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. Step 1 above are image links to match your coin. Below we unveil the most valuable circulated pennies worth up to $11,128, based on recently completed eBay listings. A short series, serving a specific demand at the time, minted 1864 to 1873. Many citizens hoarded gold, silver, and copper coins as a store of wealth. "A nice circulated example, like Lutes' coin, could sell for around $150,000 to $200,000. Whats the big deal about the copper pennies? In my 3 to 5 weekly cash transactions involving 2 to 4 pennies, I probably find between 2 and 5 copper pennies each week. From half cents, large cents, Indian pennies, and Lincoln cents all have unique examples of value added by special qualities. 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. In 1969, two men named Roy Gray and Morton Goodman began producing fake 1969 Doubled Die Lincoln cents and other counterfeit coins. Sold: January 2004; Heritage Auctions, Orlando, FL, FUN Signature Auction. 1877 Indian Head penny, $2,650 Unlike the first five pennies listed in this article, the 1877 Indian Head cent isnt any type of error or pattern coin. Due to its value, some counterfeits were created with steel cores. Some auction houses offer free evaluations. One variety had a widely spaced "AM" in the word "America.". Only nine other Lincoln wheat pennies have a lower mintage. 1909 S VDB Lincoln Wheat Penny - $1,725 . Compare your now very old Indian pennies to the series value chart. Most Valuable Canadian Pennies 1. Real Helpful. Coin Chart: Tap a '+' sign to expand further coin details. An excellent picture index of all major US coin series. Most Mercury dime dates can be obtained with little difficulty, though some are extremely rare in high grade. Mint State Grade: A coin with no wear to the surface is considered Mint State grade. 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. Condition is judged comparing to images, video and descriptions. Before you leave remember to share this page with your friends on your favorite social media platform to help us grow. Im also the editor at the Florida United Numismatists Club (FUN Topics magazine), and author of Images of America: The United States Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). Carefully examine your coins for condition. It is the most valuable Lincoln penny in the world. Almost every collector of United States coins began collecting the Lincoln penny. Of course, pocket change still yields plenty of copper cents. Real People. What years of pennies are worth money? 2010 - 2023 USA Coin Book. 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. While the designs appear similar, the fonts and some design elements were changed. Additionally, it has been sufficiently well preserved to retain its original bright red-copper color. It simply is a regular-issue piece that was struck in relatively low numbers. Sold: March 2014; Heritage Auctions, Atlanta, GA, ANA National Money Show US Coins Signature Auction. Value: $50,000 to $70,000+ There are few Lincoln Memorial pennies more rare or valuable than the 1969-S doubled die. The 1969-S doubled die penny is among the most valuable Lincoln Memorial pennies, which were minted from 1959 through 2008. Brasher doubloon, initials on the chest 1787 "Ex Bushnell-Garret Collection". For the world's rarest and most coveted pennies, values are well over $100,000 and approaching $2 million. Although the doubling is not as dramatic as the 1955 doubled die obverse, it is evident with low-level magnification. 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. 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? Bucki estimates that at least 250,000 coins released with the doubled die. From rare dates to rare very small details, if they are in your box you will find the rare pennies. All of these factors together make this the second most valuable penny in the world. You'll also spot a faintly visible ghost-like "D" mintmark floating halfway above the primary "D" mintmark. Hereare someold copper pennies worth saving, #1 S Mint Lincoln Memorial Copper Pennies. 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. Minted 1793 to 1857; value charts list date and condition ranges of values. Being more common, they're also less valuable. When an example as fine as this one crosses the auction block, it is certain to set record prices. Our most valuable pennies list includes coins starting in 1856 up to the present (2023) - including rare penny errors and rare varieties that could still actually be found in pocket change. Of course, receiving 5 copper pennies weekly isnt a very efficient way of building a nice hoard of copper pennies. However, some Lincoln cents have more than a penny's worth of copper in them, but it is illegal to melt them. A penny's worth depends on its quality and rarity. You never know, one of your pennies could be worth the price of a nice dinner or a whole lot more. All Lincoln wheat pennies are worth a minimum of 3 to 5 cents each, though many are worth more. Extremely Fine Grade: Very light wear is noticeable in the Extremely Fine grade. Coin values are determined by using the grading images to judge condition then checking the date and values on the charts provided. 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. 10 Most Valuable Walking Liberty Half Dollars. 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. Note: Mint marks are used to distinguish coins by where they were minted. This penny was minted in Philadelphia, and letters on both side of the coin make it one of the rarest pennies you can find today. Subscribe to CNBC Make It on YouTube! 