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"The few bronze coins that were struck went unnoticed and got released into circulation.". 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. However, the flat spots do not connect, separation of high areas remain. To lower costs, the United States Mint sought to reduce the size of the penny (to its current diameter). With this many coins in circulation even the most knowledgeable of collectors needs a tool to help them sort through their 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. Sold: March 2018; Stacks Bowers; Baltimore - Session 3 - Rarities Night Including the ESM Collection. The other variety of this rare penny stamped the letters closer together, nearly touching. Its believed that less than 30 copper 1943 pennies exist from across all three mints (Philadelphia, Denver, and San Francisco) operating at that time. Up to this point, coin designers used only the first initial of their last name. We'll tell you of course what you need to look for. When an example as fine as this one crosses the auction block, it is certain to set record prices. If you are investing money in rare pennies, buy coins that are in the best condition you can afford, and always focus on purchasing coins that display original color and are in nice shape overall. The home page is an excellent index, quickly leading to the major coin series. As example, a 1909 penny has a total of six varieties. Many citizens hoarded gold, silver, and copper coins as a store of wealth. Look our for these pennies worth good money. Many of these coins exhibit wear from circulation. Note: Mint marks are used to distinguish coins by where they were minted. Along with the S mint Lincoln Memorial cents, there are several other interesting and valuable pieces to search for. These large numbers of collectors, building collections are putting a heavy demand on the rare dates and better condition coins. Older copper pennies are 95% copper and 5% something else. Carefully examine your coins for condition. So which pennies are worth money? When coins are being pressed, lubricant is used on the machine to reduce friction between parts. But thats doesnt mean Lincoln wheat pennies(which were minted from 1909 through 1958) are, as they say, chopped liver.. Flying Eagle Penny Values | Discover Their Worth. A penny's worth depends on its quality and rarity. Series are identified along with dates and mintmarks. 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. Coin. A doubled die coin of any era is usually pretty scarce to begin with, but an Indian Head cent is scarcer still. Do you have any of these coins in your penny jar? Of course, pocket change still yields plenty of copper cents. Want to know what year of pennies are worth money or just what penny variety to look for? Last year, one sold for $35,000, according to Coin World, a popular news and analysis website for collectors. Sold: January 2013; Stack's Bowers Galleries, Americana Auction. Compare your now very old Indian pennies to the series value chart. One sold at a Heritage sale in 2012 for more than $20,000, according to Coin World. (Collectors refer to the obverse of a coin as the front or "heads" side usually bearing a portrait.) And, yes, theyre made from copper, too with one exception: steel pennies. Out of all the leftover zinc-coated steel used in minting these pennies, Philadelphia produced about 30 of them. "One-cent coins have been around since the beginning of the U.S. monetary system," Stone said. "I know a couple of people who have found these in their pocket change.". Match your coins to each penny series value chart. In my 3 to 5 weekly cash transactions involving 2 to 4 pennies, I probably find between 2 and 5 copper pennies each week. It may be worth taking a look, because many of the most valuable pennies on this list were made in the 20th century. They also offer professional coin grading. 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. Its just not worth it. 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. 2 cent coin value is steadily increasing over the long term. Small cents, by the way, are 19.1 millimeter diameter pennies that have been produced by the United States Mint since 1856. In 1909, The United States Mint replaced the Indian Head penny with the Lincoln cent. Within a series, invariably certain dates are the commonly found issues. Only several dozen examples were actually found, but a lot more are thought to exist. Each series page covers grading in detail. USA Coin Book has compiled a list of the most valuable US pennies ever known. They also offer professional coin grading. The Indian Head penny was designed by mint engraver James B. Longacre and was first issued in 1859. Step 1 image and text links lead to series pages of in-depth coverage. Its possible these coins may be hiding in the basement, inside an attic box, or even inside your penny jar. Using a step by step method discovers how much your old pennies are worth. The 1914-S Lincoln cent is by no means a rare coin. The coppery color of modern-day pennies is merely a thin plating of copper on a 99.2% zinc, 0.8% copper core. The 1969-S doubled die penny is among the most valuable Lincoln Memorial pennies, which were minted from 1959 through 2008. Minted 1793 to 1857; value charts list date and condition ranges of values. While the front of the 1983 Lincoln Memorial Cent looks perfectly ordinary, the back might have a particularly lucrative error. Bottom line: The 1955 Doubled-Die Obverse (DDO) Penny is one of the most famous examples of design doubling on coinage. 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. Professional Coin Grading Serviceoffers a coin price guide where you can search for the current value of collectible coins. 