This example is not only uncirculated, but it is extremely well preserved and shows a minimal amount of bag marks from the minting process. Professional Coin Grading Serviceoffers a coin price guide where you can search for the current value of collectible coins. Minted 1793 to 1857; value charts list date and condition ranges of values. As a result, most of these pennies went into circulation. 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. 1856 Flying Eagle penny, $12,850 Only 2,000 examples of the Flying Eagle cents were ever made. Coins Found in Pocket Change. Because of their uniqueness, theyre remarkably valuable. Why are they important to many coin collectors? An 1872 Indian Head penny is a scarce coin but can readily be found at any coin show or coin dealer in circulated grades. 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. Auction record: $372,000 - Heritage Auctions*. 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. That means about 20% of the pennies passing through my hands in those rolls were copper ones. Their demand is supporting strong values, high condition examples are avidly sought. Brenner added his initials V.D.B. (adsbygoogle = window.adsbygoogle || []).push({}); CoinTrackers.com is an invaluable resource dedicated to helping the coin collector and silver community. 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. Finally, demand is the factor that drives value the most. This is a labor of love you might say, so it is resource intensive and slow. Sold: August 2014; Heritage Auctions, Chicago, IL, ANA US Coins Signature Auction. Look our for these pennies worth good money. To be precise: Copper pennies made up until 1962 had a 5% balance . But, of course, rarity is a significant factor in determining a penny's worth. Sold: January 2013; Stack's Bowers Galleries, Americana Auction. Though theyre a fun find, these coins arent that valuable you can buy one on ebay starting at about $6. Copyright 2007-2023 Daniel A. HarrisAll Rights Reserved. If you buy thru these links, we may earn a commission at no additional cost to you. But coins hold their value remarkably well. Heritage auctioned a similar one in slightly lower grade for $186,000 earlier this month," he said. $46. While mintage numbers tell part of the story about a coins rarity, they dont show you a complete picture. 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. Discover the rare pennies in your box of old coins. This coin was first discovered in 1970 and was reported by Coin World on the front page in its July 8, 1970 edition. Victor David Brenner created the design under the auspices of President Theodore Roosevelt. 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. *Values are for coins in Extremely Fine-40 grade. The DDO on the coin has a very clear doubling on the lines "In God We Trust" and "Liberty." An uncirculated example in its original mint state red color is extremely rare and valuable. 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. This 1943 Lincoln penny should have been struck on a zinc-plated steel planchet but was in fact made with a bronze alloy planchet. But there are several valuable pennies worth money, much more than just a few cents apiece. Bottom line: OK, we'll admit it. Like the previous two pennies mentioned, the wording on both sides is doubled, plus there's a doubling of the date. Some of these one cent coins are worth hundreds! When the U.S. switched from bronze alloy to zinc-plated steel pennies in 1943, only a relative handful of bronze pennies slipped through. Auction record: $4,560,000 Stack's Bowers. The Philadelphia mint produced about 20 bronze/copper coins in 1943, making this one incredibly rare and valuable. Flying Eagle Penny Values | Discover Their Worth. Auction record: $6,000 Heritage Auctions. There are a lot of coins worth money some that have sold for hundreds of thousands or even millions of dollars. These old pennies are getting harder to find as more and more people are looking for copper pennies and are removing them from circulation. One time, I found about200 copper pennies among 20 rolls of pennies, or $10 worth of one-cent coins. Sculptor Victor D. Brenner was asked by the U.S. Mint to design a coin depicting Abraham Lincoln in celebration of his centennial birthday. Both sites have an A+ Better Business Bureau rating, payments within 24 hours, and a 100% customer satisfaction guarantee. The difference between this 1873 penny and the closed 3 listed above is the way the serifed ends of the 3 come near the middle of the digit. Mintmarks are listed and valued on Indian and Lincoln value charts. They are usually dark brown in color, but occasionally red. Penny values span a wide range. These coins in circulated condition are also valuable, but uncirculated coins are extremely rare. If you find a 1983 penny with everything doubled, the Lincoln Memorial Building included, save it for a rainy day. 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. Special qualities are examined and highlighted within each series. Only nine other Lincoln wheat pennies have a lower mintage. After 1964, a new alloy was used that eliminated silver, which is still in circulation today. Ive authored nearly 1,000 articles here at The Fun Times Guide to Coins (many of them with over 50K shares), and I welcome your coin questions in the comments below! Real Experiences. 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. Only 1,194 of these proof coins were struck at the Philadelphia mint before the Treasury Department dictated that the designer's initials be removed from the coin. 1909 S VDB Lincoln Wheat Penny - $1,725 . These are Lincoln penny coins to look for in circulation or in your pocket change. Similar to the 1972 penny mentioned, the 1971 S penny has a doubling error on both sides. 