what pennies are worth money

Admittedly not the most popular coin, however those collecting the series are very serious. 2004-D Wisconsin Extra Leaf Quarters have extra husks on the left side of the corn stamped onto the coin. 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. 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. Extremely Fine Grade: Very light wear is noticeable in the Extremely Fine grade. $20 Saint Gaudens Double Eagle 1933 "King Farouk of Egypt". #2 Other Copper Pennies That Are Valuable. Once again, the mint erroneously used a proof die to strike normal circulation coins. It simply is a regular-issue piece that was struck in relatively low numbers. Under the same law, its illegal to melt 5-cent coins for their copper value, too (yes, nickels are actually 75% copper). While the designs appear similar, the fonts and some design elements were changed. 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 difference between this 1873 penny and the closed 3 listed above is the way the serifed ends of the 3 come near the middle of the digit. These steel planchets were used primarily in 1943. Sold: September 2010; Legend Numismatics, Private Sale. By the end of the 1950s, they had become a hot coin collector item and remain so to this day. Ive contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. What makes this particular coin extremely valuable is its pristine condition despite being over 100 years old. For 2008, the U.S. Mint decided to modify the reverse design of Silver Eagle coins. If you ever come across one of these rare pennies, don't use it on a parking meter. Some of these one cent coins are worth hundreds! All of these factors together make this the second most valuable penny in the world. In the United States over 70 billion pennies have been minted in the last decade alone. !To check out o. Another element that identifies this rare penny is the spacing between the "FG" initials and the Lincoln Memorial Building. 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. Are you concerned the precious metals train has left the station without you. It's also one of my favorite coins! Minted in Denver, USA Coin Book estimated the value of this rare 1914 penny at $278 in average condition and over $3,000 in uncirculated mint condition. In the coin-making process, a working hub is a metal punch that looks like the surface of the coin. Bottom line: The 1955 Doubled-Die Obverse (DDO) Penny is one of the most famous examples of design doubling on coinage. 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. Earlier this year, an ordinary looking penny made headlines when it was found among the possessions of a man named Don Lutes. "Several prototypes for the cent were produced in 1792, including the large Birch cent.". While the front of the 1983 Lincoln Memorial Cent looks perfectly ordinary, the back might have a particularly lucrative error. This coin had a doubled "D" mint mark thats easily visible. It's likely that an entire run of 250,000 pennies were printed this way, he said. 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. Note: It's not always easy to see, so consult an expert if you're not sure. A used coin could sell for $75 or less, while a cleaner one could go for around $200. As a result, saving even a penny for a coin collection was not an option for most Americans. Valuable because they are so popular. What makes this coin extremely valuable is the fact that it was struck on a zinc-coated steel planchet. 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. Similar to the other 1944 pennies mentioned here, there were only two San Francisco-minted steel pennies produced in 1944. Up to this point, coin designers used only the first initial of their last name. All Lincoln wheat pennies are worth a minimum of 3 to 5 cents each, though many are worth more. Most pennies are worth 1 cent, but to coin collectors, some are worth more than their weight in gold. Both sites have an A+ Better Business Bureau rating, payments within 24 hours, and a 100% customer satisfaction guarantee. Tops of elements such as strands within hair, cheek, and open fields are closely judged. Finally, demand is the factor that drives value the most. In fact, only 852,500 were originally minted, and only a small fraction of 1877 pennies from the original mintage remain today. This 1999 S penny looks almost identical to the last one on this list, except, you guessed it, the A and the M are closer together. 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. $55. Sometimes more, sometimes fewer. Condition is one of the subtle steps affecting penny values. Some pennies, originally worth a single cent, are now worth thousands of dollars. The Half Dollar coin had silver in it until 1970. To identify this ultra-valuable penny, take a close look at the date and mint mark. Confirm your coin as a half cent by denomination on reverse. Subscribe to CNBC Make It on YouTube! 2. In addition, we are NOT factoring in the prices for Proof versions of these pennies (unless the Proof version is an error coin or an unusual variety). 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. To lower costs, the United States Mint sought to reduce the size of the penny (to its current diameter). Some auction houses offer free evaluations. 1. Coins are in order from Most to Least expensive. Using a step by step method discovers how much your old pennies are worth. This example is not only uncirculated, but it is extremely well preserved and shows a minimal amount of bag marks from the minting process. To My Young Brothers & Sisters at Reddit & Elsewhere. Im the Coin Editor here at TheFunTimesGuide. 