Have you ever taken a close look at the pennies in your pocket? While most of us overlook these small coins, some Lincoln Memorial pennies can be surprisingly valuable. In this blog post, we’ll explore 25 Lincoln Memorial pennies that are worth more than their face value. Collectors and hobbyists alike will find this guide both intriguing and insightful.
The History of Lincoln Memorial Pennies
Introduced in 1959 to commemorate the 150th anniversary of Abraham Lincoln’s birth, the Lincoln Memorial penny has been a staple in American currency. Designed by Frank Gasparro, the reverse side of the coin features the Lincoln Memorial, replacing the previous wheat ears design. These pennies were minted until 2008, making way for the Lincoln Bicentennial series in 2009.
Factors That Make Lincoln Memorial Pennies Valuable
Several factors contribute to the value of a Lincoln Memorial penny. These include rarity, mint errors, condition, and historical significance. Let’s delve into these aspects to understand why some pennies are worth more than a mere cent.
- 1969-S Double Die Obverse: Known for its dramatic doubling, this penny can be worth thousands in high-grade condition.
- 1970-S Small Date: The small date variety is rarer and can fetch a higher price, especially in mint condition.
- 1972 Double Die Obverse: This error coin is famous among collectors and can be worth hundreds to thousands of dollars.
- 1983 Double Die Reverse: Notable for its doubling on the reverse side, this penny is a valuable find.
- 1984 Double Ear: The unique double ear error makes this penny a collector’s favorite.
- 1992 Close AM: The close AM variety in the “AMERICA” inscription on the reverse is rare and valuable.
- 1995 Double Die Obverse: Another double die error, this penny is sought after for its distinctive features.
- 1998 Wide AM: The wide spacing between the A and M in “AMERICA” on the reverse side increases this penny’s value.
- 1999 Wide AM: Similar to the 1998 variety, this penny is also valuable for its reverse design.
- 2000 Wide AM: The last of the wide AM series, this penny is prized by collectors.
- 1960 Small Date: The small date variety is less common and can be valuable, especially in mint condition.
- 1971 Double Die Obverse: This error coin is another favorite among collectors.
- 1980 Double Die Reverse: Known for its distinctive doubling on the reverse, this penny can be worth a considerable amount.
- 1981 Double Die Obverse: Similar to the 1972 and 1995 varieties, this error coin is valuable.
- 1968-S Double Die Obverse: This penny’s error makes it a collector’s item.
- 1972-S Small Date: The small date variety is rarer and more valuable.
- 1982-D Small Date Copper: Due to its composition, this penny is sought after.
- 1983 Double Die Obverse: Another double die error, increasing the penny’s value.
- 1988 Wide AM: The wide AM variety is rare and valuable.
- 1994 Double Die Obverse: This error coin is prized by collectors.
- 1960 Large Date: While more common, high-grade specimens can still be valuable.
- 1982 Large Date Zinc: The zinc composition makes this penny interesting to collectors.
- 1977 Double Die Obverse: Known for its doubling, this penny is a collector’s item.
- 1996 Wide AM: The wide AM variety continues to be valuable.
- 2001 Wide AM: The last of the wide AM series, this penny is sought after by collectors.
Conclusion: Start Checking Your Change
The next time you receive pennies in your change, take a closer look. You might find a valuable Lincoln Memorial penny hiding among the ordinary ones. Collecting these coins can be a rewarding hobby, offering both historical insights and potential financial gain. Happy hunting!
By understanding the factors that contribute to a penny’s value and being aware of the specific years and errors to look for, you can turn a simple coin collection into a treasure trove. Keep your eyes peeled, and you might just stumble upon a rare gem in your everyday transactions.