A humble penny in your pocket could be hiding a treasure. Among the billions of Lincoln pennies minted since 1909, a few rare dates, mint errors, and special editions are worth hundreds or even thousands of dollars. This ultimate guide reveals Lincoln penny values by year and tips to spot your next hidden gem.
What Are Lincoln Pennies and Why They Matter
Introduced in 1909 to honor President Abraham Lincoln’s 100th birthday, the Lincoln cent was the first US coin to feature a real person. While most pennies are ordinary, some, due to low mintage, minting errors, or historical significance, are highly prized by collectors and investors alike.
The History Behind Lincoln Pennies
Designed by Victor David Brenner, the original wheat-back design ran from 1909 to 1958. In 1959, the reverse switched to the Lincoln Memorial to commemorate the 150th anniversary of Lincoln’s birth. Over the decades, rare mint years, mintmarks, and error coins became highly collectible.
Why Lincoln Pennies Are Valuable Today
The value of a Lincoln penny depends on year, mintmark, condition, and rarity. Key pennies, like the 1909-S VDB, can sell for tens of thousands, while error coins such as double dies fetch premium prices. Collectors seek these pennies not just for monetary gain but for historical and investment value.
Top Lincoln Pennies and Their Values by Year
1. 1909-S VDB
The very first Lincoln penny with designer initials VDB on the reverse. Low mintage at the San Francisco Mint makes it extremely rare. Value: $5,000–$150,000 depending on grade.
2. 1914-D Lincoln Cent
Denver mint issue, low mintage, highly sought after in MS grades. Value: $2,000–$35,000
3. 1922 No D
Denver mint coin missing its “D” mintmark, creating a famous rare variety. Value: $1,500–$25,000
4. 1931-S Lincoln Cent
San Francisco mint coin with low production numbers. Condition significantly affects value. Value: $800–$20,000
5. 1943 Copper Penny
Most 1943 pennies were steel due to WWII, but a few copper cents exist as errors. Extremely rare. Value: $100,000+
6. 1955 Doubled Die Penny
Iconic error coin with doubling on date and inscriptions. Popular among collectors. Value: $1,500–$15,000
7. 1972 Doubled Die Penny
Doubling on the obverse creates a collector favorite. Value: $50–$1,000
8. 1983 Close AM Lincoln Penny
Subtle variations in the “AM” of “AMERICA” make some pennies collectible. Value: $50–$400
9. 1992 Close AM Lincoln Penny
Similar to 1983, a subtle variety popular among modern collectors. Value: $50–$300
10. 2009 Lincoln Bicentennial Pennies
Specially minted to commemorate Lincoln’s 200th birthday. Different reverse designs make them collectible. Value: $1–$50 depending on edition.
Key Lincoln Penny Values by Year
| Year / Type | Mint / Feature | Value Range |
|---|---|---|
| 1909-S VDB | San Francisco, low mintage | $5,000–$150,000 |
| 1914-D | Denver mint, rare | $2,000–$35,000 |
| 1922 No D | Missing mintmark | $1,500–$25,000 |
| 1931-S | San Francisco, low production | $800–$20,000 |
| 1943 Copper | WWII error, extremely rare | $100,000+ |
| 1955 Doubled Die | Error coin, doubled obverse | $1,500–$15,000 |
| 1972 Doubled Die | Modern doubled obverse | $50–$1,000 |
| 1983 Close AM | Subtle variation | $50–$400 |
| 1992 Close AM | Subtle variation | $50–$300 |
| 2009 Bicentennial | Special edition designs | $1–$50 |
Tips to Spot Valuable Lincoln Pennies
| Tip | Explanation |
|---|---|
| Check Mintmarks | S, D, or P mints affect rarity and value |
| Look for Errors | Doubled dies, missing letters, or wrong metal |
| Focus on Condition | MS65 and above dramatically increase value |
| Research Key Years | 1909, 1914, 1922, 1943, and 1955 are most valuable |
| Get Certified | Professional grading increases sale price |
Expert Insights for Collectors
Collectors recommend examining coins closely under magnification to spot errors or doubled dies. Maintaining original condition is critical; even minor scratches reduce value. Investing in certified coins from PCGS or NGC ensures authenticity and increases resale potential.
FAQs
Q: Are all Lincoln pennies collectible?
A: No, only specific years, mintmarks, and error coins are highly sought after.
Q: How can I determine a penny’s value?
A: Consider year, mintmark, condition, rarity, and professional grading.
Q: Where can I sell valuable Lincoln pennies?
A: Auctions, coin shows, and certified dealers offer the best returns.
Conclusion: Unlock the Hidden Value in Lincoln Pennies
Lincoln pennies are more than everyday change. From the rare 1909-S VDB to the modern Bicentennial editions, understanding Lincoln penny values by year can reveal coins worth thousands. Examine your collection carefully; your next penny could be a historical and financial treasure.