Lincoln pennies, first introduced in 1909 to commemorate Abraham Lincoln’s 100th birthday, have long captured the interest of coin collectors. While most pennies are worth just their face value, some Lincoln pennies have become highly valuable due to their rarity, minting errors, or historical significance. This article highlights the top 9 valuable Lincoln pennies and explores the traits that make them stand out among collectors.
1. 1909-S VDB Lincoln Penny
The 1909-S VDB penny is one of the most famous and sought-after Lincoln pennies. It features the initials of the coin’s designer, Victor David Brenner, on the reverse side. The “S” mint mark indicates it was produced in San Francisco. Due to its limited mintage and the controversy around the VDB initials, this penny is prized by collectors. High-grade specimens can fetch tens of thousands of dollars.
2. 1909 VDB Lincoln Penny
Also issued in 1909 but without the “S” mint mark, this penny features the designer’s initials on the reverse. Unlike the 1909-S VDB, it was minted in Philadelphia. Because fewer of these pennies were produced compared to later years, it remains valuable, especially in excellent condition.
3. 1914-D Lincoln Penny
The 1914-D penny, minted in Denver, is prized for its low mintage—only about 1.2 million were produced. Its scarcity and the fact many were melted down during economic hardships make it one of the most valuable Lincoln pennies. Collectors particularly seek well-preserved examples.
4. 1931-S Lincoln Penny
This penny is notable because of its low mintage during the Great Depression, with just 866,000 produced. The 1931-S penny is valuable due to its scarcity and historical context, with collectors willing to pay a premium for coins in good condition.
5. 1955 Doubled Die Lincoln Penny
The 1955 doubled die penny is famous for its striking minting error, which causes the date and some lettering on the coin’s front to appear doubled. This anomaly was the result of a misalignment during the die engraving process. It is highly prized by error coin collectors and can command thousands of dollars depending on its condition.
6. 1943 Copper Lincoln Penny
Most 1943 pennies were made of steel coated with zinc due to copper shortages during World War II. However, a few copper pennies were accidentally minted that year. These rare copper 1943 pennies are extremely valuable and considered one of the most famous error coins in U.S. history.
7. 1922 “No D” Lincoln Penny
In 1922, some pennies minted in Denver were accidentally struck without the “D” mint mark. These “No D” pennies are rare and highly sought after by collectors. Their value depends on condition and authenticity.
8. 1970-S Doubled Die Lincoln Penny
Similar to the 1955 doubled die, the 1970-S penny features a doubled image due to a die error. While less famous, it remains a valuable error coin sought by collectors interested in minting anomalies.
9. 1983 Doubled Die Lincoln Penny
This error coin displays doubling on the date and some letters, making it a collectible item among error enthusiasts. Though not as valuable as earlier doubled die pennies, it still commands interest and value in the collector market.
What Makes These Pennies Valuable?
Several factors contribute to the value of Lincoln pennies:
- Rarity: Pennies with low mintage numbers or surviving populations are more valuable.
- Mint Mark: Coins minted in specific locations, such as San Francisco (S) or Denver (D), often carry different values.
- Minting Errors: Coins with doubling, missing mint marks, or unusual metal compositions stand out.
- Condition: The state of preservation-graded from Poor to Mint State-greatly influences value.
- Historical Significance: Coins minted during important historical periods or events tend to attract collectors.
How to Identify Valuable Lincoln Pennies
Collectors should carefully examine pennies for mint marks, dates, and visible errors. Using a magnifying glass and referencing official U.S. Mint materials can help verify authenticity. Professional coin grading services also provide certification that can enhance a coin’s value.
What to Do If You Find a Valuable Lincoln Penny
If you discover a penny that might be valuable, avoid cleaning it as this can damage the coin and reduce its value. Instead, consult a professional coin appraiser or numismatist for an evaluation. Trusted coin dealers and grading services can provide accurate assessments.
Conclusion
Lincoln pennies are more than just everyday change; some represent significant historical moments and rare minting errors that make them valuable collectibles. From the 1909-S VDB to the 1943 copper penny, these coins highlight the fascinating history of U.S. currency and offer opportunities for collectors and enthusiasts to own unique pieces of that history.
If you think you have one of these valuable Lincoln pennies, consider getting it appraised by a professional to understand its true worth.