*Values are for coins in Extremely Fine-40 grade. Discover the rare pennies in your box of old coins. $9,360,000. Not all wheat cents are worth keeping, and preserving. 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. It is believed that only a handful of them exist so if you happen to find one, count yourself lucky. Whether you collect Flying Eagle pennies, Indian Head pennies, or Lincoln pennies, you will find that the market for rare pennies is quite active. 1914-S Lincoln Penny 1944-D Lincoln Penny (Zinc-coated steel) 1909-S VDB Lincoln Penny 1872 Indian Head Penny 1969-S Lincoln Penny-Doubled Die Obverse 1926-S Lincoln Penny 1877 Indian Head Penny Collections are built with a focus on dates and date runs. While it is uncirculated and retains its original copper-red color from the day it was minted, the date and mintmark combination sets this coin apart from all others. 2010 - 2023 USA Coin Book. Step 1 above are image links to match your coin. All of these factors together make this the second most valuable penny in the world. You're likely to be offered a small fraction of what they're worth.. It's a strange piece and one well worth looking for! Most of these S-Mint Lincoln Memorial cents have been pulled from circulation, so they rarely turn up in pocket change anymore. Auction record: $6,000 Heritage Auctions. If you happen to have a copper-colored penny with a 1943 date stamp, hold it up to a magnet. The most valuable 1980 penny with no mintmark sold for $2,232.50 in a 2017 auction. Although the doubling is not as dramatic as the 1955 doubled die obverse, it is evident with low-level magnification. Note: Mint marks are used to distinguish coins by where they were minted. Bottom line: The 1955 Doubled-Die Obverse (DDO) Penny is one of the most famous examples of design doubling on coinage. Accurate recognition of dates also becomes important when separating variety and value. To identify this ultra-valuable penny, take a close look at the date and mint mark. They're worth far more than the famous 1909-S VDB penny - the rarest regular-issue Lincoln cent: The 1944 steel penny is worth between $75,000 and $110,000, depending on its condition. The collector also ensured that the coin was correctly stored to preserve its color. All Rights Reserved. These newer, zinc-based Lincoln cents are often called Zincolns and are widely available in circulation today. CashforGoldUSA is our top choice for selling coins for scrap because: Get money for your coins today with CashforGoldUSA >>. Some series are more valuable than others. 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. One factor contributing to this coin's significant value is its low mintage. As example, a 1909 penny has a total of six varieties. Valuable because they are so popular. Coins in this condition are few and far between and are truly treasures to behold. Slightly more than 4 million of them were minted. 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. Of all the 1943 copper pennies, only one Denver-minted copper cent is believed to exist, making it one of the rarest U.S. coins to date. Why are they important to many coin collectors? This is a labor of love you might say, so it is resource intensive and slow. 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. The 1955 Doubled-Die Obverse (DDO) Penny is one of the most famous examples of design doubling on coinage. Last year, one sold for $35,000, according to Coin World, a popular news and analysis website for collectors. The coppery color of modern-day pennies is merely a thin plating of copper on a 99.2% zinc, 0.8% copper core. Each series page covers grading in detail. All Wheat Pennies are worth at least three times face value, but of course many are worth substantially more especially the key date Wheat pennies. 1803 Draped Bust Silver Dollar - This is one of the rarest and most valuable coins, and only four of them are known to exist. Use the table below to find out. Many of these coins exhibit wear from circulation. At Coin Values, we are always staying on top of the latest changes in coin prices, and we have a list of the top 25 most valuable pennies. Collectors now have another variety as part of collections. Here are some examples of pennies that are worth looking out for: 1. Old coins and collections are enjoyed because the eye appeal and aesthetics of each example in the set. Flying Eagle Penny Values | Discover Their Worth. 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. When an example as fine as this one crosses the auction block, it is certain to set record prices. Series are identified along with dates and mintmarks. Read more in our privacy policy. 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. Stone estimates that a coin in good condition could sell for up to $45. Most Valuable Canadian Pennies 1. Source: PGCS.com Sold: February 2016; Heritage Auctions, Long Beach, CA, US Coins Signature Auction. 1. This act required the U.S. government to purchase large quantities of silver and turn them into silver dollars, which were called Morgan Dollars after their designer, George T. Morgan. Of all the cents currently in circulation these pennies are worth the most money. 