The most valuable 1973 penny ever sold was graded MS67+RD by Professional Coin Grading Service. With so many rare coins out there, being a "penny pincher" might not be such a bad thing after all. A typical example, such as an Indian penny in fine grade, has flat areas within the hair and face and above her eye. You get additional points when you start to build up a streak. For Barber, Liberty Nickels and Indian Head Cents coins the 7 letters of the word LIBERTY should be visible even if some are ill-defined. Low grade examples can sell for around $30-$50, while high end mint-state examples can sell for between $3,000-$10,000 at auction. In 1943, due to the United States' involvement in World War II, the United States Mint had to replace the use of copper for steel for the wheat cents. Year: 2022. Depending on its condition and market, an 1873 Indian Head Penny is worth between $250 and $10,000. This penny was only a trial for a new smaller size penny, so only about 1,000 to 2,500 of them were ever minted, making them extremely rare. Additionally, it was extremely well-struck, as evidenced by the minutest details present on the coin. The large letters proof coins are worth up to $25,000, depending on the coins condition. Superb Gem Uncirculated (MS-67): Strong coinage with some imperfections. Mintmarks are listed and valued on Indian and Lincoln value charts. For uncirculated coins, there are 11 other grades that are usually called Mint State (MS) although they are also assigned denominations such as Uncirculated (Unc.) As a result, demand for United States coinage was at an all-time low, and families struggled to make ends meet. It looks like you're seeing double," said Bucki. Sold: February 2016; Heritage Auctions, Long Beach, CA, US Coins Signature Auction. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. Its relatively easy to distinguish the two varieties; the A and M in AMERICA touch the large letters version, while the letters are separated on the small letters version. It is also used to grade Proof pieces the 11 levels of MS although with its own acronym, ie PR-60 (=MS60), PR-61 (=MS61), PR-62 (=MS62), etc. But the move needed Congressional approval, so the mint produced a batch of about 800 of the new pennies and presented them to the lawmakers. Value: The 1914 S Lincoln wheat cent is worth an average of $28 and as high as $1,500. I Found This 1984 Penny And It Is Worth $4,000! These coins are significantly more common than other rare issues. Gem Uncirculated (MS-66): Very good coinage with few stripes/marks. Obviously, some mint years may be worth considerably more than others, while the minting location may also play a role in the value of a penny. And oh my god that was a big dealwe bought tons of dinarjust at the idea that it would come in at 4 cents. The most valuable 1909 S Indian Head Penny that is in excellent condition is worth up to $1,000. This coin was first discovered in 1970 and was reported by Coin World on the front page in its July 8, 1970 edition. A brown 1965 Lincoln Memorial penny in good (G-4) or about uncirculated (AU-50) condition has an estimated value of $0.05. There are six known examples of this error being produced at the San Francisco mint in 1943. One factor contributing to this coin's significant value is its low mintage. Each series page covers grading in detail. These large numbers of collectors, building collections are putting a heavy demand on the rare dates and better condition coins. We refer in these grades to coins that show no signs of having circulated and are well minted but may have marks or scratches from handling or storage, discoloration in glosses, or the odd tap. Some of these Wheat pennies are not as common as once believed. Very Good, very good (VG-8): They are still exemplary with important wear but the main characteristics can be appreciated, although very smoothly. It is estimated that fewer than 20 were released by each of the Philadelphia and San Francisco mints. Superb Gem Uncirculated (MS-69): Perfectly coined with imperceptible imperfections, needing to be enlarged to see them. Not because of its date of minting, but because of its die variety. Blank penny coins are very common since the United States Mint distributes them at no charge to Boy Scouts and Girl Scouts who earn the Coin Collecting Merit Badge. 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. 1926 Wheat Cent with no mint mark References and sources One with a "D" mintmark in Extremely Fine condition could sell for about twenty cents. The VDB pennies minted in the San Francisco Mint are the rarest. Proof coins can fetch $160 or more. Flying Eagle Penny Values | Discover Their Worth. The United States Mint started its production in January of the following year. How much is it worth? Another example of a re-punched coin, an S was originally punched and then covered up with a D. Value: The value of this coin ranges from $40 to about $260. (Note: Most of the coin prices are realistic amounts that a dealer will pay you. Up to this point, coin designers used only the first initial of their last name. Wanted to share with you guys. Value: The value ranges from $500 to around $1,900. A quick look at the value chart shows a big change in how much your box of old pennies is worth. The design that is used in a particular denomination of coin over time is known as its type. That initial year had two versions. Legends re-created. 