7 Rare Wheat Pennies To Collect & What Theyre Worth Today, All Lincoln wheat pennies made from 1909-1958. However, newspaper reporters had an issue with the placement of the initials, which were located on the bottom of the reverse side of the coin, according to Professional Coin Grading Service president Ron Gruth. Damaged coins or those grading lower based on wear will be worth less than the coin values listed above. That may seem like nothing unusual but some of these have unique features about them that are attracting buyers. This one's going to be tough to find in circulation, but since it was produced after the 1950s, we had to include it. Carefully hold a magnet over the coin and see if you get any reaction. Sold: March 2014; Heritage Auctions, Atlanta, GA, ANA National Money Show US Coins Signature Auction. After all, over 4 million of them minted at the San Francisco mint. Not because of its date of minting, but because of its die variety. Pennies offer a plethora of errors and varieties some are fairly common and some are extremely rare. An 1872 Indian Head penny is a scarce coin but can readily be found at any coin show or coin dealer in circulated grades. If you ever come across one of these rare pennies, don't use it on a parking meter. Here's a list of the top 25 most valuable pennies: 1943-S copper Lincoln Wheat Penny, $185,000 - The 1943-S copper cent is the one of the most valuable small cents, with one example having sold for a cool $1 million at an auction in 2012. *This list of most valuable pennies refers to problem-free coins grading Extremely Fine-40 on the Sheldon Grading Scale. Since the very beginning, the images on the penny have symbolized the spirit of the country. Although the doubling is not as dramatic as the 1955 doubled die obverse, it is evident with low-level magnification. In 1943, pennies were made from steel planchets coated with zinc, but some copper planchets from the year before were left behind, and the coins were struck on those. There has been talk in recent years of doing away with the pennyas we move toward a more cashless society, but we're not quite there yet. Minted in Philadelphia, the coin features an Indian head with the United States of America on the sides, with the year 1877 below. The full backside of the coin is doubled. Please ask any questions, can provide more pictures if needed, Keep an eye out for weekly additions to listings. This one's going to be tough to find in circulation, but since it was produced after the 1950s, we had to include it. A.) Here are 12 more valuable Lincoln pennies that you should definitely check for if you happen upon a very old penny. This is an indication that they were not "helped" by some unscrupulous mint employee. In 2014, an MS65+ 8 over 7 (pictured left) sold for $74,025. The force needed to create a copper penny is less than that needed to create a steel penny. Heres a list of the top 25 most valuable pennies: 1943-S copper Lincoln Wheat Penny, $185,000 The 1943-S copper cent is the one of the most valuable small cents, with one example having sold for a cool $1 million at an auction in 2012. *All of the coin values listed from 1958 or earlier came from USA Coin Book, unless otherwise noted. 1913 Liberty Nickel-The Olsen Specimen. Why It's Worth So Much: Created at the San Francisco Mint, this was a happy accident for collectors. Many of these coins exhibit wear from circulation. The Top 16 Most Valuable Pennies Small Pieces of Copper Worth Huge Amounts of Money By James Bucki Updated on 09/17/22 While the pennies pictured in the above photo are not valuable, the ones listed below are worth a whole lot more. The purpose of this page is to provide coin valuation data to collectors, investors, the media, and anyone interested learning what the most valuable pennies and one cent coins are. The 1909 S Indian head cent is popular amongst collectors as it is one of only two in the series to have been minted at the San Francisco Mint. Some little pieces of copper can be worth some huge dollar amounts. In 2021, an MS64 graded coin (pictured left) sold for $180,000. Sold: January 2006; Heritage Auctions, Orlando, FL, FUN Signature Auction. The TOP 25 Most Valuable Pennies. Jan 2018 - AU53 $228,000. There's also a subtle doubling of the mint mark. In 2009, an MS66RD graded coin (pictured left) sold for $149,500! Nov 2020 - MS63 Brown $500,000. This is an easy way to build a collection, and all it takes is time. @mohammed_nanotech / Twenty20 Some little pieces of copper can be worth some huge dollar amounts. List only contains coins from 1965 to 2023. Jaime Hernandez wrote on PCGS that one of the things making this coin so rare is the low amount of coins that were collected this year versus in 1909. Im also the editor at the Florida United Numismatists Club (FUN Topics magazine), and