They also offer professional coin grading. 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. Grading is judging the surfaces and identifying the amount of wear or lack of wear. Double-die pennies, coins struck twice by a metal die during the minting process resulting in doubled artwork . This created an overnight sensation among coin collectors, and this penny has become known as the "Holy Grail" for collectors of Lincoln pennies. 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. 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. Also, in the 1930s and 40s, most coin collectors acquired their coins from circulation, so it is not hard to find a circulated example of a 1926-S Lincoln penny. The collector also ensured that the coin was correctly stored to preserve its color. This is one of the most exceedingly rare and intriguing Lincoln cents. To My Young Brothers & Sisters at Reddit & Elsewhere. Carefully examine your coins for condition. Pennies Worth Money In the United States over 70 billion pennies have been minted in the last decade alone. Professional Coin Grading Serviceoffers a coin price guide where you can search for the current value of collectible coins. Sold: January 2008; Heritage Auctions, Orlando, FL, FUN Signature Coin Auction. 1873 doubled Liberty closed 3 Indian Head penny, $2,400 Another doubled die cent, this piece features doubling in the word LIBERTY. 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. The high value of this coin is due to its uncirculated condition and its original copper-red color. The San Francisco branch mint began coining Indian pennies. 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. Isn't it funny how having an extra ear can make a penny valuable? We offer reliable real coin melt conversions and hand written stats on each and every coin in our database. Admittedly not the most popular coin, however those collecting the series are very serious. She is also the co-author of "The Geek Gap" and vice president of the American Society of Journalists and Authors. A 1931-S could be worth $40 or more. 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. Some pennies, originally worth a single cent, are now worth thousands of dollars. Compare your now very old Indian pennies to the series value chart. Whats the easiest way to search for copper pennies? 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. *This list of most valuable pennies refers to problem-free coins grading Extremely Fine-40 on the Sheldon Grading Scale. Small Pieces of Copper Worth Huge Amounts of Money. An excellent picture index of all major US coin series. Large cents, recognized by the denomination on the reverse, are worth close inspection. Mintmarks became important to penny values starting in 1908. Being more common, they're also less valuable. Although the 1909-S Indian Head Penny has a smaller mintage, more of them were saved in uncirculated condition. Wheat pennies begin at 2 cents to highs found with early colonial large cents valued in the thousands. Most of them pulled the coins out of circulation. 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. Valuable coins list 2022/2023. Special qualities are examined and highlighted within each series. 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. 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. These steel planchets were used primarily in 1943. What makes this particular coin extremely valuable is its pristine condition despite being over 100 years old. If you think you've found a valuable penny, Stone suggests consulting a professional. As a result, saving even a penny for a coin collection was not an option for most Americans. In 1916, a new dime design replaced the Barber design coin that had been used since 1982. The other variety of this rare penny stamped the letters closer together, nearly touching. So far, this article has been mainly centered around looking for copper Lincoln Memorial cents which were minted from 1959 through 1982. The lines "In God We Trust" and "Liberty" are both doubled as well as the 1955 date itself. (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. In 2005, a collector discovered that some of these Sacagawea Cheerios Dollars had detailed veins in the eagles' tail feathers. Sold: February 2016; Heritage Auctions, Long Beach, CA, US Coins Signature Auction. At least, that's what was supposed to happen. To this day, they are the only two known to exist. Coin. From the early days of coinage, half cents are now scarce and collected by specialists. Doubled dies are created when the hub imprints an additional image onto a die or stamp causing some misalignment. *All auction records are from the Professional Coin Grading Services (PCGS). Its just not worth it. 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. 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. 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. To hold an 1877 Indian Head Penny in uncirculated condition is an extreme rarity given the poor economic conditions of that year. On one side, "In God We Trust" is doubled, and "Liberty" is doubled on the other. There's also a subtle doubling of the mint mark. Discover the rare pennies in your box of old coins. 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. Good Grade: Heavy wear and a lack of remaining design is typical of a penny in Good grade. Condition is one of the subtle steps affecting penny values. Sold: March 2018; Stacks Bowers; Baltimore - Session 3 - Rarities Night Including the ESM Collection. This coin was first discovered in 1970 and was reported by Coin World on the front page in its July 8, 1970 edition. A half cent with strong rims, readable lettering, and lack of deep marks; despite Liberty's portrait worn to an outline, retains value. In my 3 to 5 weekly cash transactions involving 2 to 4 pennies, I probably find between 2 and 5 copper pennies each week. Most major and minor design features are now a flat surface. Sold: August 2014; Heritage Auctions, Chicago, IL, ANA US Coins Signature Auction. Extremely Fine Grade: Very light wear is noticeable in the Extremely Fine 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. Not because of its date of minting, but because of its die variety. If you think you've found a 1943 Bronze Lincoln, the Mint suggests testing it with a magnet first. Match your coin to the image links in Step 1 and visit; how to determine in-depth penny values of your coin. Tops of elements such as strands within hair, cheek, and open fields are closely judged. Each of these coins are worth around $1 million if they are in good . This list and the prices are current as of 2023. 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. We'll tell you of course what you need to look for. If you have any of the coins on this list or other coins worth money, you should always have them authenticated by a reputable coin dealer, like a member of the Professional Numismatists Guild, before trying to sell: In 1942 in an effort to save copper for ammunition in World War II the U.S. Mint began producing steel pennies for the first time in history. 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. 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. Condition is judged comparing to images, video and descriptions. The coppery color of modern-day pennies is merely a thin plating of copper on a 99.2% zinc, 0.8% copper core. Penny values span a wide range. 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. 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. PCGS offers a coin price guide where you can search for the current value of collectible coins. Most of these coins were discovered in bank wrapped rolls in the Tucson and San Antonio areas. The Value of an Indian Penny | Very Solid. 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. 10 Most Valuable Walking Liberty Half Dollars. Sold: March 2014; Heritage Auctions, Atlanta, GA, ANA National Money Show US Coins Signature Auction. Condition is another; coins that stayed out of circulation may retain their original coloring and fine details, significantly adding to their value. There is no noticeable bag mark on the coin's surface, and it has retained its original bright red-orange copper color. If it sticks, it's not copper. "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. A penny's worth depends on its quality and rarity. So which pennies are worth money? 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