Lutes owned the coin until his death in 2018. Discover the rare pennies in your box of old coins. Large cents, recognized by the denomination on the reverse, are worth close inspection. "A nice circulated example, like Lutes' coin, could sell for around $150,000 to $200,000. Visual qualities are part of value. 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. Any one of these coins in circulated or uncirculated condition is extremely rare. Good Grade: Heavy wear and a lack of remaining design is typical of a penny in Good grade. Coins are in order from Most to Least expensive. $55. Both sites have an A+ Better Business Bureau rating, payments within 24 hours, and a 100% customer satisfaction guarantee. Collectors now have another variety as part of collections. Why are they important to many coin collectors? 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. 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. A 1944 Lincoln penny struck at the Denver, Colorado mint facility is nothing special. 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. Series are identified along with dates and mintmarks. Valuable coins list 2022/2023. 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! There are believed to only be about 20 of these rare coins in the world. (Collectors refer to the obverse of a coin as the front or "heads" side usually bearing a portrait.) Top 30 Most Valuable Wheat Pennies Last Updated 7th January 2023. Pennies that are older typically hold more value. 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? There are more than 10 doubled dies for the 1972 Lincoln cent, but Type 1 is the most valuable. Their prices are climbing to reflect the demand. 1982 Lincoln Penny. *This list of most valuable pennies refers to problem-free coins grading Extremely Fine-40 on the Sheldon Grading Scale. 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. It simply is a regular-issue piece that was struck in relatively low numbers. Looking for the Most Valuable Pennies Ever Made regardless of date click the link. Penny values are date specific. Step 1 above are image links to match your coin. I, on the other hand, am simply holding onto my copper pennies with no particular plans except to perhaps search them someday for varieties, errors, and other interesting numismatic aberrations. Using a step by step method discovers how much your old pennies are worth. Ive contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. She is also the co-author of "The Geek Gap" and vice president of the American Society of Journalists and Authors. To this day, they are the only two known to exist. At least, that's what was supposed to happen. While the designs appear similar, the fonts and some design elements were changed. In failing health, he consigned it to Heritage. Your email address will not be published. Mint State Grade: A coin with no wear to the surface is considered Mint State grade. 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. Wheat pennies begin at 2 cents to highs found with early colonial large cents valued in the thousands. The search is both interesting and exciting. *All auction records are from the Professional Coin Grading Services (PCGS). Not because of its date of minting, but because of its die variety. Old US Penny Values | Discover Their Worth Coin Values Moving with Precious Metals: Up-Dated 4/3/2023: Gold $1956 | Silver $23.68 Old US Penny Values are Rising Collectors and their pursuit of nice coins is pushing old US penny values higher. Minda Zetlin is a freelance writer covering business, money, tech and collectibles. 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. Such a clean example of doubling has made it one of the most popular and valuable DDOs in existence. Half cents are a series with many examples in very worn condition. Like this story? The Philadelphia mint produced about 20 bronze/copper coins in 1943, making this one incredibly rare and valuable. You can also find pennies from the 1920s, 1930s, 1940s and . 1971 Kennedy Half Dollar. Close-up images and descriptions of grades are used to judge condition. 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 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. 1909-S Indian Cent: $300 to $1,000+ Image: USA CoinBook. Collectibles come and go. Match your coins to each penny series value chart. 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. As a result, most of these pennies went into circulation. If a 1999 penny has a large space between the A and the M, and it's in amazing condition, odds are good it's one of the most valuable pennies still in circulation. 1. 2010 - 2023 USA Coin Book. 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. Click coin image to view full-size image. Two are Indian pennies, from different mints. Coins that are in higher grades, come under suspicion that they may have been helped by a mint employee. The coppery color of modern-day pennies is merely a thin plating of copper on a 99.2% zinc, 0.8% copper core. The most elusive of these coins was owned by George Walton, the youngest signer of the Declaration of Independence. 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. Its reverse contains two ears of wheat, and the words One Cent, United States of America, and E Pluribus Unum. There are two different varieties one with a leaf that appears lower on the corn (more common), and one with a leaf that appears higher. Until then Philadelphia produced all cent and two cent denominations. Dark colors tend to hide detail and lower eye appeal to old copper coins. But thats doesnt mean Lincoln wheat pennies(which were minted from 1909 through 1958) are, as they say, chopped liver.. Also called the 1982 No P Dime, these dimes were the first and only U.S. business strike coin (a coin intended for circulation) that accidentally left the U.S. Mint without being stamped with their designated mint mark. 