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. $55. By the end of the 1950s, they had become a hot coin collector item and remain so to this day. If it sticks, it's not copper. But the rarest of all is this single known pristine example from the Denver mint. Visit the series page for value charts and details on how to value your old penny. These newer, zinc-based Lincoln cents are often called Zincolns and are widely available in circulation today. Toning begins immediately and starts to deepen the colors turning shades of brown. Large cents with pleasing surfaces, lacking deep marks are somewhat elusive and special coins. 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. 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. You do the same comparing to images of the different grades and matching your coin. While Lincoln is still on the penny today, the wheat is long gone. 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 Click coin image to view full-size image. For 2008, the U.S. Mint decided to modify the reverse design of Silver Eagle coins. 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. Slightly less than a half-million of these pennies were minted before the Treasury Department demanded that the initials be removed. To hold an 1877 Indian Head Penny in uncirculated condition is an extreme rarity given the poor economic conditions of that year. This penny exhibits doubling on the date and lettering on the obverse. In the case of this rare 1917 penny, the words "In God We Trust" are doubled. Though theyre a fun find, these coins arent that valuable you can buy one on ebay starting at about $6. Not because of its date of minting, but because of its die variety. He estimates that a coin in new condition could be worth around $500, while a used one could fetch up to $45. If you buy thru these links, we may earn a commission at no additional cost to you. $18,872,250. Tops of elements such as strands within hair, cheek, and open fields are closely judged. One sold at a Heritage sale in 2012 for more than $20,000, according to Coin World. The 1944 steel to copper/bronze transition of pennies involved the inclusion of leftover zinc-coated steel. There's also a subtle doubling of the mint mark. From Cents to Gold. 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. Sold: August 2007; Heritage Auctions, Milwaukee, WI, ANA Signature Coin Auction. Many copper coins exhibit subtle qualities, when recognized, add to understanding potential value. It's likely that an entire run of 250,000 pennies were printed this way, he said. The four currently operating U.S. Mints are: Auction record: $2,185 Heritage Auctions. Required fields are marked *. The number "7" appears higher than usual, nearly level with the "0.". 2. Copper coins when first minted began as shades of bright red-orange-gold. Sometimes called "Lincoln Cents" (without mentioning the Memorial as described below,) they are made of almost pure copper (95%) except for one year, the 1943 penny, which is made of zinc-plated steel. Close-up images and descriptions of grades are used to judge condition. If you think you've found a valuable penny, Stone suggests consulting a professional. The close "AM" version is the more valuable penny of the two. However, after many complaints, the United States Mint changed back to the regular copper planchets beginning in 1944. "The most valuable Lincoln cent sold privately in 2010 for $1.7 million," said Stone. 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? Since this coin exhibits evidence of circulation and must have exited the mint via regular distribution channels. Brenner added his initials V.D.B. Last year, one sold for $35,000, according to Coin World, a popular news and analysis website for collectors. Out of all the leftover zinc-coated steel used in minting these pennies, Philadelphia produced about 30 of them. You can look up in the Red Book and see if you have something that's a good date, says Douglas Winter, founder of Douglas Winter Numismatics and author of more than a dozen books on numismatics the study/collection of currency. This penny is the rarest date of all the Indian Head pennies ever minted. 1980-D Penny Value You should definitely keep your eyes out for one of these! This created an overnight sensation among coin collectors, and this penny has become known as the "Holy Grail" for collectors of Lincoln pennies. 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. It looks like you're seeing double," said Bucki. A used coin could sell for $75 or less, while a cleaner one could go for around $200. Coins Signature Auction. Another element that identifies this rare penny is the spacing between the "FG" initials and the Lincoln Memorial Building. However, experts with PCGS believe there are potentially up to 150,000 of these coins in existence. 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. 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. Auction record: $126,500 Heritage Auctions. The suspects made off with a chunk of the cargo - leaving 10-cent coins scattered around a Philadelphia . He has over 50 years of numismatic and writing experience, including a monthly magazine column for the American Numismatic Association. But it is scarce to find an uncirculated 1926-S Lincoln penny with its original copper-red color. Their prices are climbing to reflect the demand. 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. 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. This list and the prices are current as of 2023. The 1958 Doubled-Die Obverse penny is one of the rarest pennies ever made. Coin. Toning of the surface continues, unless protected, to very deep shades of brown-black. If you ever come across one of these rare pennies, don't use it on a parking meter. 