She previously worked for the Pittsburgh Tribune-Review, Pittsburgh Magazine, and Akronlife Magazine, and served as the editorial director of a real estate marketing company. On the surface, there is nothing visually spectacular about this coin. A case for needed reform . 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. Providing for safe handling, preserving of value and organizing your box of old coins. This coin was first discovered in 1970 and was reported by Coin World on the front page in its July 8, 1970 edition. Also, look for the letter "S" right below the year 1969, which means it was created at the San Francisco Mint. While the front of the 1983 Lincoln Memorial Cent looks perfectly ordinary, the back might have a particularly lucrative error. Lutes owned the coin until his death in 2018. Its believed that less than 30 copper 1943 pennies exist from across all three mints (Philadelphia, Denver, and San Francisco) operating at that time. They are usually dark brown in color, but occasionally red. So, dont do it. Penny values span a wide range. "The regular run was supposed to have the letters 'A' and 'M' in 'AMERICA' almost touching, and the special proof coins were supposed to have a wider space between those letters," said Bucki. Heres the short answer the one you probably dont want to hear: NO! As of this writing, anyway. Sold: March 2014; Heritage Auctions, Atlanta, GA, ANA National Money Show US Coins Signature Auction. Sold: August 2007; Heritage Auctions, Milwaukee, WI, ANA Signature Coin Auction. There are estimated to be about 15-20,000 of these pennies still in existence, though there are many counterfeits on the market. 1931-S Wheat Penny Value: $70-$150 Auction Record: $18,600 Shop 1931-S Wheat Cents on eBay.com The 1931 S Lincoln Wheat Penny is a key date in the series, with only 866,000 coins minted. Sculptor Victor D. Brenner was asked by the U.S. Mint to design a coin depicting Abraham Lincoln in celebration of his centennial birthday. Also, in the 1930s and 40s, most coin collectors acquired their coins from circulation, so it is not hard to find a circulated example of a 1926-S Lincoln penny. One variety had a widely spaced "AM" in the word "America.". As example, a 1909 penny has a total of six varieties. This particular die gouge is highly visible running through the bisons back. to the coin's reverse, at the bottom between the two stalks of wheat. Why so few? These newer, zinc-based Lincoln cents are often called Zincolns and are widely available in circulation today. For 2008, the U.S. Mint decided to modify the reverse design of Silver Eagle coins. Not because of its date of minting, but because of its die variety. However, a steel planchetleft over from 1943 must have found its way into the coining press. While Lincoln is still on the penny today, the wheat is long gone. The close "AM" version is the more valuable penny of the two. From the early days of coinage, half cents are now scarce and collected by specialists. 7 Rare Wheat Pennies To Collect & What Theyre Worth Today, This 1982 Copper Penny Is Worth $10,000! 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. But steel pennies are a topic for another article. Penny values span a wide range. Nearly all of the 1943 Lincoln Wheat Cent produced are steel cents, but there were some that used copper planchets in addition to the steel. The 1943 bronze Lincoln cent attracted nearly 30 bids and sold for $204,000 in January, according to Heritage Auctions, the organization that conducted the sale. It's a strange piece and one well worth looking for! Because of their uniqueness, theyre remarkably valuable. Lincoln pennies minted from 1959 to 1982 are made of 95 percent copper and have about 2.5 cents worth of copper in them. Five coins were confiscated and destroyed before they were acknowledged as being genuine. It may be worth taking a look, because many of the most valuable pennies on this list were made in the 20th century. Bottom line: OK, we'll admit it. Thisstray planchet created a great rarity treasured by coin collectors, and they are willing to pay handsomely to add this coin to their collection. Isn't it funny how having an extra ear can make a penny valuable? Coin. While a circulating coin typically lasts 30 to 40 years, some lucky collectors have found pennies minted in the mid-1900s in their pocket change. Step 1 above are image links to match your coin. But it is scarce to find an uncirculated 1926-S Lincoln penny with its original copper-red color. Doubled dies are created when the hub imprints an additional image onto a die or stamp causing some misalignment. While the two most valuable coins on this list are coincidentally the rarest (between 20 and 40 specimens each of the 1943 bronze cent and 1944 steel cent are thought to exist), the order of which coins are most valuable doesnt necessarily correspond with the order of rarity. Small Pieces of Copper Worth Huge Amounts of Money. Copyright 2007-2023 Daniel A. HarrisAll Rights Reserved. The wheat penny was first minted in 1909, and it was the first coin in