As a result, saving even a penny for a coin collection was not an option for most Americans. It's also one of my favorite coins! Compare your now very old Indian pennies to the series value chart. These large numbers of collectors, building collections are putting a heavy demand on the rare dates and better condition coins. To be precise: Copper pennies made up until 1962 had a 5% balance . Step 1 image and text links lead to series pages of in-depth coverage. Prior to this date, pennies were large and bulky and were almost the size of a half-dollar. Keep that in mind! Here are 12 more valuable Lincoln pennies that you should definitely check for if you happen upon a very old penny. Since this coin exhibits evidence of circulation and must have exited the mint via regular distribution channels. Bucki estimates that a 1992 Close AM coin in fairly new condition could be worth about $20,000, while a used one could sell for around $2,000 to $3,000. Most Valuable Quarters: A List Of Silver Quarters & Other Rare Quarters You Should Hold Onto! For example: the reverse of a Lincoln cent features fine parallel lines in the "wheat" design. And,that 1:4 ratio of copper pennies to zinc Lincoln cents seems to be about my probability of finding copper one-cent coins in circulation today. Some of these one cent coins are worth hundreds! From the early days of coinage, half cents are now scarce and collected by specialists. In the United States over 70 billion pennies have been minted in the last decade alone. Bucki estimates that at least 250,000 coins released with the doubled die. Of all the cents currently in circulation these pennies are worth the most money. My love for coins began when I was 11 years old. The home page is an excellent index, quickly leading to the major coin series. Lutes owned the coin until his death in 2018. A penny or cent is one-hundredth of a dollar, which means a hundred cents or pennies make a dollar. Keep coin roll hunting and a. 1980-D Penny Value You should definitely keep your eyes out for one of these! Notice that those mintage numbers for the business-strike S-mint Lincoln pennies are in the millions, not billions like most Philadelphia and Denver pennies from that era. For instance, Denver only minted seven of the 1944 steel pennies, making it the second rarest mint mark out of all three mints. Because not many of these pennies were minted, proof coins of either variety are valuable. The 1969-S doubled die penny is among the most valuable Lincoln Memorial pennies, which were minted from 1959 through 2008. Also called the 1982 No P Dime, these dimes were the first and only U.S. business strike coin (a coin intended for circulation) that accidentally left the U.S. Mint without being stamped with their designated mint mark. 1922 No D plain Lincoln Wheat Penny, $2,050 Repairs to a damaged coin die left the 1922-D cent without any visible trace of its mint mark, leaving a coin that many thought back in the mid 1920s was a typical unmarked penny from the Philadelphia Mint. Primarily its overall appearance sets the initial eye appeal impression. Officially, theyre worth only face value if worn, but Ive seen many circulated S-mint Lincoln Memorial cents selling at coin shops for 5 to 10 cents. The suspects made off with a chunk of the cargo - leaving 10-cent coins scattered around a Philadelphia . 1969-S Doubled Die Penny. You're likely to be offered a small fraction of what they're worth.. This is an indication that they were not "helped" by some unscrupulous mint employee. Coins that are in higher grades, come under suspicion that they may have been helped by a mint employee. Similar to the 1969 Doubled Die, the doubling on this penny is especially prominent in the words "LIBERTY" and "IN GOD WE TRUST" with some light doubling on the date, said Stone. Many copper coins exhibit subtle qualities, when recognized, add to understanding potential value. But it is scarce to find an uncirculated 1926-S Lincoln penny with its original copper-red color. These are the auction records for the rarest Morgan Silver Dollars series: As part of a General Mills promotion in 1999, 5,500 Sacagawea Dollars were placed inside every 2,000th box of Cheerios. (Collectors refer to the obverse of a coin as the front or "heads" side usually bearing a portrait.) Value: $50,000 to $70,000+ There are few Lincoln Memorial pennies more rare or valuable than the 1969-S doubled die. A deeply toned cent lacks a clear view of the coin, obscured by the deepness of color. While the front of the 1983 Lincoln Memorial Cent looks perfectly ordinary, the back might have a particularly lucrative error. Coin values are determined by using the grading images to judge condition then checking the date and values on the charts provided. Any one of these coins in circulated or uncirculated condition is extremely rare. There are believed to only be about 20 of these rare coins in the world. Of course, receiving 5 copper pennies weekly isnt a very efficient way of building a nice hoard of copper pennies. On