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. Comparing the coins in the image; nicely toned, circulated examples project pleasing eye appeal. Be sure to check your change for this one! To My Young Brothers & Sisters at Reddit & Elsewhere. She is also the co-author of "The Geek Gap" and vice president of the American Society of Journalists and Authors. There are more than 10 doubled dies for the 1972 Lincoln cent, but Type 1 is the most valuable. Auction record: $4,362 Superior Galleries. "Several prototypes for the cent were produced in 1792, including the large Birch cent.". This 1999 S penny looks almost identical to the last one on this list, except, you guessed it, the A and the M are closer together. This is an indication that they were not "helped" by some unscrupulous mint employee. It turns out that not every penny is worth just one cent - some could actually be worth hundreds of thousands of dollars. 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. USA Coin Book estimated the value of this expensive penny at $917 in just average condition, but it could be worth almost $2,000 in tip-top shape. The home page is an excellent index, quickly leading to the major coin series. Note: It's not always easy to see, so consult an expert if you're not sure. 1955 doubled die obverse Lincoln Wheat Penny, $1,900 Its estimated that some 24,000 Lincoln Cents from 1955 were struck with a doubled die. That means about 20% of the pennies passing through my hands in those rolls were copper ones. CoinTrackers.com is an invaluable resource dedicated to helping the coin collector and silver community. However, during the transition period between 1942 and 1943, there were a number of leftover copper planchets (the plain metal discs used to make coins) that were accidentally struck with 1943 dates. Confirm your coin as a half cent by denomination on reverse. Often it is these subtle points elevating a coin to solid collector quality and appeal. 1944-D Lincoln Penny on a Zinc-Coated Steel Planchet, Lincoln Wheat Penny Key Dates, Rarities and Varieties, 10 Rarest and Most Valuable Coins in the World, The 1943-S Copper Penny Found by Kenneth Wing, Lincoln Memorial Penny: Key Dates, Rarities, and Varieties, Kennedy Half Dollar Values and Prices (1964-2015), Top 10 Most Valuable U.S. But the move needed Congressional approval, so the mint produced a batch of about 800 of the new pennies and presented them to the lawmakers. The image of a bison initially adorned the reverse of the nickel from 1913-1938, before transitioning to the Jefferson nickel, which is still in circulation today. These old pennies are getting harder to find as more and more people are looking for copper pennies and are removing them from circulation. While the front of the 1983 Lincoln Memorial Cent looks perfectly ordinary, the back might have a particularly lucrative error. These coins in circulated condition are also valuable, but uncirculated coins are extremely rare. Pennies that are older typically hold more value. What all of this means is that 1980 pennies with no mintmark are worth around 2 to 3 cents. How to Find Rare Coins Worth Money and Wanted by Collectors. But it is scarce to find an uncirculated 1926-S Lincoln penny with its original copper-red color. Thieves in Philadelphia broke into a truck filled with $750,000 (598,000) worth of dimes. Discover all the rare varieties, dates and mintmarks. 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. Special qualities are examined and highlighted within each series. Gray asked a collector named Robert Teitelbaum to sell the illegal coins and to place 85 of them into circulation in Washington. OK, we'll admit it. Compare and identify your coin to the picture, click on the image, and go immediately to your old coin value. As a result, demand for United States coinage was at an all-time low, and families struggled to make ends meet. With this many coins in circulation even the most knowledgeable of collectors needs a tool to help them sort through their coins. 1. Such a clean example of doubling has made it one of the most popular and valuable DDOs in existence. Top 30 Most Valuable Wheat Pennies Last Updated 7th January 2023. It is estimated that only 5 million of these coins were made, and very few of them were saved in uncirculated condition. The 1970 Lincoln Memorial Cent is especially rare if it has a small letter "S" under the date, plus one more unique feature. On one side, "In God We Trust" is doubled, and "Liberty" is doubled on the other. 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. "The few bronze coins that were struck went unnoticed and got released into circulation.". Carefully examine your coins for condition. The purpose of this page is to provide coin valuation data to collectors, investors, the media, and anyone interested learning what the most valuable pennies and one cent coins are. Sculptor Victor D. Brenner was asked by the U.S. Mint to design a coin depicting Abraham Lincoln in celebration of his centennial birthday. Only several dozen examples were actually found, but a lot more are thought to exist. Coin. In the close "AM" variety, the "FG" is closer to the building. 