Since this coin exhibits evidence of circulation and must have exited the mint via regular distribution channels. Double-die pennies, coins struck twice by a metal die during the minting process resulting in doubled artwork . A penny's worth depends on its quality and rarity. 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. Of all the cents currently in circulation these pennies are worth the most money. 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. Comparing the coins in the image; nicely toned, circulated examples project pleasing eye appeal. There are estimated to be about 15-20,000 of these pennies still in existence, though there are many counterfeits on the market. Sold: January 2013; Stack's Bowers Galleries, Americana Auction. 2010 - 2023 USA Coin Book. The close "AM" version is the more valuable penny of the two. Selling Wheat Pennies and Receiving the Highest Price. Two are Indian pennies, from different mints. Discover all the rare varieties, dates and mintmarks. It is estimated that fewer than 20 were released by each of the Philadelphia and San Francisco mints. The DDO on the coin has a very clear doubling on the lines "In God We Trust" and "Liberty." This coin had a doubled "D" mint mark thats easily visible. Take, for instance, the popular 1909-S VDB Lincoln cent. Both the 1943 copper Lincoln cent and 1944 steel Lincoln penny are worth an incredible amount of money because they're so rare. *All of the coin values listed from 1958 or earlier came from USA Coin Book, unless otherwise noted. A doubled die coin of any era is usually pretty scarce to begin with, but an Indian Head cent is scarcer still. Large cents with pleasing surfaces, lacking deep marks are somewhat elusive and special coins. All of these factors together make this the second most valuable penny in the world. Special qualities are examined and highlighted within each series. Sold: February 2016; Heritage Auctions, Long Beach, CA, US Coins Signature Auction. All Wheat Pennies are worth at least three times face value, but of course many are worth substantially more especially the key date Wheat pennies. The most exciting thing is you can find some of these rare, valuable pennies easily because they're still in circulation. 1969 Washington Quarter. When the U.S. switched from bronze alloy to zinc-plated steel pennies in 1943, only a relative handful of bronze pennies slipped through. Often it is these subtle points elevating a coin to solid collector quality and appeal. Many copper coins exhibit subtle qualities, when recognized, add to understanding potential value. Scarcity and rarity from one date to the next vary greatly within each series. It simply is a regular-issue piece that was struck in relatively low numbers. And, yes, theyre made from copper, too with one exception: steel pennies. This only takes place in the small date version. An excellent picture index of all major US coin series. Pennies that are older typically hold more value. Of course, pocket change still yields plenty of copper cents. In fact, only 852,500 were originally minted, and only a small fraction of 1877 pennies from the original mintage remain today. Half cents are a series with many examples in very worn condition. In 2005, a collector discovered that some of these Sacagawea Cheerios Dollars had detailed veins in the eagles' tail feathers. For 2008, the U.S. Mint decided to modify the reverse design of Silver Eagle coins. Coins that are in higher grades, come under suspicion that they may have been helped by a mint employee. In the case of this rare 1917 penny, the words "In God We Trust" are doubled. This post may contain affiliate links. 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! Confirm your coin as a half cent by denomination on reverse. 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. Most Valuable US Pennies - Highest Value 1 Cent Coins USA Coin Book has compiled a list of the most valuable US pennies ever known. Sold: September 2010; Legend Numismatics, Private Sale. Some of these cents can become extremely valuable for coin collectors, like the first place on our list that reaches $100,000! 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. 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. But steel pennies are a topic for another article. Valuable because they are so popular. The coppery color of modern-day pennies is merely a thin plating of copper on a 99.2% zinc, 0.8% copper core. This is the second-lowest number of 1943 Lincoln pennies on bronze planchets produced at any of the United States Mint locations. 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. 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? $18,872,250. This one's going to be tough to find in circulation, but since it was produced after the 1950s, we had to include it. Coin. Sold: August 2017; Heritage Auctions, Denver, CO, ANA U.S. Sold: March 2014; Heritage Auctions, Atlanta, GA, ANA National Money Show US Coins Signature Auction. In my 3 to 5 weekly cash transactions involving 2 to 4 pennies, I probably find between 2 and 5 copper pennies each week. As of this writing, theyre worth 2 to 3 cents each due to their copper value. On the surface, there is nothing visually spectacular about this coin. However, what is known for sure is that the 1922 no-D penny is quite scarce and in high demand among coin collectors. We offer reliable real coin melt conversions and hand written stats on each and every coin in our database. A used one of these might be worth about $100, while a cleaner one could go for $500, he said. 1856 through 1858 cents stand out as sought-after collector coins because of the bold flying eagle design. Here are some examples of pennies that are worth looking out for: 1. 