YOU may want to check your change after a state quarter sold for $2,875.
A coin collector known as TreasureTown on TikTok posted a video about the rare state quarter detailing the qualities that makes the coin so valuable.
He shared that the quarter was mistakenly struck on an experimental planchet with a different composition not found on other traditional coins.
"In 1999 there were experimental planchets on many different coins but instead this one weighs exactly 100 grains and is a unique metal composition that is not exactly known to the Sacagawea dollar," he said on TikTok.
Back in 2011, one example of a coin sold on Heritage Auctions for just under $3,000.
More recently, a similar Massachusetts quarter sold for $3,760 on Heritage Auctions due to its high grade of MS (Mint State) 69.
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More about the state quarter
This is the sixth coin from the 50 State Quarters Program and was released on January 3, 2000.
The obverse features the bust of President George Washington while the reverse has a more intricate design.
It showcases the Minuteman against an outline of the state and highlights Massachusetts's admittance into the Union on February 6, 1788.
The obverse was designed by John Flanagan and William Cousins while the reverse was created by Thomas D. Rogers.
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Collectors can find the following inscriptions on the reverse: THE BAY STATE, MASSACHUSETTS, 1788, 2000, and E PLURIBUS UNUM.
The coins were minted in Denver and Philadelphia and should be struck on 75 percent copper and 25 percent nickel.
How are coin values determined?
This particular state quarter had such a high value due to its grade and error.
Errors happen when the mint incorrectly manufactures a coin, leading to elements that are not supposed to be included.
However, experts determine a coin's value based on a variety of factors.
This includes mintage, errors, demand, age, design, and condition.
More importantly, coins are graded on a rigid scale which is what collectors will pay big bucks 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 the highest figure being flawless.
How to find rare coins
Make sure to check your spare change for any rare pennies, nickels, dimes, and other coins as many of them could sell for thousands.
Along with errors and grades, collectors may also pay big bucks if a specific coin has a low mintage.
A great website to check if your coins are worth anything is eBay.
You just need to search the full coin name, select the "sold" listing and then toggle the search to "highest value”.
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