Did you know that a coin issued in the 1970s can be worth more than $10,000? Coins commonly circulated decades ago are now strongly sought after as treasures for collectors. This rare and expensive coin has attracted the attention of numismatists worldwide for its uniqueness, limited production, or historical significance but what makes the coin so valuable and which and should you search?
This article examines five notable coins from the 1970s that sold for incredible prices, why they fetch such commanding sums, and offers practical advice on how to find these hidden gems in your collection
5 High Value Coins: Key Features
Coins from the 1970s might just be a hidden treasure you’ve overlooked. With some fetching over $10,000 at auction, now is the perfect time to dig into your collection. From the 1972 Double Die Lincoln Cent to the 1973-S Silver Dollar, these coins prove that a little knowledge can go a long way in finding valuable collectibles
1. 1972 Lincoln Cent (Doubled Die)
The two-die face of the 1972 Lincoln Cent is one of the most popular mint coins of the 1970s. The double is struck “GLASS”, “IN GOD WE WEAR COMMANDMENT”, and the date is struck “1972”.
Why It’s Valuable
- Very few of these shortfalls were made before the problem was fixed.
- High-end pieces (MS-65 or better) brought over $15,000 at auction.
How to Identify It
- Study the obverse under magnification.
- Doubling manifests as a shadow or image on the letters and numbers.
2. 1970-S Small Date Lincoln Cent
This rare coin is characterized by a “short date” variation that places the “7” of the date against the rest. This coin was minted at the San Francisco Mint and is extremely rare in excellent condition.
Why is it valuable
- Minor date changes are more difficult, especially in the upper classes.
- A sale of MS-65 or higher costs about $20,000.
How to Identify It
- Compare the “7” in the date to other 1970-S cents.
- The small date version has a more delicate and compact appearance.
3. 1971 Eisenhower Dollar (Proof)
The 1971 Eisenhower Dollar Proof is a rare coin with a Type 1 back. It has a strong eagle design on the back and was made in small print at the San Francisco Mint.
Why It’s Valuable
- Proof coins were minted for collectors, and the Type 1 reverse is exclusive to early production.
- These coins sell for over $10,000, especially if they are flawless.
How to Identify It
- Proof coins have a mirror-like finish.
- Look for the bold Type 1 eagle on the reverse.
4. 1976 Bicentennial Quarter (Error)
In 1976, Bicentennial Quarterly was created to commemorate America’s 200th anniversary. Error versions of this coin, such as double strikes or off-center strikes, are invaluable.
Why is it valuable
- Defects on commemorative coins are rare and highly collectible.
- Depending on the type of offense, these coins can sell for more than $10,000.
How to Identify It
- Double Strike or Off-center Features
- These are usually apparent without magnification.
5. 1973-S Silver Dollar (Proof)
The 1973-S Silver Dollar is included in a specific silver proof set and was struck in very limited mintage quantities. Its low mintage and its silver content have made it extremely popular among collectors.
Why It’s Valuable
- Very few of these coins were struck for collectors.
- High-grade proof examples have sold for more than $11,000.
How to Identify It
- The coin features an “S” mintmark below Eisenhower’s neck.
- A silver content coin typically shines very bright.
What Makes These Coins So Valuable?
Many factors determine a coin’s value, such as rarity, condition, historical importance, and rare errors. These are the major reasons why the 1970s coins bring such a price:
- Minting Errors: Coins with mistakes, such as double dies, misaligned strikes, or off-center prints, are highly sought after because they’re rare and visually distinct.
- Low Mintage Numbers: With few minted quantities, low-mintage coins frequently become collectible items because they are rare.
- Historical Significance: Some coins, such as the Bicentennial series, are meant to commemorate an important event and carry sentimental value.
- Condition: Coins in mint condition (graded MS-65 or better) are worth much more than those with wear.
Conclusion
Coins from the 1970s occupy a prominent place in monetary history, and some governing values are far removed from their original names. Whether you have acquired a collection or are a longtime admirer, finding one of these valuable coins can be an exciting experience. Remember that the value of money depends on its scarcity, condition, and current market demand. So, before you throw away that old jar of money, take heed – you just might find a treasure more valuable than you ever imagined!
FAQ’s
How do I know if my 1970s money is worth it?
Check for all faults, mint marks, and condition. Use magnification to check for double folds, misprints, or other discrepancies. Comparing your coins to online databases such as PCGS or NGC can provide additional insight.
What is the best way to raise value?
Use cash drawers or albums designed for fundraising. Avoid direct contact to avoid oil stains on the surface.
Do I have to prepare my money before I sell?
No! Washing damages the surface of the coin and can significantly reduce its value. Leave your money in its original form.