It may be worth taking a look, because many of the most valuable pennies on this list were made in the 20th century. The story behind copper Lincoln Pennies is presumed to be a pure accident at the U. Mint — perhaps a few leftover copper planchets from were stuck in the coining press system and struck with penny dies.
Why so few? Be sure to check your change for this one! It simply is a regular-issue piece that was struck in relatively low numbers. In fact, only , were originally minted, and only a small fraction of pennies from the original mintage remain today. A doubled die coin of any era is usually pretty scarce to begin with, but an Indian Head cent is scarcer still. It was soon learned that only the Denver Mint struck pennies in , and one-cent coins without a mint mark but bearing that date were in fact mistakes.
Perhaps 15, to 20, plain Lincoln Cents were made, but nobody knows the exact number of examples that were made, let alone how many remain to this day.
Most pennies minted that year have very definite spaces between those letters. This came about because in the s and early s, the Mint used different dies for producing coins for circulation and proof coins for collectors, explained Bucki. 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 It's likely that an entire run of , pennies were printed this way, he said.
That makes them much easier to find than the Doubled Die coins. Bucki estimates that at least , coins released with the doubled die. Being more common, they're also less valuable. Once again, the mint erroneously used a proof die to strike normal circulation coins.
Roughly , of these pennies were minted, he said. If you think you've found a valuable penny, Stone suggests consulting a professional. Some auction houses offer free evaluations. Additionally, they can help get your coin certified by a grading service and guide you through the entire selling process. With so many rare coins out there, being a "penny pincher" might not be such a bad thing after all.
You never know, one of your pennies could be worth the price of a nice dinner — or a whole lot more. Minda Zetlin is a freelance writer covering business, money, tech and collectibles. Like this story? Some do it for fun. Others do it with the intent to sell these coins for a profit. Even the penny. Like most coins, the United States penny has seen multiple designs and compositions over the years, and some pennies, especially when carefully stored, are worth far more than the face value of one cent.
Standards have been developed to evaluate coins. A modified version of the Sheldon Scale , which grades coins on a scale from 1 to 70 with 70 being the most valuable , is commonly used. For most pennies, those minted in recent years are worth, well, a penny. Most wheat cents wheat pennies were minted between and are worth about 4 to 5 cents. Those in better condition can have double-digit value. Special examples especially those in near perfect condition can be worth much more.
The open and closed designations refer to the amount of space in the number "3" on the coin, depending on which variety of the numeral was used in the die. One of these with a red-brown coloration and in almost uncirculated condition sold at a Heritage Auction in Pittsburgh in October The Flowing Hair large cent was produced starting in The Liberty Cap style was the third version of the Flowing Hair coin. It was introduced late in and was produced until when it was replaced by the Draped Bust type.
Because of its rarity, even with smoothed surfaces, this one sold on eBay in January f or a lot of money. One or more damaged die at the Denver Mint resulted in coins struck without a mint mark. While most coins without a mark are from the Philadelphia Mint, Denver was the only mint to strike pennies in It is believed that about 15, to 20, coins were produced in this way. The image on the reverse is sharper than that on the face since the die used for the reverse was a fresh one.
This one appears to be uncirculated and properly stored to avoid wear and retain its bright copper-red color.
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