A few years ago, I was walking past a football field behind my local library when I saw a glow in the grass.
2017 quarter (left) versus 1957 quarter (right)
I went upstairs and was surprised to see a quarter sitting there. score!
But wait, there’s more — the quarter seemed “closed.”
It looked a bit gray and dull compared to a regular quarter.
It turns out I’ve got the 1957 Silver Quarter. Quarters made between 1932 and 1964 are 90% silver.
They are all worth more than a typical quarter due to the precious metal. Even without any unique features, it costs more than Rs five (this varies depending on the price of silver).
A fun little find!
It’s not uncommon to find silver quarters because the US Mint has produced them for more than thirty years – but there are some other coins floating around that cost even more.
Table of Contents Morgan Silver Dollar 1955 Double Die Penny 1982 No Mint Mark Roosevelt Dime 1997 Double-Eared Lincoln Penny2008-W Silver Eagle with Reverse Dice (since 2007) 1943-S Lincoln Head Copper Penny2004 Wisconsin State Quarter Extra Leaf Low 2005 “In God We Rust” Kansas State Quarter1794 – 1795 Flowing Hair Silver Dollar1999-p Connecticut Broadstruck Quarter1992 “Close AM” Penny2007 Godless Presidential Dollar 2005 Speared Bison Jefferson Nickelpree-1965 Roosevelt Silver Dimes and Washington Silver Quarter1913 Liberty Head NickelLast Views Morgan Silver Dollar
The Morgan Silver Dollar was a common coin minted between 1878 and 1904 and 1921. It was a US dollar coin containing one ounce of silver. But that was back when silver was traded at about $1 an ounce; As of today, silver is around $20 an ounce.
The silver content of the coin is important because it sets a floor on its value. The degree to which the value exceeds the value of the silver content is determined by its numismatic value.
The morgan is not a rare coin, but millions have been melted down over the years for their silver content, somewhat limiting the remaining supply. The value of the remaining coins is governed primarily by the mint state grade.
For example, according to Professional Coin Grading Services (PCGS), a Morgan classified as Mint State 4 costs around $36. But if that same coin is classified as a Mint State 69, it can fetch as much as $180,000.
If you have any of these coins lying around, you can have them appraised through a reputable coin dealership to find out what they are worth.
1955 Dubbed Die Penny
This money is referred to as a “double die” because there was a defect in the minting that caused the minting of a double image to make the coin appear blurry. These coins are obviously not rare, but not common either. And like Morgan Silver dollars, status will determine how much they are worth.
According to the USA Coin Book, a 1955 double die penny is worth $784 if it is in good condition and as much as $17,057 for an uncirculated mint state 63 (“MS-63”).
1982 No Mint Mark Roosevelt Dime
Coins minted by the US government include a letter indicating which mint the coin was minted at. For example, if the coin contains the letter S, it was struck in San Francisco. But in 1982, the Philadelphia mint failed to include the letter P on the coin. It is the defect debt that gives this coin a value of more than $0.10.
According to the PCGS, this coin could be worth as much as $15 for the lower-grade versions, or $2,185 in MS-65.
1997 Double-Eared Lincoln Penny
The most striking feature of this coin is that it was inscribed with the double ear lobe of President Lincoln. Everything else about the coin is normal, but that single defect can increase the value significantly.
According to PCGS, the value of this coin can be as high as $4,500 in MS-68, but it can be as low as $85 for an MS-60 grade coin.
2008-W Silver Eagle with reverse dice (since 2007)
About 47,000 of these coins were accidentally minted in 2008, meaning they are not at all rare. They are silver eagle coins, meaning they contain one ounce of silver. But the real value is that while the front of the coin was struck in the redesigned 2008 version, the reverse of the coin was struck based on the 2007 design.
According to the USA Coin Book, the value of this coin can be as high as $490 in unregulated MS-65 condition. Otherwise, it’s worth the melt price—which is the silver content—about $20.
1943-S Lincoln Head Copper Penny
There is some history associated with this coin, which is why the year the coin was minted is important. In 1943, the US Mint ceased production of pennies in copper-to-zinc-coated steel because copper was needed for war. But some bronze metal discs ended up in the mint and were struck as Lincoln Head Copper Pennies.
According to the PCGS, the value of the lower grade of the coin does not exceed $1. But the coin can cost as much as $25,500 in MS-65+.
Like the other coins on this list, the 2004 Wisconsin State Quarter, less the extra leaf, derives its value from a defect at the mint. Thousands of coins struck with an extra leaf on the corn husk. That single, often unnoticed, flaw in the coin can make it worth more than a quarter.