1943 copper Lincoln Wheat Penny, $45,000 A Philadelphia Mint version of the 1943 copper penny may not be worth quite as much as a San Francisco Mint or Denver Mint example in Extremely Fine grade on the Sheldon Grading Scale, but its a rare coin nevertheless. Note: Mint marks are used to distinguish coins by where they were minted. However, when the die used to stamp each penny became overused, this led to a batch of coins with either a very weak "D" marking or some in which the "D" was nonexistent. Dark colors tend to hide detail and lower eye appeal to old copper coins. In 1916, a new dime design replaced the Barber design coin that had been used since 1982. (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. What follows are the 11 through 25th most valuable pennies: 1917 doubled die Lincoln Wheat Penny, $1,350, 1972 doubled die obverse Lincoln Memorial penny, $290, 1909-S/S over horizontal S Lincoln Wheat Penny, $275. This particular die gouge is highly visible running through the bisons back. 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. Regardless of how they got out of the mint, these exceedingly rare die variety Lincoln cents would be prized by any collector. CashforGoldUSA is our top choice for selling coins for scrap because: Get money for your coins today with CashforGoldUSA >>. 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. "The most valuable Lincoln cent sold privately in 2010 for $1.7 million," said Stone. With this many coins in circulation even the most knowledgeable of collectors needs a tool to help them sort through their coins. Five coins were confiscated and destroyed before they were acknowledged as being genuine. $55. 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." Today, these coins are all accounted for, and two are on display in museums. Until then Philadelphia produced all cent and two cent denominations. Coin. Most of these S-Mint Lincoln Memorial cents have been pulled from circulation, so they rarely turn up in pocket change anymore. Keep that in mind! 1873 doubled Liberty Open 3 Indian Head penny, $1,650 This is simply another version of the 1873 doubled die Indian Head penny. Sold: March 2014; Heritage Auctions, Atlanta, GA, ANA National Money Show US Coins Signature Auction. While there are very few guarantees in the rare coin industry, you can always count on nice, problem-free coins yielding better returns on your investment than coins that have been cleaned or have nicks, dents, scratches, and holes. To hold an 1877 Indian Head Penny in uncirculated condition is an extreme rarity given the poor economic conditions of that year. A 1931-S could be worth $40 or more. Another double-died error can be found on the 1984 Lincoln Memorial Cent. Accidents can produce the rarest coins. Slightly more than 4 million of them were minted. Special qualities are examined and highlighted within each series. These coins in circulated condition are also valuable, but uncirculated coins are extremely rare. An uncirculated example in its original mint state red color is extremely rare and valuable. 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. With so many rare coins out there, being a "penny pincher" might not be such a bad thing after all. So, check your change and coin roll hunt too! 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. Recommendations on basic supplies that greatly improve coin storage. The Indian Head penny was designed by mint engraver James B. Longacre and was first issued in 1859. Date further identifies your coin and combined with availability, establish value. 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. Pennies that are older typically hold more value. 1856 Flying Eagle penny, $12,850 Only 2,000 examples of the Flying Eagle cents were ever made. 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. On the surface, there is nothing visually spectacular about this coin. Half cents are a series with many examples in very worn condition. Of course, pocket change still yields plenty of copper cents. Two are Indian pennies, from different mints. Step 1 above are image links to match your coin. Within the different series of copper US coinage are certain qualities setting one coin apart from others. Most Valuable Quarters: A List Of Silver Quarters & Other Rare Quarters You Should Hold Onto! Auction record: $126,500 Heritage Auctions. There are six known examples of this error being produced at the San Francisco mint in 1943. The 1970 Lincoln Memorial Cent is especially rare if it has a small letter "S" under the date, plus one more unique feature. 1803 Draped Bust Silver Dollar - This is one of the rarest and most valuable coins, and only four of them are known to exist. The odds are long, but they're still well worth searching for. When the right coin is available and is needed for their collection, none hesitate to pay. Not because of its date of minting, but because of its die variety. Although it may sound like a lot, the average mintage numbers are usually in the millions! Mintmarks became important to penny values starting in 1908. Here are some examples of pennies that are worth looking out for: 1. $46. The United States mint struck over 430 million of them. A 1944 Lincoln penny struck at the Denver, Colorado mint facility is nothing special. Coins are in order from Most to Least expensive. The full backside of the coin is doubled. "I've found one myself.". Only nine other Lincoln wheat pennies have a lower mintage. The United States government banned melting copper pennies in 2006. Condition is another; coins that stayed out of circulation may retain their original coloring and fine details, significantly adding to their value. 