This easy step-by-step guide explains what makes this penny valuable — and how to identify one yourself. 
Step 1: The Unique Error That Makes This Penny Valuable
Unlike most valuable coins, this penny isn’t rare because of its age — it’s rare because of a striking mint error.
Key features to look for:
The words “UNITED STATES” appear merged as “UNITEDSTATES”- The words “OF AMERICA” appear merged as “OFAMERICA”
Strong, sharp lettering visible even without magnification
Highest-value examples are in Mint State condition (MS65+ Red)
This dramatic lettering error is instantly noticeable when compared to a normal penny.
Step 2: Why Collectors Paid Over $100,000 for This Coin
This penny commands such a high price because of three critical factors:
Extremely Limited Supply
- Only 3 to 5 confirmed examples exist worldwide
- Likely created during experimental mint testing
- Never intended for general circulation
Major Minting Error
- Caused by improper die alignment during production
- Letters were pressed together incorrectly
- Created a highly visible and collectible error
Strong Historical and Collector Demand
- Represents a rare mint production anomaly
- Highly desirable among advanced collectors
- Frequently pursued by museums and serious investors
Step 3: How to Identify This Rare Penny (Simple Checklist)
Follow these steps carefully:
Check the Reverse (Back of the Coin)
Look closely at the inscription.
Rare coin: UNITEDSTATESOFAMERICA (no spacing)
Normal coin: UNITED STATES OF AMERICA (clear spacing)
Compare With a Regular Penny
Place the coin next to a normal Lincoln cent. The difference in spacing should be obvious immediately.
Verify Weight and Specifications
A genuine coin should match these specifications:
- Weight: 3.11 grams
- Diameter: 19.05 mm
- Edge: Plain edge (no ridges)
- Metal: Copper
- Magnet test: Non-magnetic
Step 4: Value Based on Condition
The better the condition, the higher the value.
| Grade | Condition | Estimated Value |
|---|---|---|
| AG-3 | Heavy wear | $5,000 – $10,000 |
| VF-20 | Moderate wear | $15,000 – $25,000 |
| AU-55 | Light wear | $30,000 – $50,000 |
| MS-63 | Excellent condition | $60,000 – $85,000 |
| MS-65+ | Nearly perfect | $90,000 – $102,000+ |
Record sale: $102,000 for a certified MS65+ example
Step 5: Where These Rare Pennies Are Most Likely Found
You might find one in unexpected places:
Old family coin collections
Estate sales and inherited coin boxes- Bank rolls containing older pennies
- Dealer inventory or bulk coin lots
Many valuable coins remain undiscovered because people overlook small details.
Step 6: How to Authenticate and Protect Your Coin
If you believe you found one, follow these steps:
Get Professional Certification
Submit the coin to trusted grading services like:
- PCGS
- NGC
Benefits include:
- Authentication confirmation
- Higher resale value
- Increased buyer trust
Take High-Quality Photos
Use proper lighting and close-up photography to document the error clearly.
Choose the Right Selling Platform
Best options include:
- Heritage Auctions
- Stack’s Bowers
- Certified online marketplaces
Professional grading significantly increases selling potential.
Step 7: Warning Signs of Fake Coins
Be cautious of counterfeit coins.
Red flags include:
- Artificial engraving
- Added or altered lettering
- Incorrect weight or metal
- Magnetic reaction
Authentic copper pennies are never magnetic.
Collector Insight: Why This $102,000 Penny Is So Important
This rare error penny represents one of the most fascinating mint mistakes in modern coin collecting. With only a handful of verified examples and strong collector demand, its value continues to attract attention worldwide.
Because these coins were never meant to enter circulation, finding one today would be extremely rare — but not impossible.
Checking your older pennies carefully could potentially uncover a life-changing discovery.