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. Mintmarks are listed and valued on Indian and Lincoln value charts. 2. In the United States over 70 billion pennies have been minted in the last decade alone. Some of these Wheat pennies are not as common as once believed. Wheat pennies begin at 2 cents to highs found with early colonial large cents valued in the thousands. Preparing and selling wheat pennies for the best value is possible. Coin values are determined by using the grading images to judge condition then checking the date and values on the charts provided. The full backside of the coin is doubled. 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." What years of pennies are worth money? Instead, Teitelbaum turned them over to the Secret Service. 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. Small Pieces of Copper Worth Huge Amounts of Money. Of all the cents currently in circulation these pennies are worth the most money. This is an indication that they were not "helped" by some unscrupulous mint employee. It is believed that only a handful of them exist so if you happen to find one, count yourself lucky. Additionally, it has been sufficiently well preserved to retain its original bright red-copper color. Some pennies, originally worth a single cent, are now worth thousands of dollars. If all lines are separate and sharp the coin is showing signs of grading Extremely Fine or better. Auction record: $372,000 Heritage Auctions*. Others are worth their weight in gold or silver. Many of these coins exhibit wear from circulation. On April 25, 2013, a coin owned by Walton family heirs once believed to be fake was authenticated as the real fifth coin. 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. 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. These steel planchets were used primarily in 1943. *All of the coin values listed from 1958 or earlier came from USA Coin Book, unless otherwise noted. Prior to this date, pennies were large and bulky and were almost the size of a half-dollar. However, experts with PCGS believe there are potentially up to 150,000 of these coins in existence. 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. Some pennies, originally worth a single cent, are now worth thousands of dollars. Earlier this year, an ordinary looking penny made headlines when it was found among the possessions of a man named Don Lutes. 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. After all, over 4 million of them minted at the San Francisco mint. This is a labor of love you might say, so it is resource intensive and slow. Since this coin exhibits evidence of circulation and must have exited the mint via regular distribution channels. 1873 doubled Liberty closed 3 Indian Head penny, $2,400 Another doubled die cent, this piece features doubling in the word LIBERTY. When the U.S. switched from bronze alloy to zinc-plated steel pennies in 1943, only a relative handful of bronze pennies slipped through. The most valuable 1980 penny with no mintmark sold for $2,232.50 in a 2017 auction. By the end of the 1950s, they had become a hot coin collector item and remain so to this day. In this case, the doubling is on the reverse of the coin. The 1995 Double Die Obverse Lincoln Memorial Cent became a rare penny (and a valuable collector's item) after a doubling error occurred. This page is a work in progress, share to social media and check back later for updates. Stay up to date with everything about U.S Coins, We dont spam! While 484,000 were struck, several population estimates suggest only 50,000 to 100,000 may still exist a fairly large number indeed, but much lower than mintage numbers suggest. This is a labor of love you might say, so it is resource intensive and slow. Visitors can click on the links in the list below to view larger images of both sides of the coins (mint mark locations, error/variety diagnosis, etc), detailed pricing data for various conditions/grades of the coins, mintage figures, metal composition, history and other encyclopedic information regarding each individual coin. Of course, pocket change still yields plenty of copper cents. 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. Of all the modern Lincoln cents the Wheat Penny stands out the most. These are Lincoln penny coins to look for in circulation or in your pocket change. (adsbygoogle = window.adsbygoogle || []).push({}); CoinTrackers.com is an invaluable resource dedicated to helping the coin collector and silver community. However, some Lincoln cents have more than a penny's worth of copper in them, but it is illegal to melt them. Her greatest joy is spending time with her two kids and dabbling in her creative passions of photography, dance, and art. This list and the prices are current as of 2023. 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. 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). These are the most valuable pennies in circulation.And they are worth a pretty penny if you find them. Discover all the rare varieties, dates and mintmarks. You never know, one of your pennies could be worth the price of a nice dinner or a whole lot more. There are estimated to be about 15-20,000 of these pennies still in existence, though there are many counterfeits on the market. Pennies Worth Money In the United States over 70 billion pennies have been minted in the last decade alone. Condition is judged comparing to images, video and descriptions. Penny values span a wide range. Estimated coin prices and values in our database are updated twice per year. Regardless of how they got out of the mint, these exceedingly rare die variety Lincoln cents would be prized by any collector. Whether you collect Flying Eagle pennies, Indian Head pennies, or Lincoln pennies, you will find that the market for rare pennies is quite active. Auction record: $126,500 Heritage Auctions. 