Lincoln 1992 penny explained - and what makes the coin worth up to $25,000
OLD Lincoln pennies can be quite valuable if you happen to find the right one – but the scarcity of one version of the 1992 coin means it's extremely collectible.
When it comes to Lincoln coins, you might be familiar with the 1955 double die and VDB pennies.
Typically, rare coins have a low mintage, while others with a unique error or another element also sell for high sums online.
Below we explain what makes the 1992 Lincoln coin so special.
What is the 1992 Lincoln penny?
The 1992 Lincoln penny is a memorial cent that was designed by Frank Gasparro.
Interestingly, there are two different varieties of the 1992 Lincoln coin.
While both coins will look similar, there is a difference in how the "AM" in "America” are spaced out.
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The one that is most valuable is the variety that has "AM" letters close to each other and nearly touching.
According to Coinappraiser, a site that claims it has a group of industry professionals, only 10 or so of close AM coins exist.
It added: "Not many have been certified by the leading coin grading services."
How much it's worth
Firstly, keep in mind that how much you can get for the coin could depend on grade and condition.
Starting with the close AM coin, considering these are significantly rarer, odds are it will sell for a lot more if you happen to have one.
For instance, a close AM Lincoln coin sold for more than 25,000 in 2017.
Meanwhile, another close Lincoln cent sold for $244 on eBay.
But if the AM is not close on the coin then it may only be worth dollars, based on various eBay auctions currently taking place.
How to find rare coins
There are many ways you can find rare coins.
The first thing you’ll want to do is check places in your home or any places you might store change.
Some other things you can try are using a metal detector in known areas for buried treasure and by stopping by your local bank branch and asking for a wrapper of pennies.
You can also try to get a good deal on one online through USA Coin Book or eBay.
But make sure you research the coin first and know what it’s worth before buying.
And also - be aware of potential fakes online.
To avoid this, it's worth checking the seller’s history and whether or not the coin was certified in the listing.
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Your unique pennies aren’t the only thing that might hold value, as nickels, dimes, half dollars, and others could be worth a serious mint.
Other rare coins that have sold online include a buffalo coin with three legs for $1,400 along with a flying eagle cent, which sold for $11,128.
Check your pocket change as a rare Lincoln penny error coin could earn you moneyWe pay for your stories!
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