The 20 cent coin that could be worth more than 1,500 dollars

With the technological revolution and the dramatic influence of the covid pandemic, we pay more and more by card these days, often leaving home without any cash in our wallets. Gone are the coins and bills with well-known images and engravings on both sides for many, although there are still people who are less trusting of the digital options and remain loyal to the traditional payment method.

Money has been a fundamental part of societies since its inception, and currency exchange a daily activity across the globe. Now, though, most money movements are close to invisible.

Due to its scarcity, some financial specimens are acquiring great value for collectors. Each object can have a different price depending on the person looking at it. And this is how, since the beginning of humanity, we have collected all kinds of objects that have passed from generation to generation and that, on occasions, are authentic works of art. Among them are some coins.

Collectables: 20 cents into 1,500 dollars

Coins have generally been good at gaining value over time. Easily accessible public auction portals, such as Ebay, have been a useful marketplace showing just how certain coins have increased in value depending on the curiosities or characteristics they have.

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One example of this can be seen in the image above, a 20 euro cent coin which has been valued at 1,575 euros on the platform. (Note that one cent/euro is currently matching the value of one US cent/dollar). The reason behind this huge jump in valuation is because the 1999 printing of this coin has an error: the image of the famous Spaniard Cervantes has an excess piece of metal (marked above).

If you have a coin collection of international currencies gathering dust in the loft, maybe now is the time to dig it out and check to see if this special Spanish one is lurking there. It could make for a very pleasant day.