author of Images of America: The United States Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). Only 2,000 1856 Flying Eagle Cents were minted, making this quite the rare coin! Almost every collector of United States coins began collecting the Lincoln penny. In 2017, an MS66+RD graded coin (pictured left) sold for $19,975. Just a few leftover copper penny planchets from the early 1940s were accidentally used to create 1943 Copper Pennies. Initially, the government believed that these were counterfeit coins and began confiscating them. Another double-died error can be found on the 1984 Lincoln Memorial Cent. These are coins you can find in your pocket change. However, after many complaints, the United States Mint changed back to the regular copper planchets beginning in 1944. 6. For a coin like this to survive so long in pristine condition, it is evident that a collector in San Francisco back in 1914 must-have set it aside before it could become tattered and worn in circulation. Bottom line: OK, we'll admit it. We are using our database of nearly every US coin ever produced (6,000+ coins) based on year, rarity, mint mark, major varieties, errors and their associated price values to come up with a list of the top most valuable coins known. Here arethe most important types of Lincoln penniesyou should be keeping: So now that you have a good idea of which types of pennies to keep, youre probably wonderingabout specific dates. Take, for instance, the popular 1909-S VDB Lincoln cent. 1944-S copper Lincoln cent: 283 million minted, worth between 3 and 5 cents 1944-D over S copper Lincoln cent: worth $100 or more 1944 steel penny: 15 - 20 minted, worth $100,000 or more 1951 Wheat Penny Value Over 1 billion wheat pennies were struck in 1951. Some believe it was a mistake, while others think someone created the coins deliberately. Im the Coin Editor here at TheFunTimesGuide. The odds of finding a 1943 D Penny struck on a bronze planchet is likely around 10 in 217 million. But the rarest of all is this single known pristine example from the Denver mint. The 1856 Flying Eagle cents were initially struck as presentation pieces and given to members of congress and other dignitaries,according to the eBay listing. Some pennies, originally worth a single cent, are now worth thousands of dollars. As youll notice, there are several dates missing in the list above. Watch out for fakes as these are commonly counterfeited! Get ready its a long list! While it is uncirculated and retains its original copper-red color from the day it was minted, the date and mintmark combination sets this coin apart from all others. Most of them pulled the coins out of circulation. 10 most valuable pennies If you're just starting out collecting coins and you're not sure what to keep your eyes peeled for, or if you have been collecting for years and just need a refresher, we've made a list for you of 10 valuable pennies you need to have in your collection. All Rights Reserved. We've also rounded upthe most valuable US coins worth up to $10,633. These were minted in Philadelphia, Denver, and San Francisco, as well as in proof sets. PCGS MS-63 (PR-63 for proofs) is the baseline grade for comparison. While the front of the 1983 Lincoln Memorial Cent looks perfectly ordinary, the back might have a particularly lucrative error. But coins hold their value remarkably well. I primarily collect and study U.S. coins produced during the 20th century. This post may contain affiliate links. In 1944 all pennies were meant to be made from copper / bronze not steel. This penny is the undisputed "King" of Canadian Pennies Although the 1909-S Indian Head Penny has a smaller mintage, more of them were saved in uncirculated condition. We've compiled a list (with ref pictures) of the most valuable Lincoln penny errors that are in regular everyday circulation. 2019 Penny Value Guide: Some 2019 Pennies Are Worth $3,600 Apiece! Although there were many of these coins made, they're hard to come by since they're so sought after and usually sell very quickly. The penny has been part of US currency almost as long as the country has been independent. When an example as fine as this one crosses the auction block, it is certain to set record prices. The 1958 Doubled-Die Obverse penny is one of the rarest pennies ever made. One variety had a widely spaced "AM" in the word "America.". These were steel planchets that were coated in a layer of zinc to improve their luster. The 1877 Indian Head Cent is considered a major key date in the series, with a mintage of only 850,000 these can be hard to find in good condition, and nearly impossible to find in uncirculated condition. Back to top. We have discounted proof coins, error coins, as well as any "special strikes", to create a clean list of pennies you have a higher probability of finding from