Lincoln Memorial Pennies Valued From 1 Cent To $50,000 And Up

lincoln-memorial-pennyFor nearly 50 years now, the Lincoln Memorial has graced the reverse (tails side) of our nation’s Lincoln penny.

Now, believe it or not, we face what is the last year of this highly popular design which  has become familiar to all Americans.

Beginning in 2009, the U.S. Mint will embark upon a special, 1-year program of 4 different designs for the reverse of the Lincoln penny  to honor the bicentennial of Lincoln’s birth.

In 2010, the U.S. Mint will begin using a new design for the reverse of Lincoln pennies, permanently replacing the Memorial image.

So, are Lincoln Memorial pennies worth lots of money?

Will any of them become valuable in the future?


Value Of Lincoln Pennies

As far as business-strike Lincoln Memorial pennies, the kind struck for circulation (and lacking errors), the short answer essentially is no — Lincoln Memorial pennies generally are not valuable. In fact, typical pieces are worth only face value if worn, and only a tiny premium if in average uncirculated condition, except for a few cases.

Will Lincoln Memorial pennies become valuable in the future? The precise answer is beyond anyone’s guess, but it is safe to assume that Lincoln Memorial pennies, on the whole, will not ever escalate greatly in value, at least for the foreseeable future.

Why? Because many billions of these coins were minted.

Let’s look at the previous Lincoln penny reverse design, the wheat penny. Even though the last wheat penny was struck in 1958, the common dates (many with mintages only a half or a third or less than that of any single Lincoln Memorial date and mint mark combination) are worth little more than 5 to 10 cents in worn condition today.

Perhaps pristine, uncirculated Lincoln Memorial pennies may see handsome price increases in future years, but it is safe to say that the average worn Lincoln Memorial penny may not be worth more than a penny for a very long time to come.

 

Error Pennies Are The Most Valuable

This is not to say there are no Lincoln Memorial pennies worth more than a penny — or 2 or 10 pennies. Keep an eye out for error pennies

There are many, but doubled-dies are among the most valuable. “Doubled-die” refers to doubling of all or part of a coin’s design or lettering.

 

Doubled-Die Lincoln Pennies

1955-double-die-penny

Known doubled-die dates of business-strikes (not proofs) include:

  • 1969-S: Check for doubling on the lettering and date on the obverse; quite rare and worth more than $50,000 in uncirculated grades
  • 1970-S Large Date: Look for doubling on the date and lettering on the obverse; worth upwards of $250 if uncirculated
  • 1972: You will see doubling on the obverse, prominent on the date and lettering; worth at least $200 in uncirculated grades
  • 1983: You will see doubling on the reverse-side lettering; starts at around $100-125 in uncirculated grades
  • 1984: There is doubling in Lincoln’s ear; values start at around $75 in lower uncirculated grades
  • 1995: Look for doubling on “In God We Trust” and “Liberty”; prices start at around $10-15 in uncirculated grades

 

Other Interesting Lincoln Memorial Pennies

Varieties to look for include the following:

  • The 1960 large and small date
  • 1960-D large and small date
  • 1970-S large and small date
  • 7 different 1982 varieties:

+ 1982 Copper Large Date

+ 1982 Copper Small Date

+ 1982-D Copper Large Date

+ 1982 Zinc Large Date

+ 1982 Zinc Small Date

+ 1982-D Zinc Large Date

+ 1982-D Zinc Small Date

Generally speaking, these pennies are worth only face value if worn, but can command minimal premiums above face value if uncirculated. Of note are the 1960 small date (with a price tag of around $5 and up if uncirculated) and the 1970-S small date (pulling in over $50 if uncirculated).

Keep in mind that the San Francisco Mint produced business-strike coins (those made for circulation) with mint marks from 1968 through 1974.

 

Lincoln Penny Mints

Worth noting is the fact that the San Francisco and New York Mint at West Point struck Lincoln pennies years afterward, but did not leave mint marks on these coins.

So, one really cannot tell which cents without mint marks were produced at Philadelphia or at the San Francisco or West Point facilities.

By the way, there are no mint marks on any cents dated 1965, 1966, or 1967 — the U.S. Mint omitted mint marks from all U.S. coins at this time to deter hoarding and collecting activities at a time when the nation suffered a coin shortage.

 

More About Lincoln Memorial Pennies

There are many great websites for Lincoln Memorial penny collectors to peruse.

Joshua McMorrow-Hernandez

My love for coins and numismatics began when I was 11 years old. I primarily collect and study U.S. coins produced during the 20th century. I've also been studying meteorology and watching weather patterns for years. I enjoy sharing little-known facts and fun stuff about coins, weather, travel, health, and living green with others.

More Posts

Follow Me:
TwitterGoogle Plus

Fun From Around the Web

  • Anonymous

    does anyone know anything about a penny that has jfk face facing lincoln from 1972?

  • Anonymous

    I have a 1968 D Penny that the 68 are silouetted as if maybe a double die. The 19 are not as deeply imprinted or as thick as the 68 are. Do you have any information on this type of penny?

    Thank You

  • Anonymous

    Sounds like mechanical doubling, Chelle. While I can’t verify without seeing the coin in person, the description sounds like a case where the coin slid during striking and was hit twice.

    While it may be a double die, if it is indeed mechanical doubling (a different type of occurrence) then the coin has little, if any, value above it’s regular collector value. If worn, that would be face value.

  • Daniel

    I have found a 1960D penny that a coin dealer verified as a mint error.I have searched web site after web site and can’t find this penny.Well,I found it,but no mention of mint error.Is it possible I found a treasure?Dealer that seen it said error was caused by a cracked die.