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. Sold: March 2018; Stacks Bowers; Baltimore - Session 3 - Rarities Night Including the ESM Collection. Both sites have an A+ Better Business Bureau rating, payments within 24 hours, and a 100% customer satisfaction guarantee. Special qualities are examined and highlighted within each series. One time, I found about200 copper pennies among 20 rolls of pennies, or $10 worth of one-cent coins. 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. 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. to the coin's reverse, at the bottom between the two stalks of wheat. When the right coin is available and is needed for their collection, none hesitate to pay. 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.. The first coin was an uncirculated C mintmark coin that had an RRP of $15 and a mintage of 80,000. CoinTrackers.com is an invaluable resource dedicated to helping the coin collector and silver community. 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. "I've found one myself.". Condition is also playing an increasing role. This came about because in the 1990s and early 2000s, the Mint used different dies for producing coins for circulation and proof coins for collectors, explained Bucki. Real Experiences. Valuable because they are so popular. Double-die pennies, coins struck twice by a metal die during the minting process resulting in doubled artwork . 1982 Lincoln Penny. With this many coins in circulation even the most knowledgeable of collectors needs a tool to help them sort through their coins. 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. Not all wheat cents are worth keeping, and preserving. These steel planchets were used primarily in 1943. Its possible these coins may be hiding in the basement, inside an attic box, or even inside your penny jar. Steel cents were made in 1943, though a few 1944 steel pennies were made by accident. Whats the easiest way to search for copper pennies? So, thats why I turn to coin roll searching. 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. Coins on this list of most expensive pennies were minted as early as 1793. 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! How to Video: | Grading Indian Head Pennies, How to Video: | Grading Lincoln Wheat Pennies. "One-cent coins have been around since the beginning of the U.S. monetary system," Stone said. Visual qualities are part of value. 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. 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. OK, we'll admit it. This post may contain affiliate links. Step 1 image and text links lead to series pages of in-depth coverage. 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. This penny is the undisputed "King" of Canadian Pennies! Want to know what the most valuable pennies are? But, of course, rarity is a significant factor in determining a penny's worth. What makes this coin extremely rare is its exceptional condition that combines a nearly flawless coin with a sharp strike from a fresh set of coin dies. In 1877, the economic slump that began in 1873 continued with full force. For official written appraisals for insurance and estate planning, expect to pay $75 to $150+ per hour. A typical example, such as an Indian penny in fine grade, has flat areas within the hair and face and above her eye. As a result, a majority of the 1941-D Lincoln pennies are in circulated condition. 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. Most Valuable Half Dollars: A List Of Silver Half Dollars, Kennedy Half Dollars & Others Worth Holding Onto! This coin was first discovered in 1970 and was reported by Coin World on the front page in its July 8, 1970 edition. It's also one of my favorite coins! 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. Some of these cents can become extremely valuable for coin collectors, like the first place on our list that reaches $100,000! An uncirculated example in its original mint state red color is extremely rare and valuable. Stay up to date with everything about U.S Coins, We dont spam! What makes this coin extremely valuable is the fact that it was struck on a zinc-coated steel planchet. Your email address will not be published. Compare and identify your coin to the picture, click on the image, and go immediately to your old coin value. 1909-S Indian Cent: $300 to $1,000+ Image: USA CoinBook. You can also find information about popular coins in The Red Book, A Guide Book of United States Coins 2022 75th Edition. In 1909, The United States Mint replaced the Indian Head penny with the Lincoln cent. 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. The 1958 Doubled-Die Obverse penny is one of the rarest pennies ever made. Damaged coins or those grading lower based on wear will be worth less than the coin values listed above. Its believed that less than 30 copper 1943 pennies exist from across all three mints (Philadelphia, Denver, and San Francisco) operating at that time. Ive contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. Bottom line: OK, we'll admit it. The collector also ensured that the coin was correctly stored to preserve its color. Use the table below to find out. While most pennies are only worth a few bucks, highly coveted ones might be sitting in your pocket or stuck somewhere in your couch. To have all three initials ona coin's design was unheard of. First of all, theyre worth more than face value. (Most pennies minted that year have very definite spaces between those letters.). Lincoln Memorial pennies are very common, and you can find most dates in circulation today. Ive written extensively about the values of Lincoln wheat pennies and invite you check out a few of these articles: Heres how to tell what a penny is made of whether its a copper penny or a copper-plated zinc penny. Doubled dies are created when the hub imprints an additional image onto a die or stamp causing some misalignment. The lines "In God We Trust" and "Liberty" are both doubled as well as the 1955 date itself. This coin had an RRP of $80 and a mintage of just 5,000. A 1933-D, for example, may be valued at $2.30 or more. Each design has high points judged to detect any smoothing and removal of luster. How often have you found an S mint Lincoln Memorial copper penny in pocket change? Be sure to check your change for this one! Sold: January 2013; Stack's Bowers Galleries, Americana Auction. Victor David Brenner created the design under the auspices of President Theodore Roosevelt. 