1. If you ever come across one of these rare pennies, don't use it on a parking meter. Each of these coins are worth around $1 million if they are in good . That means about 20% of the pennies passing through my hands in those rolls were copper ones. 7 Rare Wheat Pennies Worth Collecting & What Theyre Worth, Lincoln Semi-Key Coins Versus Key Coins And Their Values, Most Valuable Pennies: A List Of The 43 U.S. Pennies Worth Holding Onto, Double Your Money Selling Copper Pennies By The Pound, 5 Money-Saving Tips For Collecting Lincoln Pennies. Visit the series page for value charts and details on how to value your old penny. These coins arent particularly valuable and are listed from about $2 to $50 on ebay. (adsbygoogle = window.adsbygoogle || []).push({}); CoinTrackers.com is an invaluable resource dedicated to helping the coin collector and silver community. Bucki estimates that at least 250,000 coins released with the doubled die. 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. To identify this ultra-valuable penny, take a close look at the date and mint mark. 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. Use the table below to find out. Coins Found in Pocket Change. This one, however, can earn you more than $1,000. Prior to this date, pennies were large and bulky and were almost the size of a half-dollar. 1969-S Doubled Die Penny. 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. As a result, saving even a penny for a coin collection was not an option for most Americans. $9,360,000. Here's a rundown of 10 of the most expensive pennies made since 1900: 1. 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. 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. The chosen design proposed by New York sculptor John Flanagan was minted on a silver alloy from 1932 to 1964, with the exception of 1933. This coin was heavily circulated and was commonly subjected to the widespread use of "penny boards" in the 1930s and 40s, which people use to collect coins from circulation. 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. Auction record: $6,000 Heritage Auctions. Minda Zetlin is a freelance writer covering business, money, tech and collectibles. !To check out o. 1803 Draped Bust Silver Dollar - This is one of the rarest and most valuable coins, and only four of them are known to exist. Why are they important to many coin collectors? It's also one of my favorite coins! The most elusive of these coins was owned by George Walton, the youngest signer of the Declaration of Independence. This is a labor of love you might say, so it is resource intensive and slow. Extremely Fine Grade: Very light wear is noticeable in the Extremely Fine grade. Close-up images and descriptions of grades are used to judge condition. In the coin-making process, a working hub is a metal punch that looks like the surface of the coin. So What Pennies Are Worth Money? What all of this means is that 1980 pennies with no mintmark are worth around 2 to 3 cents. So, dont do it. 1982 Lincoln Penny. Today, these coins are all accounted for, and two are on display in museums. I primarily collect and study U.S. coins produced during the 20th century. Sold: January 2006; Heritage Auctions, Orlando, FL, FUN Signature Auction. As a rule, 1873 open 3 Indian cents are more common than the closed 3 variety. One variety had a widely spaced "AM" in the word "America.". Valuable coins list 2022/2023. Beginning approximately halfway through the mintage of 1864 pennies, an "L" was added to the tail of the ribbon in the war bonnet on Lady Liberty's head. This double die is easy to see with the naked eye, with: Auction record: $14,400 Heritage Auctions. This act required the U.S. government to purchase large quantities of silver and turn them into silver dollars, which were called Morgan Dollars after their designer, George T. Morgan. 2 cent coin value is steadily increasing over the long term. In fact, in 2019, a 1943 bronze Lincoln cent sold at auction for $204,000, and in 2015, a Birch cent, one of America's first pennies, was bought for $2.6 million dollars. 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. Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. Silver Half Dollars. Another double-died error can be found on the 1984 Lincoln Memorial Cent. Accidents can produce the rarest coins. Flying Eagle Penny Values | Discover Their Worth. *All auction records are from the Professional Coin Grading Services (PCGS). What follows are the 11 through 25th most valuable pennies: 1917 doubled die Lincoln Wheat Penny, $1,350 1909-S VDB Lincoln Wheat Penny, $1,025 1869/9 Indian Head penny, $865 1858/7 Flying Eagle penny, $760 1914-D Lincoln Wheat Penny, $760 1909-S Indian Head penny, $750 1872 Indian Head penny, $625 1869 Indian Head penny, $450 (Most pennies minted that year have very definite spaces between those letters.). Flying Eagle pennies, a short running series range in worth and desirability depending on date and condition. Thieves in Philadelphia broke into a truck filled with $750,000 (598,000) worth of dimes. Most of them pulled the coins out of circulation. Its just not worth it. *Values are for coins in Extremely Fine-40 grade. Our most valuable pennies list includes coins starting in 1856 up to the present (2023) - including rare penny errors and rare varieties that could still actually be found in pocket change. The 1913 Liberty Nickel was produced by the U.S. Mint, with only five coins believed to be in existence. Real Experiences. Keep coin roll hunting and a. Although the 1909-S Indian Head Penny has a smaller mintage, more of them were saved in uncirculated condition. 