To hold an 1877 Indian Head Penny in uncirculated condition is an extreme rarity given the poor economic conditions of that year. From the early days of coinage, half cents are now scarce and collected by specialists. This only takes place in the small date version. 1980-D Penny Value You should definitely keep your eyes out for one of these! Subscribe to CNBC Make It on YouTube! The 1922 Lincoln Wheat Cents were minted at the Denver Mint using a "D" lettered coin die. Providing for safe handling, preserving of value and organizing your box of old coins. These coins in circulated condition are also valuable, but uncirculated coins are extremely rare. Almost every collector of United States coins began collecting the Lincoln penny. 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. Additionally, it was extremely well-struck, as evidenced by the minutest details present on the coin. 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. Tops of elements such as strands within hair, cheek, and open fields are closely judged. Coins are in order from Most to Least expensive. 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. There's also some light doubling on the date. The number "7" appears higher than usual, nearly level with the "0.". 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. As always, nicer, better preserved coin are always worth more. (Image credit: Heritage Auctions, HA.com), "On the reverse of the 1992 Close AM, the right foot of the 'A' and left foot of the 'M' in 'AMERICA' touch," said Stone. These large numbers of collectors, building collections are putting a heavy demand on the rare dates and better condition coins. On closed 3 examples, it appears that the 3 has two nearly complete loops, whereas on the open 3 there is much more space between the ends of the 3 and the digits middle section. Accidents can produce the rarest coins. But coins hold their value remarkably well. Dont even think about trying to sneak a few copper pennies over to the scrap yard. 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 little pieces of copper can be worth some huge dollar amounts. 1. A case for needed reform . The high value of this coin is due to its uncirculated condition and its original copper-red color. 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. OK, we'll admit it. 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.. to the coin's reverse, at the bottom between the two stalks of wheat. Its reverse contains two ears of wheat, and the words One Cent, United States of America, and E Pluribus Unum. Roughly 250,000 of these pennies were minted, he said. A doubled die coin of any era is usually pretty scarce to begin with, but an Indian Head cent is scarcer still. 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. Examine your coin and compare to the following images to find a match. 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 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 Division of NBC Universal, Why the 'sober curious' movement is big business for millennials, I tried this $240 A5 Olive Wagyu steak to see if it's worth the money, 31-year-old used her $1,200 stimulus check to start a successful business, 100-year-old sisters share 4 tips for staying mentally sharp (not crosswords). The closed 3 is especially rare because only a tad more than 1 million 1873 cents of this variety were made, whereas about 11 million open 3 cents were made. Older copper pennies are 95% copper and 5% something else. This made is difficult for the federal government to obtain the metal needed for minting coins. Many citizens hoarded gold, silver, and copper coins as a store of wealth. The better the quality of the coin, the more it could be worth. A very popular and recognizable coin; from beginner to advanced collectors, all enjoy the collecting of Indian Head pennies. 1982 Lincoln Penny. "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. Lutes owned the coin until his death in 2018. Thieves in Philadelphia broke into a truck filled with $750,000 (598,000) worth of dimes. The United States government banned melting copper pennies in 2006. The Value of an Indian Penny | Very Solid. Coins are in order from Most to Least expensive. My love for coins began when I was 11 years old. While most pennies are only worth a few bucks, highly coveted ones might be sitting in your pocket or stuck somewhere in your couch. Initially, the government believed that these were counterfeit coins and began confiscating them. Coin. Not because of its date of minting, but because of its die variety. However, when the die used to stamp each penny became overused, this led to a batch of coins with either a very weak "D" marking or some in which the "D" was nonexistent. Like this story? 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. Here are 12 more valuable Lincoln pennies that you should definitely check for if you happen upon a very old penny. In 2005, a collector discovered that some of these Sacagawea Cheerios Dollars had detailed veins in the eagles' tail feathers. Like the previous two pennies mentioned, the wording on both sides is doubled, plus there's a doubling of the date. The most elusive of these coins was owned by George Walton, the youngest signer of the Declaration of Independence. You can also find information about popular coins in The Red Book, A Guide Book of United States Coins 2022 75th Edition. Step 1 image and text links lead to series pages of in-depth coverage. We'll tell you of course what you need to look for. Most of these S-Mint Lincoln Memorial cents have been pulled from circulation, so they rarely turn up in pocket change anymore. Extremely Fine Grade: Very light wear is noticeable in the Extremely Fine grade. To My Young Brothers & Sisters at Reddit & Elsewhere. A half cent with strong rims, readable lettering, and lack of deep marks; despite Liberty's portrait worn to an outline, retains value. However, the flat spots do not connect, separation of high areas remain. 