Lincoln Memorial pennies, minted from 1959 to 2008, have become a staple in American coin collections. While many of these pennies are common, there are several rare and valuable versions that collectors should be aware of. This article will highlight 16 rare Lincoln Memorial pennies that every coin enthusiast should know about. Whether you’re a seasoned collector or just starting, these pennies are worth keeping an eye out for.
Introduction to Lincoln Memorial Pennies
The Lincoln Memorial penny was introduced in 1959 to commemorate the 150th anniversary of Abraham Lincoln’s birth. Designed by Frank Gasparro, the reverse side of the coin features the Lincoln Memorial, replacing the wheat ears design used from 1909 to 1958. Over the years, billions of these pennies were minted, but some are rarer and more valuable than others due to errors, low mintage numbers, or other unique characteristics.
1. 1960 Small Date and Large Date Varieties
The 1960 Lincoln penny is notable for having two distinct varieties: the small date and the large date. The small date variety is rarer and more sought after by collectors. The difference lies in the size of the numerals in the date, with the small date being more compact.
2. 1969-S Doubled Die Obverse
One of the most famous error coins in the Lincoln Memorial series is the 1969-S doubled die obverse penny. This error, caused by a misaligned die, resulted in the doubling of the date and the inscription “LIBERTY.” These pennies can be worth thousands of dollars in good condition.
3. 1970-S Small Date
Similar to the 1960 penny, the 1970-S Lincoln penny has both a small date and a large date variety. The small date is much rarer and can fetch a higher price among collectors.
4. 1972 Doubled Die Obverse
The 1972 doubled die obverse penny is another significant error coin. The doubling is most noticeable in the inscriptions “IN GOD WE TRUST,” “LIBERTY,” and the date. These pennies are highly prized by collectors and can be quite valuable.
5. 1983 Doubled Die Reverse
In 1983, a number of Lincoln Memorial pennies were struck with a doubled die reverse, resulting in a doubling of the inscriptions on the back of the coin. These errors are less common and can be worth more than their face value.
6. 1984 Doubled Ear
The 1984 Lincoln penny is known for the doubled ear variety, where Lincoln’s ear appears doubled. This error is subtle but can significantly increase the coin’s value.
7. 1992 Close AM and Wide AM Varieties
In 1992, some pennies were struck with the “AM” in “AMERICA” on the reverse side either very close together (Close AM) or further apart (Wide AM). The Close AM variety is particularly rare and valuable.
8. 1995 Doubled Die Obverse
The 1995 doubled die obverse penny features noticeable doubling in the inscriptions “LIBERTY” and “IN GOD WE TRUST.” These coins are popular among collectors and can be worth more than their regular counterparts.
9. 1998, 1999, and 2000 Wide AM Varieties
Similar to the 1992 penny, the 1998, 1999, and 2000 Lincoln Memorial pennies have a Wide AM variety, where the “AM” in “AMERICA” is spaced further apart. These varieties are sought after by collectors and can command higher prices.
10. Transitional Errors
Some Lincoln Memorial pennies were struck on planchets intended for other coins, resulting in transitional errors. These errors can be incredibly rare and valuable.
11. High-Grade Coins
Lincoln Memorial pennies in pristine, uncirculated condition can be worth much more than their face value. Coins with high grades from reputable grading services are highly prized by collectors.
12. Proof Coins
Proof Lincoln Memorial pennies, especially those from early years, can be valuable. These coins were specially made for collectors and often have a mirror-like finish.
13. Off-Center Strikes
Off-center strikes occur when a coin is not properly aligned during the minting process, resulting in a misaligned image. These error coins can be quite valuable, depending on the degree of misalignment.
14. Die Cracks
Die cracks are lines or cracks that appear on a coin due to a damaged die. Lincoln Memorial pennies with significant die cracks are considered errors and can be valuable.
15. Repunched Mint Marks
Repunched mint marks occur when the mint mark is stamped more than once in slightly different positions. These errors are collectible and can add value to a Lincoln Memorial penny.
16. BIE Error
The BIE error is named for the appearance of a raised line between the “B” and “E” in “LIBERTY,” resembling the letter “I.” This error is caused by a die break and is a favorite among collectors.
Conclusion
Lincoln Memorial pennies are more than just everyday currency; they are a treasure trove for coin collectors. From notable errors to rare varieties, these pennies can be valuable additions to any collection. Keep an eye out for these 16 rare Lincoln Memorial pennies, and you might just find a hidden gem in your change. Happy collecting!