Your Lincoln penny could be worth $59,000 - the exact 'copper' details to look for

A COIN collector has decided to feature the top Lincoln penny sales from the Red Copper Collection this week.

The collector and TikTok user blueridgesilverhound will be discussing the 15 rarest coins starting with the 1921 Lincoln wheat cent.

The TikToker, whose real name is Shaun, will be grabbing the highest sales from the auction website called Great Collections.

He recently posted the first of 15 videos detailing what makes this 1921 penny worth $59,625.

Shaun said one reason for the high price can be credited to the coin's nearly perfect grade, MS-68.

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

Most read in Money

The term red penny can also refer to the state of the penny - typically meaning that it's Mint State condition, which this one is.

"The coin is in stunning shape. the reverse showing all sorts of beauty," Shaun said on TikTok.

Pennies may seem like throwaway change but some can actually be worth more than your car.

For example, this 1943 bronze Lincoln cent sold a few years ago for $204,000.

Its value is largely due to an error of being made from bronze and not steel like pennies were supposed to be at that time.

Another is the 1972 Lincoln cent that was sold for $14,400 due to its double die error.

The double die error is when there is a duplication of design elements and can occur when a coin is not properly manufactured.

Lastly, is the 1926 penny that sold in 2006 for 149,500 due to its high grade - MS 65.

Like the 1921 Lincoln cent Shaun spoke about, these pennies are known as Wheat cents or "Wheaties" and were first minted in 1909.

Then President Theodore Roosevelt made the decision to engrave former President Lincoln on the obverse and enlisted the artist Victor David Brenner.

The coin gets its name from the reverse side, where two stalks of wheat are featured.

Make sure to check your spare change for any rare pennies, nickels, dimes and other coins as many of them could sell for thousands.

Typically, the most valuable coins are ones with a low mintage or an error, as collectors find those coins are some of the rarest.

Additionally, coin experts will pay top dollar if they are also well-struck.

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.”