10 Lincoln Penny Coins That Could Make You Rich: If you’re passionate about coin collecting, particularly Abraham Lincoln pennies, you’re in for a treat. The Lincoln Memorial pennies, minted from 1959 onwards, have become iconic in the numismatic world. Some of these pennies are incredibly rare, with certain specimens fetching thousands of dollars due to minting errors or unique features. Here’s a look at the most valuable Lincoln Memorial pennies, their distinguishing characteristics, and what makes them worth your attention.
1. 1983-D Bronze Penny
In 1983, the U.S. Mint transitioned from producing copper pennies to zinc-core pennies. However, a small number of bronze pennies were still minted that year, making them a highly sought-after rarity among collectors. One standout is the 1983-D bronze penny, which is especially valuable if found in pristine condition. A coin graded MS67 can sell for around $1,400.
Why It’s Valuable:
The rarity of the bronze pennies from 1983 and their transition error makes them a must-have for serious collectors.
2. 1969 Doubled Die Penny
The 1969 Lincoln Memorial penny features one of the most famous errors in U.S. coinage: a doubled die. The doubling is visible around the words “LIBERTY” and “IN GOD WE TRUST,” making it highly collectible. Only a few dozen of these coins exist, which contributes to their high value. In 2005, one coin graded MS64 sold for an astounding $126,500.
Why It’s Valuable:
The rarity and distinct visual appeal of the doubling error make this penny a collector’s dream.
3. 1981-S Type II Proof Penny
The 1981-S Type II proof penny features a sharper mint mark than the Type I version, making it a more collectible coin. These proof coins, particularly in high grades like PF68, can fetch between $900 and $1,200.
Why It’s Valuable:
The enhanced mint mark and proof quality make this coin desirable, especially for proof collectors.
4. 1983 Doubled Die Reverse Penny
The 1983 doubled die reverse penny is notable for the doubling on the reverse side, particularly around the phrases “E PLURIBUS UNUM” and “ONE CENT.” A MS68 graded coin of this variety has been sold for around $7,050.
Why It’s Valuable:
The striking doubling error on the reverse side makes it a sought-after coin for collectors looking for unique minting flaws.
5. 1979-S Type II Proof Penny
Similar to the 1981-S Type II penny, the 1979-S Type II penny has a sharper and clearer “S” mint mark. This proof coin, in high grades, has reached auction prices as high as $4,000.
Why It’s Valuable:
The distinct mint mark and proof characteristics make this penny particularly valuable in high grades.
6. 1998 Wide AM Penny
The 1998 Wide AM penny is an accidental error where a business strike obverse was paired with a proof reverse die. The result is a noticeable gap between the “A” and “M” in “AMERICA,” which is the hallmark of this rare coin. High-grade examples of this penny can sell for more than $5,000.
Why It’s Valuable:
The wide gap in “AMERICA” makes this coin a desirable find for collectors of error coins.
7. 1992 Close AM Penny
In contrast to the 1998 Wide AM penny, the 1992 Close AM penny features the letters “A” and “M” in “AMERICA” that are spaced closely together. This rare transitional error makes the coin valuable, with MS67 examples fetching as much as $25,850.
Why It’s Valuable:
The unique spacing error between the letters “A” and “M” makes this penny a rare and highly prized find among collectors.
8. 1971-S Doubled Die Obverse Penny
The 1971-S Doubled Die Obverse penny features clear doubling on “LIBERTY” and “IN GOD WE TRUST.” With a cameo finish and strong doubling, this coin has sold for around $3,220 in auction.
Why It’s Valuable:
The noticeable doubling on the obverse, especially with a cameo finish, makes this penny a standout in any collection.
9. 1970-S Small Date Penny
The 1970-S Small Date penny features a small date that differs from the Large Date counterpart in its numeral alignment. This coin is highly coveted, with PF69 Deep Cameo examples fetching as much as $18,400 at auction.
Why It’s Valuable:
The rarity of the Small Date variety and its high-quality versions make this penny a valuable find.
10. 1960-D Over D Small Date Penny
The 1960-D Over D Small Date penny showcases a repunched mint mark, with a small date struck over a larger one. In mint condition, these coins can reach values of $4,025 or more.
Why It’s Valuable:
The repunched mint mark and small date error make this penny an intriguing and valuable piece for collectors.
Why Lincoln Memorial Pennies Are Worth Collecting
Lincoln Memorial pennies offer a wealth of rare and valuable coins, especially those with minting errors or unique proof characteristics. These pennies are valuable for their rarity, collectible features, and historical significance.
Where to Find Valuable Lincoln Memorial Pennies
While many of these rare coins are difficult to find in circulation today, it’s still possible to encounter them in pocket change or through rolls from the bank. Keep an eye out for coins with noticeable minting errors or those in excellent condition, as these tend to hold the most value.
FAQs
What is the value of a 1983-D bronze penny?
A 1983-D bronze penny can be worth around $1,400 if it’s in mint condition.
How rare is the 1969 doubled die penny?
The 1969 doubled die penny is extremely rare, with only a few dozen examples known to exist.
What’s special about the 1998 Wide AM penny?
The 1998 Wide AM penny is notable for its wide gap between the “A” and “M” in “AMERICA,” making it a highly sought-after error coin.
How do I spot a 1970-S Small Date penny?
The 1970-S Small Date penny has smaller numerals, with the “7” aligning with the other digits in the date.
Why is the 1992 Close AM penny so valuable?
The 1992 Close AM penny is a rare transitional error where the “A” and “M” in “AMERICA” are narrowly spaced, making it highly valuable to collectors.
Lincoln Memorial Pennies offer a world of valuable treasures for collectors—whether you’re seeking rare transitional errors, high-quality proofs, or unique minting flaws. Start your hunt today and you might just discover a fortune hiding in your spare change!
