1873 Indian Head Penny 4. The coin commemorates the government's commitment to celebrating diversity. To have all three initials ona coin's design was unheard of. The edges start to be distinguished from the coin field, and some contours of the coin images. 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. Uncirculated (MS-61): Basically differs from the previous one in that the dashes, marks, etc. Before we can answer this, we have to consider the composition of each of the pennies. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety Press Copyright Contact us Creators Advertise Developers Terms Privacy . Bucki estimates that at least 250,000 coins released with the doubled die. Because copper was needed for military purposes during World War II, the government decided that the 1943 pennies wouldnt be made of copper and would be made of zinc-coated steel instead. The amount of copper in a pound of copper is 454 grams. They're not retail or "catalog" values like you find virtually everywhere else. Original high gloss. Value:In average condition, this coin is worth about $77,000 and as much as $110,000 if in certified mint state condition by a coin grading service. These coins have been given the designation King of Lincoln Cent Varieties due to the doublings dramatic extent. Initially, the government believed that these were counterfeit coins and began confiscating them. He estimates that a coin in new condition could be worth around $500, while a used one could fetch up to $45. 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. Or, for simpler attempts, soaking the coins in a vinegar solution would be a safe way to clean Wheat Pennies. A penny's worth depends on its quality and rarity. Some of these cents can become extremely valuable for coin collectors, like the first place on our list that reaches $100,000! But even in poor condition, they may be worth at least 3 or 4 cents, and some may be worth a lot more to coin collectors. How much is a solid copper penny worth? How much is a penny blank worth? In 1914, it cost one penny to post a letter. The 1873 Indian Head one-cent piece comes in two types, depending on the opening of the 3 in the year 1873 embossment. These large numbers of collectors, building collections are putting a heavy demand on the rare dates and better condition coins. Also, the 1909-S (no VDB on the reverse), the 1914-D and the 1931-S are also valuable coins in any condition. Mintage, Worth: Year Mintage Value, USD Unc 2019 + $ 0.41 2018 + $ 0.39 2017 + $ 0.81 Contents1 How much is a 2005 Republica de Panama coin worth?2 How much is a 2001 Republica de Panama coin worth?3 How much is a 1973 Republica de Panama coin worth?4 How much is a 1996 [] A 1931-S could be worth $40 or more. From Cents to Gold. Know more about most valuable wheat cents? Selling Wheat Pennies and Receiving the Highest Price. Very Fine, very good/very fine (VF-25): Almost complete details with very smooth design areas. An Extremely Fine coin with traces of mint red might be worth $20, almost uncirculated coins worth perhaps $50-$75. Scarcity and rarity from one date to the next vary greatly within each series. Preparing and selling wheat pennies for the best value is possible. A Flying Eagle Cent in the well-worn condition is worth about $15 to $25 if you sold it to a coin dealer. The penny was originally minted in silver, but from the late 18th century it was minted in . 6 That meant the copper in each penny was worth about 1.7 cents. Fair, regular (FR-2): Copies with enough details for identification of type, date, mint, etc. As always, the value of the coins may depend on grade and condition. Mint State Grade: A coin with no wear to the surface is considered Mint State grade. Special qualities are examined and highlighted within each series. These new coins are known as the Lincoln Shield Reverse penny. What Is a Wheat Penny and How Much Are They Worth? Coin Values Discovery finds Penny Values and All old US coin values. Pennies can be valuable for various reasons, including those minted in years with low mintage figures and those resulting from production errors. As with the steel ones, they are thought to have been minted by mistake. These 1944 Steel Wheat pennies were likely made accidentally with leftover steel from the previous year. The record price for a 1943 Copper Wheat penny is the 2010 sale of the 1943-D for $1,750,000. There's also some light doubling on the date. 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. Discover all the rare varieties, dates and mintmarks. 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. 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. The value of a Penny 1934 australian coin depends on several factors such as quality and wear, supply and demand, rarity, finish and more. This is the second-lowest number of 1943 Lincoln pennies on bronze planchets produced at any of the United States Mint locations. 1877 Indian Head Penny 7. The United States Mint has made four different types of small cents: To determine how much your U.S. penny is worth, we first need to determine its type. The valuable 1944 Steel Wheat Penny, for example, is composed of 95% steel and weighs 2,7 grams. Less than one million of these coins were issued in 1877. From 1983 until today, all U.S. pennies are made of mostly zinc. Another great American coin that specialists study intensely and avidly collect. NGC uses this + (plus) for top coins within each grade so that they look closer to the next higher grade, and also limits it to grades from XF-45 to MS-68. The Worth Of The 1929 Wheat Penny Various Based Upon Condition. Examine your coin and compare to the following images to find a match. Toning of the surface continues, unless protected, to very deep shades of brown-black. It's likely that an entire run of 250,000 pennies were printed this way, he said. The 1934 wheat penny is only one in a long line of the wheat penny or Lincoln cent coinage. | Melt Value? First minted in 1787, the U.S. penny has been one of the mainstays ofAmerican coinage. Doubled dies are created when the hub imprints an additional image onto a die or stamp causing some misalignment. As example, a 1909 penny has a total of six varieties. The amount of copper