the current pool of circulating United States currency. If you are investing money in rare pennies, buy coins that are in the best condition you can afford, and always focus on purchasing coins that display original color and are in nice shape overall. The 6 Most Common Valuable Coins 01 of 10 1969-S Lincoln Cent With a Doubled Die Obverse Heritage Auction Galleries This coin is exceedingly rare. Lincoln pennies are the first coins I ever collected when I initially charted my path in the hobby back in 1992, and its by far the coin series Im most often asked about from readers here at The Fun Times Guide. The 1943 Copper Wheat Cent is a coin that was not supposed to exist. $6.24 . Experts claim that plates of this metal were slipped in during the minting by . Thecoin sold in the listingis the Sheldon-189 version. The Lincoln cent (technically, only Great Britain officially has adenomination called the penny) is a favorite among collectors young and old, rich and poor. Many citizens hoarded gold, silver, and copper coins as a store of wealth. He later sold it for$126,500. In 1864, the Civil War was dragging on, and the United States economy was extremely fragile. The lines "In God We Trust" and "Liberty" are both doubled as well as the 1955 date itself. If you want this coin be prepared to shell out $1.2 million as that is the current asking price. The coins - of which there are about 40 or50 in existence- are quite valuable. Whether you collect Flying Eagle pennies, Indian Head pennies, or Lincoln pennies, you will find that the market for rare pennies is quite active. The 1943 D Copper / Bronze penny has been deemed the Holy Grail of penny errors. At Coin Values, we are always staying on top of the latest changes in coin prices, and we have a list of the top 25 most valuable pennies. Sold: September 2010; Legend Numismatics, Private Sale. $11.50 The mint mark is a smaller letter on the face of the coin underneath the year that signifies where it was minted. What follows are the 11 through 25th most valuable pennies: 1917 doubled die Lincoln Wheat Penny, $1,350, 1972 doubled die obverse Lincoln Memorial penny, $290, 1909-S/S over horizontal S Lincoln Wheat Penny, $275. Most Valuable Nickels A List Of Silver Nickels, Buffalo Nickels & Old Nickels Worth Holding Onto! This made is difficult for the federal government to obtain the metal needed for minting coins. Sold: February 2016; Heritage Auctions, Long Beach, CA, US Coins Signature Auction. These are in order with the newest being on top. Pay attention to the photos and details below to see if you have one of these valuable nickels in your piggy bank. Do you have any of these coins in your penny jar? The list below details by far the most valuable cents released into the United States monetary supply from 1900 to 2020. If so, the modern United States cent is one of the best places to start looking. Another Indian centsold for more than $3,000 online. If you think you might be in possession of this rare error here are the steps you should take. In addition to the pennies mentioned above, here aresome otherpennies worth money: And heres my video explaining how to tell if youve got a valuable penny or not: Do you know where to look for the most valuable pennies? This created an overnight sensation among coin collectors, and this penny has become known as the "Holy Grail" for collectors of Lincoln pennies. There have been to our knowledge no coins in this condition and color found. Slightly less than a half-million of these pennies were minted before the Treasury Department demanded that the initials be removed. Check outsix other rare and valuable error coins worth up to $599. And which pennies you should be holding onto, rather than spending? As these anomalies have become more known, more and more specimens have come to light. The top 25 most valuable pennies. As opposed to the 1955 Doubled Die Lincoln Cent, where thousands of them are known, there are only three 1958 Doubled Die Lincoln pennies known to exist. Check your seat cushions, change piles, and miscellaneous change from your cash purchases for these. The story behind copper 1943 Lincoln Pennies is presumed to be a pure accident at the U.S. Mint perhaps a few leftover copper planchets from 1942 were stuck in the coining press system and struck with 1943 penny dies. Such a clean example of doubling has made it one of the most popular and valuable DDOs in existence. These coins look like an ordinary penny despite the fact the color is not copper and is much closer to the coloring of a dime. Which coins currently in circulation are worth the most? A recent auction on eBay only lasted for three bids before the buyer offered $2,705, knocking out other bidders. These are the most valuable quarters and twenty-five cent coins known. Originally created as presentation pieces to show to members of Congress, other dignitaries, and even collectors, they eventually made their way into circulation over the years. Why is this coin so rare? For instance, Denver only minted seven of the 1944 steel pennies, making it the second rarest mint mark out of all three mints. Most Valuable Canadian Pennies, 1. In this case, the wide "AM" version is just as sought after as the close "AM" version. Coins are in order from Most to Least expensive. 