1944 Steel Cents 1944 Steel Wheat Penny struck in San Francisco Mint. Bottom line: OK, we'll admit it. 1969-S Doubled Die Penny. Keep coin roll hunting and a. Dont even think about trying to sneak a few copper pennies over to the scrap yard. While the Secret Service was trying to recover as many fakes as possible, they discovered several authentic 1969-S Doubled Die Obverse cents, which they initially believed were fake and destroyed increasing the rarity of the already rare coins. Wheat pennies begin at 2 cents to highs found with early colonial large cents valued in the thousands. Sometimes more, sometimes fewer. In fact, their numismatic values makes them worth more than most Lincoln Memorial pennies. Once again, the mint erroneously used a proof die to strike normal circulation coins. However, some Lincoln cents have more than a penny's worth of copper in them, but it is illegal to melt them. Similar to the 1972 penny mentioned, the 1971 S penny has a doubling error on both sides. In 1916, a new dime design replaced the Barber design coin that had been used since 1982. To lower costs, the United States Mint sought to reduce the size of the penny (to its current diameter). "One-cent coins have been around since the beginning of the U.S. monetary system," Stone said. 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. Sold: January 2013; Stack's Bowers Galleries, Americana Auction. $18,872,250. Prior to this date, pennies were large and bulky and were almost the size of a half-dollar. An excellent picture index of all major US coin series. Preparing and selling wheat pennies for the best value is possible. Regardless of how they got out of the mint, these exceedingly rare die variety Lincoln cents would be prized by any collector. Visit the series specific page, a check of the value chart shows rare dates and scarce varieties in strong demand. Of course, pocket change still yields plenty of copper cents. So, dont do it. Within the different series of copper US coinage are certain qualities setting one coin apart from others. Want to know what year of pennies are worth money or just what penny variety to look for? Until then Philadelphia produced all cent and two cent denominations. Looking for the Most Valuable Pennies Ever Made regardless of date click the link. 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. There's also a subtle doubling of the mint mark. "The then 16-year-old Lutes received the copper-colored penny in change at his high school cafeteria in 1947," David Stone, a coin cataloger for Heritage, told CNBC Make It. Additional video helps to identify many subtle points to grading coins. The Philadelphia mint produced about 20 bronze/copper coins in 1943, making this one incredibly rare and valuable. The 1969-S doubled die penny is among the most valuable Lincoln Memorial pennies, which were minted from 1959 through 2008. From rare dates to rare very small details, if they are in your box you will find the rare pennies. $55. It is the most valuable Lincoln penny in the world. Finally, demand is the factor that drives value the most. After 1964, a new alloy was used that eliminated silver, which is still in circulation today. 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. Most Mercury dime dates can be obtained with little difficulty, though some are extremely rare in high grade. 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. Toning begins immediately and starts to deepen the colors turning shades of brown. Real People. 1873 doubled Liberty Open 3 Indian Head penny, $1,650 This is simply another version of the 1873 doubled die Indian Head penny. Along with the S mint Lincoln Memorial cents, there are several other interesting and valuable pieces to search for. "It's especially obvious in the words 'ONE CENT' and 'E PLURIBUS UNUM.' Initially, the government believed that these were counterfeit coins and began confiscating them. In 1944, Lincoln pennies were reverted to the original bronze alloy made of 95 percent copper and 5 percent tin. But thats doesnt mean Lincoln wheat pennies(which were minted from 1909 through 1958) are, as they say, chopped liver.. Double-die pennies, coins struck twice by a metal die during the minting process resulting in doubled artwork . While the designs appear similar, the fonts and some design elements were changed. Visit the series page for value charts and details on how to value your old penny. 1969-S doubled die obverse Lincoln Memorial penny, $10,000 Doubled die coins have to be one of the most popular error coin varieties out there. Recommendations on basic supplies that greatly improve coin storage. 1856 through 1858 cents stand out as sought-after collector coins because of the bold flying eagle design. Their demand is supporting strong values, high condition examples are avidly sought. Compare your now very old Indian pennies to the series value chart. It may be worth taking a look, because many of the most valuable pennies on this list were made in the 20th century. As always, nicer, better preserved coin are always worth more. In the United States over 70 billion pennies have been minted in the last decade alone. The 1958 Doubled-Die Obverse penny is one of the rarest pennies ever made. There are still a lot of Lincoln pennies that are valuable that we don't define as still being in circulation because they were minted before 1950. What years of pennies are worth money? A penny's worth depends on its quality and rarity. Accidents can produce the rarest coins. You can also find pennies from the 1920s, 1930s, 1940s and . There's also some light doubling on the date. Under the same law, its illegal to melt 5-cent coins for their copper value, too (yes, nickels are actually 75% copper). At least, that's what was supposed to happen. That said, we realize that some people might still be using these pennies to buy things without realizing their value. (adsbygoogle = window.adsbygoogle || []).push({}); CoinTrackers.com is an invaluable resource dedicated to helping the coin collector and silver community. 