Lincoln pennies, introduced in 1909, are an integral part of American coinage history. While many are commonplace, some editions stand out due to unique errors, low mintages, or distinctive designs. Let’s look into eight of the most valuable Lincoln pennies and their remarkable characteristics and market values.
Table of Contents
1955 Doubled Die
The 1955 Doubled Die Obverse penny is one of the most iconic error coins. Its misaligned die caused doubled inscriptions, especially in “LIBERTY” and the date “1955.” With only 20,000–24,000 coins entering circulation, it remains a prized collector’s item, valued at $1,000 to $15,000 depending on condition.
1922 No D
In 1922, Denver was the only Mint producing Lincoln cents, marked by the “D” mint mark. However, some coins lacked this due to excessive die polishing, creating the “No D” variety. This rare anomaly is highly sought after, with values ranging from $500 in lower grades to over $20,000 in mint condition.
1943 Bronze
To save copper for WWII efforts, the U.S. Mint produced pennies in zinc-coated steel. Yet, a few leftover bronze planchets were mistakenly struck in 1943. These coins are incredibly scarce and can command over $1 million in auctions due to their rarity.
1944 Steel
When the Mint returned to bronze in 1944, some steel planchets from 1943 were accidentally used. These rare 1944 Steel pennies can fetch between $75,000 and $100,000 or more, depending on their grade.
1969-S Doubled Die
This penny exhibits clear doubling on the obverse inscriptions, including the date and motto. Initially mistaken for counterfeits, fewer than 100 authenticated examples exist. These coins hold immense value, ranging from $50,000 to $70,000 in high grades.
1972 Doubled Die
The 1972 Doubled Die Obverse penny is another favorite among collectors. Its inscriptions, including “IN GOD WE TRUST,” show prominent doubling. Uncirculated examples of this error coin are worth between $200 and $1,000.
1992 Close AM
A rare die error caused the “AM” in “AMERICA” on the reverse to appear closer together than standard in some 1992 pennies. Known as the Close AM variety, these coins can sell for $5,000 to $25,000 in high grades.
1999 Wide AM
On the other hand, the 1999 Wide AM penny shows greater spacing between the “A” and “M” in “AMERICA.” While less rare than the Close AM, this error still holds value, with uncirculated examples worth $100 to $500.
| Year | Variety | Description | Value Range |
|---|---|---|---|
| 1955 | Doubled Die Obverse | Doubling of inscriptions and date | $1,000 – $15,000 |
| 1922 | No D (Plain) | Missing mint mark | $500 – $20,000+ |
| 1943 | Bronze Cent | Bronze planchet error during wartime | $100,000 – $1M+ |
| 1944 | Steel Cent | Steel planchet error post-war | $75,000 – $100,000+ |
| 1969 | Doubled Die Obverse S | Doubling on inscriptions and date | $50,000 – $70,000+ |
| 1972 | Doubled Die Obverse | Doubling on obverse inscriptions | $200 – $1,000 |
| 1992 | Close AM Reverse | Narrow “AM” spacing on reverse | $5,000 – $25,000 |
| 1999 | Wide AM Reverse | Wider “AM” spacing on reverse | $100 – $500 |
Whether you’re a beginner or an experienced coin enthusiast, hunting for these rare Lincoln pennies can be an exciting venture. Always authenticate and grade coins through professional services to fully appreciate their value and historical significance.
FAQs
What makes 1955 pennies valuable?
The 1955 Doubled Die shows doubled inscriptions, making it rare.
What is the 1943 bronze penny worth?
It can be worth over $1 million due to its rarity.
Why is the 1992 Close AM rare?
It was caused by the accidental use of a proof die.
What is the value of a 1922 No D penny?
Its value ranges from $500 to $20,000+ depending on condition.
How can I authenticate rare pennies?
Professional coin grading services can authenticate them.
