Condition is another; coins that stayed out of circulation may retain their original coloring and fine details, significantly adding to their value. Another element that identifies this rare penny is the spacing between the "FG" initials and the Lincoln Memorial Building. Damaged coins or those grading lower based on wear will be worth less than the coin values listed above. To be precise: Copper pennies made up until 1962 had a 5% balance . 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. The most elusive of these coins was owned by George Walton, the youngest signer of the Declaration of Independence. 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. An uncirculated example in its original mint state red color is extremely rare and valuable. Most uncirculated 1980 pennies are worth 10 to 30 cents apiece. What makes this particular coin extremely valuable is its pristine condition despite being over 100 years old. The 1958 Doubled-Die Obverse penny is one of the rarest pennies ever made. The low mintage alone makes this coin extremely rare, but the brilliant colors that resulted from a coin being stored for 100 years makes this coin extremely attractive to collectors. 1969-S Doubled Die Penny. The 1922 Lincoln Wheat Cents were minted at the Denver Mint using a "D" lettered coin die. And some coins are made more valuable simply by being unintentional, as with the 1943 Lincoln pennies that were mistakenly made with bronze rather than steel. At least, that's what was supposed to happen. So, dont do it. Slightly less than a half-million of these pennies were minted before the Treasury Department demanded that the initials be removed. Valuable because they are so popular. Without further ado, my Top 10 Rare Canadian Pennies! In 2005, a collector discovered that some of these Sacagawea Cheerios Dollars had detailed veins in the eagles' tail feathers. 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. Most of these S-Mint Lincoln Memorial cents have been pulled from circulation, so they rarely turn up in pocket change anymore. 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. *This list of most valuable pennies refers to problem-free coins grading Extremely Fine-40 on the Sheldon Grading Scale. In 1864, the Civil War was dragging on, and the United States economy was extremely fragile. Jaime Hernandez wrote on PCGS that one of the things making this coin so rare is the low amount of coins that were collected this year versus in 1909. Along with the S mint Lincoln Memorial cents, there are several other interesting and valuable pieces to search for. There are six known examples of this error being produced at the San Francisco mint in 1943. Some of these one cent coins are worth hundreds! Because of their uniqueness, theyre remarkably valuable. This is the second-lowest number of 1943 Lincoln pennies on bronze planchets produced at any of the United States Mint locations. Small Pieces of Copper Worth Huge Amounts of Money. As a result, demand for United States coinage was at an all-time low, and families struggled to make ends meet. Accurate recognition of dates also becomes important when separating variety and value. Heres the short answer the one you probably dont want to hear: NO! As of this writing, anyway. 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. Auction record: $40,250 Heritage Auctions. While mintage numbers tell part of the story about a coins rarity, they dont show you a complete picture. To identify this ultra-valuable penny, take a close look at the date and mint mark. Date further identifies your coin and combined with availability, establish value. The 1944 steel to copper/bronze transition of pennies involved the inclusion of leftover zinc-coated steel. Collectibles come and go. Real Experiences. "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. This made is difficult for the federal government to obtain the metal needed for minting coins. Victor David Brenner created the design under the auspices of President Theodore Roosevelt. The 1909 Indian cent series also has many high-value coins. What follows are the 11 through 25th most valuable pennies: 1917 doubled die Lincoln Wheat Penny, $1,350 1909-S VDB Lincoln Wheat Penny, $1,025 1869/9 Indian Head penny, $865 1858/7 Flying Eagle penny, $760 1914-D Lincoln Wheat Penny, $760 1909-S Indian Head penny, $750 1872 Indian Head penny, $625 1869 Indian Head penny, $450 And they represent the introduction of the modern small cent size. 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. A 1944 Lincoln penny struck at the Denver, Colorado mint facility is nothing special. The doubling occurs from mistakes in the minting process, James Bucki, a coin expert at The Spruce Crafts, explained to CNBC Make It. A handful of these 1990s pennies didnt get the signature "S" mint mark. First of all, theyre worth more than face value. Why so few? But it is scarce to find an uncirculated 1926-S Lincoln penny with its original copper-red color. But coins hold their value remarkably well. Tops of elements such as strands within hair, cheek, and open fields are closely judged. 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.. Each series page covers grading in detail. The chosen design proposed by New York sculptor John Flanagan was minted on a silver alloy from 1932 to 1964, with the exception of 1933. The close "AM" version is the more valuable penny of the two. The San Francisco branch mint began coining Indian pennies. 2 cent coin value is steadily increasing over the long term. This only takes place in the small date version. 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. To this day, they are the only two known to exist. When coins are being pressed, lubricant is used on the machine to reduce friction between parts. Also, look for the letter "S" right below the year 1969, which means it was created at the San Francisco Mint. 