“Pennies Worth Money” may sound like an oxymoron in a world where the penny is often disregarded. Yet, some of these small copper coins could be worth a surprising amount. This post explores the fascinating world of valuable pennies, their characteristics, and why they’re sought after by collectors.

Valuable Pennies

 A Closer Look While modern pennies may not hold significant value, certain historical pennies are a different story. The most valuable U.S. pennies fall into various categories including the Flying Eagle Cents, Indian Head Pennies, Lincoln Wheat Pennies, Lincoln Memorial Cents, and Lincoln Shield Cents. Notably, proof versions of these pennies, especially those with errors or unusual varieties, are highly prized​​.

The older coins are usually more valuable, but new coins can also sell for a substantial amount if they are in good condition or special in one way or another.  Check out this article on the 1992 Close AM Penny that sold for $25,000!

Top Valuable Pennies to Know

Some of the most valuable pennies include:

  1. 1943-D Lincoln Wheat Cent Penny: Bronze/Copper – Valued at $2,305,706.
  2. 1944-S Lincoln Wheat Cent Penny: Steel Cent – Worth $1,137,794.
  3. 1958 Lincoln Wheat Cent Penny: Doubled-Die Obverse – Priced at $224,831​​.

More Pennies Worth More Money

Characteristics of Valuable Pennies The value of a penny often depends on unique features or errors. For instance:

  • 1995 Lincoln Memorial Cent (Doubled Die): Identified by a double stamp and valued at $54​​. However, they can sell for much more if in good condition.
  • 1970 S Lincoln Memorial Cent (Small Date – High 7): Features a small “S” and a high “7”, valued at $61​​.  
  • 1999 S Lincoln Memorial Cent (Close AM): Distinguished by closely spaced “AM” in “America”, worth $89​​.

All of these prices are just an average.  The coins can sell for much more when they are graded and in MS condition. (Mint State)

Types of Pennies to Keep an Eye On

When searching for valuable pennies pay attention to the different designs:

  • Flying Eagle Cents (1858 – 1856)
  • Indian Head Pennies (1859-1909)
  • Lincoln wheat pennies (1909-1958).
  • Lincoln Memorial pennies (1959-1981).
  • Copper Lincoln Memorial pennies made in 1982, are heavier than their zinc counterparts​​.

Copper Pennies weigh 3.0 grams while the newer zinc pennies weigh 2.5 grams

A Cheat Sheet of Extremely Valuable Pennies Worth A Whole Lot of Money!

A quick guide to valuable pennies includes dates like

  • 1909-S VDB, valued at $700
  • 1955 doubled die obverse, worth $1,100​​
  • 1873 Closed 3 DDO Penny worth $70,000
  • 1892 Scarface Penny worth $1,000
  • 1970-S Large Date DDO worth $18,000+
  • 1969-S DDO Penny worth $100,000
  • 1983 DDR Penny worth $400
  • 1984 Doubled Ear Penny worth $200
  • 1992 Close AM Penny worth $25,000

While it’s unlikely to stumble upon a fortune in your spare change, knowing what to look for in pennies can be both profitable and exciting.  These coins are rare and not easy to find, but it is possible to get rich off error coins if you know what to look for!   For collectors and enthusiasts, the hunt for these rare gems continues to be a rewarding pursuit. Keep your eyes peeled – the next penny you pick up could be more than just pocket change!

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