2023 SD Bullion, Inc. All rights reserved. Why are Central Banks Buying So Much Gold Now? Circulated Lincoln Wheat cents with soft even toning, highlighting the remaining design, are appealing to beginning collectors. The new penny would have the Lincoln Memorial as a motif, substituting the popular wheat stalks. View the average prices of certified Penny 1934 sold at auctions . In 1864, the Civil War was dragging on, and the United States economy was extremely fragile. Value: The value of this coin ranges from 95 cents to as much as $700. A full red uncirculated 1943 penny from the Melbourne, Perth, or Bombay Mint is worth up to $250. versions. Value: The value of this penny ranges from $1.95 to around $850. For example: the reverse of a Lincoln cent features fine parallel lines in the "wheat" design. Minda Zetlin is a freelance writer covering business, money, tech and collectibles. Very Fine, Very Good/Very Fine (VF-35): Full details but the highest points of the design are worn. Michael is a contributor to SD Bullion and the founder of Your Money Geek, where he is on a mission to make finance fun. What is the Australian 1943 penny worth? If it sticks to the magnet it will be legit, otherwise, it is not. Although a wheat penny's face value is one cent, as a good rule of thumb, all wheat pennies, including common dates, are worth more than their face value. The views expressed may come from different individual authors and may not necessarily reflect those of the website or other organization. In 1943, the U.S. government decided that the U.S. Mint would use steel to mint pennies instead of copper to conserve the copper supply for military purposes during World War II. Collections are built with a focus on dates and date runs. Note: Images within blue borders are Links to the Penny Values series. Due to its value, some counterfeits were created with steel cores. (Most pennies minted that year have very definite spaces between those letters.). Accidents can produce the rarest coins. A very popular and recognizable coin; from beginner to advanced collectors, all enjoy the collecting of Indian Head pennies. First minted in 1787, the U.S. penny has been one of the mainstays ofAmerican coinage. Four are within the Lincoln cent series, different mints and sub-varieties. The official mintage for this date is 1,019,022 and while a few more were struck than the lower mintage 1925, it appears as though far fewer survived. Good Grade: Heavy wear and a lack of remaining design is typical of a penny in Good grade. In 1877, the economic slump that began in 1873 continued with full force. Eighty of the high-quality large letters proof were minted, and 200 of the high-quality small letters proof were minted. The incorrect use of brushes or cloth can cause unwanted scratches or tears. Many early era copper coins in a pleasing Fine grade are very collectible and valued. Its rarity makes it a key date and one of the pennies worth the most money in the series. Or, for simpler attempts, soaking the coins in a vinegar solution would be a safe way to clean Wheat Pennies. The United States Mint in 2010 permanently changed the reverse of the Lincoln cent to feature a shield with E PLURIBUS UNUM at the top and a banner emblazoned with ONE CENT across the shield. This is one of the most exceedingly rare and intriguing Lincoln cents. Early Jefferson Nickel Values 1938 - 1964, factors determine the exact value of a coin. Slightly more than 4 million of them were minted. Pennies minted in zinc-coated steel planchets in 1944 are pretty scarce and, of course, highly valued by coin collectors. It is unknown how only three examples got to leave the United States Mint facility in Philadelphia, but because all of them are in Mint State Red condition, it is speculation that they may have been smuggled out of the mint by an unscrupulous mint employee. In 1944, Lincoln pennies were reverted to the original bronze alloy made of 95 percent copper and 5 percent tin. and non V.D.B. No dings, scratches, the weight is right and it rings like copper. Poor, poor (P-1): Few currency details. Additionally, the value of a particular coin can vary between markets and coin dealers. The 2021 penny with no mint mark and the 2021 D penny are each worth around $0.30 in uncirculated condition with an MS 65 grade. In 1914, it cost one penny to post a letter. But while this coin is rare and carries the face of the beloved President Lincoln on the obverse side, it is typically not worth much. Uncirculated (MS-61): Basically differs from the previous one in that the dashes, marks, etc. (see details) Total Produced: 22,510,000 [?] Both PCGS and NGC use the + symbol for the graduations of some parts and levels. Besides being the first strike dating back to 1909 for widespread circulation, the US Mint produced a limited edition of 484,000 units. 