Rare 2021 Lincoln penny sells for $247 online - do you have one in your wallet?
PENNIES are not always worth just $0.01, as they sometimes hold a much higher value.
In March, a 2021 penny featuring 16th US President Abraham Lincoln sold for almost $247 online.
The seller originally listed the penny on eBay for $0.99 on Saturday, March 12, but quite a few people noticed the coin's value.
By the end of Saturday, the highest bid for the coin was $40.
The bidding continued over the next week, and on March 14, people saw a huge jump in bid offerings.
The day started with bids of around $60, but by the time night fell, buyers started offering bids of about $150 to $200.
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The coin was finally sold a few days later to a person who placed a bid of $246.94 on March 19, 2022.
Why is a 2021 Lincoln penny valuable?
Most 2021 Lincoln pennies are just worth $0.01, but if you find one with a die break, it will typically increase its value.
A die break means it is an error coin.
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These coins are more unique and there are relatively few in number too.
The 2021 Lincoln penny that was sold on eBay has a rim-to-rim die crack.
It is defined as a crack that begins at the edge of the die face and ends at the edge of the die face in a different location.
In January, Numismatic News reported that G.J. Lawson - a resident of Hampton, Virginia - found 18 Lincoln error pennies at his local pharmacy.
Other valuable pennies
Lincoln pennies minted last year are not the only versions that can be sold for a nice chunk of cash.
Last year, a wheat penny from 1914 sold for almost $1,000 on eBay.
The wheat pennies, which were introduced in 1909, are significant because they were produced to commemorate the 100th anniversary of Lincoln's birth.
They were also the first U.S. coins to feature a real person.
The 1856 flying eagle cent is worth even more because it has a different design, composition and weight.
In 2004, one sold for $172,500, according to the Professional Coin Grading Service (PCGS).
Where you can find rare coins
You might be surprised, but rare coins could be found in common everyday places.
This includes even in your home.
In particular, rare coins can be found in couches, pockets of clothes, and draws.
You can also visit auction houses, antique stores, pawnshops, and coin collecting clubs.
Finally, you can get your hands on some valuable coins by purchasing them online through USA Coin Book or eBay.
However, before you put in your card details on these sites, you will want to do your research and make sure the listing is from a credible seller.
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The Sun discusses how a 1922 Lincoln penny sold for $901.
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