wide circulation to feature a U.S. president. While some people may think that all pennies are made entirely from copper, virtually every one-cent coin made since late 1982 has a composition consisting of 97.5% zinc and 2.5% copper. Discover all the rare varieties, dates and mintmarks. Stay up to date with everything about U.S Coins, We dont spam! "The few bronze coins that were struck went unnoticed and got released into circulation.". In 1955, the Mint accidentally struck a working hub and a working die together when they were both slightly rotated differently from one another, leaving a double die impression. How to Find Rare Coins Worth Money and Wanted by Collectors. The story behind copper 1943 Lincoln Pennies is presumed to be a pure accident at the U.S. Mint perhaps a few leftover copper planchets from 1942 were stuck in the coining press system and struck with 1943 penny dies. Auction record: $372,000 - Heritage Auctions*. Record Price. For this list, we are only including small cents: Flying Eagle Cents, Indian Head Pennies, Lincoln Wheat Pennies, Lincoln Memorial Cents, and Lincoln Shield Cents. Here are some examples of pennies that are worth looking out for: 1. 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. So, thats why I turn to coin roll searching. Some series are more valuable than others. 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. Many citizens hoarded gold, silver, and copper coins as a store of wealth. The high value of this coin is due to its uncirculated condition and its original copper-red color. $20 Saint Gaudens Double Eagle 1933 "King Farouk of Egypt". Take, for instance, the popular 1909-S VDB Lincoln cent. The second coin was a silver version of the same coin, but with a proof finished - which means it has been struck multiple times and hand polished for a mirror-like, blemish-free finish. Condition is judged comparing to images, video and descriptions. For a coin like this to survive so long in pristine condition, it is evident that a collector in San Francisco back in 1914 must-have set it aside before it could become tattered and worn in circulation. Perhaps 15,000 to 20,000 plain 1922 Lincoln Cents were made, but nobody knows the exact number of examples that were made, let alone how many remain to this day. The year 1971 was a good one for penny collectors. Large cents, recognized by the denomination on the reverse, are worth close inspection. The Lincoln cent (technically, only Great Britain officially has a denomination called the "penny") is a favorite among collectors young and old, rich and poor. "A nice circulated example, like Lutes' coin, could sell for around $150,000 to $200,000. But coins hold their value remarkably well. Selling Wheat Pennies and Receiving the Highest Price. It is the most valuable Lincoln penny in the world. The collector also ensured that the coin was correctly stored to preserve its color. Roughly 250,000 of these pennies were minted, he said. Although there is some argument that mint workers actually struck these coins on bronze alloy planchets on purpose, it is more probable that a few bronze planchets left over from the previous year got stuck on a conveyor belt or tote and was incorporated into the regular striking process. These are some of the most valuable coins in circulation, based on Professional Coin Grading Service record auction pricing: 1969-S Lincoln Cent With a Doubled Die Obverse, $54,625 2004-D Wisconsin State Quarter with an Extra Leaf, $6,000 1970-S Large Date Lincoln Cent With a Doubled Die Obverse, $3,675 1972 Lincoln Cent With a Doubled Die Obverse, $1,150 1999 Wide AM Reverse Lincoln Cent, $250. The 1969-S (San Francisco Mint) is no exception, and its not only one of the most expensive small cents, but also the priciest among the Lincoln Memorial series. A close examination of Lincoln's ear shows a definitive double stamp. *This list of most valuable pennies refers to problem-free coins grading Extremely Fine-40 on the Sheldon Grading Scale. From Cents to Gold. Pennies that are older typically hold more value. The coppery color of modern-day pennies is merely a thin plating of copper on a 99.2% zinc, 0.8% copper core. For official written appraisals for insurance and estate planning, expect to pay $75 to $150+ per hour. These coins are also known as Winged Liberty Head dimes. The better the quality of the coin, the more it could be worth. This page is a work in progress, share to social media and check back later for updates. Sold: August 2008; Heritage Auctions, Baltimore, MD, ANA US Coin Signature Auction. Since this coin exhibits evidence of circulation and must have exited the mint via regular distribution channels. The search is both interesting and exciting. To hold an 1877 Indian Head Penny in uncirculated condition is an extreme rarity given the poor economic conditions of that year. 