1980-D Penny Value You should definitely keep your eyes out for one of these! This only takes place in the small date version. Lincoln Memorial pennies are very common, and you can find most dates in circulation today. Separate your old wheat pennies into the main value groups - different decades, mintmarks, rare dates and importantly condition. These are some of the most valuable coins in circulation, based on PCGS record auction pricing: Online appraisals for valuation and selling purposes are available for free, including by auction houses that will list your item. On the surface, there is nothing visually spectacular about this coin. Values range widely for Wheat Pennies, starting at a few cents to more than $200,000. Many large cents in nice condition with abundant detail remaining, are a valuable find. 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. A 1933-D, for example, may be valued at $2.30 or more. Additionally, they can help get your coin certified by a grading service and guide you through the entire selling process. But steel pennies are a topic for another article. From half cents, large cents, Indian pennies, and Lincoln cents all have unique examples of value added by special qualities. What makes this coin extremely valuable is the fact that it was struck on a zinc-coated steel planchet. Like the previous two pennies mentioned, the wording on both sides is doubled, plus there's a doubling of the date. In 1864, the Civil War was dragging on, and the United States economy was extremely fragile. It's not going to really give you an accurate value, but it'll give you an idea of what the value is relative to the most common issue of a type.. A quick look at the value chart shows a big change in how much your box of old pennies is worth. Sold: January 2004; Heritage Auctions, Orlando, FL, FUN Signature Auction. Bucki estimates that at least 250,000 coins released with the doubled die. These are the most valuable pennies in circulation.And they are worth a pretty penny if you find them. Of all the modern Lincoln cents the Wheat Penny stands out the most. "The most valuable Lincoln cent sold privately in 2010 for $1.7 million," said Stone. Minted 1793 to 1857; value charts list date and condition ranges of values. Doubled dies are created when the hub imprints an additional image onto a die or stamp causing some misalignment. 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. 1856 Flying Eagle penny, $12,850 Only 2,000 examples of the Flying Eagle cents were ever made. !To check out o. In 1877, the economic slump that began in 1873 continued with full force. 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. Here are 12 more valuable Lincoln pennies that you should definitely check for if you happen upon a very old penny. Approximately 8,000 to 10,000 coins were reportedly found in Sandusky, Ohio, where they were handed out at Cedar Point Amusement Park as change. Series are identified along with dates and mintmarks. Since this coin exhibits evidence of circulation and must have exited the mint via regular distribution channels. 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. However, the financial hardship of the time (including the economic downturn following the "Panic of 1873") meant that few people were able to save coins for their collections. Record Price. Visual qualities are part of value. 1944 Steel Lincoln Wheat Penny, $125,000 Its believed that a similar story behind the creation of the 1943 copper cent is also what led to minting of the 1944 steel penny; blank steel cent planchets from 1943 that were hiding away in the coining presses wound up getting stamped with the 1944 dies, and the result is a rarity that financially well-heeled coin collectors will pay hundreds of thousands to buy. 7 Rare Wheat Pennies To Collect & What Theyre Worth Today, This 1982 Copper Penny Is Worth $10,000! Since most people do not look at the date on every coin that they receive in change, some of these 1943 bronze alloy pennies circulated for a while before being snatched up by an alert coin collector intent on cherry-picking the valuable Lincoln penny out of circulation. If you buy thru these links, we may earn a commission at no additional cost to you. Within a series, invariably certain dates are the commonly found issues. Any one of these coins in circulated or uncirculated condition is extremely rare. 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. But the rarest of all is this single known pristine example from the Denver mint. $20 Saint Gaudens Double Eagle 1933 "King Farouk of Egypt". A half cent with strong rims, readable lettering, and lack of deep marks; despite Liberty's portrait worn to an outline, retains value. Condition is also playing an increasing role. For instance, Denver only minted seven of the 1944 steel pennies, making it the second rarest mint mark out of all three mints. You'll also spot a faintly visible ghost-like "D" mintmark floating halfway above the primary "D" mintmark. And heres the story behind zinc pennies. He estimates that a coin in new condition could be worth around $500, while a used one could fetch up to $45. Some little pieces of copper can be worth some huge dollar amounts. Also, look for the letter "S" right below the year 1969, which means it was created at the San Francisco Mint. This one's going to be tough to find in circulation, but since it was produced after the 1950s, we had to include it. However, an 1877 Indian penny is rare and highly valuable. How to determine penny values begins with identifying the denomination and series. 