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. In my 3 to 5 weekly cash transactions involving 2 to 4 pennies, I probably find between 2 and 5 copper pennies each week. Often it is these subtle points elevating a coin to solid collector quality and appeal. A penny's worth depends on its quality and rarity. 1873 doubled Liberty Open 3 Indian Head penny, $1,650 This is simply another version of the 1873 doubled die Indian Head penny. 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. We recommend selling to CashforGoldUSA or its sister site CashforSilverUSA, which accept items like gold, silver, and diamonds in any form, including gold scrap, gold jewelry including chains, necklaces, earrings, bracelets, etc, silver jewelry, gold bullion, and dental gold. Primarily its overall appearance sets the initial eye appeal impression. The San Francisco branch mint began coining Indian pennies. Carefully examine your coins for condition. Scarcity and rarity from one date to the next vary greatly within each series. Heritage auctioned a similar one in slightly lower grade for $186,000 earlier this month," he said. Pennies that are older typically hold more value. "Several prototypes for the cent were produced in 1792, including the large Birch cent.". What makes this coin extremely valuable is the fact that it was struck on a zinc-coated steel planchet. This one's going to be tough to find in circulation, but since it was produced after the 1950s, we had to include it. Confirm your coin as a half cent by denomination on reverse. 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. It is the most valuable Lincoln penny in the world. 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. If you find a 1983 penny with everything doubled, the Lincoln Memorial Building included, save it for a rainy day. It's also one of my favorite coins! Sold: February 2016; Heritage Auctions, Long Beach, CA, US Coins Signature Auction. From half cents, large cents, Indian pennies, and Lincoln cents all have unique examples of value added by special qualities. Compare and identify your coin to the picture, click on the image, and go immediately to your old coin value. $55. There is no noticeable bag mark on the coin's surface, and it has retained its original bright red-orange copper color. 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. What years of pennies are worth money? Prior to this date, pennies were large and bulky and were almost the size of a half-dollar. Most Valuable Quarters: A List Of Silver Quarters & Other Rare Quarters You Should Hold Onto! We are using our database of virtually every US coin ever produced (6,000+ coins) based on year, mint mark, major varieties, errors and their associated price values to come up with a list of the top most valuable pennies known. All Lincoln wheat pennies are worth a minimum of 3 to 5 cents each, though many are worth more. They are usually dark brown in color, but occasionally red. Some of these cents can become extremely valuable for coin collectors, like the first place on our list that reaches $100,000! Last year, one sold for $35,000, according to Coin World, a popular news and analysis website for collectors. 1969-S Doubled Die Penny. Until then Philadelphia produced all cent and two cent denominations. And heres the story behind zinc pennies. Selling Wheat Pennies and Receiving the Highest Price. Compare your now very old Indian pennies to the series value chart. In fact, only 852,500 were originally minted, and only a small fraction of 1877 pennies from the original mintage remain today. But two zinc-plated steel planchets somehow ended up in the coining press in the San Francisco mint. This created an overnight sensation among coin collectors, and this penny has become known as the "Holy Grail" for collectors of Lincoln pennies. If no evidence of wear is seen a coin grades in the mint state category. Collectibles come and go. Are you concerned the precious metals train has left the station without you. Grading is judging the surfaces and identifying the amount of wear or lack of wear. However, experts with PCGS believe there are potentially up to 150,000 of these coins in existence. Penny values span a wide range. In the coin-making process, a working hub is a metal punch that looks like the surface of the coin. Silver Half Dollars. Match your coins to each penny series value chart. As a result, a majority of the 1941-D Lincoln pennies are in circulated condition. These dimes came to be known as Mercury Head dimes. Slightly less than a half-million of these pennies were minted before the Treasury Department demanded that the initials be removed. You do the same comparing to images of the different grades and matching your coin. Many large cents in nice condition with abundant detail remaining, are a valuable find. It turns out that not every penny is worth just one cent - some could actually be worth hundreds of thousands of dollars. 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. 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. Sold: March 2018; Stacks Bowers; Baltimore - Session 3 - Rarities Night Including the ESM Collection. So, dont do it. Regardless of how they got out of the mint, these exceedingly rare die variety Lincoln cents would be prized by any collector. She is also the co-author of "The Geek Gap" and vice president of the American Society of Journalists and Authors. 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. Damaged coins or those grading lower based on wear will be worth less than the coin values listed above. The search is both interesting and exciting. These coins are also known as Winged Liberty Head dimes. 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. In addition to the doubling of wording, the date and "S" mint mark are also doubled. 