The 10 Most Valuable Lincoln Memorial Pennies You Should Own

The Lincoln Memorial penny, minted from 1959 to 2008, is a staple of U.S. coinage. While most of these coins are common, some rare dates, errors, and unique features make a few Lincoln Memorial pennies extremely valuable. For collectors, identifying these special coins can be both exciting and rewarding. Let’s explore the 10 most valuable Lincoln Memorial pennies and what makes them worth owning.

1969-S Doubled Die Obverse

• Why It’s Valuable: This coin features dramatic doubling on the obverse, including the date and inscriptions like “LIBERTY” and “IN GOD WE TRUST.”
• Value: In high grades, it can sell for over $35,000.
• Key Tip: Beware of counterfeits; only certified examples should be trusted.

1970-S Small Date

• Why It’s Valuable: The small date variety of the 1970-S penny is significantly rarer than the large date. Look for the “7” in the date, which is level with the other digits.
• Value: Prices range from $500 to $3,000 depending on condition.
• Key Tip: Use a magnifying glass to differentiate between the small and large date varieties.

Also Read: The 10 Most Valuable Wheat Pennies for Collectors

1983 Doubled Die Reverse

• Why It’s Valuable: This error coin displays noticeable doubling on the reverse, particularly in the inscriptions “ONE CENT” and “UNITED STATES OF AMERICA.”
• Value: In Mint State condition, it can fetch $250 to $2,500.
• Key Tip: Examine the reverse under good lighting to spot the doubling.

1992 Close AM

• Why It’s Valuable: In 1992, a small number of pennies were struck with the “AM” in “AMERICA” very close together, a design intended for proof coins but mistakenly used on circulation coins.
• Value: These coins can sell for $10,000 or more in high grades.
• Key Tip: Compare the spacing of “AM” with a regular penny for clarity.

1999 Wide AM

• Why It’s Valuable: This coin is the opposite of the 1992 Close AM. The “AM” in “AMERICA” is spaced farther apart, a feature intended for proof coins but used on some circulation coins by mistake.
• Value: Depending on condition, it can sell for $200 to $1,500.
• Key Tip: A magnifier is essential for identifying this subtle design difference.

1972 Doubled Die Obverse

• Why It’s Valuable: This penny exhibits strong doubling on the obverse, especially on the date, “LIBERTY,” and “IN GOD WE TRUST.”
• Value: Mint State examples can sell for $1,000 to $2,500.
• Key Tip: Look for prominent doubling without the use of a microscope.

1960 Small Date

• Why It’s Valuable: The 1960 penny has a small date variety that is much rarer than the large date version. The “6” in the date is shorter and curves closer to the “0.”
• Value: Prices range from $50 to $500, depending on grade.
• Key Tip: Compare with a regular 1960 penny to spot the difference.

1984 Doubled Ear

• Why It’s Valuable: This error coin features doubling on Lincoln’s ear, making it one of the more interesting varieties.
• Value: In higher grades, it can sell for $200 to $3,000.
• Key Tip: Inspect Lincoln’s ear closely for signs of doubling.

1995 Doubled Die Obverse

• Why It’s Valuable: While less dramatic than other doubled die varieties, this penny shows clear doubling on “LIBERTY” and “IN GOD WE TRUST.”
• Value: Prices range from $50 to $1,500, depending on condition.
• Key Tip: Use a loupe to confirm the doubling is genuine.

1971 Doubled Die Obverse

• Why It’s Valuable: Another doubled die error, this coin exhibits doubling on the obverse inscriptions and date.
• Value: In Mint State condition, it can sell for $500 to $3,000.
• Key Tip: Authentic examples often have a sharp doubling that is easy to spot.

What Makes Lincoln Memorial Pennies Valuable?

1. Mint Errors: Doubling, spacing anomalies, and planchet errors make these coins unique.
2. Low Mintage Varieties: Coins like the 1970-S Small Date are rare because of limited production.
3. Condition: Coins in Mint State or uncirculated condition are always worth more than circulated ones.
4. Collector Demand: The allure of finding rare coins drives up their value significantly.

Also Read: 9 Valuable Coins Worth Money

How to Identify Valuable Pennies

• Inspect Closely: Use a magnifying glass or loupe to spot subtle errors like doubling or spacing differences.
• Check Mint Marks: Key varieties often involve specific mints, such as “S” for San Francisco or “D” for Denver.
• Compare with Known Varieties: Use guides and resources to match your coins against known rare varieties.

Tips for Collectors

1. Get Coins Graded: Professional grading authenticates coins and boosts their market value.
2. Store Coins Properly: Use coin holders or albums to protect from damage and maintain condition.
3. Research Market Trends: Stay updated on auction results and price guides to make informed decisions.
4. Hunt in Coin Rolls: Valuable Lincoln Memorial pennies can occasionally be found in circulation or rolls.

Table – most valuable Lincoln Memorial pennies

Conclusion

The Lincoln Memorial series offers exciting opportunities for collectors, with some pennies worth thousands of dollars due to errors, low mintages, and unique varieties. Whether you’re a seasoned numismatist or a beginner, hunting for these valuable coins can be a thrilling journey. Start checking your collection—you might already own one of these treasures!

FAQs

What makes Lincoln Memorial pennies valuable?
Rare errors, low mintage, and unique design features increase their value.

What is the most valuable Lincoln Memorial penny?
The 1969-S Doubled Die Obverse penny, which can sell for over $35,000.

How can I identify rare Lincoln Memorial pennies?
Look for mint marks, doubled dies, and spacing anomalies like the Close AM or Wide AM varieties.

Should I get my Lincoln pennies graded?
Yes, professional grading by PCGS or NGC verifies authenticity and enhances value.

Are rare Lincoln Memorial pennies still in circulation?
While rare, some valuable pennies can still be found in circulation or coin rolls.