Have coins? Will collect! Old coins that is. Try looking under that old dresser, or up the attic where grandma or grandpa’s things may be stashed away patiently waiting for you to discover them. Who knows, you might find a coin there, an old coin that – at today’s rate - may be worth a few dollars; probably three or four or five, even ten times what the coin was worth back then.

• A penny a day, is worth okay

Fortunately or unfortunately, there was a shortage of copper during the year 1943 and all pennies made at that time were minted using steel. There were however, some Lincoln pennies that were incorrectly minted on bronze that turned out to be blanks. A few years – or decades later -these bronze pennies became a rarity and are valuable. The steel ones though, because of their commonality, are worth only between one to three dollars each.

Read the rest of this entry

Can you imagine carrying $10 million in pennies? Well maybe if you had the coin collection that was recently sold in Long Beach, California, it wouldn’t be so difficult.

288 pennies brought that $10.7 million in an auction. The collection consisted of 301 rare, early American pennies. Often referred to as "large cents", these antique copper coins are about the size of today’s quarters. They were minted during the time of George Washington and Thomas Jefferson, roughly 1793 to 1814.

At the end of the auction, there were 13 pennies left. These remaining coins were expected to be sold within a week of the auction.

Read the rest of this entry