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. 1944 Steel Cents 1944 Steel Wheat Penny struck in San Francisco Mint. Half cents are a series with many examples in very worn condition. Primarily its overall appearance sets the initial eye appeal impression. As example, a 1909 penny has a total of six varieties. And heres the story behind zinc pennies. Grading is judging the surfaces and identifying the amount of wear or lack of wear. Close-up images and descriptions of grades are used to judge condition. Dealers and collectors identify the different stages of wear separating coins from the most worn to the least and each is assigned a "Grade". Whats the easiest way to search for copper pennies? Since this coin exhibits evidence of circulation and must have exited the mint via regular distribution channels. While Lincoln is still on the penny today, the wheat is long gone. #2 Other Copper Pennies That Are Valuable. 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. Sold: January 2013; Stack's Bowers Galleries, Americana Auction. 2004-D Wisconsin Extra Leaf Quarters have extra husks on the left side of the corn stamped onto the coin. Using a step by step method discovers how much your old pennies are worth. Whats the big deal about the copper pennies? 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. Silver Half Dollars. Keep reading to learn which pennies, nickels, dimes, quarters, and other coins are worth a lot of money if youre lucky enough to have them in your possession. Note: Images within blue borders are Links to the Penny Values series. Additional video helps to identify many subtle points to grading coins. As fate would have it, "some of the old bronze planchets got stuck in the big tote bins that the Mint used to feed the coin presses at the end of 1942," he said. The full backside of the coin is doubled. But the rarest of all is this single known pristine example from the Denver mint. When an example as fine as this one crosses the auction block, it is certain to set record prices. Any one of these coins in circulated or uncirculated condition is extremely rare. In 1969, two men named Roy Gray and Morton Goodman began producing fake 1969 Doubled Die Lincoln cents and other counterfeit coins. Regardless of how they got out of the mint, these exceedingly rare die variety Lincoln cents would be prized by any collector. 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. These are auction records for the rarest Mercury Dime series: 1921-D: $23,500 Legend Rare Coin Auctions. *Values are for coins in Extremely Fine-40 grade. In addition to the doubling of wording, the date and "S" mint mark are also doubled. Penny values span a wide range. Coin Values Moving with Precious Metals: Up-Dated 4/17/2023: Gold $2009 | Silver $25.38. 1873 doubled Liberty closed 3 Indian Head penny, $2,400 Another doubled die cent, this piece features doubling in the word LIBERTY. In both the words "Liberty" and "In God We," the letters are doubled. Sold: February 2016; Heritage Auctions, Long Beach, CA, US Coins Signature Auction. Five coins were confiscated and destroyed before they were acknowledged as being genuine. Its reverse contains two ears of wheat, and the words One Cent, United States of America, and E Pluribus Unum. A penny's worth depends on its quality and rarity. Not because of its date of minting, but because of its die variety. Their demand is supporting strong values, high condition examples are avidly sought. Carefully examine your coins for condition. Below we unveil the most valuable circulated pennies worth up to $11,128, based on recently completed eBay listings. You'll also spot a faintly visible ghost-like "D" mintmark floating halfway above the primary "D" mintmark. But steel pennies are a topic for another article. A penny or cent is one-hundredth of a dollar, which means a hundred cents or pennies make a dollar. to the coin's reverse, at the bottom between the two stalks of wheat. Both the 1943 copper Lincoln cent and 1944 steel Lincoln penny are worth an incredible amount of money because they're so rare. It looks like you're seeing double," said Bucki. Coins are in order from Most to Least expensive. If you buy thru these links, we may earn a commission at no additional cost to you. This penny exhibits doubling on the date and lettering on the obverse. Here's a quick recap of the most valuable coins in the United States: U.S. In 1916, a new dime design replaced the Barber design coin that had been used since 1982. The Red Book, A Guide Book of United States Coins 2022 75th Edition, Pittsburgh Magazine's '40 Under 40 Honorees', Doubling to the Southwest on all four digits on the date, IN GOD WE TRUST on the other side doubled toward the East, D: Dahlonega Mint (coins from 1861 and earlier Denver didnt open until 1906), 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, 10% bonus if you send in your item within 7 days. The Philadelphia mint produced about 20 bronze/copper coins in 1943, making this one incredibly rare and valuable. Another great American coin that specialists study intensely and avidly collect. The wheat penny was first minted in 1909, and it was the first coin in wide circulation to feature a U.S. president. However, what is known for sure is that the 1922 no-D penny is quite scarce and in high demand among coin collectors. Of course, they're worth more if they're in better condition, and all circulating coins tend to have a lot of wear and tear. Many people spend the Half Dollars from 1965 to 1970 or sell them in rolls of halves they take to the bank, not realizing they are 40 percent silver. Its possible these coins may be hiding in the basement, inside an attic box, or even inside your penny jar. The 1969-S doubled die penny value is about the highest of any Lincoln Memorial cent known to collectors at this time: 1969-S doubled die pennies are worth about $25,000 and up! This one's going to be tough to find in circulation, but since it was produced after the 1950s, we had to include it. We offer reliable real coin melt conversions and hand written stats on each and every coin in our database. In order to preserve copper for the war effort, the U.S. Mint switched to making pennies from zinc-coated steel planchets, instead of the usual bronze coin blanks, Stone explained. Their prices are climbing to reflect the demand. Large cents, recognized by the denomination on the reverse, are worth close inspection. 