As a collector, you eventually reach the point where you need to purchase your coins from a coin dealer or at auction to achieve the quality you want. Most of them pulled the coins out of circulation. Almost every collector of United States coins began collecting the Lincoln penny. And some coins are made more valuable simply by being unintentional, as with the 1943 Lincoln pennies that were mistakenly made with bronze rather than steel.įinally, demand is the factor that drives value the most. Condition is another coins that stayed out of circulation may retain their original coloring and fine details, significantly adding to their value. But, of course, rarity is a significant factor in determining a penny's worth. For the world's rarest and most coveted pennies, values are well over $100,000 and approaching $2 million. Some little pieces of copper can be worth some huge dollar amounts.
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