in a penny is (95% of 3.11 grams) 2.95 grams. What are pennies made of? At least, that's what was supposed to happen. Sometimes called "Lincoln Cents" (without mentioning the Memorial as described below,) they are made of almost pure copper (95%) except for one year, the 1943 penny, which is made of zinc-plated steel. A larger coin, like the Eisenhower dollar, will sell for between $20 and $30. Value: The value ranges from $500 to around $1,900. Michael is a contributor to SD Bullion and the founder of Your Money Geek, where he is on a mission to make finance fun. Copper coins when first minted began as shades of bright red-orange-gold. Since this coin exhibits evidence of circulation and must have exited the mint via regular distribution channels. Wheat pennies begin at 2 cents to highs found with early colonial large cents valued in the thousands. Stripes of various sizes. However, the flat spots do not connect, separation of high areas remain. But due to a mix-up, a proof die was used for the reverse of the coin before it was supposed to be used starting in 1993. After all, over 4 million of them minted at the San Francisco mint. The U.S. has made two significant types of pennies, the Large Cent and the Small Cent. Dealers and collectors identify the different stages of wear separating coins from the most worn to the least and each is assigned a "Grade". The record price for a 1943 Copper Wheat penny is the 2010 sale of the 1943-D for $1,750,000. The 1943 copper pennies were mistakenly minted, and it is believed that these coins were made because some copper planchets had been left in the hoppers when the steel cents were being made.. Worth every penny! The incorrect use of brushes or cloth can cause unwanted scratches or tears. Although many of them are actually from 1948, the 3 has been modified to look like an 8. Almost every collector of United States coins began collecting the Lincoln penny. However, a small number of copper pennies were struck in 1943 by accident, making them extremely rare and valuable. The 1967 penny had two versions minted one being the "Memorial" penny, and the other being the "Shield" variety. If your small-sized penny is dated 1857 or 1858, it is a Flying Eagle Cent. In 1864, the Civil War was dragging on, and the United States economy was extremely fragile. Collectors now have another variety as part of collections. Most steel pennies are worth between 20 cents and 20 dollars. 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. - Why are Central Banks Buying So Much Gold Now? So, which of the 1982 Penny is worth a premium value? In addition to the penny's mint year and edition, the coin's overall condition is important when it comes to determining its value. How much is a penny worth? Copper, zinc Its history is full of variations and secrets that offer excellent opportunities for great profits! | Melt Value? It's way shinier than any blazer wheat penny I've found, it's more like the fresh 2022s that you find in bank rolls. 1922 D Lincoln Wheat Penny 6. President Theodore Roosevelt commissioned a revamp in the American coinage at the time. There are six known examples of this error being produced at the San Francisco mint in 1943. Any one of these coins in circulated or uncirculated condition is extremely rare. But the rarest of all is this single known pristine example from the Denver mint. Mintmarks became important to penny values starting in 1908. Rare and Valuable Penny values chart (2023 Update). There are only about 485 proof specimens of this coin struck in 1857. Value: The 1914 S Lincoln wheat cent is worth an average of $28 and as high as $1,500. They're not retail or "catalog" values like you find virtually everywhere else. Proof coins can fetch $160 or more. In high grades (MS67, MS68), Proofs, Uncirculated (MS+) or Mint Condition can be Worth until $21,275. Its curious that precisely one of the most humble currencies in the United States can reach such extraordinary prices. Very few of these pennies were minted and released into circulation. As example; a 1907 Indian penny is available in all grades and affordable. Coins in this grade are so good that they are often confused with MS grades (the higher grades we will see below). Similar to the 1969 Doubled Die, the doubling on this penny is especially prominent in the words "LIBERTY" and "IN GOD WE TRUST" with some light doubling on the date, said Stone. Listed below are some of the physical properties of the penny. Want to know what year of pennies are worth money or just what penny variety to look for? How to determine penny values begins with identifying the denomination and series. Washington quarters have a face value of $0.25 or quarter dollars and a melt value of $4.34. How much is a 1965 Penny Worth? Value: The value ranges from $1.25 to about $900. Michael is passionate about personal finance, side hustles, and all things geeky. For instance, a 1944 penny in certified mint state (MS+) condition can fetch between $6 and $8 at an auction. PCGS assigns the + only for the 30% of the parts with the greatest visual appeal for grades XF-45 to MS-68. Most 2020 pennies in circulated condition are only worth their face value of $0.01. 2. Comparing the coins in the image; nicely toned, circulated examples project pleasing eye appeal. On the 1897 Indian head penny's reverse side, the words "ONE CENT" are inscribed in the middle to represent its face value. The most valuable 1973 penny ever sold was graded MS67+RD by Professional Coin Grading Service. Roughly 250,000 of these pennies were minted, he said. Why are Central Banks Buying So Much Gold Now? You can quickly get points by logging in daily on the site and checking in on the app (available on both Google Play and the Apple App Store). 1919 Lincoln Wheat Cent Specifications Composition: 95% Copper (Cu), 5% Tin (Sn) and Zinc (Zn) Coin Diameter: 0.75 inch (19 millimeters) Face Value = 1 Cent ($0.01) Weight: 0.10970 ounce (3.11 grams) Thickness: 0.05984 inch (1.52 millimeters) Written by Daniel Sandoval He has worked in personal finance for over 20 years, helping families reduce taxes, increase their income, and save for retirement. What pennies are worth money? 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.