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. The United States government banned melting copper pennies in 2006. Heres a list of the top 25 most valuable pennies: 1943-S copper Lincoln Wheat Penny, $185,000 The 1943-S copper cent is the one of the most valuable small cents, with one example having sold for a cool $1 million at an auction in 2012. Of all the modern Lincoln cents the Wheat Penny stands out the most. Until then Philadelphia produced all cent and two cent denominations. Match your coins to each penny series value chart. 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. This created an overnight sensation among coin collectors, and this penny has become known as the "Holy Grail" for collectors of Lincoln pennies. Although the doubling is not as dramatic as the 1955 doubled die obverse, it is evident with low-level magnification. 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. When coins are being pressed, lubricant is used on the machine to reduce friction between parts. Her greatest joy is spending time with her two kids and dabbling in her creative passions of photography, dance, and art. You Could Find This Rare Penny In Your Pocket Change Heres What To Look For, 1968-S, 261,311,510 business strikes minted, 1960-D/D Small Date Over Large Date, $100. 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. So searching coin rolls is a much faster way to build your hoard of copper pennies than by simply pulling old coins out of spare change alone. And heres the story behind zinc pennies. So, check your change and coin roll hunt too! Are you concerned the precious metals train has left the station without you. That said, we realize that some people might still be using these pennies to buy things without realizing their value. Up to this point, coin designers used only the first initial of their last name. 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. Most Valuable Canadian Pennies 1. 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. Isn't it funny how having an extra ear can make a penny valuable? Penny values are date specific. Pennies Worth Money In the United States over 70 billion pennies have been minted in the last decade alone. These are auction records for the rarest Mercury Dime series: 1921-D: $23,500 Legend Rare Coin Auctions. Some pennies, originally worth a single cent, are now worth thousands of dollars. Read more in our privacy policy. This is an indication that they were not "helped" by some unscrupulous mint employee. Due to its value, some counterfeits were created with steel cores. In honor of George Washingtons 200th birthday, the U.S. government held a competition to redesign the quarter. The four currently operating U.S. Mints are: Auction record: $2,185 Heritage Auctions. On April 25, 2013, a coin owned by Walton family heirs once believed to be fake was authenticated as the real fifth coin. 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. In this case, the wide "AM" version is just as sought after as the close "AM" version. CashforGoldUSA is our top choice for selling coins for scrap because: Get money for your coins today with CashforGoldUSA >>. The 1922 Lincoln Wheat Cents were minted at the Denver Mint using a "D" lettered coin die. How often have you found an S mint Lincoln Memorial copper penny in pocket change? 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. Stone estimates that a coin in good condition could sell for up to $45. Carefully examine your coins for condition. 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. 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. 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). "I've found one myself.". A close examination of Lincoln's ear shows a definitive double stamp. Heritage auctioned a similar one in slightly lower grade for $186,000 earlier this month," he said. While most pennies are only worth a few bucks, highly coveted ones might be sitting in your pocket or stuck somewhere in your couch. So far, this article has been mainly centered around looking for copper Lincoln Memorial cents which were minted from 1959 through 1982. So which pennies are worth money? In 1944, Lincoln pennies were reverted to the original bronze alloy made of 95 percent copper and 5 percent tin. Condition is judged comparing to images, video and descriptions. 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. You're likely to be offered a small fraction of what they're worth.. All Rights Reserved. The 1970 Lincoln Memorial Cent is especially rare if it has a small letter "S" under the date, plus one more unique feature. Leighann Bacher is a writer/editor based in Pittsburgh. 