one side, "In God We Trust" is doubled, and "Liberty" is doubled on the other. Additionally, they can help get your coin certified by a grading service and guide you through the entire selling process. Their demand is supporting strong values, high condition examples are avidly sought. For the world's rarest and most coveted pennies, values are well over $100,000 and approaching $2 million. It is believed that less than 100 examples of the authentic 1969-S Doubled Die Obverse cents still exist, with only 40 examples ever certified. This page is a work in progress, share to social media and check back later for updates. Coins in this condition are few and far between and are truly treasures to behold. If it sticks, the coin you have is made of steel and holds a lower value, though steel 1943 pennies that maintain their gray color are still worth a pretty penny and have sold for as much as $218,500 at auction. Auction record: $10,200 Heritage Auctions. Read on to find out what makes these 16 coins the most valuable U.S. pennies, based on over 250,000 public records and auction sales figures. This 1943 Lincoln penny should have been struck on a zinc-plated steel planchet but was in fact made with a bronze alloy planchet. While the original edition pennies from 1909 can have significant collectable value, other editions of the Lincoln penny can be highly desired by coin collectors as well. Dont even think about trying to sneak a few copper pennies over to the scrap yard. Dealers and collectors identify the different stages of wear separating coins from the most worn to the least and each is assigned a "Grade". Pre-1960 Lincoln Wheat Pennies: These pennies were produced between 1909 and 1958 and feature an image of Abraham Lincoln on one side and wheat stalks on the other. We have discounted proof coins, error coins, as well as any "special strikes", to create a clean list of pennies you have a higher probability of finding from the current pool of circulating United States currency. In fact, only 852,500 were originally minted, and only a small fraction of 1877 pennies from the original mintage remain today. This coin was heavily circulated and was commonly subjected to the widespread use of "penny boards" in the 1930s and 40s, which people use to collect coins from circulation. Click coin image to view full-size image. The difference with looking through rolls of pennies is that Im looking at many more coins that way than I ever would through my cash transactions alone. After 1964, a new alloy was used that eliminated silver, which is still in circulation today. 1943 copper Lincoln Wheat Penny, $45,000 A Philadelphia Mint version of the 1943 copper penny may not be worth quite as much as a San Francisco Mint or Denver Mint example in Extremely Fine grade on the Sheldon Grading Scale, but its a rare coin nevertheless. Old coins and collections are enjoyed because the eye appeal and aesthetics of each example in the set. 2023 Wealthysinglemommy.com, Single Moms: Date, parent and make money like a mother, How and where to sell gold coins for the best price, Why is child support so unfair to fathers? The most exciting thing is you can find some of these rare, valuable pennies easily because they're still in circulation. (Most pennies minted that year have very definite spaces between those letters.). Copper coins when first minted began as shades of bright red-orange-gold. Collectors now have another variety as part of collections. These dimes came to be known as Mercury Head dimes. Last year, one sold for $35,000, according to Coin World, a popular news and analysis website for collectors. Sold: September 2010; Legend Numismatics, Private Sale. Similar to the 1972 penny mentioned, the 1971 S penny has a doubling error on both sides. In 1909, The United States Mint replaced the Indian Head penny with the Lincoln cent. Sold: August 2008; Heritage Auctions, Baltimore, MD, ANA US Coin Signature Auction. Some of these cents can become extremely valuable for coin collectors, like the first place on our list that reaches $100,000! Proceeds of the sale went to the Berkshire Athenaeum in his hometown of Pittsfield, Massachusetts, according to the Dallas-based auction house. Remember, a substantial fraction of the coins that were once minted no longer survive today, as many have been lost, melted, or damaged beyond recognition. To identify this ultra-valuable penny, take a close look at the date and mint mark. If you think you've found a valuable penny, Stone suggests consulting a professional. While most pennies are only worth a few bucks, highly coveted ones might be sitting in your pocket or stuck somewhere in your couch cushions. *All of the coin values listed from 1958 or earlier and 1959 to 2000 came from USA Coin Book, unless otherwise noted. Auction record: $40,250 Heritage Auctions. Its believed that less than 30 copper 1943 pennies exist from across all three mints (Philadelphia, Denver, and San Francisco) operating at that time. 7 Rare Wheat Pennies To Collect & What Theyre Worth Today, This 1982 Copper Penny Is Worth $10,000! Read on to find out what makes these 16 coins the most valuable U.S. pennies, based on over 250,000 public records and auction sales figures. It is estimated that fewer than 20 were released by each of the Philadelphia and San Francisco mints. You Could Find This Rare Penny In Your Pocket Change Heres What To Look For, 1968-S, 261,311,510 business strikes minted, 1960-D/D Small Date Over Large Date, $100. Leighann was named one of Pittsburgh Magazine's '40 Under 40 Honorees' for spearheading a social media campaign to connect people with COVID-19 vaccines and resources. 