The Penny is used the most in the US.
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The most valuable American coin in current production is the half dollar. This half dollar is worth 50 cents when used.
Such a coin containing a spelling error would most likely be counterfeit, most likely contemporary to when the coin was being used for every day commerce. But, you'd have to post the actual spelling error in question to actually get an accurate answer for certain.
The hole was used to tie a string in order to recover the coin once the coin was used in a vending machine .
The most basic thing is the weight and diameter of the coin. if you have doubts about the authenticity of the coin, take it to a coin dealer for an assessment.
August 10, 2009 Without a doubt the most valued coin in America is the 1933 Saint-Gaudens Double Eagle. The most recent sale of this coin brought over 7 million dollars.