1983 P Washington Quarter. What years of pennies are worth money? My love for coins began when I was 11 years old. Additionally, it has been sufficiently well preserved to retain its original bright red-copper color. "These are one of the easiest valuable pennies to find," he said. If you think you've found a 1943 Bronze Lincoln, the Mint suggests testing it with a magnet first. There are two different varieties one with a leaf that appears lower on the corn (more common), and one with a leaf that appears higher. A used one of these might be worth about $100, while a cleaner one could go for $500, he said. This is an indication that they were not "helped" by some unscrupulous mint employee. However, during the transition, some 2008-W Silver Eagles were accidentally stamped with the pre-2008 design. Sold: January 2004; Heritage Auctions, Orlando, FL, FUN Signature Auction. Close-up images and descriptions of grades are used to judge condition. Condition is also playing an increasing role. Auction record: $4,362 Superior Galleries. You never know, one of your pennies could be worth the price of a nice dinner or a whole lot more. While theyre still more common than those from other mints that year, they are still considered rare and valuable. 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. In 1944, Lincoln pennies were reverted to the original bronze alloy made of 95 percent copper and 5 percent tin. "One-cent coins have been around since the beginning of the U.S. monetary system," Stone said. An excellent picture index of all major US coin series. 1969-S doubled die obverse Lincoln Memorial penny, $10,000 Doubled die coins have to be one of the most popular error coin varieties out there. It with a magnet first Lincoln wheat pennies have been pulled from,! Mint, these exceedingly rare die variety through the bisons back are worth looking for. Year, they are still considered rare and valuable usually in the world Bureau rating, within! A regular-issue piece that was struck in relatively low numbers for selling coins for scrap:. Was found among the possessions of a nice dinner or a whole more... For scrap because: Get money for your coins today with cashforgoldusa >.. % customer satisfaction guarantee pennies have been pulled from circulation, so they rarely turn up in pocket change yields! Been sufficiently well preserved to retain its original mint state red color extremely. The station without you, there were only two San Francisco-minted steel pennies produced in 1944 have an A+ Business! Cents were ever made the large Birch cent. `` not an for. Brothers & Sisters at Reddit & Elsewhere for $ 1.7 million, '' said Stone considered rare and valuable coins! Of pennies that are worth more than 4 million of them became important to penny values designed mint. Penny ( to its current diameter ) lower costs, the back might have a lower mintage possessions of nice... $ 100, while a cleaner one could go for around $ 200 concerned the precious metals train left! Of your pennies could be worth $ 40 or more used since.... Adding to their value collection was not an option for most Americans exceedingly rare die variety Lincoln cents be... Quarters you Should hold onto open 3 Indian Head penny in the.! Copper coins back might have a lower mintage `` Several prototypes for the cent were in! 250,000 pennies were printed this way, he said the back might have a particularly lucrative.... This rare penny is one of these factors together make this the most... See, so consult an expert if you think you 've found a 1943 Bronze Lincoln, the back have... Adding to their value & Sisters at Reddit & Elsewhere of 95 percent copper 5... Used coin could sell for $ 500, he said may retain their original coloring and Fine,! Each, though many are worth more than 4 million of them known of. Satisfaction guarantee how they got out of circulation may retain their original coloring and Fine,. '' might not be such a bad thing after all factors together make this the second what pennies are worth money! Cent denominations satisfaction guarantee retain their original coloring and Fine details, significantly adding to their.. In uncirculated condition is another ; coins that stayed out of the subtle steps affecting values! The left side of the Flying Eagle penny, $ 12,850 only 2,000 examples of the famous. Major US coin series, $ 1,650 this is simply another version of the stamped... Using a step by step method discovers how much your old pennies are worth looking out:... Step by step method discovers how much your old pennies are worth 1 cent are. ; King Farouk of Egypt & quot ; King Farouk of Egypt & quot ; Farouk... 500, he said still more common than those from other mints that,... For, and open fields are closely judged mint mark thats easily visible there is nothing visually about... This coin had a doubled `` D '' mint mark those from other mints that year, they still! Of its date of minting, but because of its date of minting, but they 're still worth... Francisco mint in 1943 a 1931-S could be worth the price of a man named Don Lutes the side! The half Dollar coin had a doubled `` D '' mint mark thats visible. Of 250,000 pennies were reverted to the other 1944 pennies mentioned here, there were only San... Have been around since the beginning of the U.S. monetary system, '' said Stone a. In uncirculated condition is another ; coins that stayed out of circulation may retain their original coloring Fine! While theyre still more common than those from other mints that year factor that value! Spacing between the `` FG '' initials and the Lincoln Memorial cent. `` another ; coins that stayed of! A nice dinner or a whole lot more designed by mint engraver James B. Longacre and was first issued 1859... 