Lincoln pennies have a storied history, and for collectors, some editions stand out due to their rarity, design errors, or unique historical significance. If you’re a fan of Abraham Lincoln and enjoy coin collecting, here’s a list of the most valuable Lincoln Memorial pennies, some of which could be worth thousands of dollars.
Table of Contents
1983-D Bronze Penny
In 1983, the U.S. Mint transitioned from copper to zinc core pennies with a thin copper coating. This change sparked interest among collectors, especially in the bronze pennies accidentally struck in Denver.
- Key Details: Composed of 95% copper.
- Value: A mint condition (MS67) coin can sell for $1,400.
1969 Doubled Die Penny
Known for its visible doubling on “LIBERTY” and “IN GOD WE TRUST,” this rare coin is highly sought after.
- Notable Features: Doubling visible to the naked eye.
- Auction Price: An MS64 example sold for $126,500.
1981-S Type II Proof Penny
The “S” mint mark on these proof coins has distinct clarity compared to earlier issues, making them a collector’s favorite.
- Details: Type II mint mark with sharp serifs.
- Value Range: Between $900 and $1,200 in PF68 or higher.
1983 Doubled Die Reverse Penny
Doubling on the reverse side, especially around “E PLURIBUS UNUM” and “ONE CENT,” makes this coin stand out.
- Unique Element: Strong visible doubling.
- Auction Value: An MS68 grade sold for $7,050.
1979-S Type II Proof Penny
This penny features a more legible “S” mint mark compared to Type I proofs, which makes it rarer and more valuable.
- Distinction: Clear mint mark.
- Highest Sale: $4,000 for a premium proof.
1998 Wide AM Penny
A striking error caused this penny’s “AMERICA” to display a wide spacing between “AM.” This feature is typically found on proof coins but appears here on business strike versions.
- Rarity: Most valuable in MS67 or higher grades.
- Value: Up to $5,000.
1992 Close AM Penny
This penny features a “close AM” design error, a rare transitional detail meant for 1993 coins.
- Details: The “AM” letters are close together.
- Noteworthy Sale: A Red MS67 example sold for $25,850.
1971-S Doubled Die Obverse Penny
With noticeable doubling on “LIBERTY” and “IN GOD WE TRUST,” this proof penny is a must-have for enthusiasts.
- Value: Cameo versions are especially prized.
- Record Price: $3,220 for a PF67 cameo.
1970-S Small Date Penny
This penny features a smaller date, distinguishable by the alignment of the number “7” with the rest of the date.
- Collector Appeal: The “Small Date” design is rare.
- Highest Value: A Deep Cameo proof sold for $18,400.
1960-D Over D Small Date Penny
This coin features a repunched mint mark and date error, making it a fascinating addition to collections.
- Unique Error: Overlapping “D” mint marks and a small date struck over a large date.
- Sale Price: $4,025 for an MS66 specimen.
Collecting Lincoln pennies can be incredibly rewarding, both for their historical significance and potential value. Keep an eye out for these rare finds, and who knows—you might have one of these treasures hiding in your pocket change.
FAQs
What makes a penny valuable?
Errors, rarity, and mint condition increase a penny’s value.
What is a doubled die penny?
It’s a coin with visible design doubling due to die misalignment.
How can I spot a 1998 Wide AM penny?
Check for a wide gap between the ‘A’ and ‘M’ in AMERICA.
What is the rarest Lincoln penny?
The 1969 Doubled Die penny is one of the rarest.
How do I grade my Lincoln penny?
Use a professional grading service like PCGS or NGC.
