It is widely known that coin collectors covet a penny that sold for over $1,000.

Lincoln cents are one of the most popular and rare coins, and one of the most valuable ones was sold on eBay for $1,017.51.

According to the Professional Coin Grading Services, the 1909 1909-S VDB Lincoln Penny is a favorite coin of many coin collectors because of its rarity.

According to David Hall, one of his sons once told him, "I'd eat worms for a SVDB."

On the back, bottom center, the coin bears the full name of Victor David Brenner.

As a result of alterations made by the Mint Engraver Charles Barber, the name was changed to the artist's initials.

The placement of the initials on the coin was criticized by people who said it was "free and illegal advertisement" for the designer.

The initials were completely removed from the next set of coins to solve the problem, resulting in a low mintage.

This coin was minted in limited quantities, making it an instant collectible.

According to the second edition of the 100 Greatest US Coins, the VDB penny was ranked 14.

Other coin types like Lincoln pennies can bring huge amounts of money and cause fierce bidding wars.

In May, a 1914-D Lincoln wheat cent sold for $1,875 on eBay.

According to the Professional Coin Grading Service, 1914-D wheat cents sell for at least $89 even in poor condition.

At auction, circulated 1914 cents have sold for more than $10,000, while uncirculated 1914 cents have sold for as much as $2,400 in great condition.

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