"The then 16-year-old Lutes received the copper-colored penny in change at his high school cafeteria in 1947," David Stone, a coin cataloger for Heritage, told CNBC Make It. Most Valuable US Pennies - Highest Value 1 Cent Coins USA Coin Book has compiled a list of the most valuable US pennies ever known. Sculptor Victor D. Brenner was asked by the U.S. Mint to design a coin depicting Abraham Lincoln in celebration of his centennial birthday. The most elusive of these coins was owned by George Walton, the youngest signer of the Declaration of Independence. Proceeds of the sale went to the Berkshire Athenaeum in his hometown of Pittsfield, Massachusetts, according to the Dallas-based auction house. On April 25, 2013, a coin owned by Walton family heirs once believed to be fake was authenticated as the real fifth coin. All Lincoln wheat pennies are worth a minimum of 3 to 5 cents each, though many are worth more. Like this story? Only nine other Lincoln wheat pennies have a lower mintage. 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. Of all the cents currently in circulation these pennies are worth the most money. 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. 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. At least, that's what was supposed to happen. The 1969-S doubled die penny value is about the highest of any Lincoln Memorial cent known to collectors at this time: 1969-S doubled die pennies are worth about $25,000 and up! Values range widely for Wheat Pennies, starting at a few cents to more than $200,000. It is estimated that fewer than 20 were released by each of the Philadelphia and San Francisco mints. In the bison series, there were several coins discovered to have a large die gouge a raised feature that appears on a coin when a die is damaged. An uncirculated example in its original mint state red color is extremely rare and valuable. 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. As a rule, 1873 open 3 Indian cents are more common than the closed 3 variety. In 1877, the economic slump that began in 1873 continued with full force. Note that the price youre likely to get for even the rarest coins will typically be affected by the condition of the coin. The other variety of this rare penny stamped the letters closer together, nearly touching. Check your inbox or spam folder to confirm your subscription. Its possible these coins may be hiding in the basement, inside an attic box, or even inside your penny jar. She is also the co-author of "The Geek Gap" and vice president of the American Society of Journalists and Authors. One time, I found about200 copper pennies among 20 rolls of pennies, or $10 worth of one-cent coins. Half Cent Values | All Half Cents are Rare. They also offer professional coin grading. Each design has high points judged to detect any smoothing and removal of luster. Auction record: $10,200 Heritage Auctions. CashforGoldUSA is our top choice for selling coins for scrap because: Get money for your coins today with CashforGoldUSA >>. 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. Initially, the government believed that these were counterfeit coins and began confiscating them. 7 Rare Wheat Pennies To Collect & What Theyre Worth Today, This 1982 Copper Penny Is Worth $10,000! Discover all the rare varieties, dates and mintmarks. Use the table below to find out. (Collectors refer to the obverse of a coin as the front or "heads" side usually bearing a portrait.) How to Video: | Grading Indian Head Pennies, How to Video: | Grading Lincoln Wheat Pennies. Compare and identify your coin to the picture, click on the image, and go immediately to your old coin value. What all of this means is that 1980 pennies with no mintmark are worth around 2 to 3 cents. Valuable coins list 2022/2023. Examine your coin and compare to the following images to find a match. Most of these S-Mint Lincoln Memorial cents have been pulled from circulation, so they rarely turn up in pocket change anymore. Preparing and selling wheat pennies for the best value is possible. Double-die pennies, coins struck twice by a metal die during the minting process resulting in doubled artwork . To have all three initials ona coin's design was unheard of. 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. Record Price. 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. A Division of NBC Universal, Why the 'sober curious' movement is big business for millennials, I tried this $240 A5 Olive Wagyu steak to see if it's worth the money, 31-year-old used her $1,200 stimulus check to start a successful business, 100-year-old sisters share 4 tips for staying mentally sharp (not crosswords). These are the most valuable pennies in circulation.And they are worth a pretty penny if you find them. When the right coin is available and is needed for their collection, none hesitate to pay. The wheat penny was first minted in 1909, and it was the first coin in wide circulation to feature a U.S. president. For example, many of the doubled die entries on the list above (such as the 1971, 1972, 1983, and 1984 doubled die Lincoln cents) are much scarcer in number than the 1877 Indian Head cent or 1914-D Lincoln cent, but are not as widely collected, thus the values of those somewhat more obscure coins are lower. Visit the series specific page, a check of the value chart shows rare dates and scarce varieties in strong demand. While the designs appear similar, the fonts and some design elements were changed. Stone estimates that a coin in good condition could sell for up to $45. Thisstray planchet created a great rarity treasured by coin collectors, and they are willing to pay handsomely to add this coin to their collection. Carefully examine your coins for condition. The 1913 Liberty Nickel was produced by the U.S. Mint, with only five coins believed to be in existence. As always, nicer, better preserved coin are always worth more. 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. Each of these coins are worth around $1 million if they are in good . A quick look at the value chart shows a big change in how much your box of old pennies is worth. 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. 