According to PCGS, the lower grades of the coin are priced between $38 and $95, which is pretty stinky for a coin you’ve undoubtedly come across for no more than $0.25. But a coin in MS-67 can cost up to $5,500.
2005 “In God We Rust” Kansas State Quarter
This may be the most comical of the error coins on this list. The coin should have included “In God We Trust”, as is typical of all US coins. But a grease buildup in the coin dies, staining the T in faith, leading to the proverbial “In God we rust.” But it is this seemingly small error that gives this coin potentially valuable value.
Unfortunately, the Kansas State Quarter’s 2005 hundreds of thousands have this defect, so this coin is not as valuable as the others. But some versions of the coin can cost up to $100.
1794 – 1795 Flowing Hair Silver Dollar
This coin is incredibly valuable because of its rarity. As perhaps the first silver dollars were minted in America, only a few hundred were struck. The coin is recognized by the image of Miss Liberty, with long flowing hair that falls to her shoulders.
According to PCGS, even the lowest grade of this coin can be worth as much as $2,150. But the graded version on the MS-66 can cost $1.25 million.
1999-P Connecticut Broadstruck Quarter
This coin is called broadstruck because the metal balls used in the minting of the coin were not aligned properly. This means that the sides of the coin are not perfect.
You will not make any luck on this coin. But according to Great Collections.com, a version of this coin in MS-63 sold for $23 in 2017. This may not be a big surprise, but it is worth more than $0.25.
1992 “Close Em” Penny
The downside of this coin is that in America A and M are either too close or too far apart. They either practically touch each other far below, or they are much more spread out than the other letters on the coin.
In addition, the reverse side of the penny includes the initials “FG” near the Lincoln Memorial Building. The initials were closer to the building on the detailed AM version of the coin. But closer to the AM version, the FG was too far away.
According to the USA Coin Book, the value of this money can be as much as $558 for a coin classified as MS-65. Otherwise, most of these coins have no added value because they are extremely common.
2007 Godless Presidential Dollar
Another example of a simple coin that derives its value from a striking error. In this case, the coin completely omitted the “In God We Trust” standard on all US coins. This gives added value to the coin, though not as much as others, as it is believed that thousands of these coins were minted.
The website JewelsAdvisor.com reports that the 2007 Presidential “Godless Dollar” could cost more than $2,000 if it is classified as an MS-68.
2005 Spear Bison Jefferson Nickel
I have included several coins in this list whose value comes from traceability. But the 2005 Speared Bison Jefferson Nickel has one drawback, which is, well, different. Rather than a spacing error or omission, the coins have what looks like a spear running down the bison’s back, straight through its body and making a point at the exit from under the animal.
According to PCGS, a 2005 Spear Bison Jefferson Nickel classified as MS-67 can cost as much as $5,000. But the lowest grade coins cost no more than three or four dollars.
Pre-1965 Roosevelt Silver Dimes and Washington Silver Quarters
Here are two coins on this list that don’t get inflated value from flaws. Instead, they get added value from their silver content, much like ordinary gold and silver bullion coins. Although many of these coins were melted down after 1965, a large number are still in circulation, which means they are not rare.
Most Americans today are not aware that American coins, other than pennies and nickels, were in silver prior to 1965. In addition to silver dollars, dimes and quarters were made of silver. Each was made of at least 90% silver.
For this reason, dimes and quarters minted before 1965 would be of equal silver value to them. This means that a quarter can cost about $5 and a penny about $2. It may not be a fortune, but it’s still a lot more than the face value of each coin.
1913 Liberty Head Nickel
I almost feel guilty for including this coin on the list of “valuable coins hidden in your pocket”. These coins are so rare that less than a billion people have one. This is because there are only five in existence.
But I wanted to include it on the list because 1) the sheer value of the coin and 2) this coinage reflects the importance of rarity in the value of any coin. This is a coin whose value is derived solely from rarity and not by defect or other unusual issue.
According to Coin Trackers.com, one of these coins is worth between $3.4 million and $4.2 million.
Even if you don’t have this coin, it is an example of how important it is to take a closer look at any old or unusual coins you have. They may not be worth millions, but they can be worth many thousands.
These days, when people talk about investing in ‘coins’, they are referring to cryptocurrencies. And while you won’t get rich by collecting real silver coins, it can be a fun hobby, and all the coins on our list have an interesting backstory. So, the next time you count your coins, take a look – you’ll never know what’s hiding in your loose change!