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. The Half Dollar coin had silver in it until 1970. The odds are long, but they're still well worth searching for. Most Mercury dime dates can be obtained with little difficulty, though some are extremely rare in high grade. However, some Lincoln cents have more than a penny's worth of copper in them, but it is illegal to melt them. Additionally, it was extremely well-struck, as evidenced by the minutest details present on the coin. Examine your coin and compare to the following images to find a match. The 1955 Doubled-Die Obverse (DDO) Penny is one of the most famous examples of design doubling on coinage. Sold: January 2004; Heritage Auctions, Orlando, FL, FUN Signature Auction. Confirm your coin as a half cent by denomination on reverse. The four currently operating U.S. Mints are: Auction record: $2,185 Heritage Auctions. Without further ado, my Top 10 Rare Canadian Pennies! As a result, saving even a penny for a coin collection was not an option for most Americans. All Rights Reserved. Though you're less likely to come across these highly prized pennies in your pocket change, the following are the most valuable Lincoln, Indian-Head, and Wheat Penny cents, as well as the most expensive pennies of all time. Are you concerned the precious metals train has left the station without you. Compare and identify your coin to the picture, click on the image, and go immediately to your old coin value. Values range widely for Wheat Pennies, starting at a few cents to more than $200,000. A doubled die coin of any era is usually pretty scarce to begin with, but an Indian Head cent is scarcer still. *Values are for coins in Extremely Fine-40 grade. Penny values are date specific. Check your inbox or spam folder to confirm your subscription. 7 Rare Wheat Pennies Worth Collecting & What Theyre Worth, Lincoln Semi-Key Coins Versus Key Coins And Their Values, Most Valuable Pennies: A List Of The 43 U.S. Pennies Worth Holding Onto, Double Your Money Selling Copper Pennies By The Pound, 5 Money-Saving Tips For Collecting Lincoln Pennies. Because they were minted at the height of the Great Depression, not a lot of Uncirculated 1932 examples were initially saved, making top grade 1932 Washington quarters a rarity. USA Coin Book has compiled a list of the most valuable US pennies ever known. Auction record: $6,000 Heritage Auctions. The doubling on the 1969-S Doubled Die Obverse is especially prominent in the words "LIBERTY" and "IN GOD WE TRUST," he said. These copper coins date back to the beginnings of the mint. 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. Most Valuable US Pennies - Highest Value 1 Cent Coins USA Coin Book has compiled a list of the most valuable US pennies ever known. 1969-S Doubled Die Penny. For example, many of the doubled die entries on the list above (such as the 1971, 1972, 1983, and 1984 doubled die Lincoln cents) are much scarcer in number than the 1877 Indian Head cent or 1914-D Lincoln cent, but are not as widely collected, thus the values of those somewhat more obscure coins are lower. 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. Not all wheat cents are worth keeping, and preserving. In honor of George Washingtons 200th birthday, the U.S. government held a competition to redesign the quarter. To be precise:Copper pennies made up until 1962had a 5% balance of tin and zinc, and from 1962 to 1982 the extra 5% of material was entirely zinc. This is the second-lowest number of 1943 Lincoln pennies on bronze planchets produced at any of the United States Mint locations. If all lines are separate and sharp the coin is showing signs of grading Extremely Fine or better. 1856 through 1858 cents stand out as sought-after collector coins because of the bold flying eagle design. Of all the cents currently in circulation these pennies are worth the most money. As a result, a majority of the 1941-D Lincoln pennies are in circulated condition. First of all, theyre worth more than face value. So which pennies are worth money? They also offer professional coin grading. One example circulated for a while before being picked up by a collector. After 1964, a new alloy was used that eliminated silver, which is still in circulation today. Your email address will not be published. With this many coins in circulation even the most knowledgeable of collectors needs a tool to help them sort through their coins. Others are worth their weight in gold or silver. Most of these coins were discovered in bank wrapped rolls in the Tucson and San Antonio areas. So searching coin rolls is a much faster way to build your hoard of copper pennies than by simply pulling old coins out of spare change alone. Another great American coin that specialists study intensely and avidly collect. What all of this means is that 1980 pennies with no mintmark are worth around 2 to 3 cents. If you think you've found a 1943 Bronze Lincoln, the Mint suggests testing it with a magnet first. It is believed that only a handful of them exist so if you happen to find one, count yourself lucky. Its possible these coins may be hiding in the basement, inside an attic box, or even inside your penny jar. Similar to the other 1944 pennies mentioned here, there were only two San Francisco-minted steel pennies produced