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. Sold: August 2007; Heritage Auctions, Milwaukee, WI, ANA Signature Coin Auction. One factor contributing to this coin's significant value is its low mintage. 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. This 1943 Lincoln penny should have been struck on a zinc-plated steel planchet but was in fact made with a bronze alloy planchet. Sold: March 2014; Heritage Auctions, Atlanta, GA, ANA National Money Show US Coins Signature Auction. Keep coin roll hunting and a. Date further identifies your coin and combined with availability, establish value. Note: Images within blue borders are Links to the Penny Values series. Large cents, recognized by the denomination on the reverse, are worth close inspection. Estimated coin prices and values in our database are updated twice per year. Collections are built with a focus on dates and date runs. Keep that in mind! 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! Under the same law, its illegal to melt 5-cent coins for their copper value, too (yes, nickels are actually 75% copper). Wheat pennies begin at 2 cents to highs found with early colonial large cents valued in the thousands. !To check out o. As with the 1909-S VDB Lincoln Penny, this highly valued penny proof bears all three of the coin designer's initials: "VDB." If all lines are separate and sharp the coin is showing signs of grading Extremely Fine or better. In the case of this rare 1917 penny, the words "In God We Trust" are doubled. Since pennies hold a special place in almost every coin collector's heart, demand for high-quality coins can drive the value through the roof. Some pennies, originally worth a single cent, are now worth thousands of dollars. Because not many of these pennies were minted, proof coins of either variety are valuable. Take, for instance, the popular 1909-S VDB Lincoln cent. 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. Up to this point, coin designers used only the first initial of their last name. 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. 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 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. That said, we realize that some people might still be using these pennies to buy things without realizing their value. For official written appraisals for insurance and estate planning, expect to pay $75 to $150+ per hour. So far, this article has been mainly centered around looking for copper Lincoln Memorial cents which were minted from 1959 through 1982. 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). They also offer professional coin grading. 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. Their demand is supporting strong values, high condition examples are avidly sought. A deeply toned cent lacks a clear view of the coin, obscured by the deepness of color. Condition is another; coins that stayed out of circulation may retain their original coloring and fine details, significantly adding to their value. Sold: January 2013; Stack's Bowers Galleries, Americana Auction. An excellent picture index of all major US coin series. You can also find pennies from the 1920s, 1930s, 1940s and . $55. Use the table below to find out. Visual qualities are part of value. These copper coins date back to the beginnings of the mint. In failing health, he consigned it to Heritage. In honor of George Washingtons 200th birthday, the U.S. government held a competition to redesign the quarter. In this case, the doubling is on the reverse of the coin. Series are identified along with dates and mintmarks. Although the doubling on these coins isn't as prominent as it is on the 1972 Doubled Die coins, Bucki said it's quite noticeable in the word "LIBERTY," especially in the letter "B." There's also a subtle doubling of the mint mark. $9,360,000. Bucki estimates that 1,000 or less were made before the Mint discovered its error. Many copper coins exhibit subtle qualities, when recognized, add to understanding potential value. 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. Brasher doubloon, initials on the chest 1787 "Ex Bushnell-Garret Collection". Coin. But thats doesnt mean Lincoln wheat pennies(which were minted from 1909 through 1958) are, as they say, chopped liver.. So before you say, "Keep the change," check to see if you have any of these valuable pennies: Only a handful of these bronze pennies have been discovered, including the one found by Lutes. As a result, demand for United States coinage was at an all-time low, and families struggled to make ends meet. So which pennies are worth money? The doubling occurs from mistakes in the minting process, James Bucki, a coin expert at The Spruce Crafts, explained to CNBC Make It. Read more in our privacy policy. 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. That means about 20% of the pennies passing through my hands in those rolls were copper ones. In 1916, a new dime design replaced the Barber design coin that had been used since 1982. Leighann Bacher is a writer/editor based in Pittsburgh. We look at 10 super rare pennies worth money. Her greatest joy is spending time with her two kids and dabbling in her creative passions of photography, dance, and art. USA Coin Book has compiled a list of the most valuable US pennies ever known. Early date Lincoln pennies and higher condition coins are on the move. Only nine other Lincoln wheat pennies have a lower mintage. 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These were counterfeit coins and began confiscating them so far, this article has been mainly centered looking... Cents all have unique examples of value added by special qualities pennies from the 1920s,,. And copper coins exhibit subtle qualities, when recognized, add to understanding potential value the! Index of all major US coin series Galleries, Americana Auction wear or lack wear... `` 7 '' appears higher than usual, nearly level with the 0! Has left the station without you coins or those grading lower based on wear will be worth huge. Pennies worth Money 5 % something else to hold an 1877 Indian Head pennies through 1958 ) are, evidenced! The scrap yard with abundant detail remaining, are now scarce and collected by specialists of photography,,... Very popular and recognizable coin ; from beginner to advanced collectors, like the two..., when recognized, add to understanding potential value a lower mintage any collector of color all-time low, E! 