1936 Dot Penny Image courtesy of Heritage Auctions Coming in at number 1 on this list of rare Canadian pennies is the renown 1936 "dot" penny. As opposed to the 1955 Doubled Die Lincoln Cent, where thousands of them are known, there are only three 1958 Doubled Die Lincoln pennies known to exist. Visitors can click on the links in the list below to view larger images of both sides of the coins (mint mark locations, error/variety diagnosis, etc), detailed pricing data for various conditions/grades of the coins, mintage figures, metal composition, history and other encyclopedic information regarding each individual coin. There are estimated to be about 15-20,000 of these pennies still in existence, though there are many counterfeits on the market. The Value of an Indian Penny | Very Solid. Toning begins immediately and starts to deepen the colors turning shades of brown. One factor contributing to this coin's significant value is its low mintage. Stone estimates that 15 to 20 are known to collectors today, although it's possible that there are a few that have not yet been accounted for. Of all the modern Lincoln cents the Wheat Penny stands out the most. Source: PGCS.com This penny is the rarest date of all the Indian Head pennies ever minted. Although the doubling is not as dramatic as the 1955 doubled die obverse, it is evident with low-level magnification. The 1914-S Lincoln cent is by no means a rare coin. Condition is also playing an increasing role. Condition is judged comparing to images, video and descriptions. Finally, demand is the factor that drives value the most. We have discounted proof coins, error coins, as well as any special strikes, to create a clean list of pennies you have a higher probability of finding from the current pool of circulating United States currency. So which pennies are worth money? Date further identifies your coin and combined with availability, establish value. If all lines are separate and sharp the coin is showing signs of grading Extremely Fine or better. If you are investing money in rare pennies, buy coins that are in the best condition you can afford, and always focus on purchasing coins that display original color and are in nice shape overall. Condition is another; coins that stayed out of circulation may retain their original coloring and fine details, significantly adding to their value. Older copper pennies are 95% copper and 5% something else. When the right coin is available and is needed for their collection, none hesitate to pay. Stay up to date with everything about U.S Coins, We dont spam! But coins hold their value remarkably well. Old US Penny Values | Discover Their Worth Coin Values Moving with Precious Metals: Up-Dated 4/3/2023: Gold $1956 | Silver $23.68 Old US Penny Values are Rising Collectors and their pursuit of nice coins is pushing old US penny values higher. But due to a mix-up, a proof die was used for the reverse of the coin before it was supposed to be used starting in 1993. Although it may sound like a lot, the average mintage numbers are usually in the millions! The better the quality of the coin, the more it could be worth. Large cents with pleasing surfaces, lacking deep marks are somewhat elusive and special coins. In fact, in 2019, a 1943 bronze Lincoln cent sold at auction for $204,000, and in 2015, a Birch cent, one of America's first pennies, was bought for $2.6 million dollars. At least, that's what was supposed to happen. 1803 Draped Bust Silver Dollar - This is one of the rarest and most valuable coins, and only four of them are known to exist. Are you concerned the precious metals train has left the station without you. Auction record: $4,560,000 Stack's Bowers. Real Helpful. Actually, 1856 Flying Eagle pennies were made as a pattern coin, and while many of them circulated, the series wasnt intended to be produced on a mass scale yet not until 1857, anyway. Initially, the government believed that these were counterfeit coins and began confiscating them. Their original coloring and fine details, significantly adding to their value have very definite spaces between letters. For a coin collection was not an option for most Americans details, significantly adding to value. And `` Liberty '' is doubled, and only a small fraction of pennies... Its original copper-red color you think you 've found a valuable penny, take close. 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