A COIN collector is sharing what details to look for on a 1936 penny that would make it worth up to $20,000.
The doubled year on this penny makes it extremely rare[/caption]
This is called a “wheat cent” for the two stalks of wheat on the back[/caption]
The coins got their name from the design on the reverse, or tails side, which featured two stalks of wheat.
Each wheat cent also features the words “E Pluribus Unum,” as well as its value and country of origin on the reverse side.
The obverse, or heads side, of every wheat cent is President Lincoln’s face, surrounded by the words “Liberty” and “In God We Trust.”
Wheat pennies also include the year they were minted to the right of Lincoln’s chin.
Read more on rare coins
On the specific coin featured in The Coin Guy’s video, there’s an error on the year.
The date appears to be doubled due to what’s called a double-die error.
This particular coin sold for $19,378 in 2007 at an auction.
However, it was nearly perfect with a high grade of 66 out of 70.
Finding one in a lower grade could still earn you $100 in some cases.
Most read in Money
MVPs (Most Valuable Pennies)
Pennies can sell for hundreds of thousands of dollars.
One of the most valuable pennies ever sold is the 1943 bronze cent.
In efforts to conserve bronze for World War II, the US Mint temporarily made its pennies out of steel in the 1940s.
“Demand for copper escalated in World War II because of its use in weapons and assorted other items necessary to prosecute the war effectively,” Ron Guth of Professional Coin Grading Services (PCGS) wrote.
The vast majority of pennies minted in 1943 were made of steel, but a small number of bronze coins were still created.
The bronze 1943 penny is one of the rarest coins in existence.
A circulated version of the coin sold for $305,000 at auction in 2016, and the lowest sale recorded by PCGS was $186,000.
While steel pennies became the norm in 1943, they were exceedingly rare again in 1944.
Small numbers of steel coins were minted in Denver, San Francisco, and Philadelphia.
The Denver and San Francisco coins were stamped with mint marks indicating where they were made, while the Philadelphia Mint did not mark its 1944 steel pennies.
While they are all quite rare, the 1944-S is the most valuable of the three – with a reported mintage of just two.
In 2008, a circulated 1944 steel cent sold for a record $34,500 at auction, while uncirculated variations have sold for as much as $180,000.
Read More on The US Sun
Plus, check out the most valuable coins featuring US Presidents.