1. This isn't the case. Since pennies hold a special place in almost every coin collector's heart, demand for high-quality coins can drive the value through the roof. Slightly more than 4 million of them were minted. The Secret Service confiscated the early specimens until the U.S. Mint admitted they were genuine. Its possible these coins may be hiding in the basement, inside an attic box, or even inside your penny jar. The 1922 Lincoln Wheat Cents were minted at the Denver Mint using a "D" lettered coin die. In 1943 copper was being used heavily to create casings for ammunition. Isn't it funny how having an extra ear can make a penny valuable? This Philadelphia-minted coin collected 66 bids online. Moving away from the Lincoln coins, a flying eagle cent from the 1850ssold for more than $11,000 recently. On closed 3 examples, it appears that the 3 has two nearly complete loops, whereas on the open 3 there is much more space between the ends of the 3 and the digits middle section. Most ammunition consists of a copper or brass (copper/zinc) casing, filled with gunpowder, and capped with a lead, copper or steel bullet. Real Helpful. 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. We will notify you each week there's a new article posted! 25 Most Valuable Pennies. Such is the story of the 1969-S Doubled Die Penny. In 2021, an MS65 RB graded coin (pictured left) sold for $66,000. These rare examples can fetch up to $375,000 in excellent condition, according to Coin Trackers. Fifteen bidders fought it out to get themselves this coin on eBay, with the winner shelling out $1,725. Dont miss the 1936 Lincoln Wheat Cent Penny in your search for rare pennies, as one of these bad boys could be worth $2,222 in uncirculated mint condition. There are still a lot of Lincoln pennies that are valuable that we don't define as still being in circulation because they were minted before 1950. But of course, youll want to keep in mind that the value of the coin could depend on the grade and condition. Thanks for joining the currency and coin community here on YouTube! Image courtesy of Since most people do not look at the date on every coin that they receive in change, some of these 1943 bronze alloy pennies circulated for a while before being snatched up by an alert coin collector intent on cherry-picking the valuable Lincoln penny out of circulation. It is estimated that only 5 million of these coins were made, and very few of them were saved in uncirculated condition. 1922 No D plain Lincoln Wheat Penny, $2,050 Repairs to a damaged coin die left the 1922-D cent without any visible trace of its mint mark, leaving a coin that many thought back in the mid 1920s was a typical unmarked penny from the Philadelphia Mint. These planchets were then fed into the machines and struck by the die means for the 1944 copper penny, creating 1944 Steel cent errors. To hold an 1877 Indian Head Penny in uncirculated condition is an extreme rarity given the poor economic conditions of that year. This coin is considered a key date in the series. steel planchets were left in the machines. This is just speculation from CoinTrackers.com. Thanks for subscribing! Coin Chart: Tap a '+' sign to expand further coin details. Stay up to date with everything about U.S Coins, We dont spam! The close "AM" version is the more valuable penny of the two. Most recent sales of the 1943 Copper Penny. Like the previous two pennies mentioned, the wording on both sides is doubled, plus there's a doubling of the date. Minted in Denver, USA Coin Book estimated the value of this rare 1914 penny at $278 in average condition and over $3,000 in uncirculated mint condition. The U.S. Mint knew this before the coins were released to the public, but officials didnt want to destroy an entire batch of perfectly normal Lincoln Pennies to catch the ones with the doubled image, so off these beauties went, and soon they were discovered in New England vending machines. Just over 42,000 of the normal date versions of the coin were minted in 1799, according toUSA Coin Book. In 2006, an MS66 graded coins sold for $32,200. On one side, "In God We Trust" is doubled, and "Liberty" is doubled on the other. To lower costs, the United States Mint sought to reduce the size of the penny (to its current diameter). On the surface, there is nothing visually spectacular about this coin. These are in order with the newest being on top. Designed by portraitist James Barton Longacre in 1856, the circulated coin features an eagle on one side, with one cent shown on the other. YOU'VE likely come across plenty of pennies in your life but rare ones from the 1900s and before then are selling for a ton of cash online. In both the words "Liberty" and "In God We," the letters are doubled. As a collector, you eventually reach the point where you need to purchase your coins from a coin dealer or at auction to achieve the quality you want. The 1914-S Lincoln cent is by no means a rare coin. Oops, there was an error sending your message. 