Lincoln Penny Values
Value of Lincoln Pennies
The Lincoln Penny is arguably America’s most beloved and most collected denomination. It is also the longest minted design still in production today. Recently with the 2009 celebration for 100 years of mintage, the Lincoln Penny has gained even more interest among coin collectors. The four new penny designs of 2009 has renewed a lot of collectors, and as expected, has put an extra demand on the older Lincoln Wheat cents. With these wheat cents becoming increasingly harder and harder to find, one can only imagine how much value will eventually be seen from the Lincoln Penny Collection. Covered in this article is a history of the Lincoln Penny as well as metal compositions and the values of Key date Lincoln cents.
History of the Lincoln Penny:
- The origins of this One Cent denomination date back to 1909 where it debuted to commemorate the 100th year of President Lincoln’s birth. The original Lincoln portrait and Wheat Ear design was crafted by Victor D. Brenner. In 1909 the initials V.D.B appeared on the reverse of these cents, but were removed that very same year, only to reappear on the obverse in 1918. The Wheat Ear reverse was minted until 1958, where it was then replaced by the Lincoln Memorial design.
- In 1959, the Lincoln Memorial design was released to commemorate the 150th anniversary of Lincoln’s birth. This design was created by Frank Gasparro and was minted from 1959-2008.
- In 2009, as part of the 100th anniversary of the Lincoln Cent and the bicentennial of Lincoln’s birth, four new pennies were released. These new designs featured a new obverse and four new reverses depicting four stages of Lincoln’s life.
- From 2010 onward, the obverse was reverted back to the standard Lincoln portrait, while the reverse received a new design depicting the Shield of the Union.
Compositions and Melt Values:
1909-1942 & 1944-1982
- · Weight – 3.11 Grams
- · Metal Composition – 95% Copper, 5% Tin & Zinc
- · Melt Value – $0.026
- · Weight – 2.7 Grams
- · Metal Composition – Steel Coated with Zinc
- · Melt Value – N/A
- · Weight – 2.5 Grams
- · Metal Composition – 97.5% Zinc, 2.5% Copper
- · Melt Value –$.006
Value of Lincoln Pennies:
Due to the sheer amount of minted, and one hundred two years of mintage, the Lincoln Cent has many valuable Key dates and error coins available to collectors. The great news is that there are still Key date pennies that can be found in circulation. These rare gems slip through the hands of banks and retailers and could potentially end up in your pocket one day.
Did You Know?
The condition or "grade" of your Lincoln Penny means everything when it comes to value. If you'd like to really find out how much your Penny is worth, it's a good idea to be familiar with the Coin Grading Scale.
Regular Minted Key Dates:
- · 1909S VDB – Gem of the Lincoln Collection. Value: $500-2,000+
- · 1909S – More common, but still a Key date. Value: $50-$300
- · 1914D – Most Valuable Penny from the Denver Mint. Value: $100-Several Thousand
- · 1924D – Values range from $40-200
- · 1931S – Values range from $50-300
Regular Minted Semi Key Dates:
· 1910S, 1911S, 1912S, 1913S, 1914S, 1915S, 1922D
***Values for Semi Key date pennies range from around $10 to $200-300 depending on their condition.
Lincoln Penny Error Coins:
- · 1922D – Missing Mintmark. Value: $300-20,000+
- · 1955 – Double die Obverse. Value: $500-10,000+
- · 1960 – Large Date over Small Date. Value: Up to $350
- · 1972 – Double die Obverse. Value: Up to $1,000
- · 1983 – Double die Reverse. Value: Up to $350
- · 1984 – Doubled Ear. Value: Up to $200
- · 1995 – Double die Obverse. Value: Up to $250
As you can see from the information above, the value of Lincoln Pennies isn't always just one cent! Surprisingly, there is great value and a demand that will continue to increase over the coming years. Starting a collection now is your best chance to collect as many Lincoln Pennies as possible, because in a few years, they'll be much harder to find. If you're still interested in other US Coinage, please read through my articles below. Thanks for reading and good luck on your collection!