Coin collecting is a hobby that many people do for fun and the activity of collecting coins goes back to ancient Rome. The motives behind each individual are different. Many would state that they do this hobby because it brings them a lot of enjoyment. In contrast, others partake in coin collecting as a type of investment to sell these objects for a profit. Like many other coins, the US penny has had various compositions and designs over the years. This element of different penny compositions and designs, especially when carefully looked after, cause the coin to rise in value far past the face value of a single cent. Here are the most valuable pennies and coins you can find.
Doubled ‘Closed 3’ 1873 Indian Head Penny
The large position of this 1873 Indian head penny value is due to doubling, which can be seen in the world ‘Liberty.’ Another incredible feature about this coin is that there are only one million of the ‘closed 3’ coins and 11 million coins that are deemed as being ‘open 3.’
1793 Large Liberty Cap Flowing Hair Penny
The production for the large cent Flowing Hair first began in 1793, and the third version of this Flowing Hair penny was the Liberty Cap. The production lasted until 1796, where the Draped Bust type replaced the penny.