1943 S Copper Penny Sales. We have discounted proof coins, error coins, as well as any special strikes, to create a clean list of pennies you have a higher probability of finding from the current pool of circulating United States currency. Top 100 valuable pennies. The 8 over 7 is the most valuable of the three types. 1917-S Buffalo Nickel. Sold: March 2018; Stacks Bowers; Baltimore - Session 3 - Rarities Night Including the ESM Collection. Rather than a special addition, this penny is valuable for something it lacks. It simply is a regular-issue piece that was struck in relatively low numbers. Extra notes: 1944 steel cents should technically be a weaker strike than 1943 steel cents. Be sure to check your change for this one! The closed 3 is especially rare because only a tad more than 1 million 1873 cents of this variety were made, whereas about 11 million open 3 cents were made. As a rule, 1873 open 3 Indian cents are more common than the closed 3 variety. Planchets are stored in bins, and just a few copper ones were hidden in the bottom and covered up with loads of steel planchets. Another element that identifies this rare penny is the spacing between the "FG" initials and the Lincoln Memorial Building. This coin is considered a key date in the series, and one of the more valuable non-error pennies. The 1877 version has been said to be the rarest Indian head penny there is. Pennies minted in zinc-coated steel planchets in 1944 are pretty scarce and, of course, highly valued by coin collectors. These are the ones you want in your collection, 1856 Flying Eagle Penny: $25,000-$170,000, 1943 Copper Wheat Penny: $85,000-$370,000, 1944 Steel Wheat Penny: $110,000-$180,000. Most Valuable Quarters: A List Of Silver Quarters & Other Rare Quarters You Should Hold Onto! This is a labor of love you might say, so it is resource intensive and slow. Just as with the flying eagle cent, this coin was designed by Mr Longacre. This page is a work in progress, share to social media and check back later for updates. List of the Top 100 Modern Coins The Details The modern coin era began in America in 1965, the first year the U.S. Mint produced copper-nickel "clad" coins as replacement for silver coins, ending an unbroken, 173 year tradition. The Philadelphia mint produced about 20 bronze/copper coins in 1943, making this one incredibly rare and valuable. The high value of this coin is due to its uncirculated condition and its original copper-red color. "In 1922, the Denver Mint was the only Mint which produced cents for that year. If you want to know what your U.S. penny is worth, then read on! Be careful not to scratch the coin however. As a result, a majority of the 1941-D Lincoln pennies are in circulated condition. 01 of 15. But, a mix-up in the San Francisco mint resulted in about 30 pennies being made from steel left over from the 1943 pennies. Because of their uniqueness, theyre remarkably valuable. Aug 2019 - AU53 $216,000. The 1958 Doubled-Die Obverse penny is one of the rarest pennies ever made. According toCoinTrackers, just 850,000 of these rare pennies were minted. By checking this box, I agree to recieving email and phone communication about blog posts, coins, and coin related products from Coin Collecting or their trusted partners. Out of all the leftover zinc-coated steel used in minting these pennies, Philadelphia produced about 30 of them. This Indian cent had a total of six bids at the close of the auction on eBay. Actually, 1856 Flying Eagle pennies were made as a pattern coin, and while many of them circulated, the series wasnt intended to be produced on a mass scale yet not until 1857, anyway. If the coin does stick to a magnet it will need to be certified. Legend Rare Coin Auctions. The 1944 steel wheat penny is another instance of the United States Mint using the wrong planchet. 