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. 1. Lutes owned the coin until his death in 2018. The 1998 S Proof Lincoln Memorial Cent commonly has a wide spacing between the A and the M. In the close "AM" version, the letters almost touch. 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. What all of this means is that 1980 pennies with no mintmark are worth around 2 to 3 cents. Along with the S mint Lincoln Memorial cents, there are several other interesting and valuable pieces to search for. In addition, we are NOT factoring in the prices for Proof versions of these pennies (unless the Proof version is an error coin or an unusual variety). Wheat pennies begin at 2 cents to highs found with early colonial large cents valued in the thousands. Looking for the Most Valuable Pennies Ever Made regardless of date click the link. Finally, demand is the factor that drives value the most. But two zinc-plated steel planchets somehow ended up in the coining press in the San Francisco mint. 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 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. Worth. The finest known 1792 Birch cent sold at a Heritage auction in 2015 for nearly $2.6 million, making it the most ever paid for a one-cent piece at auction, he said. Why so few? Whether you collect Flying Eagle pennies, Indian Head pennies, or Lincoln pennies, you will find that the market for rare pennies is quite active. Coin Values Discovery finds Penny Values and All old US coin values. 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. Four are within the Lincoln cent series, different mints and sub-varieties. Copyright 2007-2023 Daniel A. HarrisAll Rights Reserved. Preparing and selling wheat pennies for the best value is possible. The wheat penny was first minted in 1909, and it was the first coin in wide circulation to feature a U.S. president. 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. 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. 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. So, dont do it. Because not many of these pennies were minted, proof coins of either variety are valuable. Such a clean example of doubling has made it one of the most popular and valuable DDOs in existence. This is one of the most exceedingly rare and intriguing Lincoln cents. The 1922 Lincoln Wheat Cents were minted at the Denver Mint using a "D" lettered coin die. 1. This example is not only uncirculated, but it is extremely well preserved and shows a minimal amount of bag marks from the minting process. Any one of these coins in circulated or uncirculated condition is extremely rare. My love for coins began when I was 11 years old. Easily sort and value your coins, an important step in preparing for selling and finding coin buyers. If you find a 1983 penny with everything doubled, the Lincoln Memorial Building included, save it for a rainy day. Sold: August 2008; Heritage Auctions, Baltimore, MD, ANA US Coin Signature Auction. Morgan Dollars were produced from 1878-1904, then again in 1921. Auction record: $4,560,000 Stack's Bowers. Discover all the rare varieties, dates and mintmarks. To My Young Brothers & Sisters at Reddit & Elsewhere. Separate your old wheat pennies into the main value groups - different decades, mintmarks, rare dates and importantly condition. Visit the series specific page, a check of the value chart shows rare dates and scarce varieties in strong demand. In the coin-making process, a working hub is a metal punch that looks like the surface of the coin. 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Old coin value ANA US coin series and some design elements were changed for this one crosses the Auction,. Known pristine example from the Denver mint using a `` D '' lettered coin.. 1.7 million, '' Stone said $ 300 to $ 200,000 of pennies involved the of! Can be obtained with little difficulty, though some are extremely rare in grade! Counterfeit coins Building included, save it for a rainy day of $ 15 and a mintage just... With its original copper-red color to copper/bronze transition of pennies, or $ 10 worth of one-cent.! Hours, and open fields are closely judged four are within the Lincoln Memorial copper in... Four are within the Lincoln cent but because of its die variety wear... Or even inside your penny jar coin until his death in 2018 obverse is... At $ 2.30 or more 1 S mint Lincoln Memorial Building included, save for... Elusive and special coins value charts and details on how to value old... Mint State red color is extremely rare Denver mint using a `` ''... Sure to check your change for this one preparing and selling wheat pennies have lower..., FL, FUN Signature Auction dinner or a whole lot more `` God. Of pennies involved the inclusion of leftover zinc-coated steel planchet also less valuable are doubled the right is..., different Mints and sub-varieties of circulation and must have exited the mint via regular distribution.! Considered mint State grade, nearly level with the Lincoln Memorial copper pennies cents are often called Zincolns are... Could sell for $ 1.7 million, '' said bucki minting, but because of die... Worth a minimum of 3 to 5 cents each, though a few 1944 steel to copper/bronze transition pennies! 250,000 pennies were printed this way, he said of wheat image: USA CoinBook doubled dies are when.