Lincoln Memorial pennies have fascinated collectors since their introduction in 1959. Designed to honor Abraham Lincoln, these coins remained in circulation until 2008. While most are worth their face value, some rare variations and errors can command astonishing prices. Here’s a guide to ten valuable Lincoln Memorial pennies you should look out for.
1983-D Bronze Penny
In 1983, the U.S. Mint transitioned from copper to zinc cores, making bronze pennies from that year extremely rare. The 1983-D bronze penny is a standout. High-grade examples rated MS67 or above can sell for an impressive $1,400.
1969 Doubled Die Penny
The 1969 Doubled Die penny is one of the rarest Lincoln cents, featuring obvious doubling on “LIBERTY” and “IN GOD WE TRUST.” Only a few dozen examples exist, making it highly desirable. In 2005, a specimen graded MS64 fetched a whopping $126,500.
1981-S Type II Proof Penny
This proof penny features a sharply defined “S” mintmark, setting it apart from the more common Type I version. With fewer examples struck, Type II pennies are highly collectible. In grades like PF68 or higher, these coins are worth between $900 and $1,200.
1983 Doubled Die Reverse Penny
Doubled die reverse coins display noticeable doubling, particularly on inscriptions like “E PLURIBUS UNUM” and “ONE CENT.” The 1983 version is revered for its dramatic doubling. One example graded MS68 sold for $7,050.
1979-S Type II Proof Penny
The 1979-S Type II proof penny is known for its refined “S” mintmark. While Type I is more common, the rarity of Type II coins boosts their value. At auctions, these pennies have fetched as much as $4,000.
1998 Wide AM Penny
A rare error caused by the accidental use of a proof die resulted in widely spaced “AM” in “AMERICA” on some circulation coins. The 1998 Wide AM penny is especially rare in high grades, with MS68 examples commanding prices of $5,000 or more.
1992 Close AM Penny
In 1992, some pennies were struck with a reverse die meant for the next year, causing the “AM” in “AMERICA” to appear narrowly spaced. Only three examples are known, and one MS67 specimen sold for $25,850.
1971-S Doubled Die Proof Penny
This proof penny shows strong doubling on “LIBERTY” and “IN GOD WE TRUST,” visible without magnification. Its rarity and clear doubling make it highly valuable, with cameo examples graded PF67 selling for $3,220.
1970-S Small Date Penny
The 1970-S small date penny is a collector favorite due to its subtle date variation. Pristine examples, particularly those with Deep Cameo finishes, can sell for as much as $18,400.
| Feature | Small Date | Large Date |
|---|---|---|
| Top of “7” | Aligned with other digits | Below the other digits |
| LIBERTY Font | Weak and less distinct | Strong and bold |
1960-D Over D Small Date Penny
In 1960, the Denver Mint produced an unusual penny with a repunched mintmark and a date featuring a small over large variation. These coins are rare and highly sought after, with one MS66 example selling for $4,025 in 2008.
Lincoln Memorial pennies are more than just pocket change—they’re a gateway to history and treasure hunting. Whether it’s an error or a unique design, these coins have the potential to turn a small discovery into a big payday.
FAQs
What makes 1969 Doubled Die pennies valuable?
The noticeable doubling on text and extreme rarity.
How can I identify a 1998 Wide AM penny?
Check if the letters ‘AM’ in ‘AMERICA’ are widely spaced.
Are 1983-D bronze pennies easy to find?
No, they are extremely rare and valuable in mint condition.
Why is the 1992 Close AM penny unique?
It features a transitional design with closely spaced ‘AM’ letters.
What distinguishes 1981-S Type II pennies?
A sharply defined ‘S’ mintmark makes them rare.