in 1944. Top 30 Most Valuable Wheat Pennies Last Updated 7th January 2023. Sold: January 2008; Heritage Auctions, Orlando, FL, FUN Signature Coin Auction. What sets this special penny apart from the crowd is a doubling of the date, with a smaller set of digits appearing on top of the larger set. Among the Lincoln Memorial cents, there were 7 years during which the San Francisco Mint placed its S mintmark under the date on business-strike, non-proof pennies. Coins in this condition are few and far between and are truly treasures to behold. $18,872,250. The 1958 Doubled-Die Obverse penny is one of the rarest pennies ever made. In 1877, the economic slump that began in 1873 continued with full force. $55. And they represent the introduction of the modern small cent size. Even for an example in a lowly grade of Good-4 on the Sheldon Grading Scale, 1856 Flying Eagle pennies are valued at about $7,000! How to determine penny values begins with identifying the denomination and series. Valuable because they are so popular. Whats the easiest way to search for copper pennies? For example: the reverse of a Lincoln cent features fine parallel lines in the "wheat" design. Worth. This penny is the rarest date of all the Indian Head pennies ever minted. He estimates that a coin in new condition could be worth around $500, while a used one could fetch up to $45. We look at 10 super rare pennies worth money. To My Young Brothers & Sisters at Reddit & Elsewhere. Ive contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. In fact, only 852,500 were originally minted, and only a small fraction of 1877 pennies from the original mintage remain today. The 1999 S Lincoln Memorial Cent was minted in San Francisco in two different varieties. And, yes, theyre made from copper, too with one exception: steel pennies. Some pennies, originally worth a single cent, are now worth thousands of dollars. We offer reliable real coin melt conversions and hand written stats on each and every coin in our database. In fact, their numismatic values makes them worth more than most Lincoln Memorial pennies. We'll tell you of course what you need to look for. Regardless of how they got out of the mint, these exceedingly rare die variety Lincoln cents would be prized by any collector. There are a lot of coins worth money some that have sold for hundreds of thousands or even millions of dollars. In addition to the doubling of wording, the date and "S" mint mark are also doubled. If it sticks, it's not copper. This penny exhibits doubling on the date and lettering on the obverse. Separate your old wheat pennies into the main value groups - different decades, mintmarks, rare dates and importantly condition. Real Experiences. Beginning approximately halfway through the mintage of 1864 pennies, an "L" was added to the tail of the ribbon in the war bonnet on Lady Liberty's head. 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. To have all three initials ona coin's design was unheard of. 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. $9,360,000. *All of the coin values listed from 1958 or earlier and 1959 to 2000 came from USA Coin Book, unless otherwise noted. 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. While a circulating coin typically lasts 30 to 40 years, some lucky collectors have found pennies minted in the mid-1900s in their pocket change. Coin Values Discovery finds Penny Values and All old US coin values. Most pennies are worth 1 cent, but to coin collectors, some are worth more than their weight in gold. 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? Of course, pocket change still yields plenty of copper cents. While mintage numbers tell part of the story about a coins rarity, they dont show you a complete picture. Today, the 1943 bronze Lincoln cent is described as "the most famous error coin in American numismatics" and the odds of finding one are astronomically against. Slightly less than a half-million of these pennies were minted before the Treasury Department demanded that the initials be removed. This one's going to be tough to find in circulation, but since it was produced after the 1950s, we had to include it. Dont miss the 1936 Lincoln Wheat Cent Penny in your search for rare pennies, as one of these bad boys could be worth $2,222 in uncirculated mint condition. 1964, a 1909 penny has a total of six varieties close examination of Lincoln 's shows... '' design Washingtons 200th birthday, the wheat penny was first minted in Francisco... Values listed from 1958 or earlier and 1959 to 1982 are made of 95 percent and. One of the modern small cent size present on the Obverse be hiding in the 20th.... Following images to find rare coins worth Money Lincoln in celebration of his centennial birthday U.S.... Also doubled Lincoln pennies are worth the most Money organizing your box of old coins from 1959 to came! Zinc, 0.8 % copper core for insurance and estate planning, expect to pay $ 75 to 200,000... Than face value gold, silver, and go immediately to your old coin.! 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