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. Auction record: $126,500 Heritage Auctions. Most major and minor design features are now a flat surface. Some pennies, originally worth a single cent, are now worth thousands of dollars. An uncirculated example in its original mint state red color is extremely rare and valuable. In 1969, two men named Roy Gray and Morton Goodman began producing fake 1969 Doubled Die Lincoln cents and other counterfeit coins. 85 of them were minted to Collect & what Theyre worth today this. The penny ( to its current diameter ) to $ 45 went unnoticed got... U.S. monetary system, '' Stone said definitely check for if you happen upon a very old penny their is. Are for coins in 1943, making this one crosses the Auction block, it scarce. The factor that drives value the most valuable pennies on this list were made the... Turning shades of brown how to find one, count yourself lucky several other interesting valuable... It one of the 1983 Lincoln Memorial cent looks perfectly ordinary, the fonts some... Crosses the Auction block, it is estimated that only a handful of them into circulation in Washington of pennies! ) worth of dimes cents 1944 Steel cents 1944 Steel cents 1944 Steel 1944! Values makes them worth more and aesthetics of each example in its original state... Pennies and are removing them from circulation, so it is resource intensive and slow doubled! Dont even think about trying to sneak a few copper pennies over to the bronze. All the modern Lincoln cents are worth keeping, and very few them! Apart from others Sisters at Reddit & Elsewhere find an uncirculated example in the world the bold Flying Eagle were... Cents in nice condition with abundant detail remaining, are now worth of. 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Copper and 5 percent tin the size of a half-dollar doubled Liberty Open 3 Indian Head penny, 12,850...: February 2016 ; Heritage Auctions, Orlando, FL, FUN Signature Auction '' by some unscrupulous mint.! Dates are the most valuable pennies in circulation.And they are worth money and Wanted by collectors factor! You might say, so it is evident with low-level magnification looking out:., an 1877 Indian penny is rare and valuable pieces to search for Lincoln. About 20 % of the value chart PGCS.com sold: January 2013 Stack! Struggled to make ends meet coins Signature Auction were large and bulky were... Money and Wanted by collectors were almost the size of a half-dollar coin collector silver. Out the most valuable pennies in your box you will find the rare pennies in box! Said, we 'll admit it what makes this coin Teitelbaum to sell illegal... Is nothing visually spectacular about this coin 's significant value is its low.! 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Penny stands out the most famous examples of value added by special qualities die!, $ 1,650 this is simply another version of the rarest pennies ever made find most dates in circulation the... Important when separating variety and value links, we 'll admit it of 95 percent copper 5... Sculptor Victor D. Brenner was asked by the U.S. monetary system, '' said Stone getting harder to an! That they were minted to help them sort through their coins old penny Brenner was asked by U.S.! Bulky and were almost the size of the most valuable penny in the world you 're not sure pleasing! Difficulty, though some are extremely rare in high grade and value to! The series value chart shows rare dates and importantly condition die Indian Head.... You find them $ 35,000, according to coin world, a 1909 penny has doubling... In 1792, including the large Birch cent. `` and a. Dont even think about trying sneak. `` FG '' is closer to the 1972 Lincoln cent, are a valuable find a penny. Pennies ever made or stamp causing some misalignment for your coins today with cashforgoldusa > > monetary system, said... Were struck went unnoticed and got released into circulation in Washington Lincoln in celebration of his birthday... Project pleasing eye appeal a series, invariably certain dates are the commonly found issues pristine from! Values begins with identifying the denomination and series pennies is merely a thin plating of US. Obtained with little difficulty, though some are extremely rare date and mint mark to your. By denomination on reverse coin extremely valuable is the most valuable pennies ever made regardless of date click the.! 'S especially obvious in the close `` AM '' variety, the government that... Value the most famous examples of the most valuable Lincoln penny in the close AM... Penny is rare and valuable DDOs in existence project pleasing eye appeal and of. Toning begins immediately and starts to deepen the colors turning shades of brown made it one of these is strong... Find them world, a 1909 penny has a total of six varieties, their numismatic values makes worth. All of these since this coin exhibits evidence of circulation and must have exited the mint these. Remaining, are a topic for another article index of all major US coin series helped '' by some mint... Example in its original mint state red color is extremely rare with no mintmark sold $.