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. They also offer professional coin grading. These coins arent particularly valuable and are listed from about $2 to $50 on ebay. 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. With this many coins in circulation even the most knowledgeable of collectors needs a tool to help them sort through their coins. If you think you've found a 1943 Bronze Lincoln, the Mint suggests testing it with a magnet first. There are about 45,000 of these coins in existence. Not all wheat cents are worth keeping, and preserving. She is also the co-author of "The Geek Gap" and vice president of the American Society of Journalists and Authors. Once again, the mint erroneously used a proof die to strike normal circulation coins. Of course, receiving 5 copper pennies weekly isnt a very efficient way of building a nice hoard of copper pennies. 10 Most Valuable Walking Liberty Half Dollars. Want to know what year of pennies are worth money or just what penny variety to look for? In this case, some of that grease made its way onto the surface of the coin die, filling the spot where the first T indentation was supposed to happen. 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. Many of these coins exhibit wear from circulation. Compare and identify your coin to the picture, click on the image, and go immediately to your old coin value. From rare dates to rare very small details, if they are in your box you will find the rare pennies. Sold: January 2006; Heritage Auctions, Orlando, FL, FUN Signature Auction. These large numbers of collectors, building collections are putting a heavy demand on the rare dates and better condition coins. Its just not worth it. The U.S. Mint knew this before the coins were released to the public, but officials didnt want to destroy an entire batch of perfectly normal Lincoln Pennies to catch the ones with the doubled image, so off these beauties went, and soon they were discovered in New England vending machines. A penny's worth depends on its quality and rarity. However, experts with PCGS believe there are potentially up to 150,000 of these coins in existence. Note that the price youre likely to get for even the rarest coins will typically be affected by the condition of the coin. Use the table below to find out. This double die is easy to see with the naked eye, with: Auction record: $14,400 Heritage Auctions. Sold: October 2011; Heritage Auctions, Pittsburgh, PA, Signature Auction. What all of this means is that 1980 pennies with no mintmark are worth around 2 to 3 cents. However, some Lincoln cents have more than a penny's worth of copper in them, but it is illegal to melt them. 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. Of all the modern Lincoln cents the Wheat Penny stands out the most. A coin in good condition could go for about $75,000. As a rule, 1873 open 3 Indian cents are more common than the closed 3 variety. A case for needed reform . Auction record: $6,000 Heritage Auctions. A short series, serving a specific demand at the time, minted 1864 to 1873. Coin. Many large cents in nice condition with abundant detail remaining, are a valuable find. Having one in its original copper-red color makes it much more extraordinary. In 1909, The United States Mint replaced the Indian Head penny with the Lincoln cent. "I know a couple of people who have found these in their pocket change.". Of all the cents currently in circulation these pennies are worth the most money. It may be worth taking a look, because many of the most valuable pennies on this list were made in the 20th century. Four are within the Lincoln cent series, different mints and sub-varieties. Did you know that the top 30 most valuable Wheat pennies to coin collectors all add up to just over $9,000,000 in value and each one is worth at least $100,000 even though they all have a face value of just $0.01? One variety had a widely spaced "AM" in the word "America.". 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. We offer reliable real coin melt conversions and hand written stats on each and every coin in our database. 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. As a result, a majority of the 1941-D Lincoln pennies are in circulated condition. What makes this coin extremely valuable is the fact that it was struck on a zinc-coated steel planchet. Dark colors tend to hide detail and lower eye appeal to old copper coins. 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. For example: the reverse of a Lincoln cent features fine parallel lines in the "wheat" design. 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. 1856 through 1858 cents stand out as sought-after collector coins because of the bold flying eagle design. Coins that are in higher grades, come under suspicion that they may have been helped by a mint employee. Slightly more than 4 million of them were minted. San Francisco is known to have only produced five of the 1943 bronze/copper pennies, making them especially rare, but some experts have been willing to note that there may be more in existence. (adsbygoogle = window.adsbygoogle || []).push({}); CoinTrackers.com is an invaluable resource dedicated to helping the coin collector and silver community. While there are very few guarantees in the rare coin industry, you can always count on nice, problem-free coins yielding better returns on your investment than coins that have been cleaned or have nicks, dents, scratches, and holes. Stay up to date with everything about U.S Coins, We dont spam! 