It’s time to take a closer look at your loose change. You never know what hidden treasures might be hiding in your pockets. Believe it or not, there is a rare 1983 Lincoln penny out there that could be worth up to $7,000!
This intriguing information was recently shared on TikTok by Blake Alma, the mastermind behind the CoinHub social media account. He wants everyone to be aware that these unique 1983 pennies exist, and if you happen to stumble upon one, you could be in for a substantial payday.
Unlike most 1983 Lincoln pennies, these valuable few do not have a mint mark—a little letter on the coin that indicates where it was minted. This absence of a mint mark makes them extremely rare and desirable to collectors.
But that’s not all! Alma advises us to examine the bottom of the coin’s opposite side to see if the “One cent” wording has a “doubling effect.” This doubling effect occurs when the coin’s stamping machine imprints it twice in different locations, giving it a fascinating 3-D appearance.
Back in 1983, a staggering 7.7 billion pennies were produced in the United States. Out of that immense figure, it is estimated that only 5,000 of these special coins possess the doubling effect, making them highly valuable. CNBC’s Make It reports on this rarity.
If you happen to be one of the lucky few who discover such a coin, it is highly recommended that you pay a visit to a certified coin dealer. They will meticulously verify and grade the coin’s condition, which will determine its true value. And if your coin is in near-perfect condition, prepare for a small fortune coming your way!
Since the release of this informative TikTok video encouraging people to search their coin jars, it has gone viral. So, who knows? You might just have a valuable treasure trove sitting right in your house, ready to be discovered!