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. Copper coins when first minted began as shades of bright red-orange-gold. Sold: January 2004; Heritage Auctions, Orlando, FL, FUN Signature Auction. 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. James Bucki is a nationally-recognized coin collector and numismatic expert and author, sharing his knowledge and specialized training in coin grading, minting errors, and collection techniques. All of these factors together make this the second most valuable penny in the world. Extremely Fine Grade: Very light wear is noticeable in the Extremely Fine grade. They are usually dark brown in color, but occasionally red. Last year, one sold for $35,000, according to Coin World, a popular news and analysis website for collectors. Take, for instance, the popular 1909-S VDB Lincoln cent. So, dont do it. How to Video: | Grading Indian Head Pennies, How to Video: | Grading Lincoln Wheat Pennies. 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. 1980-D Penny Value You should definitely keep your eyes out for one of these! A quick look at the value chart shows a big change in how much your box of old pennies is worth. These old pennies are getting harder to find as more and more people are looking for copper pennies and are removing them from circulation. 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. With this many coins in circulation even the most knowledgeable of collectors needs a tool to help them sort through their coins. An excellent picture index of all major US coin series. 1. Coins in this condition are few and far between and are truly treasures to behold. The close "AM" version is the more valuable penny of the two. It's likely that an entire run of 250,000 pennies were printed this way, he said. Date further identifies your coin and combined with availability, establish value. What makes this coin extremely valuable is the fact that it was struck on a zinc-coated steel planchet. 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. This made is difficult for the federal government to obtain the metal needed for minting coins. For example: the reverse of a Lincoln cent features fine parallel lines in the "wheat" design. How to Find Rare Coins Worth Money and Wanted by Collectors. Of all the cents currently in circulation these pennies are worth the most money. 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. 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. Comparing the coins in the image; nicely toned, circulated examples project pleasing eye appeal. 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. Sold: October 2011; Heritage Auctions, Pittsburgh, PA, Signature Auction. Series are identified along with dates and mintmarks. What makes this particular coin extremely valuable is its pristine condition despite being over 100 years old. Notice that those mintage numbers for the business-strike S-mint Lincoln pennies are in the millions, not billions like most Philadelphia and Denver pennies from that era. A penny's worth depends on its quality and rarity. Thanks! If you find a 1983 penny with everything doubled, the Lincoln Memorial Building included, save it for a rainy day. Sold: March 2018; Stacks Bowers; Baltimore - Session 3 - Rarities Night Including the ESM Collection. Heres the short answer the one you probably dont want to hear: NO! As of this writing, anyway. 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. Coin Values Discovery finds Penny Values and All old US coin values. While theyre still more common than those from other mints that year, they are still considered rare and valuable. This coin was first discovered in 1970 and was reported by Coin World on the front page in its July 8, 1970 edition. Most Mercury dime dates can be obtained with little difficulty, though some are extremely rare in high grade. Keep coin roll hunting and a. Some series are more valuable than others. How to determine penny values begins with identifying the denomination and series. If you buy thru these links, we may earn a commission at no additional cost to you. All Rights Reserved. All Rights Reserved. In fact, their numismatic values makes them worth more than most Lincoln Memorial pennies. One sold at a Heritage sale in 2012 for more than $20,000, according to Coin World. Often it is these subtle points elevating a coin to solid collector quality and appeal. What all of this means is that 1980 pennies with no mintmark are worth around 2 to 3 cents. My love for coins began when I was 11 years old. From half cents, large cents, Indian pennies, and Lincoln cents all have unique examples of value added by special qualities. How often have you found an S mint Lincoln Memorial copper penny in pocket change? "The most valuable Lincoln cent sold privately in 2010 for $1.7 million," said Stone. Below we unveil the most valuable circulated pennies worth up to $11,128, based on recently completed eBay listings. These are auction records for the rarest Mercury Dime series: 1921-D: $23,500 Legend Rare Coin Auctions. 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. We'll tell you of course what you need to look for. Their demand is supporting strong values, high condition examples are avidly sought. But the rarest of all is this single known pristine example from the Denver mint. 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