Numismatic coins in circulation are traded at face value; however, many are unaware that these coins also have minting and printing errors that make them valuable to collectors. This is the case of the one cent coin in the United States.
This piece in question was minted in 2023 and can be worth up to $600 in the numismatic market. For this, it needs the certificate of authenticity that an auction house in the USA can give you.
How is the one cent coin worth $600?
The penny that was minted last year has Abraham Lincoln on the obverse, but the peculiarity of this piece is that you can see the initials of the designer Victor David Brenner: ‘VDB’. At first glance it appears to be common, but the flaw is that there is an additional ‘V’.
Due to this error, the coin can be worth $600. According to the specialized site US First Exchange, there are some aspects that help to identify it: “The rarity, state/qualification of the coin or bill and market conditions or demand”, they say.
If a person carries this coin and wants to sell it, he/she should approach numismatic collectors; among them: Heritage Auctions, Stack’s Bowers Galleries and APMEX.