While most Lincoln pennies are worth their face value, certain rare variations have become highly sought after by collectors, fetching impressive sums at auctions.
This article delves into seven of the most valuable Lincoln pennies, detailing their unique characteristics and notable sale prices.
1. 1943-D Bronze Wheat Penny
During World War II, the U.S. Mint shifted from copper to zinc-coated steel for penny production to conserve copper for the war effort. However, a few bronze planchets from 1942 remained in the presses and were mistakenly struck with the 1943 design.
The 1943-D Bronze Wheat Penny, minted in Denver, is among the rarest, with only one known example. This coin fetched an astounding $840,000 at auction.
2. 1909-S VDB Lincoln Cent
The inaugural year of the Lincoln cent saw the inclusion of designer Victor David Brenner’s initials, “VDB,” on the reverse. Public backlash over the prominent initials led to their swift removal, resulting in a limited mintage.
The 1909-S VDB Lincoln Cent, produced at the San Francisco Mint with only 484,000 coins, is highly coveted. Pristine examples have sold for over $100,000.
3. 1969-S Doubled Die Obverse Penny
A minting error known as a doubled die occurs when the coin’s design is struck twice, slightly misaligned, creating a noticeable doubling effect. The 1969-S Doubled Die Obverse Penny exhibits clear doubling on the date and inscriptions.
Due to its rarity and distinct appearance, specimens in excellent condition have realized prices up to $126,500.
4. 1972 Doubled Die Obverse Penny
Similar to the 1969-S, the 1972 Doubled Die Obverse Penny features prominent doubling, especially on the inscriptions “LIBERTY” and “IN GOD WE TRUST.”
While more common than the 1969-S, high-grade examples are still valuable, with some selling for $14,400.
5. 1995 Doubled Die Obverse Penny
The 1995 Doubled Die Obverse Penny showcases noticeable doubling on the word “LIBERTY” and the motto “IN GOD WE TRUST.”
This error is evident to the naked eye, making it popular among collectors. High-grade specimens have been known to sell for $5,000.
6. 1983 Doubled Die Reverse Penny
The 1983 Doubled Die Reverse Penny features doubling on the reverse side, particularly noticeable on the inscriptions “ONE CENT” and “UNITED STATES OF AMERICA.”
This error resulted from a misalignment during the minting process. Coins in mint state have fetched up to $7,050.
7. 1984 Doubled Die Obverse Penny
Known colloquially as the “Double Ear” penny, the 1984 Doubled Die Obverse Penny exhibits a clear doubling on Lincoln’s ear.
This distinct feature has made it a favorite among error coin collectors. High-quality examples have reached prices of $3,900.
7 Lincoln Pennies & Their Value
| Year | Mint Mark | Description | Notable Sale Price |
|---|---|---|---|
| 1943 | D | Bronze Wheat Penny | $840,000 |
| 1909 | S | VDB Lincoln Cent | Over $100,000 |
| 1969 | S | Doubled Die Obverse Penny | $126,500 |
| 1972 | None | Doubled Die Obverse Penny | $14,400 |
| 1995 | None | Doubled Die Obverse Penny | $5,000 |
| 1983 | None | Doubled Die Reverse Penny | $7,050 |
| 1984 | None | Doubled Die Obverse Penny (“Double Ear”) | $3,900 |
FAQs
- How can I identify a valuable Lincoln penny?
- Look for key indicators such as minting errors (e.g., doubled die), specific mint marks, and coins from rare years. Consulting a reputable coin grading service can provide a precise assessment.
- Are these rare pennies still found in circulation?
- While it’s uncommon, some of these valuable pennies can occasionally be found in circulation, especially the more recent issues. Regularly checking your change could yield a fortunate find.
- What should I do if I find a potentially valuable penny?
- Handle the coin carefully to preserve its condition and consult a professional coin appraiser or grading service to determine its authenticity and value.
- Why do minting errors increase a coin’s value?
- Minting errors are typically rare occurrences, making the affected coins unique. Collectors often seek out these anomalies, driving up their market value.
- Where can I sell a rare Lincoln penny?
- Rare coins can be sold through reputable coin dealers, auction houses, or online platforms specializing in numismatics. Ensure you have proper authentication to maximize the coin’s value.