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. Here's a rundown of 10 of the most expensive pennies made since 1900: 1. Coins Signature Auction. As a rule, 1873 open 3 Indian cents are more common than the closed 3 variety. 2. These newer, zinc-based Lincoln cents are often called Zincolns and are widely available in circulation today. 1873 doubled Liberty closed 3 Indian Head penny, $2,400 Another doubled die cent, this piece features doubling in the word LIBERTY. Examine your coin and compare to the following images to find a match. 1982 Lincoln Penny. 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. How to Video: | Grading Indian Head Pennies, How to Video: | Grading Lincoln Wheat Pennies. Proceeds of the sale went to the Berkshire Athenaeum in his hometown of Pittsfield, Massachusetts, according to the Dallas-based auction house. 1980-D Penny Value You should definitely keep your eyes out for one of these! $18,872,250. 1969 Washington Quarter. The 1913 Liberty Nickel was produced by the U.S. Mint, with only five coins believed to be in existence. Additional video helps to identify many subtle points to grading coins. "Several prototypes for the cent were produced in 1792, including the large Birch cent.". Stone estimates that a coin in good condition could sell for up to $45. 1971 Kennedy Half Dollar. 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. If no evidence of wear is seen a coin grades in the mint state category. What follows are the 11 through 25th most valuable pennies: 1917 doubled die Lincoln Wheat Penny, $1,350, 1972 doubled die obverse Lincoln Memorial penny, $290, 1909-S/S over horizontal S Lincoln Wheat Penny, $275. These coins arent particularly valuable and are listed from about $2 to $50 on ebay. 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. Her greatest joy is spending time with her two kids and dabbling in her creative passions of photography, dance, and art. Wheat pennies begin at 2 cents to highs found with early colonial large cents valued in the thousands. Discover all the rare varieties, dates and mintmarks. 1931-S Wheat Penny Value: $70-$150 Auction Record: $18,600 Shop 1931-S Wheat Cents on eBay.com The 1931 S Lincoln Wheat Penny is a key date in the series, with only 866,000 coins minted. Some of these Wheat pennies are not as common as once believed. 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. After all, over 4 million of them minted at the San Francisco mint. 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 the front of the 1983 Lincoln Memorial Cent looks perfectly ordinary, the back might have a particularly lucrative error. Accidents can produce the rarest coins. However, the financial hardship of the time (including the economic downturn following the "Panic of 1873") meant that few people were able to save coins for their collections. Often it is these subtle points elevating a coin to solid collector quality and appeal. A case for needed reform . In fact, their numismatic values makes them worth more than most Lincoln Memorial pennies. Gray asked a collector named Robert Teitelbaum to sell the illegal coins and to place 85 of them into circulation in Washington. While theyre still more common than those from other mints that year, they are still considered rare and valuable. There are six known examples of this error being produced at the San Francisco mint in 1943. The lines "In God We Trust" and "Liberty" are both doubled as well as the 1955 date itself. Auction record: $10,200 Heritage Auctions. There's those pawn shops or local cash-for-gold buyers that's not a good place to sell your coins, Winter says. In the French-speaking parts of Canada, the coin is sometimes called a black cent (cenne noire) or black penny (sou noir). Many copper coins exhibit subtle qualities, when recognized, add to understanding potential value. Lutes owned the coin until his death in 2018. These dimes came to be known as Mercury Head dimes. On one side, "In God We Trust" is doubled, and "Liberty" is doubled on the other. 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. Another great American coin that specialists study intensely and avidly collect. 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! A 1944 Lincoln penny struck at the Denver, Colorado mint facility is nothing special. Two are Indian pennies, from different mints. There are about 45,000 of these coins in existence. Sold: August 2017; Heritage Auctions, Denver, CO, ANA U.S. Providing for safe handling, preserving of value and organizing your box of old coins. A penny's worth depends on its quality and rarity. Auction record: $40,250 Heritage Auctions. Like this story? Sold: October 2011; Heritage Auctions, Pittsburgh, PA, Signature Auction. In the close "AM" variety, the "FG" is closer to the building. This 1999 S penny looks almost identical to the last one on this list, except, you guessed it, the A and the M are closer together. 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." Isn't it funny how having an extra ear can make a penny valuable? These hubs are used to create metal dies, a reverse indentation of the coin design that is pressed onto a planchet to create the coin. However, a steel planchetleft over from 1943 must have found its way into the coining press. Each series page covers grading in detail. Only several dozen examples were actually found, but a lot more are thought to exist. This penny exhibits doubling on the date and lettering on the obverse. It is the most valuable Lincoln penny in the world. Value: $50,000 to $70,000+ There are few Lincoln Memorial pennies more rare or valuable than the 1969-S doubled die. 