0. For instance, a 1944 penny in certified mint state (MS+) condition can fetch between $6 and $8 at an auction. The reverse originally featured two stalks of wheat and this type was known as the Lincoln Wheat Penny. Coleccionistasdemonedas.com Estimated Value of 1943 Steel Penny today is: In average grades can be found between $0.09 and $0.14. Admittedly not the most popular coin, however those collecting the series are very serious. "I've found one myself.". Coins in this grade are so good that they are often confused with MS grades (the higher grades we will see below). According to the official Red Book, this Lincoln cent coinage by the Philadelphia mint is a treasure for coin collections, as it can be worth nearly $3,000. Very Fine, very good/very fine (VF-25): Almost complete details with very smooth design areas. Value:In average condition, this penny will be worth around $950 and in mint condition around $2,200. It is worth significantly more than its face value in any condition. The cent's color can be graded as RD for red (the best grade), BN for brown, or RB for reddish-brown. The 1856 issue of the Flying Eagle Penny is the rarest of the three issues, making it the most valuable. Other examples of valuable wheat pennies include the 1909-S VDB Lincoln Wheat Penny, the 1944 Steel Penny, and other variations of the 1943 Bronze Penny. How much is a penny blank worth? The most advisable way to sell them is to find a trustworthy dealer who can evaluate your coins appropriately and offer a fair deal. Most major and minor design features are now a flat surface. Valuable because they are so popular. When the U.S. switched from bronze alloy to zinc-plated steel pennies in 1943, only a relative handful of bronze pennies slipped through. You do the same comparing to images of the different grades and matching your coin. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. One example circulated for a while before being picked up by a collector. Coining was weak. They were made of 95% copper until 1982. Sold: August 2014; Heritage Auctions, Chicago, IL, ANA US Coins Signature Auction. 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. The 1967 penny had two versions minted one being the "Memorial" penny, and the other being the "Shield" variety. The 1944 Wheat penny without a mint mark is worth about 15 cents. Marks, stripes and other minor flaws. About Uncirculated (AU-50): The part is slightly worn by more than 50%. If it sticks, it's not copper. 1944-D Lincoln Penny on a Zinc-Coated Steel Planchet, Lincoln Wheat Penny Key Dates, Rarities and Varieties, 10 Rarest and Most Valuable Coins in the World, Kennedy Half Dollar Values and Prices (1964-2015), The 1943-S Copper Penny Found by Kenneth Wing. This issue is considered an important date penny and is also the most valuable of the non-error Wheat Pennies. 2022 NATIONWIDE COIN & BULLION RESERVE. You can expect your coin to fetch between $0.80 and $65 in circulated condition. This made is difficult for the federal government to obtain the metal needed for minting coins. Sold: January 2013; Stack's Bowers Galleries, Americana Auction. The 1934 wheat penny is only one in a long line of the wheat penny or Lincoln cent coinage. Wheat pennies begin at 2 cents to highs found with early colonial large cents valued in the thousands. The 2020 penny with no mint mark and the 2020 D penny are each worth around $0.30 in uncirculated condition with an MS 65 grade. Although there is some argument that mint workers actually struck these coins on bronze alloy planchets on purpose, it is more probable that a few bronze planchets left over from the previous year got stuck on a conveyor belt or tote and was incorporated into the regular striking process. These steel planchets were used primarily in 1943. Two are Indian pennies, from different mints. When you reach the 8th day, the streak resets. | Melt Value? Three Mints produced the 1914 Lincoln Wheat Penny: San Francisco, Denver, and Philadelphia. Carefully examine your coins for condition. The retail value of a 1929 australian penny can range. According to the USA Coin Book, the 1941 D Washington quarter is valued at $6.18 in Average Condition and can be for $38 to $81 or more in Uncirculated (MS+) Mint Condition. Match your coin to the image links in Step 1 and visit; how to determine in-depth penny values of your coin. The record price for a 1943 Copper Wheat penny is the 2010 sale of the 1943-D for $1,750,000. 1,193,000 1914-D Pennies were minted, but experts say this issue has one of the lowest survival rates because these coins had a heavy circulation and have since been lost or damaged. Visit the series page for value charts and details on how to value your old penny. How much is a 1943-d steel penny worth in 2023? These steel planchets were used primarily in 1943. - Last updated: August, 30 2022. For most pennies, those minted in recent years are worth, well, a penny. Gem Uncirculated (MS-65): Good coinage with small marks or stripes. | Melt Value? Step 1 above are image links to match your coin. Old coins and collections are enjoyed because the eye appeal and aesthetics of each example in the set. