How to Check If Your $1 Coin Is Worth $14,000

Some lucky people might be able to sell a $1 coin they own for almost $14,000, financial review site Tododisca reports.

Here's how to check if your coin can fetch such a high price.

1. Which President Is On Your Coin?

The coins on the market that are currently going for around $13,500 have President Dwight D. Eisenhower on their head.

Like all other dollar coins, they also say "In God We Trust" on the head of the coin and have an eagle and the words "E Pluribus Unum" and "United States of America, One Dollar" on the tail.

There are many dollar coins in circulation and for sale right now, with some of the most popular being the Sacagawea Gold Dollar Coin, the Seated Liberty Silver Dollar Coin, and the Peace Silver Dollar Coin, according to the U.S. Mint.

2. When Was It Manufactured?

To verify that you have an Eisenhower coin, make sure it was manufactured between 1971 and 1978. You can check this by looking at the date on the coin's head.

The Eisenhower coin stopped being made after 1978, which is why it is a collector's coin today and will accrue in value.

Other dollar coins that are no longer manufactured by the U.S. Mint include the Susan B. Anthony dollar which was produced between 1979-1999, the Peace dollar which was produced between 1921-1935, and the Sacagawea dollar which was produced between 2000-2008.

The dollar coins that the U.S. Mint is still manufacturing are the Native American, Presidential, and Silver Eagle dollars.

3. Does It Have A Mint Mark?

Even if you do have an Eisenhower coin, the most essential element for its worth is whether it has a mint mark.

The mint mark is a letter on the head of the coin that signifies where it was produced. Mint marks were not allowed on coins between 1965 and 1967 under the Coinage Act of 1956 to discourage collectors from hoarding specific coins.

Despite mint marks being reintroduced in 1967, The Eisenhower coins, worth around $13,500, do not have a mint mark. This is what makes them exceedingly rare.

4. What Condition Is It In?

To be sold for its full worth, your coin must be in "mint" condition. A rusty or old-looking Eisenhower coin may still be worth more than a dollar, but a shiny and clean coin will fetch fetch more from collectors.

Of course, it is always best to check with an expert before selling any dollar coins in your possession. A coin and/or antiques expert will be able to determine if your coin has any worth or if you're just about to give money away.