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What is the Value of a Coin?
 Allison Meyer
Sentiment
Coin collectors live for finding important pieces to add to their collection. But what defines the importance? Though certain coins carry a huge monetary value, the coin value lies mostly in sentimentality. While an Elvis fan might love the idea of a coin with "The king of rock n' roll's face across it, an Elvis fan who also collects coins would probably find greater joy in the piece. In this situation, the coin value depends upon the eye of the beholder.
Monetary Worth
The well known quote "find a penny, pick it up, all day long you'll have good luck, may be more than just a fun rhyme if you stumble across certain kinds of pennies. For instance, a 1955 double die penny, imprinted with shadowed words and date, could mean a very lucky day. These pennies, with only about 24,000 in circulation, hold a value range of $300-25,000+. They may only exist due to a printing error; however this penny would be no mistake to desire.
Even better, a 1943 copper penny could set your financial worries at ease with an estimated coin value range of $10,000 to $100,000+. That's a lot of zeros for something that was once only worth one cent. With only 40 of them estimated to exist today, its existence is also a mistake. In 1943 copper and zinc were needed for the war, resulting in zinc-coated steel pennies. It is speculated that the coin was created by accident when blank one-cent copper alloys remained in the press hopper as they started the production on new steel pennies. While the chance of picking up one of these pricy pennies is slim, the chance of it being real is also slim. Because of the great worth of these pennies, there are many counterfeits out there looking to fool eager buyers.
Ultimately, a coin may carry a high sentimental or monetary value, but its true worth is simply what one person would spend to claim ownership.
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