4. These coins in circulated condition are also valuable, but uncirculated coins are extremely rare. The majority of these coins are Denver and Philadelphia issue coins, and all have been issued within the last 55 years. Condition is another; coins that stayed out of circulation may retain their original coloring and fine details, significantly adding to their value. If a 1999 penny has a large space between the A and the M, and it's in amazing condition, odds are good it's one of the most valuable pennies still in circulation. Want to know what the most valuable pennies are? Sold: October 2011; Heritage Auctions, Pittsburgh, PA, Signature Auction. In 2006, an MS67RD graded coin (pictured left) sold for $97,750. But two zinc-plated steel planchets somehow ended up in the coining press in the San Francisco mint. Most valuable penny and Lincoln coins revealed - and one piece sold for $11,128 Anthony Russo Josephine Fuller Published: 7:45 ET, Oct 16 2021 Updated: 15:34 ET, Sep 2 2022 YOU'VE likely come across plenty of pennies in your life - but rare ones from the 1900s and before then are selling for a ton of cash online. 1944 Steel Lincoln Cent: $75,000 to $125,000+##. Leftover steel planchets from 1943 Steel War Cents were left in bins and mixed with 1944 Copper Penny Planchets. Must read: How To Determine The Grade Of A Coin. As a result, saving even a penny for a coin collection was not an option for most Americans. A 1933-D, for example, may be valued at $2.30 or more. ships in penny sleeve, inside top loader, with extra protection. 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. Why It's Worth So Much:Sometimes, if the die used to stampa coin with an image aren't correctly aligned, images or letters appear"doubled" on the coin. This coin is the second example of a 1943 Lincoln cent that should have been struck on a zinc-plated steel planchet but was instead coined on a bronze planchet. The penny features the letters VDB on the bottom of the back of the coin, which are the initials of designer Victor David Brenner. This is a labor of love you might say, so it is resource intensive and slow. One factor contributing to this coin's significant value is its low mintage. Of course, they're worth more if they're in better condition, and all circulating coins tend to have a lot of wear and tear. Read more in our privacy policy. Below we unveil the most valuable circulated pennies worth up to $11,128, based on recently completed eBay listings. It was soon learned that only the Denver Mint struck pennies in 1922, and one-cent coins without a mint mark but bearing that date were in fact mistakes. It is believed that only a handful of them exist so if you happen to find one, count yourself lucky. 1958 Doubled Die Obverse Lincoln Penny - About $336,000 The 1958 Doubled Die Obverse Lincoln Penny is one of the most valuable pennies in the world, considered as the holy grail by many coin collectors . Small Pieces of Copper Worth Huge Amounts of Money. Share to help us grow *All of the coin values listed from 1958 or earlier and 1959 to 2000 came from USA Coin Book, unless otherwise noted. What makes this coin extremely valuable is the fact that it was struck on a zinc-coated steel planchet. 1909 S Indian Head Penny Estimated Price: $2,000 1943 Struck on Bronze Planchets are cleanly struck and likely in great condition. This penny is the rarest date of all the Indian Head pennies ever minted. Top 100 Most Expensive Coins in the World World Numismatic News 121K subscribers Subscribe 3.2K Share 186K views 1 year ago To celebrate reaching 100 000 Subscribers, here is a video looking at. Its also one of my favorite coins! Whatever the origin of the 1943 copper pennies, they are considered by the Professional Coin Grading Service to be the most desirable and valuable of all Mint errors and are highly sought-after by U.S. coin collectors. These factors make this a very rare and valuable penny indeed. Nov 2013 - VF35 $207,000. One example circulated for a while before being picked up by a collector. Steel cents require greater force when struck by dies. Many numismatics spend their spare time searching boxes of pennies to earn a extra cash. For example, many of the doubled die entries on the list above (such as the 1971, 1972, 1983, and 1984 doubled die Lincoln cents) are much scarcer in number than the 1877 Indian Head cent or 1914-D Lincoln cent, but are not as widely collected, thus the values of those somewhat more obscure coins are lower. Of all the cents currently in circulation these pennies are worth the most money. Additionally, it was extremely well-struck, as evidenced by the minutest details present on the coin. In 1909, The United States Mint replaced the Indian Head penny with the Lincoln cent. 10 Most Valuable Walking Liberty Half Dollars. For the world's rarest and most coveted pennies, values are well over $100,000 and approaching $2 million. The initial cost to get started is just $25.00 and your time. If you find a 1983 penny with everything doubled, the Lincoln Memorial Building included, save it for a rainy day. That identifies this rare error here are the most valuable of the of! 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