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. So before you say, "Keep the change," check to see if you have any of these valuable pennies: Only a handful of these bronze pennies have been discovered, including the one found by Lutes. 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." Get DIY project ideas and easy-to-follow crafts to help you spruce up your space. The amount of copper in a pound of copper is 454 grams. Sold: January 2008; Heritage Auctions, Orlando, FL, FUN Signature Coin Auction. Good, good (G-4): High wear, little visibility of details but letters and digits are almost clearly visible. As a general rule, to be accepted to enter this category, Barber, Liberty Nickels and Indian Head Cents must have at least 3 letters of the word LIBERTY visible. Special examples (especially those in near perfect condition) can be worth much more. Of course, the rarest wheat pennies carry higher premiums and will cost you, well, a pretty penny. Cool 2. (Collectors refer to the obverse of a coin as the front or "heads" side usually bearing a portrait.) For the rest, the standard price is $175. About Good, almost good (AG-3): Most of the design is appreciated. To lower costs, the United States Mint sought to reduce the size of the penny (to its current diameter). There are few. Select Uncirculated (MS-63): Abrasions less than the previous grade. These tiny pieces rank third in this select group, and by its condition of rare coins struck at the Denver Mint (hence the D) can fetch prices of up to $5,500. In other words, this is actually an extremely rare error coin. Less than one million of these coins were issued in 1877. The wordpennyhas been around since medieval times, and the name of the U.S. penny comes from the British coin with the same name. The 1999 Wide AM penny is the exact opposite of the 1992 Close AM. Sold: March 2018; Stacks Bowers; Baltimore - Session 3 - Rarities Night Including the ESM Collection. (Note: Most of the coin prices are realistic amounts that a dealer will pay you. These steel coins can be sold to an any American coin collection for values ranging between $77,000 $100,000. In addition to the penny's mint year and edition, the coin's overall condition is important when it comes to determining its value. At least, that's what was supposed to happen. Also, look for the letter "S" right below the year 1969, which means it was created at the San Francisco Mint. He has over 50 years of numismatic and writing experience, including a monthly magazine column for the American Numismatic Association. Large cents with pleasing surfaces, lacking deep marks are somewhat elusive and special coins. You never know, one of your pennies could be worth the price of a nice dinner or a whole lot more. PCGS assigns the + only for the 30% of the parts with the greatest visual appeal for grades XF-45 to MS-68. Any one of these coins in circulated or uncirculated condition is extremely rare. Most Lincoln Memorial Pennies are only worth face value unless they have their original copper luster from the Mint. The uncirculated 1982 pennies go for a much higher price. Looking for more? As the Lincoln Wheat Cents were produced for 50 years, some mintages and variations are rarer than others, therefore, extremely valuable to collectors. The high value of this coin is due to its uncirculated condition and its original copper-red color. The rarity of this double pack comes from the fact that it is not even clear that it ever made it to retail, with many copies coming directly from Nintendo's own warehouse facilities. Match your coins to each penny series value chart. If your penny is the Small Cent type, it will be about the same size as the ones we use today although it might be a tiny bit heavier. However, a steel planchetleft over from 1943 must have found its way into the coining press. This alloy is slightly heavier than the current zinc-plated alloy that the mint is currently using. When the right coin is available and is needed for their collection, none hesitate to pay. Worked out to $155.15 Will be interesting to see how much actual value we get out of the books. The most expensive piece from this mint is the 1935 S MS 67 Lincoln penny. BA in History and BS in Computer Science. The No D variety is the most valuable. Their demand is supporting strong values, high condition examples are avidly sought. In 1909, The United States Mint replaced the Indian Head penny with the Lincoln cent. Washington quarters have a face value of $0.25 or quarter dollars and a melt value of $4.34. The store will not work correctly in the case when cookies are disabled. How much is a 1944 wheat penny worth with no mint mark? These new coins are known as the Lincoln Shield Reverse penny. Accurate recognition of dates also becomes important when separating variety and value. How much is a penny worth? Are wheat pennies worth anything? These are extremely rare and are worth up to $30,000. Given the price of these 1943 Lincoln wheat pennies with copper, many counterfeits are in circulation. The coin commemorates the government's commitment to celebrating diversity. The error can be seen in the word Trust and on the date. Its value does not correspond to their size at all keep reading to know more. Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. Large cents, recognized by the denomination on the reverse, are worth close inspection. Most of the large cents struck in 1857 never entered circulation and were later melted down. This article will answer the two key questions about the Lincoln wheat pennies: What are the most valuable wheat pennies tocoin collectors(i.e. These pennies are so rare that in the 1940s, there were even rumors that Henry Ford would give a brand new car to any finders of these rare copper pennies. Within the different series of copper US coinage are certain qualities setting one coin apart from others. Grading is judging the surfaces and identifying the amount of wear or lack of wear. 10/7/2021. For the best experience on our site, be sure to turn on Javascript in your browser. The edges start to be distinguished from the coin field, and some contours of the coin images. Here is our pennies worth money list based on recent auction records. This came about because in the 1990s and early 2000s, the Mint used different dies for producing coins for circulation and proof coins for collectors, explained Bucki. 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. Most pennies are worth 1 cent, but to coin collectors, some are worth more than their weight in gold. Worth the read. An Extremely Fine coin with traces of mint red might be worth $20, almost uncirculated coins worth perhaps $50-$75. Typical uncirculated specimens are worth 10 to 30 cents. Also, they are one of the most counterfeited coins two. Those in better condition can have double-digit value. Additional video helps to identify many subtle points to grading coins. Make sure you purchase them through a trusted coin dealer or by an authenticated example that is encased by a third-party grading company. These coins have been given the designation King of Lincoln Cent Varieties due to the doublings dramatic extent. As a result, saving even a penny for a coin collection was not an option for most Americans. A regular penny in a circulated condition typically costs about $0.10 to $2, while those in the mint state can reach $4 to $25. JavaScript seems to be disabled in your browser. For the world's rarest and most coveted pennies, values are well over $100,000 and approaching $2 million. Today, the 1943 bronze Lincoln cent is described as "the most famous error coin in American numismatics" and the odds of finding one are astronomically against. If you think you've found a valuable penny, Stone suggests consulting a professional. The officialU.S. Mintname for the coin is the cent, and the official U.S. Treasury name for it is one-cent piece.. While Copper Pennies, for instance, weigh 3,11 grams. Also, the 1909-S (no VDB on the reverse), the 1914-D and the 1931-S are also valuable coins in any condition. Sold: August 2008; Heritage Auctions, Baltimore, MD, ANA US Coin Signature Auction. Small Pieces of Copper Worth Huge Amounts of Money. or red (R.D.) The low mintage alone makes this coin extremely rare, but the brilliant colors that resulted from a coin being stored for 100 years makes this coin extremely attractive to collectors. Im a member of the American Numismatic Association (ANA) and the Numismatic Literary Guild (NLG) and write in several digital media specialized in collecting, auctions and antiques reviews. 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. In that case, I recommend that you find an honest coin dealer to help you evaluate them, as Large Cents have many different varieties for most dates and shouldn't be priced using an online price guide if you want maximum money for them. Close-up images and descriptions of grades are used to judge condition. As mentioned above, 1943 cents should have been minted with steel rather than copper due to the country's efforts in World War II. Luckily its very simple the word Liberty on the Indians head appears double-embossed (see image below for reference). Sold: October 2011; Heritage Auctions, Pittsburgh, PA, Signature Auction. Value: The value ranges from $1.25 to about $900. Ed. 1922 D Lincoln Wheat Penny 6. Value: Without a mint mark, it ranges in value from about 35 cents to $1,000. Coins are worth at least their face value. President Theodore Roosevelt commissioned a revamp in the American coinage at the time. 4 It contains about 2.95 grams of copper, and there are 453.59 grams in a pound. 1856 through 1858 cents stand out as sought-after collector coins because of the bold flying eagle design. The most coveted is the one without the D, which could be worth several thousand dollars $33,000. The value of a Penny 1934 australian coin depends on several factors such as quality and wear, supply and demand, rarity, finish and more. Fine Grade: Moderate wear on most of the coin and heavy wear on high points describes overall the Fine grade.