The 1913 Liberty Nickel was produced by the U.S. Mint, with only five coins believed to be in existence. A close examination of Lincoln's ear shows a definitive double stamp. 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. Good Grade: Heavy wear and a lack of remaining design is typical of a penny in Good grade. 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. 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. How to determine penny values begins with identifying the denomination and series. This coin was first discovered in 1970 and was reported by Coin World on the front page in its July 8, 1970 edition. Leighann Bacher is a writer/editor based in Pittsburgh. Auction record: $4,560,000 Stack's Bowers. Step 1 above are image links to match your coin. Two are Indian pennies, from different mints. Many of these coins exhibit wear from circulation. This is the second-lowest number of 1943 Lincoln pennies on bronze planchets produced at any of the United States Mint locations. You can also find pennies from the 1920s, 1930s, 1940s and . All Lincoln wheat pennies are worth a minimum of 3 to 5 cents each, though many are worth more. Pre-1960 Lincoln Wheat Pennies: These pennies were produced between 1909 and 1958 and feature an image of Abraham Lincoln on one side and wheat stalks on the other. (adsbygoogle = window.adsbygoogle || []).push({}); CoinTrackers.com is an invaluable resource dedicated to helping the coin collector and silver community. Close-up images and descriptions of grades are used to judge condition. How to Find Rare Coins Worth Money and Wanted by Collectors. While mintage numbers tell part of the story about a coins rarity, they dont show you a complete picture. Bucki estimates that 1,000 or less were made before the Mint discovered its error. 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. 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. 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. Value: $50,000 to $70,000+ There are few Lincoln Memorial pennies more rare or valuable than the 1969-S doubled die. Valuable because they are so popular. Designed by sculptor A.A. Weinman, the new dime featured a portrait of Lady Liberty facing left and wearing a winged headpiece, which made her appear like the Roman god, Mercury. 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. 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. In fact, only 852,500 were originally minted, and only a small fraction of 1877 pennies from the original mintage remain today. Carefully examine your coins for condition. Officially, theyre worth only face value if worn, but Ive seen many circulated S-mint Lincoln Memorial cents selling at coin shops for 5 to 10 cents. Additionally, it has been sufficiently well preserved to retain its original bright red-copper color. The better the quality of the coin, the more it could be worth. This penny is the undisputed "King" of Canadian Pennies! This created an overnight sensation among coin collectors, and this penny has become known as the "Holy Grail" for collectors of Lincoln pennies. Mint State Grade: A coin with no wear to the surface is considered Mint State grade. Like this story? This is an indication that they were not "helped" by some unscrupulous mint employee. Additionally, they can help get your coin certified by a grading service and guide you through the entire selling process. Most uncirculated 1980 pennies are worth 10 to 30 cents apiece. 1969 Washington Quarter. After 1964, a new alloy was used that eliminated silver, which is still in circulation today. Lincoln pennies minted from 1959 to 1982 are made of 95 percent copper and have about 2.5 cents worth of copper in them. Almost every collector of United States coins began collecting the Lincoln penny. The 1995 Double Die Obverse Lincoln Memorial Cent became a rare penny (and a valuable collector's item) after a doubling error occurred. 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. Five coins were confiscated and destroyed before they were acknowledged as being genuine. To lower costs, the United States Mint sought to reduce the size of the penny (to its current diameter). Series are identified along with dates and mintmarks. Why are they important to many coin collectors? "One-cent coins have been around since the beginning of the U.S. monetary system," Stone said. Real Experiences. Condition is another; coins that stayed out of circulation may retain their original coloring and fine details, significantly adding to their value. Most of these S-Mint Lincoln Memorial cents have been pulled from circulation, so they rarely turn up in pocket change anymore. 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. 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. With so many rare coins out there, being a "penny pincher" might not be such a bad thing after all. These coins in circulated condition are also valuable, but uncirculated coins are extremely rare. 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. Coins Signature Auction. You can also find information about popular coins in The Red Book, A Guide Book of United States Coins 2022 75th Edition. Coins are in order from Most to Least expensive. Visual qualities are part of value. If you think you've found a valuable penny, Stone suggests consulting a professional. Stay up to date with everything about U.S Coins, We dont spam! Mintmarks became important to penny values starting in 1908. 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. Toning of the surface continues, unless protected, to very deep shades of brown-black. I primarily collect and study U.S. coins produced during the 20th century. Dealers and collectors identify the different stages of wear separating coins from the most worn to the least and each is assigned a "Grade". They are usually dark brown in color, but occasionally red. These are some of the most valuable coins in circulation, based on PCGS record auction pricing: Online appraisals for valuation and selling purposes are available for free, including by auction houses that will list your item. 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. On April 25, 2013, a coin owned by Walton family heirs once believed to be fake was authenticated as the real fifth coin. Within the different series of copper US coinage are certain qualities setting one coin apart from others. 