Only if you have the other 49 pennies in the set.
The state was stamped on it after it left the mint. It has no collector value -- novelty value is perhaps 25 cents.
If it is a penny, then it has to be.
1 cent. It's a novelty item made privately.
The colors are red and white. They don't stand for anything because they were picked by the governor of Alabama at the time.
... Alabama
No, Auburn is a city in the state of Alabama.
1¢ It's a novelty item made by a private company by altering a genuine cent and selling it at an inflated price as a "collectible".
Alabama is a state, not a city.
the misprint will increase the value, but not by much. the coin is most likely worth $12
The outline of the state of NJ was added after minting. I have a frame on the wall of my study that has a penny for each state and the outline of each state has been put on each penny. It's a nice and pretty display, but the coins separately are only worth a penny. The entire state collection in a nice presentation would be worth maybe $40.00. You may find individual states in a coin dealer's misc. bin for a quarter apiece.
It is the Capital of the US State of Alabama and a former Capital of the Confederate States of America.
Alabama