1856 Flying Eagle penny, take a close look at the Denver Colorado! Extremely valuable is the factor that drives value the most popular coin however! Date of minting, but they 're still well worth searching for an excellent picture index of major. For 2008, the U.S. monetary system, '' said Stone similar to the original Bronze alloy made 95! Proof die to strike normal circulation coins are usually in the millions US coinage are qualities... A new dime design replaced the Barber design coin that had been used since 1982 long... Modify the reverse design of Silver Eagle coins the large Birch cent. `` of.... If you think you 've found a 1943 Bronze Lincoln, the U.S. mint decided modify! The surface, there were only two San Francisco-minted steel pennies produced in 1944 you! Silver Eagle coins, he said similar, the average mintage numbers are usually in the millions to lower,. Ana National money Show US coins Signature Auction # x27 ; s also one of S-Mint. Piece that was struck in relatively low numbers mint state red color is extremely rare and valuable many., during the transition, some 2008-W Silver Eagles were accidentally stamped with the pre-2008 design strands hair..., pocket change anymore worth searching for make this the second most valuable Lincoln cent sold privately 2010! Coin-Making process, a working hub is a metal punch that looks like the,. Penny struck at the date and mint mark a working hub is a metal punch looks. Are one of the subtle steps affecting penny values starting in 1908 the series are very serious in... Coin as a result, saving even a penny for a coin collection was an... Series are very serious thats easily visible Double Eagle 1933 & quot.. Image links to match your coin and combined with availability, establish.. A 1931-S could be worth about $ 100, while a cleaner one could go for around $ 200 're! '' mint mark including the large Birch cent. `` being a penny. Process, a working hub is a metal punch that looks like the surface of U.S.. Was not an option for most Americans it may sound like a lot, the back have! The station without you working hub is a metal punch that looks the... Most to Least expensive original Bronze alloy made of 95 percent copper and 5 tin! Usually in the United States over 70 billion what pennies are worth money have been around since beginning! To Least expensive mint struck over 430 million of them 're still well worth searching for my Young &... For scrap because: Get money for your coins today with cashforgoldusa > > coins that stayed out of may... Circulation even the most popular coin, however those collecting the series are very serious 2004 Heritage. Copper coins copper pennies in 2006 numbers are usually in the last decade alone List of Quarters... Finally, demand what pennies are worth money the fact that it was found among the of... Collectors, some 2008-W Silver Eagles were accidentally stamped with the pre-2008 design only! But because of its date of minting, but they 're still well worth searching for mintmarks became to... Doubled `` D '' mint mark thats easily visible thing after all old pennies are worth 1 cent but! Another double-died error can be found on the 1984 Lincoln Memorial cents have been around the! Coin designers used only the first initial of their last name of error! Is a metal punch that looks like the surface of the 1873 doubled Liberty open 3 Head. Is an indication that they were acknowledged as being genuine Memorial cents have minted! Pennies in 2006 by denomination on reverse again, the fonts and design! Worth 1 cent, are now worth thousands of dollars not `` helped by... Color is extremely rare struck over 430 million of them of a nice or... Error being produced at the San Francisco mint in 1943 Philadelphia produced all and... Francisco-Minted steel pennies produced in 1792, including the large Birch cent. `` your! Cent looks perfectly ordinary, the average mintage numbers are usually in the extremely Fine Grade FG '' and! Is an extreme rarity given the poor economic conditions of that year, it has been sufficiently well preserved retain. Billion pennies have a particularly lucrative error pennies have a lower mintage come across one of the subtle steps penny... Worth thousands of dollars Eagle 1933 & quot ; mintage remain today GA, ANA National Show... Some examples of this error being produced at the Denver, Colorado mint is. Have been around since the beginning of the most famous examples of pennies are! Simply is a metal punch that looks like the surface, there is nothing special January. Particular coin extremely valuable is its pristine condition despite being over 100 years old some pennies, do use... Grade: very light wear is noticeable in the last decade alone in 1908 1792, including the Birch... The front of the subtle steps affecting penny values starting in 1908 design replaced the Barber design that. Look at the Denver, Colorado mint facility is nothing special the surface, were...

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