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. A short series, serving a specific demand at the time, minted 1864 to 1873. Most of them pulled the coins out of circulation. 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. to the coin's reverse, at the bottom between the two stalks of wheat. While the The Coinage Act of 1873 demonetized silver, putting an end to silver dollar production, the Bland-Allison Act was passed in 1878 in response to poor economic conditions at the time. 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. And, yes, theyre made from copper, too with one exception: steel pennies. Using a step by step method discovers how much your old pennies are worth. Coin Values Moving with Precious Metals: Up-Dated 4/17/2023: Gold $2009 | Silver $25.38. In addition to the doubling of wording, the date and "S" mint mark are also doubled. USA Coin Book has compiled a list of the most valuable US pennies ever known. Large cents, recognized by the denomination on the reverse, are worth close inspection. All Rights Reserved. All of these factors together make this the second most valuable penny in the world. Many early era copper coins in a pleasing Fine grade are very collectible and valued. Flying Eagle pennies, a short running series range in worth and desirability depending on date and condition. 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. However, after many complaints, the United States Mint changed back to the regular copper planchets beginning in 1944. 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. While some people may think that all pennies are made entirely from copper, virtually every one-cent coin made since late 1982 has a composition consisting of 97.5% zinc and 2.5% copper. Whats the big deal about the copper pennies? Penny values are date specific. It is estimated that fewer than 20 were released by each of the Philadelphia and San Francisco mints. Half Cent Values | All Half Cents are Rare. Small Pieces of Copper Worth Huge Amounts of Money. What all of this means is that 1980 pennies with no mintmark are worth around 2 to 3 cents. Minted in Denver, USA Coin Book estimated the value of this rare 1914 penny at $278 in average condition and over $3,000 in uncirculated mint condition. Any one of these coins in circulated or uncirculated condition is extremely rare. 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. In failing health, he consigned it to Heritage. Take, for instance, the popular 1909-S VDB Lincoln cent. These steel planchets were used primarily in 1943. The suspects made off with a chunk of the cargo - leaving 10-cent coins scattered around a Philadelphia . 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. Many citizens hoarded gold, silver, and copper coins as a store of wealth. 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. Early date Lincoln pennies and higher condition coins are on the move. Hereare someold copper pennies worth saving, #1 S Mint Lincoln Memorial Copper Pennies. 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. Most of these S-Mint Lincoln Memorial cents have been pulled from circulation, so they rarely turn up in pocket change anymore. Below we unveil the most valuable circulated pennies worth up to $11,128, based on recently completed eBay listings. $20 Saint Gaudens Double Eagle 1933 "King Farouk of Egypt". This is a labor of love you might say, so it is resource intensive and slow. Most people think that the silver in U.S. coins ended in 1964, but this isn't true. And,that 1:4 ratio of copper pennies to zinc Lincoln cents seems to be about my probability of finding copper one-cent coins in circulation today. These are auction records for the rarest Mercury Dime series: 1921-D: $23,500 Legend Rare Coin Auctions. But two zinc-plated steel planchets somehow ended up in the coining press in the San Francisco mint. As always, nicer, better preserved coin are always worth more. Are you concerned the precious metals train has left the station without you. This is one of the most exceedingly rare and intriguing Lincoln cents. Most Valuable Canadian Pennies 1. Of all the cents currently in circulation these pennies are worth the most money. Collectors now have another variety as part of collections. "A nice circulated example, like Lutes' coin, could sell for around $150,000 to $200,000. Tops of elements such as strands within hair, cheek, and open fields are closely judged. Brasher doubloon, initials on the chest 1787 "Ex Bushnell-Garret Collection". Coin values are determined by using the grading images to judge condition then checking the date and values on the charts provided. Real People. However, an 1877 Indian penny is rare and highly valuable. As a result, saving even a penny for a coin collection was not an option for most Americans. Here are 12 more valuable Lincoln pennies that you should definitely check for if you happen upon a very old penny. Toning of the surface continues, unless protected, to very deep shades of brown-black. Whatever the origin of the 1943 copper pennies, they are considered by the Professional Coin Grading Service to be the most desirable and valuable of all Mint errors and are highly sought-after by U.S. coin collectors. Determined by using the Grading images to judge condition then checking the.. Relative handful of bronze pennies slipped through pennies among 20 rolls of pennies or... Here are 12 more valuable Lincoln pennies that you should definitely keep your eyes for! A coin price guide where you can buy one on ebay starting at about $ 6 coin good! Her creative passions of photography, dance, and copper coins as a rule, 1873 open Indian. 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