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? Penny values span a wide range. Heritage auctioned a similar one in slightly lower grade for $186,000 earlier this month," he said. Visit the series specific page, a check of the value chart shows rare dates and scarce varieties in strong demand. 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. Coin. The 1999 S Lincoln Memorial Cent was minted in San Francisco in two different varieties. If you ever come across one of these rare pennies, don't use it on a parking meter. This is a labor of love you might say, so it is resource intensive and slow. Hereare someold copper pennies worth saving, #1 S Mint Lincoln Memorial Copper Pennies. Some error coins in this collection (not just the Connecticut quarter) were either broadstruck meaning they were struck outside of the retaining collar of the coin or double or triple stamped. Pennies that are older typically hold more value. 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. If no evidence of wear is seen a coin grades in the mint state category. 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. To have all three initials ona coin's design was unheard of. USA Coin Book has compiled a list of the most valuable US pennies ever known. The number "7" appears higher than usual, nearly level with the "0.". Although it may sound like a lot, the average mintage numbers are usually in the millions! The most exciting thing is you can find some of these rare, valuable pennies easily because they're still in circulation. Additionally, it has been sufficiently well preserved to retain its original bright red-copper color. Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. 1980-D Penny Value You should definitely keep your eyes out for one of these! This one, however, can earn you more than $1,000. Are you concerned the precious metals train has left the station without you. If you want to sell your collectible coins for the most money, Winter recommends finding a large national dealer or a reputable local dealer who is a member of the Professional Numismatic Guild. What year steel pennies are worth money? Want to know what the most valuable pennies are? Most pennies are worth 1 cent, but to coin collectors, some are worth more than their weight in gold. So far, this article has been mainly centered around looking for copper Lincoln Memorial cents which were minted from 1959 through 1982. There are believed to only be about 20 of these rare coins in the world. A deeply toned cent lacks a clear view of the coin, obscured by the deepness of color. Here are some examples of pennies that are worth looking out for: 1. Due to its value, some counterfeits were created with steel cores. Last year, one sold for $35,000, according to Coin World, a popular news and analysis website for collectors. Look our for these pennies worth good money. 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. 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. The United States government banned melting copper pennies in 2006. Fine Grade: Moderate wear on most of the coin and heavy wear on high points describes overall the Fine grade. $18,872,250. James Bucki. Most Valuable Quarters: A List Of Silver Quarters & Other Rare Quarters You Should Hold Onto! Sold: January 2004; Heritage Auctions, Orlando, FL, FUN Signature Auction. 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. Some series are more valuable than others. A close examination of Lincoln's ear shows a definitive double stamp. 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. Value: $50,000 to $70,000+ There are few Lincoln Memorial pennies more rare or valuable than the 1969-S doubled die. Note: It's not always easy to see, so consult an expert if you're not sure. 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. Some auction houses offer free evaluations. This list and the prices are current as of 2023. This created an overnight sensation among coin collectors, and this penny has become known as the "Holy Grail" for collectors of Lincoln pennies. Sold: August 2014; Heritage Auctions, Chicago, IL, ANA US Coins Signature Auction. Search and sort using the search box and form below. Coin Values Discovery finds Penny Values and All old US coin values. And, yes, theyre made from copper, too with one exception: steel pennies. Sculptor Victor D. Brenner was asked by the U.S. Mint to design a coin depicting Abraham Lincoln in celebration of his centennial birthday. 1909-S Indian Cent: $300 to $1,000+ Image: USA CoinBook. Another double-died error can be found on the 1984 Lincoln Memorial Cent. An 1872 Indian Head penny is a scarce coin but can readily be found at any coin show or coin dealer in circulated grades. As a collector, you eventually reach the point where you need to purchase your coins from a coin dealer or at auction to achieve the quality you want. It simply is a regular-issue piece that was struck in relatively low numbers. Isn't it funny how having an extra ear can make a penny valuable? From half cents, large cents, Indian pennies, and Lincoln cents all have unique examples of value added by special qualities. 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. Read more in our privacy policy. Whether you collect Flying Eagle pennies, Indian Head pennies, or Lincoln pennies, you will find that the market for rare pennies is quite active. Two known to exist, however, experts with PCGS believe there are about of..., because many of the United States of America, and the words one cent, this has! Strong demand and are listed from about $ 2 to $ 11,128, based on recently completed eBay.... Records for the federal government to obtain the metal needed for minting coins 1962 had a 5 % balance get. 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