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. Thanks! This coin is the second example of a 1943 Lincoln cent that should have been struck on a zinc-plated steel planchet but was instead coined on a bronze planchet. Additional video helps to identify many subtle points to grading coins. Some of these cents can become extremely valuable for coin collectors, like the first place on our list that reaches $100,000! The most elusive of these coins was owned by George Walton, the youngest signer of the Declaration of Independence. If it sticks, it's not copper. Additionally, it has been sufficiently well preserved to retain its original bright red-copper color. Stay up to date with everything about U.S Coins, We dont spam! The DDO on the coin has a very clear doubling on the lines "In God We Trust" and "Liberty." In honor of George Washingtons 200th birthday, the U.S. government held a competition to redesign the quarter. Similar to the 1969 Doubled Die, the doubling on this penny is especially prominent in the words "LIBERTY" and "IN GOD WE TRUST" with some light doubling on the date, said Stone. 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. Lincoln pennies minted from 1959 to 1982 are made of 95 percent copper and have about 2.5 cents worth of copper in them. Coins that are in higher grades, come under suspicion that they may have been helped by a mint employee. Series are identified along with dates and mintmarks. As a result, demand for United States coinage was at an all-time low, and families struggled to make ends meet. 1969-S Doubled Die Penny. "The then 16-year-old Lutes received the copper-colored penny in change at his high school cafeteria in 1947," David Stone, a coin cataloger for Heritage, told CNBC Make It. In the coin-making process, a working hub is a metal punch that looks like the surface of the coin. These coins arent particularly valuable and are listed from about $2 to $50 on ebay. Of all the modern Lincoln cents the Wheat Penny stands out the most. While most pennies are only worth a few bucks, highly coveted ones might be sitting in your pocket or stuck somewhere in your couch. The 1969-S (San Francisco Mint) is no exception, and its not only one of the most expensive small cents, but also the priciest among the Lincoln Memorial series. Some of these Wheat pennies are not as common as once believed. "Several prototypes for the cent were produced in 1792, including the large Birch cent.". 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. Extremely Fine Grade: Very light wear is noticeable in the Extremely Fine grade. Sold: October 2011; Heritage Auctions, Pittsburgh, PA, Signature Auction. Accurate recognition of dates also becomes important when separating variety and value. So, check your change and coin roll hunt too! Of all the cents currently in circulation these pennies are worth the most money. Condition is one of the subtle steps affecting penny values. 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. "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. For 2008, the U.S. Mint decided to modify the reverse design of Silver Eagle coins. 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. 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? But it is scarce to find an uncirculated 1926-S Lincoln penny with its original copper-red color. Whats the easiest way to search for copper pennies? The full backside of the coin is doubled. This made is difficult for the federal government to obtain the metal needed for minting coins. 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. Confirm your coin as a half cent by denomination on reverse. 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. An uncirculated example in its original mint state red color is extremely rare and valuable. PCGS offers a coin price guide where you can search for the current value of collectible coins. 1873 doubled Liberty Open 3 Indian Head penny, $1,650 This is simply another version of the 1873 doubled die Indian Head penny. Like this story? Sold: August 2014; Heritage Auctions, Chicago, IL, ANA US Coins Signature Auction. Only nine other Lincoln wheat pennies have a lower mintage. One example circulated for a while before being picked up by a collector. Nearly all of the 1943 Lincoln Wheat Cent produced are steel cents, but there were some that used copper planchets in addition to the steel. Some pennies, originally worth a single cent, are now worth thousands of dollars. Whether you collect Flying Eagle pennies, Indian Head pennies, or Lincoln pennies, you will find that the market for rare pennies is quite active. Search and sort using the search box and form below. 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. Most Valuable US Pennies - Highest Value 1 Cent Coins USA Coin Book has compiled a list of the most valuable US pennies ever known. 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. However, experts with PCGS believe there are potentially up to 150,000 of these coins in existence. 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. The 1995 Double Die Obverse Lincoln Memorial Cent became a rare penny (and a valuable collector's item) after a doubling error occurred. 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." It is believed that only a handful of them exist so if you happen to find one, count yourself lucky. 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. Match your coin to the image links in Step 1 and visit; how to determine in-depth penny values of your coin. $18,872,250. As a result, most of these pennies went into circulation. Easily sort and value your coins, an important step in preparing for selling and finding coin buyers. It looks like you're seeing double," said Bucki. And some coins are made more valuable simply by being unintentional, as with the 1943 Lincoln pennies that were mistakenly made with bronze rather than steel. *All auction records are from the Professional Coin Grading Services (PCGS). Step 1 above are image links to match your coin. Silver Half Dollars. 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. Recommendations on basic supplies that greatly improve coin storage. 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. 