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. Because not many of these pennies were minted, proof coins of either variety are valuable. For the world's rarest and most coveted pennies, values are well over $100,000 and approaching $2 million. 1. Proceeds of the sale went to the Berkshire Athenaeum in his hometown of Pittsfield, Massachusetts, according to the Dallas-based auction house. The 1909 Indian cent series also has many high-value coins. Sold: March 2014; Heritage Auctions, Atlanta, GA, ANA National Money Show US Coins Signature Auction. Record Price. The full backside of the coin is doubled. He has over 50 years of numismatic and writing experience, including a monthly magazine column for the American Numismatic Association. Some auction houses offer free evaluations. 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." There is no noticeable bag mark on the coin's surface, and it has retained its original bright red-orange copper color. Wheat pennies begin at 2 cents to highs found with early colonial large cents valued in the thousands. 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. Most people think that the silver in U.S. coins ended in 1964, but this isn't true. Confirm your coin as a half cent by denomination on reverse. What makes this particular coin extremely valuable is its pristine condition despite being over 100 years old. Subscribe to CNBC Make It on YouTube! But coins hold their value remarkably well. This coin had an RRP of $80 and a mintage of just 5,000. This post may contain affiliate links. A 1933-D, for example, may be valued at $2.30 or more. 1944 Steel Cents 1944 Steel Wheat Penny struck in San Francisco Mint. 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. 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 front of the 1983 Lincoln Memorial Cent looks perfectly ordinary, the back might have a particularly lucrative error. 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. 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. As example, a 1909 penny has a total of six varieties. The most exciting thing is you can find some of these rare, valuable pennies easily because they're still in circulation. 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. Along with the S mint Lincoln Memorial cents, there are several other interesting and valuable pieces to search for. For example: the reverse of a Lincoln cent features fine parallel lines in the "wheat" design. Real Helpful. 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. Isn't it funny how having an extra ear can make a penny valuable? From rare dates to rare very small details, if they are in your box you will find the rare pennies. Although it may sound like a lot, the average mintage numbers are usually in the millions! A typical example, such as an Indian penny in fine grade, has flat areas within the hair and face and above her eye. There's also a subtle doubling of the mint mark. Bottom line: OK, we'll admit it. There's also some light doubling on the date. Doubled dies are created when the hub imprints an additional image onto a die or stamp causing some misalignment. The collector also ensured that the coin was correctly stored to preserve its color. We'll tell you of course what you need to look for. Coin Chart: Tap a '+' sign to expand further coin details. A case for needed reform . But there are several valuable pennies worth money, much more than just a few cents apiece. 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. Use the table below to find out. A penny or cent is one-hundredth of a dollar, which means a hundred cents or pennies make a dollar. Accidents can produce the rarest coins. Sold: August 2007; Heritage Auctions, Milwaukee, WI, ANA Signature Coin Auction. Most Valuable Quarters: A List Of Silver Quarters & Other Rare Quarters You Should Hold Onto! Most major and minor design features are now a flat surface. For official written appraisals for insurance and estate planning, expect to pay $75 to $150+ per hour. The Half Dollar coin had silver in it until 1970. All of these factors together make this the second most valuable penny in the world. "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. The 1914-S Lincoln cent is by no means a rare coin. 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 few bronze coins that were struck went unnoticed and got released into circulation.". Most of these coins were discovered in bank wrapped rolls in the Tucson and San Antonio areas. Brenner added his initials V.D.B. 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. Sold: January 2008; Heritage Auctions, Orlando, FL, FUN Signature Coin Auction. Similar to the 1972 penny mentioned, the 1971 S penny has a doubling error on both sides. So, check your change and coin roll hunt too! 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. Although the 1909-S Indian Head Penny has a smaller mintage, more of them were saved in uncirculated condition. However, experts with PCGS believe there are potentially up to 150,000 of these coins in existence. 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. Comparing the coins in the image; nicely toned, circulated examples project pleasing eye appeal. Sold: August 2008; Heritage Auctions, Baltimore, MD, ANA US Coin Signature Auction. That said, we realize that some people might still be using these pennies to buy things without realizing their value. Large cents with pleasing surfaces, lacking deep marks are somewhat elusive and special coins. Coins that are in higher grades, come under suspicion that they may have been helped by a mint employee. 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. 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. As a result, saving even a penny for a coin collection was not an option for most Americans. Estimated coin prices and values in our database are updated twice per year. Whats the easiest way to search for copper pennies? 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. The Value of an Indian Penny | Very Solid. 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're likely to be offered a small fraction of what they're worth.. Lincoln Memorial pennies are very common, and you can find most dates in circulation today. Bucki estimates that a 1992 Close AM coin in fairly new condition could be worth about $20,000, while a used one could sell for around $2,000 to $3,000. 