‘Brilliant and razor-sharp’ proof coin could be worth $13,800 but you must inspect both sides carefully

YOUR coin may be worth $13,800 if you find some specific factors.

The 1856 Three Cent Silver is an extremely rare and valuable coin as the mintage was only about 1.4 million.

The 1856 three-cent recently sold online for over $13,000

2

The 1856 three-cent recently sold online for over $13,000Credit: Heritage Auctions

Additionally, there were several proof coins manufactured despite having no record of them.

Proof coins are money that isn’t made for the public in the same way business strikes were.

These are early samples of a coin issue only made for archival purposes and for checking dies.

Regardless, Professional Coin Grading Services (PCGS) estimates that there are 60 proofs known – only adding to its value.

Read More on Coin

Back in January, the coin sold for $13,800 from Heritage Auctions due to its scarcity and high grade.

“This gem is brilliant and razor-sharp,” the auction site said.

COIN CRAZE

The 1856 three-cent coin was given the grade PR65 Cameo, an extremely high grade.

Cameo coins have more of a frosted finish with mirror-like features.

Most read in Money

This particular coin had a PR65 which is considered very high.

‘Don’t walk, run to a scale’ because your penny could be worth $30,000 because of the weight and exact letter mint mark

Experts will determine the value based on a variety of factors including mintage, errors, demand, age, design, and condition.

They’re also graded on a rigid scale, which is what folks will pay top dollar for.

There are five main components when it comes to a grading scale including strike, surface preservation, luster, coloration, and eye appeal.

Coins are assigned a whole number between 1 and 70, with 70 being a flawless coin.

COINING IT

Since coins can be worth much more than their original value, it may be beneficial to check your spare change for any rare pennies, nickels, dimes, and others.

Coin experts will also pay big bucks if you find some that are well-struck.

Coin collectors will pay big bucks for any that have high grades or are errors

2

Coin collectors will pay big bucks for any that have high grades or are errorsCredit: Getty

A great website to check if your coins are worth anything is eBay.

Just type in the full coin name, select the “sold” listing, and then toggle the search to “highest value.”

Read More on The US Sun

My WW2 penny sold for $82,250 thanks to 3 factors – but it was the letter on the front that made it so valuable.

Plus, a historic coin is worth money thanks to its unusual shape.

 8 total views,  3 views today