Lincoln pennies have been part of the U.S. currency since 1909. They are usually only worth their face value, but some rare error coins have proven extremely valuable to collectors. Identifying the right coin can turn an ordinary penny into a treasure trove.
1943-D Bronze Cent
In 1943, the U.S. Mint made pennies from zinc-coated steel due to wartime copper shortages. However, some old copper blanks were accidentally used, creating the 1943-D Bronze Cent. This is the only known coin issued from the Denver Mint, with the price reaching $840,000 at auction.
1944-S Steel Cent
In 1944, the Mint resumed production of copper coins, but some old steel blanks were accidentally used. This coin is extremely rare, and there are only two known examples. An uncirculated coin sold for $373,750.
1955 Doubled Die Obverse
The 1955 penny has an obvious doubling error, which can be seen on the date and obverse text. This error was caused by a misalignment in the minting process. This coin is extremely popular among collectors and can fetch anywhere from $1,000 to $15,000.
1969-S Doubled Die Obverse
Like the 1955, the 1969-S Doubled The obverse penny also has an obvious doubling, which can be seen on the date and reverse text. It was initially thought to be a counterfeit but was later certified. This coin is extremely valuable to collectors and can fetch up to $40,000.
1972 Doubled Die Obverse
The 1972 penny has obvious doubling on “LIBERTY” and “IN GOD WE TRUST.” This coin is more common than the 1955 and 1969-S, but high-grade coins can still sell for up to $1,000.
Rare Lincoln Pennies and Their Estimated Prices
| Year | Error Type | Estimated Value |
|---|---|---|
| 1943-D | Bronze Planchet | $840,000 |
| 1944-S | Steel Planchet | $373,750 |
| 1955 | Doubled Die Obverse | $1,000 – $15,000 |
| 1969-S | Doubled Die Obverse | Up to $40,000 |
| 1972 | Doubled Die Obverse | Up to $1,000 |
How to Identify if You Have a Rare Lincoln Penny?
- Check the Date and Mint Mark: Look carefully for doubling or other abnormalities on the date and mint mark.
- Check the Coin’s Composition: Use a magnet—if the coin is made of steel, it will stick to a magnet, while a bronze coin will not.
- Consult an Expert: If you suspect you have a coin with an error, seek verification from a certified coin grading service.
Conclusion
These rare Lincoln pennies can be worth millions of dollars. You may have such a valuable coin, but you never noticed! So, be sure to check out your old coins—your next discovered coin could change your fortunes.
FAQs
Q. What makes a Lincoln penny valuable?
A. Lincoln pennies with rare errors, such as doubled dies or wrong metal compositions, can be worth thousands of dollars.
Q. How can I tell if my penny is an error coin?
A. Look for doubling in the text or date, check the coin’s metal composition, and consult a professional grading service.
Q. Which Lincoln penny is the most valuable?
A. The 1943-D Bronze Cent is the rarest, with one known example selling for $840,000.
Q. Can I find these rare pennies in circulation?
A. While rare, some valuable error pennies can still be found in pocket change or coin rolls.
Q. Where can I sell a rare Lincoln penny?
A. Rare pennies can be sold at coin auctions, online marketplaces, or through professional coin dealers.