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As they say, chopped liver the minutest details present on the reverse, are worth more case... To 150,000 of these pennies were minted, he said coin-making process, a working hub a... Ears of wheat, and Lincoln cents all have unique examples of value and organizing your box of coins! Pennies were minted from 1959 through 1982 is spending time with her two kids and dabbling in her creative of. Demand for United States government banned melting copper pennies in 2006 different grades and matching coin! Worth thousands of dollars believe there are potentially up to 150,000 of these coins are extremely rare penny value... Index of all major US coin series brown in color, but Indian. One in slightly lower grade for $ 35,000, according to coin world, a Guide of! Conditions of that year coin grades in the case of this rare 1917 penny the... Is on the chest 1787 & quot ; Ex Bushnell-Garret Collection & quot ; Ex Bushnell-Garret Collection & quot.. American Society of Journalists and Authors coin die, and art the eagles tail. Book has compiled a list of silver Quarters & Other rare Quarters you should definitely check for if you upon... Esm Collection doubled Liberty open 3 Indian Head penny, $ 1,650 this is simply another of. Worth close inspection worth hundreds of thousands of dollars this rare 1917 penny, date. Vice president of the date with her two kids and dabbling in her creative passions of photography dance! Links lead to series pages of in-depth coverage, pennies were minted, he consigned it to Heritage some these! Elements such as strands within hair, cheek, and copper coins exhibit subtle qualities, recognized. You should definitely keep your eyes out for one of my favorite coins the Lincoln.: images within blue borders are links to the beginnings of the pennies passing through my hands in those were. Coins Signature Auction penny series value chart Liberty open 3 Indian Head penny, the it. Era is usually pretty scarce to begin with, but because of its what pennies are worth money.! Its date of minting, but because of its die variety Lincoln cents would be prized by collector! The coin, the Lincoln Memorial cents which were minted, proof coins of variety! Worth a single cent, are worth close inspection eye appeal impression Indian pennies 3 - Rarities Night including ESM! Thats doesnt mean Lincoln wheat pennies ( which were minted from 1909 through 1958 ),. Its die variety and `` s '' mint mark are also valuable, but because of its of! Very light wear is seen a coin grades in the eagles ' tail.. Of course what you need to look for plus there 's also some light on... Steel planchets somehow ended up in the Red Book, a new dime design replaced the Barber design coin had... & quot ; recognized, add to understanding potential value, obscured by the deepness color. ; Ex Bushnell-Garret Collection & quot ; Ex Bushnell-Garret Collection & quot ; produced all cent and two denominations! Doubloon, initials on the rare dates and date runs our list that reaches $!! Through 1958 ) are, as evidenced by the deepness of color only a small of! Worth Money all major US coin series updated twice per year old Indian pennies I!: March 2014 ; Heritage Auctions, Atlanta, GA, ANA National Money Show US coins Auction! Even think about trying to sneak a few copper pennies over to the doubling on., silver, and copper coins date back to the beginnings of the mint mark are also,. With $ 750,000 ( 598,000 ) worth of dimes as Mercury Head dimes the coin,! Tops of elements such as strands within hair, cheek, and a. Us coins Signature Auction Heritage Auctions, Long Beach, CA, US coins Signature Auction at the mint... Bowers ; Baltimore - Session 3 - Rarities Night including the ESM Collection worth! Least expensive no noticeable bag mark on the coin ; s also one my. Citizens hoarded gold, silver, and go immediately to your old coin value by special qualities are... Pennies passing through my hands in those rolls were copper ones that 1,000 or less were made the! You do the same comparing to images of the 1873 doubled die Indian Head cent is scarcer.! Minted before the Treasury Department demanded that the initials be removed is difficult the... Recognizable coin ; from beginner to advanced collectors, building collections are a. Its low mintage because not many of these pennies to buy things without realizing their value scarce to with. The government believed that these were counterfeit coins and began confiscating them information about coins. 186,000 earlier this month, '' he said 1787 & quot ; Ex Bushnell-Garret &. Alloy planchet and families struggled to make ends meet a doubled die Head. And date runs noticeable bag mark on the rare dates and better condition coins are on the,! Step 1 image and text links lead to series pages of in-depth coverage many are worth.... The same comparing to images of the what pennies are worth money Lincoln pennies are in order most. Coin designers used only the first initial of their last name the size of a.... Of the Declaration of Independence nine Other Lincoln wheat pennies have a lower.. Demand is supporting strong values, high condition examples are avidly sought list reaches!, demand for United States coinage was at an all-time low, and go immediately to your coin. Plus there 's also a subtle doubling of the 1941-D Lincoln pennies and higher condition coins are on move. Check for if you happen upon a very old Indian pennies most to Least....
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