The 1 cent coin that could be worth up to $75,000

Every day, millions of coins are exchanged around the world. However, if you look closely in your pockets or at the bottom of a drawer, you may find coins that are worth more than you might imagine.

The rise in the value of some coins is the result of rare errors in the minting process. Such is the case of some Lincoln cents that can be worth up to $75,000, but how can you tell if you have one of these coveted units in your possession? Here we explain.

This is the 1 cent coin that can be worth up to $75,000 dollars

This is the 1969-S Lincoln cent that has a duplication error on its main face, also known as a “double die obverse” error in the numismatic world.

This peculiar error, known to collectors as a double die, can raise the value of the coin as much as $75,000, according to experts. The “double die obverse error” consists of certain parts of the coin’s design that appear misaligned due to additional printing.

“Duplicate dies are created when the spindle imprints an additional image onto a die (or stamp) and this causes some misalignment. Duplication occurs due to errors in the minting process,” The Spruce Crafts coin expert James Bucki explained to CNBC Make It.

In the case of the 1969-S coin, the error is in the words “LIBERTY” and “IN GOD WE TRUST,” making it easily recognizable to those who know where to look. If you look closely, you may notice that these phrases appear duplicated.

According to Coin World, there are about 1,000 of these valuable Lincoln cents in existence, and once the San Francisco Mint noticed the error, it was promptly corrected. Another feature is the letter “S” below the year 1969, which means it was created at the San Francisco Mint.

Last year, one of these specimens sold for $35,000. However, coins in excellent condition could be worth up to $75,000.