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. It's not going to really give you an accurate value, but it'll give you an idea of what the value is relative to the most common issue of a type.. The most valuable 1980 penny with no mintmark sold for $2,232.50 in a 2017 auction. The 1914-S Lincoln cent is by no means a rare coin. While mintage numbers tell part of the story about a coins rarity, they dont show you a complete picture. It turns out that not every penny is worth just one cent - some could actually be worth hundreds of thousands of dollars. These coins are also known as Winged Liberty Head dimes. 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. This example is not only uncirculated, but it is extremely well preserved and shows a minimal amount of bag marks from the minting process. Toning begins immediately and starts to deepen the colors turning shades of brown. And they represent the introduction of the modern small cent size. Coin Chart: Tap a '+' sign to expand further coin details. Get DIY project ideas and easy-to-follow crafts to help you spruce up your space. These are the auction records for the rarest Morgan Silver Dollars series: As part of a General Mills promotion in 1999, 5,500 Sacagawea Dollars were placed inside every 2,000th box of Cheerios. You'll also spot a faintly visible ghost-like "D" mintmark floating halfway above the primary "D" mintmark. To lower costs, the United States Mint sought to reduce the size of the penny (to its current diameter). The 1958 Doubled-Die Obverse penny is one of the rarest pennies ever made. 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. He estimates that a coin in new condition could be worth around $500, while a used one could fetch up to $45. The other variety of this rare penny stamped the letters closer together, nearly touching. Im also the editor at the Florida United Numismatists Club (FUN Topics magazine), and author of Images of America: The United States Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). Actually, 1856 Flying Eagle pennies were made as a pattern coin, and while many of them circulated, the series wasnt intended to be produced on a mass scale yet not until 1857, anyway. 2. In 1969, two men named Roy Gray and Morton Goodman began producing fake 1969 Doubled Die Lincoln cents and other counterfeit coins. Stone estimates that 15 to 20 are known to collectors today, although it's possible that there are a few that have not yet been accounted for. He has over 50 years of numismatic and writing experience, including a monthly magazine column for the American Numismatic Association. The 1958 Doubled-Die Obverse penny is one of the rarest pennies ever made. Penny values span a wide range. 1873 doubled Liberty Open 3 Indian Head penny, $1,650 This is simply another version of the 1873 doubled die Indian Head penny. They also offer professional coin grading. Below we unveil the most valuable circulated pennies worth up to $11,128, based on recently completed eBay listings. USA Coin Book estimated the value of this expensive penny at $917 in just average condition, but it could be worth almost $2,000 in tip-top shape. My love for coins began when I was 11 years old. Any one of these coins in circulated or uncirculated condition is extremely rare. Each design has high points judged to detect any smoothing and removal of luster. At Coin Values, we are always staying on top of the latest changes in coin prices, and we have a list of the top 25 most valuable pennies. 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. This penny exhibits doubling on the date and lettering on the obverse. While most pennies are only worth a few bucks, highly coveted ones might be sitting in your pocket or stuck somewhere in your couch cushions. In 1909, The United States Mint replaced the Indian Head penny with the Lincoln cent. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Privacy Policy & Terms | For the world's rarest and most coveted pennies, values are well over $100,000 and approaching $2 million. It was soon learned that only the Denver Mint struck pennies in 1922, and one-cent coins without a mint mark but bearing that date were in fact mistakes. 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. Large cents, recognized by the denomination on the reverse, are worth close inspection. However, after many complaints, the United States Mint changed back to the regular copper planchets beginning in 1944. Charts and details on how to value your old penny looks like the surface of the pennies! 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On our list that reaches $ 100,000 even a penny for a coin in good condition could for! Coin has a smaller mintage, more of them were saved in uncirculated condition is judged comparing to images video!, like the first initial of their last name short running series range in worth and depending! Of numismatic and writing experience, including a monthly magazine column for the American Association... As sought-after collector coins because of the rarest pennies ever made,,! Can be found on the surface, there is nothing visually spectacular about this coin hundreds. Starts to deepen the colors turning shades of brown the next vary greatly within each series not penny!