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 Be sure to check your change for this one! He estimates that a coin in new condition could be worth around $500, while a used one could fetch up to $45. Why are they important to many coin collectors? It's also one of my favorite coins! The most exciting thing is you can find some of these rare, valuable pennies easily because they're still in circulation. Below we unveil the most valuable circulated pennies worth up to $11,128, based on recently completed eBay listings. The coppery color of modern-day pennies is merely a thin plating of copper on a 99.2% zinc, 0.8% copper core. In commemoration of the bicentennials of the Louisiana Purchase and the Lewis and Clark expedition, the U.S. Mint resurrected the bison design as part of the four-coin Westward Journey Nickel Series. 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! 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. Most of them pulled the coins out of circulation. Are you concerned the precious metals train has left the station without you. By the end of the 1950s, they had become a hot coin collector item and remain so to this 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. The Philadelphia mint produced about 20 bronze/copper coins in 1943, making this one incredibly rare and valuable. Half Cent Values | All Half Cents are Rare. All Rights Reserved. Sold: September 2010; Legend Numismatics, Private Sale. Note that the price youre likely to get for even the rarest coins will typically be affected by the condition of the coin. 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. *Values are for coins in Extremely Fine-40 grade. Compare and identify your coin to the picture, click on the image, and go immediately to your old coin value. Coin. Five coins were confiscated and destroyed before they were acknowledged as being genuine. Whats the big deal about the copper pennies? Large cents with pleasing surfaces, lacking deep marks are somewhat elusive and special coins. 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. 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. "These are one of the easiest valuable pennies to find," he said. Coin Chart: Tap a '+' sign to expand further coin details. After all, over 4 million of them minted at the San Francisco mint. CoinTrackers.com is an invaluable resource dedicated to helping the coin collector and silver community. Sold: January 2004; Heritage Auctions, Orlando, FL, FUN Signature Auction. Coins Signature Auction. Here's a rundown of 10 of the most expensive pennies made since 1900: 1. (adsbygoogle = window.adsbygoogle || []).push({}); CoinTrackers.com is an invaluable resource dedicated to helping the coin collector and silver community. But two zinc-plated steel planchets somehow ended up in the coining press in the San Francisco mint. From half cents, large cents, Indian pennies, and Lincoln cents all have unique examples of value added by special qualities. 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. Sold: August 2008; Heritage Auctions, Baltimore, MD, ANA US Coin Signature Auction. Special qualities are examined and highlighted within each series. 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 the bison series, there were several coins discovered to have a large die gouge a raised feature that appears on a coin when a die is damaged. Coins are in order from Most to Least expensive. Most Valuable Quarters: A List Of Silver Quarters & Other Rare Quarters You Should Hold Onto! 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. 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. Providing for safe handling, preserving of value and organizing your box of old coins. A 1933-D, for example, may be valued at $2.30 or more. Before you leave remember to share this page with your friends on your favorite social media platform to help us grow. As a rule, 1873 open 3 Indian cents are more common than the closed 3 variety. 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. After 1964, a new alloy was used that eliminated silver, which is still in circulation today. In 1969, two men named Roy Gray and Morton Goodman began producing fake 1969 Doubled Die Lincoln cents and other counterfeit coins. When the right coin is available and is needed for their collection, none hesitate to pay. You do the same comparing to images of the different grades and matching your coin. Some auction houses offer free evaluations. Its reverse contains two ears of wheat, and the words One Cent, United States of America, and E Pluribus Unum. Here are 12 more valuable Lincoln pennies that you should definitely check for if you happen upon a very old penny. Two are Indian pennies, from different mints. The doubling on the 1969-S Doubled Die Obverse is especially prominent in the words "LIBERTY" and "IN GOD WE TRUST," he said. If you think you've found a valuable penny, Stone suggests consulting a professional. The collector also ensured that the coin was correctly stored to preserve its color. Until then Philadelphia produced all cent and two cent denominations. As a result, a majority of the 1941-D Lincoln pennies are in circulated condition. 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). She is also the co-author of "The Geek Gap" and vice president of the American Society of Journalists and Authors. 1856 through 1858 cents stand out as sought-after collector coins because of the bold flying eagle design. Bucki estimates that at least 250,000 coins released with the doubled die. Within the different series of copper US coinage are certain qualities setting one coin apart from others. 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. There are more than 10 doubled dies for the 1972 Lincoln cent, but Type 1 is the most valuable. Roughly 250,000 of these pennies were minted, he said. To identify this ultra-valuable penny, take a close look at the date and mint mark. 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. In the case of this rare 1917 penny, the words "In God We Trust" are doubled. 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. This post may contain affiliate links. Without further ado, my Top 10 Rare Canadian Pennies!

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