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. "I've found one myself.". The chosen design proposed by New York sculptor John Flanagan was minted on a silver alloy from 1932 to 1964, with the exception of 1933. Source: PGCS.com 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. You're likely to be offered a small fraction of what they're worth.. In the case of this rare 1917 penny, the words "In God We Trust" are doubled. That said, we realize that some people might still be using these pennies to buy things without realizing their value. Once again, the mint erroneously used a proof die to strike normal circulation coins. Because of their uniqueness, theyre remarkably valuable. This coin had an RRP of $80 and a mintage of just 5,000. If you ever come across one of these rare pennies, don't use it on a parking meter. Sold: March 2018; Stacks Bowers; Baltimore - Session 3 - Rarities Night Including the ESM Collection. Im also the editor at the Florida United Numismatists Club (FUN Topics magazine), and author of Images of America: The United States Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). However, during the transition period between 1942 and 1943, there were a number of leftover copper planchets (the plain metal discs used to make coins) that were accidentally struck with 1943 dates. Most uncirculated 1980 pennies are worth 10 to 30 cents apiece. The 1999 S Lincoln Memorial Cent was minted in San Francisco in two different varieties. Coins on this list of most expensive pennies were minted as early as 1793. The 1999 Wide AM penny is the exact opposite of the 1992 Close AM. While a circulating coin typically lasts 30 to 40 years, some lucky collectors have found pennies minted in the mid-1900s in their pocket change. Copper coins when first minted began as shades of bright red-orange-gold. However, experts with PCGS believe there are potentially up to 150,000 of these coins in existence. But there are several valuable pennies worth money, much more than just a few cents apiece. Coins Found in Pocket Change. Here's a quick recap of the most valuable coins in the United States: U.S. Estimated coin prices and values in our database are updated twice per year. The United States mint struck over 430 million of them. But, of course, rarity is a significant factor in determining a penny's worth. Pennies that are older typically hold more value. This particular die gouge is highly visible running through the bisons back. The four currently operating U.S. Mints are: Auction record: $2,185 Heritage Auctions. Whats the big deal about the copper pennies? Flying Eagle Penny Values | Discover Their Worth. In the coin-making process, a working hub is a metal punch that looks like the surface of the coin. The close "AM" version is the more valuable penny of the two. As example; a 1907 Indian penny is available in all grades and affordable. USA Coin Book estimated the value of this expensive penny at $917 in just average condition, but it could be worth almost $2,000 in tip-top shape. My love for coins began when I was 11 years old. If you buy thru these links, we may earn a commission at no additional cost to you. A 1944 Lincoln penny struck at the Denver, Colorado mint facility is nothing special. 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. Since this coin exhibits evidence of circulation and must have exited the mint via regular distribution channels. Coins are in order from Most to Least expensive. There are more than 10 doubled dies for the 1972 Lincoln cent, but Type 1 is the most valuable. This one's going to be tough to find in circulation, but since it was produced after the 1950s, we had to include it. Using a step by step method discovers how much your old pennies are worth. Im a member of the American Numismatic Association (ANA) and the Numismatic Literary Guild (NLG) and have won multiple awards from the NLG for my work as a coin journalist. Close-up images and descriptions of grades are used to judge condition. Pennies Worth Money In the United States over 70 billion pennies have been minted in the last decade alone. *Values are for coins in Extremely Fine-40 grade. Confirm your coin as a half cent by denomination on reverse. It is estimated that only 5 million of these coins were made, and very few of them were saved in uncirculated condition. They are usually dark brown in color, but occasionally red. Up to this point, coin designers used only the first initial of their last name. Mint State Grade: A coin with no wear to the surface is considered Mint State grade. Your email address will not be published. In the United States over 70 billion pennies have been minted in the last decade alone. Its just not worth it. Im the Coin Editor here at TheFunTimesGuide. The collector also ensured that the coin was correctly stored to preserve its color. It is the most valuable Lincoln penny in the world. Penny values span a wide range. At a glance, these coins read In God We Rust, but you may be able to see a faint T on some coins if you look for it. Almost every collector of United States coins began collecting the Lincoln penny. Keep that in mind! Any one of these coins in circulated or uncirculated condition is extremely rare. Note: It's not always easy to see, so consult an expert if you're not sure. The first coin was an uncirculated C mintmark coin that had an RRP of $15 and a mintage of 80,000. In commemoration of the bicentennials of the Louisiana Purchase and the Lewis and Clark expedition, the U.S. Mint resurrected the bison design as part of the four-coin Westward Journey Nickel Series. Brenner added his initials V.D.B. With so many rare coins out there, being a "penny pincher" might not be such a bad thing after all. We look at 10 super rare pennies worth money. Keep coin roll hunting and a. Professional Coin Grading Serviceoffers a coin price guide where you can search for the current value of collectible coins. Sold: March 2014; Heritage Auctions, Atlanta, GA, ANA National Money Show US Coins Signature Auction. Because they were minted at the height of the Great Depression, not a lot of Uncirculated 1932 examples were initially saved, making top grade 1932 Washington quarters a rarity. For official written appraisals for insurance and estate planning, expect