American Coins That Were Worth Thousands at One Time But Are Now Worthless
Several American coins that once commanded high prices are now worth little more than their face value.
This decline in value can be attributed to various factors such as market oversaturation, discovery of new coin hoards, or changes in collector interest.
The 1909-S VDB Lincoln cent, minted to commemorate the 100th anniversary of Abraham Lincoln's birth, was initially a highly sought-after coin.
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Its value soared due to its limited mintage of only 484,000. In the mid-20th century, these cents could fetch thousands of dollars in mint condition.
However, the value has significantly dropped due to the increased availability of these coins from estates and collections being liquidated.
Today, while still valuable, a circulated 1909-S VDB cent might sell for a few hundred dollars, a far cry from its peak value.
Known for its striking and dramatic doubling on the obverse, the 1955 Double Die Obverse cent was once one of the most famous error coins.