For instance, Denver only minted seven of the 1944 steel pennies, making it the second rarest mint mark out of all three mints. Thanks! To My Young Brothers & Sisters at Reddit & Elsewhere. Professional Coin Grading Serviceoffers a coin price guide where you can search for the current value of collectible coins. Mintmarks are listed and valued on Indian and Lincoln value charts. If you find a 1983 penny with everything doubled, the Lincoln Memorial Building included, save it for a rainy day. Of course, pocket change still yields plenty of copper cents. Older copper pennies are 95% copper and 5% something else. Each of these coins are worth around $1 million if they are in good . And they represent the introduction of the modern small cent size. The DDO on the coin has a very clear doubling on the lines "In God We Trust" and "Liberty." The 1913 Liberty Nickel was produced by the U.S. Mint, with only five coins believed to be in existence. $20 Saint Gaudens Double Eagle 1933 "King Farouk of Egypt". However, during the transition, some 2008-W Silver Eagles were accidentally stamped with the pre-2008 design. Comparing the coins in the image; nicely toned, circulated examples project pleasing eye appeal. These are the most valuable pennies in circulation.And they are worth a pretty penny if you find them. Bottom line: The 1955 Doubled-Die Obverse (DDO) Penny is one of the most famous examples of design doubling on coinage. While the front of the 1983 Lincoln Memorial Cent looks perfectly ordinary, the back might have a particularly lucrative error. This one's going to be tough to find in circulation, but since it was produced after the 1950s, we had to include it. 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. The Value of an Indian Penny | Very Solid. (Image credit: Heritage Auctions, HA.com), "On the reverse of the 1992 Close AM, the right foot of the 'A' and left foot of the 'M' in 'AMERICA' touch," said Stone. Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. Read more in our privacy policy. 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. Note: It's not always easy to see, so consult an expert if you're not sure. 1856 through 1858 cents stand out as sought-after collector coins because of the bold flying eagle design. 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. The coppery color of modern-day pennies is merely a thin plating of copper on a 99.2% zinc, 0.8% copper core. A penny's worth depends on its quality and rarity. The number "7" appears higher than usual, nearly level with the "0.". Because of their uniqueness, theyre remarkably valuable. Did you know that the top 30 most valuable Wheat pennies to coin collectors all add up to just over $9,000,000 in value and each one is worth at least $100,000 even though they all have a face value of just $0.01? Coin values are determined by using the grading images to judge condition then checking the date and values on the charts provided. A handful of these 1990s pennies didnt get the signature "S" mint mark. And heres the story behind zinc pennies. This one's going to be tough to find in circulation, but since it was produced after the 1950s, we had to include it. 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. 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. In 1864, the Civil War was dragging on, and the United States economy was extremely fragile. And, yes, theyre made from copper, too with one exception: steel pennies. Ive contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. Accidents can produce the rarest coins. That means about 20% of the pennies passing through my hands in those rolls were copper ones. 1. Most of them pulled the coins out of circulation. Series are identified along with dates and mintmarks. 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. Copyright 2007-2023 Daniel A. HarrisAll Rights Reserved. 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. Roughly 250,000 of these pennies were minted, he said. Among the Lincoln Memorial cents, there were 7 years during which the San Francisco Mint placed its S mintmark under the date on business-strike, non-proof pennies. There are about 45,000 of these coins in existence. Bucki estimates that 1,000 or less were made before the Mint discovered its error. As a result, a majority of the 1941-D Lincoln pennies are in circulated condition. Perhaps 15,000 to 20,000 plain 1922 Lincoln Cents were made, but nobody knows the exact number of examples that were made, let alone how many remain to this day. Visit the series page for value charts and details on how to value your old penny. The full backside of the coin is doubled. 1856 Flying Eagle penny, $12,850 Only 2,000 examples of the Flying Eagle cents were ever made. 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. You'll also spot a faintly visible ghost-like "D" mintmark floating halfway above the primary "D" mintmark. There are estimated to be about 15-20,000 of these pennies still in existence, though there are many counterfeits on the market. But it is scarce to find an uncirculated 1926-S Lincoln penny with its original copper-red color. One example circulated for a while before being picked up by a collector. The 1999 Connecticut Quarter is the fifth design released in the 50 States quarter collection. An excellent picture index of all major US coin series. Auction record: $10,200 Heritage Auctions. All Rights Reserved. With so many rare coins out there, being a "penny pincher" might not be such a bad thing after all. When the right coin is available and is needed for their collection, none hesitate to pay. 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. Steel cents were made in 1943, though a few 1944 steel pennies were made by accident. Many large cents in nice condition with abundant detail remaining, are a valuable find. Your email address will not be published. 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. Silver Half Dollars. Only nine other Lincoln wheat pennies have a lower mintage. 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. The image of a bison initially adorned the reverse of the nickel from 1913-1938, before transitioning to the Jefferson nickel, which is still in circulation today. Step 1 image and text links lead to series pages of in-depth coverage. In 1916, a new dime design replaced the Barber design coin that had been used since 1982. Minda Zetlin is a freelance writer covering business, money, tech and collectibles. For 2008, the U.S. Mint decided to modify the reverse design of Silver Eagle coins. Under the same law, its illegal to melt 5-cent coins for their copper value, too (yes, nickels are actually 75% copper). Auction record: $4,362 Superior Galleries. From Cents to Gold. Many people spend the Half Dollars from 1965 to 1970 or sell them in rolls of halves they take to the bank, not realizing they are 40 percent silver. 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. 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. 1969 Washington Quarter. But two zinc-plated steel planchets somehow ended up in the coining press in the San Francisco mint. Whats the easiest way to search for copper pennies? 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. For the world's rarest and most coveted pennies, values are well over $100,000 and approaching $2 million. While theyre still more common than those from other mints that year, they are still considered rare and valuable. Most of these S-Mint Lincoln Memorial cents have been pulled from circulation, so they rarely turn up in pocket change anymore. Auction record: $126,500 Heritage Auctions. 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. In this case, the wide "AM" version is just as sought after as the close "AM" version. An 1872 Indian Head penny is a scarce coin but can readily be found at any coin show or coin dealer in circulated grades. Both the 1943 copper Lincoln cent and 1944 steel Lincoln penny are worth an incredible amount of money because they're so rare. Brasher doubloon, initials on the chest 1787 "Ex Bushnell-Garret Collection". document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Privacy Policy & Terms | Many citizens hoarded gold, silver, and copper coins as a store of wealth. 1803 Draped Bust Silver Dollar - This is one of the rarest and most valuable coins, and only four of them are known to exist. This 1943 Lincoln penny should have been struck on a zinc-plated steel planchet but was in fact made with a bronze alloy planchet. However, experts with PCGS believe there are potentially up to 150,000 of these coins in existence. They are usually dark brown in color, but occasionally red. It turns out that not every penny is worth just one cent - some could actually be worth hundreds of thousands of dollars. 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. 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