars if it has no mint mark and the text “one cent” on the back of it doubles, producing a kind of three-dimensional image.
Experts pointed out that only roughly 5,000 of the 7.7 billion pennies produced in 1983 include the doubling fault, meaning that the price increase is caused by the rarity of the errors.
What if you come across a penny from 1983 that has both of these distinctive marks? Bring it to a reputable coin dealer to be assessed.
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