to pay $75 to $150+ per hour. It's not going to really give you an accurate value, but it'll give you an idea of what the value is relative to the most common issue of a type.. The doubling occurs from mistakes in the minting process, James Bucki, a coin expert at The Spruce Crafts, explained to CNBC Make It. Are you concerned the precious metals train has left the station without you. Visitors can click on the links in the list below to view larger images of both sides of the coins (mint mark locations, error/variety diagnosis, etc), detailed pricing data for various conditions/grades of the coins, mintage figures, metal composition, history and other encyclopedic information regarding each individual coin. What follows are the 11 through 25th most valuable pennies: 1917 doubled die Lincoln Wheat Penny, $1,350 1909-S VDB Lincoln Wheat Penny, $1,025 1869/9 Indian Head penny, $865 1858/7 Flying Eagle penny, $760 1914-D Lincoln Wheat Penny, $760 1909-S Indian Head penny, $750 1872 Indian Head penny, $625 1869 Indian Head penny, $450 Here are some examples of pennies that are worth looking out for: 1. The better the quality of the coin, the more it could be worth. And heres the story behind zinc pennies. The year 1971 was a good one for penny collectors. What years of pennies are worth money? Scarcity and rarity from one date to the next vary greatly within each series. 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. Today, these coins are all accounted for, and two are on display in museums. "One-cent coins have been around since the beginning of the U.S. monetary system," Stone said. Similar to the other 1944 pennies mentioned here, there were only two San Francisco-minted steel pennies produced in 1944. 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. 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 Mercury dime dates can be obtained with little difficulty, though some are extremely rare in high grade. However, during the transition, some 2008-W Silver Eagles were accidentally stamped with the pre-2008 design. Collections are built with a focus on dates and date runs. Five coins were confiscated and destroyed before they were acknowledged as being genuine. Bottom line: The 1955 Doubled-Die Obverse (DDO) Penny is one of the most famous examples of design doubling on coinage. These coins in circulated condition are also valuable, but uncirculated coins are extremely rare. To hold an 1877 Indian Head Penny in uncirculated condition is an extreme rarity given the poor economic conditions of that year. However, the financial hardship of the time (including the economic downturn following the "Panic of 1873") meant that few people were able to save coins for their collections. He estimates that a coin in new condition could be worth around $500, while a used one could fetch up to $45. Although the doubling is not as dramatic as the 1955 doubled die obverse, it is evident with low-level magnification. 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. If your coins are not worth money as a collectors item but contain precious metals like gold and silver, you can sell them for their scrap metal value. Take, for instance, the popular 1909-S VDB Lincoln cent. For instance, Denver only minted seven of the 1944 steel pennies, making it the second rarest mint mark out of all three mints. Some of these Wheat pennies are not as common as once believed. 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. They're worth far more than the famous 1909-S VDB penny - the rarest regular-issue Lincoln cent: The 1944 steel penny is worth between $75,000 and $110,000, depending on its condition. There's also some light doubling on the date. Lincoln Memorial pennies are very common, and you can find most dates in circulation today. 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. Though theyre a fun find, these coins arent that valuable you can buy one on ebay starting at about $6. "These are one of the easiest valuable pennies to find," he said. Looking for the Most Valuable Pennies Ever Made regardless of date click the link. Instead, Teitelbaum turned them over to the Secret Service. Condition is one of the subtle steps affecting penny values. 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. Real Helpful. 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. Such a clean example of doubling has made it one of the most popular and valuable DDOs in existence. As a result, saving even a penny for a coin collection was not an option for most Americans. This penny is the undisputed "King" of Canadian Pennies! If you want to sell your collectible coins for the most money, Winter recommends finding a large national dealer or a reputable local dealer who is a member of the Professional Numismatic Guild. You'll also spot a faintly visible ghost-like "D" mintmark floating halfway above the primary "D" mintmark. 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. 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. Since pennies hold a special place in almost every coin collector's heart, demand for high-quality coins can drive the value through the roof. A doubled die coin of any era is usually pretty scarce to begin with, but an Indian Head cent is scarcer still. 1873 doubled Liberty closed 3 Indian Head penny, $2,400 Another doubled die cent, this piece features doubling in the word LIBERTY. A coin in good condition could go for about $75,000. The Red Book, A Guide Book of United States Coins 2022 75th Edition, Pittsburgh Magazine's '40 Under 40 Honorees', Doubling to the Southwest on all four digits on the date, IN GOD WE TRUST on the other side doubled toward the East, D: Dahlonega Mint (coins from 1861 and earlier Denver didnt open until 1906), 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, 10% bonus if you send in your item within 7 days. 1999 wide AM penny is the most popular and valuable '' are.! Obverse of a coin as the 1955 Doubled-Die obverse ( DDO ) is... Be such a bad thing after all confiscated and destroyed before they were acknowledged as being genuine the... As dramatic as the front or `` heads '' side usually bearing a portrait. that looks like surface! 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