1982 Lincoln Penny. Search and sort using the search box and form below. Coins are in order from Most to Least expensive. Condition is judged comparing to images, video and descriptions. Im the Coin Editor here at TheFunTimesGuide. The 1958 Doubled-Die Obverse penny is one of the rarest pennies ever made. 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. 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. One time, I found about200 copper pennies among 20 rolls of pennies, or $10 worth of one-cent coins. In 1955, the Mint accidentally struck a working hub and a working die together when they were both slightly rotated differently from one another, leaving a double die impression. We offer reliable real coin melt conversions and hand written stats on each and every coin in our database. This only takes place in the small date version. Many copper coins exhibit subtle qualities, when recognized, add to understanding potential value. What sets this special penny apart from the crowd is a doubling of the date, with a smaller set of digits appearing on top of the larger set. In fact, their numismatic values makes them worth more than most Lincoln Memorial pennies. Their demand is supporting strong values, high condition examples are avidly sought. When the right coin is available and is needed for their collection, none hesitate to pay. The odds are long, but they're still well worth searching for. Using a step by step method discovers how much your old pennies are worth. Coins Found in Pocket Change. Within a series, invariably certain dates are the commonly found issues. The 1955 Doubled-Die Obverse (DDO) Penny is one of the most famous examples of design doubling on coinage. A very popular and recognizable coin; from beginner to advanced collectors, all enjoy the collecting of Indian Head pennies. In my 3 to 5 weekly cash transactions involving 2 to 4 pennies, I probably find between 2 and 5 copper pennies each week. Early date Lincoln pennies and higher condition coins are on the move. Both sites have an A+ Better Business Bureau rating, payments within 24 hours, and a 100% customer satisfaction guarantee. All Rights Reserved. When an example as fine as this one crosses the auction block, it is certain to set record prices. All coins in this list however are. But the rarest of all is this single known pristine example from the Denver mint. Accurate recognition of dates also becomes important when separating variety and value. Most of them pulled the coins out of circulation. These are the most valuable pennies in circulation.And they are worth a pretty penny if you find them. It is the most valuable Lincoln penny in the world. Today, these coins are all accounted for, and two are on display in museums. As a result, a majority of the 1941-D Lincoln pennies are in circulated condition. It turns out that not every penny is worth just one cent - some could actually be worth hundreds of thousands of dollars. Flying Eagle pennies, a short running series range in worth and desirability depending on date and condition. Many citizens hoarded gold, silver, and copper coins as a store of wealth. A 1931-S could be worth $40 or more. Many large cents in nice condition with abundant detail remaining, are a valuable find. 1936 Dot Penny Image courtesy of Heritage Auctions Coming in at number 1 on this list of rare Canadian pennies is the renown 1936 "dot" penny. A handful of these 1990s pennies didnt get the signature "S" mint mark. On the surface, there is nothing visually spectacular about this coin. 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. 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. Any one of these coins in circulated or uncirculated condition is extremely rare. Some would debate whether or not copper pennies are worth their weight as scrap metal, but their intrinsic copper value is nevertheless higher thanthe face value of the denomination itself making it worthwhile to check your change and hold aside all pre-1982 pennies. Some series are more valuable than others. To this day, they are the only two known to exist. Sculptor Victor D. Brenner was asked by the U.S. Mint to design a coin depicting Abraham Lincoln in celebration of his centennial birthday. 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. As a result, most of these pennies went into circulation. 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 purpose of this page is to provide coin valuation data to collectors, investors, the media, and anyone interested learning what the most valuable pennies and one cent coins are. 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. Like the previous two pennies mentioned, the wording on both sides is doubled, plus there's a doubling of the date. One sold at a Heritage sale in 2012 for more than $20,000, according to Coin World. USA Coin Book has compiled a list of the most valuable US pennies ever known. Read more in our privacy policy. While the designs appear similar, the fonts and some design elements were changed. Fine Grade: Moderate wear on most of the coin and heavy wear on high points describes overall the Fine grade. If you buy thru these links, we may earn a commission at no additional cost to you. To have all three initials ona coin's design was unheard of. In this case, the doubling is on the reverse of the coin. 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. "I've found one myself.". Coin values are determined by using the grading images to judge condition then checking the date and values on the charts provided. The most elusive of these coins was owned by George Walton, the youngest signer of the Declaration of Independence. With this many coins in circulation even the most knowledgeable of collectors needs a tool to help them sort through their coins. "It's especially obvious in the words 'ONE CENT' and 'E PLURIBUS UNUM.' If you get caught scrapping pennies, you could end up paying $10,000 in fines and spend 5 years in the slammer prison, that is. Condition is also playing an increasing role. 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. Collection was not an option for most Americans red-copper color planning, to. And every coin in our database are updated twice per year coins Signature Auction ( DDO ) is! 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