    • Anonymous

      Daniel,

      What kind of mint error is it? By chance one that resulted in the middle part of the ‘0’ in ‘1960’ having broken away, leaving a big circle where the ‘0’ should be? Or is it another type of error?

      • Daniel

        On the B in LIBERTY.The top opening of the B has a blob of metal,but you can see an indent where it stamped.I have found 3 of them,but 1 is very prominant..

        • Anonymous

          Daniel,

          I’m not myself aware of that particular error on the 1960-D Lincoln cent. Have you consulted Walter Breen’s Encyclopedia of United States Coins to check this as well? The piece MAY be in there.

          Overall, I can say that die cracks on modern U.S. coins don’t usually bring much outstanding value to the coin unless the die crack causes an issue with the coin that brings widespread attention and, therefore, wide demand for the piece.

  • Leeann Baker

    I have a 1967 uncirculated Linoln- Kennedy penny….On the card it came with…..Can you give me somne info on this.

  • Torture1

    I have a 1939 penny and a 1947d penny could you tell me if they are worth any?

    • Anonymous

      Yes, Torture — your 1939 and 1947-D pennies are each worth around 2 to 3 cents in typical circulated grades.

  • Jordyl2k

    I have a 2007 Lincoln Memorial penny with a raised circle of some sort stamped over the memorial – Anyone know anything about this? Thanks.

    • Anonymous

      Hi, Jordy –Hmm… Without seeing your coin, I can’t say if this is mint-caused or damage to the coin after it left the mint. I can say with certainty that the circle is NOT due to a design change at the mint, so it’s either an error coin or post-mint-damage.If you’d like, feel free to stop by The Fun Times Guide to Coins Facebook page (http://www.facebook.com/#!/TheFunTimesGuideToCoins), join the conversation there, and post a pic and we’ll see if we can figure out what you have!

  • Purpleant1997

    I havae a 1965 Lincoln cent,maybe a mule, that is gold on one side and silver on the other. Is there any value to it?

  • Krlambsr

    i have a double struck revers reading 1997 penny does it have any value my email is klambsr@yahoo.com

    • Anonymous

      Kr,

      If you wouldn’t mind posting a photo at The Fun Times Guide to Coins Facebook page, we would be happy to take a look and see if we can figure out exactly what you have and its approximate value! Here’s the link: http://www.facebook.com/?ref=hp#!/TheFunTimesGuideToCoins

  • A.C. Hoffman

    Hey i have a quick question i have been searching to answer and cant even find an idea. i have a certified dateless clogged die lincoln memorial penny graded ms63 or ms64. if you could let me know what this coin could be worth i would greatly appreciate it! thank you.

  • Rapunzel1000

    hi, i have a 1977 penny struck on one side only is there any value to it?

  • Slickrick28

    great post Joshua. I enjoy weather and coins like crazy. interesting.

    • Anonymous

      Slickrick,

      That kind comment is greatly appreciated. Please stay tuned for more coins and weather posts!

  • http://twitter.com/coryMJ4ever Corina M

    Thank you so much for this info

  • Commongood

    I was looking for the wheat pennies last night and found a silver looking  one 1940 something and it does not make a  sound like a penny it drops like some thing else do you know anything about these kinds of penny

    • Bill

      Its a 1943 Steel penny. Pretty common and worth only a few cents.  The 1943 Copper penny is the one worth the big bucks

    • http://www.facebook.com/madhawaji Madhawa Abeygunawardane

      what about this one? i dont knw.can anyone help me to find this out??? mint philadelphia, 1968 1 cent. abraham lincoln. thanks.

  • Nichols Dewayne

    i have a lot of OLD wheat pennies i have from 1919 up are they worth anything???

    • Anonymous

      Nichols –

      For the most part, pennies made during the late teens and on are worth between 3 cents and 25 cents each in typical, worn condition. However, based on the date or the coins’ condition, they could be worth more. Here’s an article that should help you: http://coins.thefuntimesguide.com/2008/07/rare_wheat_pennies.php

      • marty wynn

        hey josh , i have a 1942 d copper penny is this worth anything . Thanks …

        • JoshuaTheFunTimesGuide

          Hello, Marty –

          Your 1942-D Lincoln penny is worth around 5 cents.

          Thanks for your question!

  • JOHN

    I have a penny that has Abe struck only half size. It has no visible date and only “rty” from liberty on the front and unum on the back. Appears to be a mint defect. Has anyone ever heard of a penny like this? jjohnson37@hughes.net

  • Chipbowen91

    Where can I find info on the 1982 pennies?  Are any of them worth more than others?

  • Pete

    I have a 1997 p lincoln penny that has been double stamped  it looks as if the penny was fliped and stamped again  its very readable on both sides does this coin carry any value

    • JoshuaTheFunTimesGuide

      Pete,

      Would you please post an image of the coin here in the comments forum for us to look at? Thanks!

  • Alan

    I have a 1995 D penny that seems to have three small letters on Lincoln’s shoulder. Can anyone tell me about this?

  • AnotherMansTrezure

    My GrandFather had this in his file cabinet when he passed last year & I heard there’s a 1958 penny that’s rare? Would this happen to be rare? Thanks!

  • evieras

    i have found a 1982 D penny with another face stamped on it that faces lincoln

  • joe

    I have a penny that has date 3000 on it and edges are chopped ans lines like it was for a quarter around the outside at first

  • coinnut

    i have a question. i have a 1956 nickel thats possibly an error coin. also a 2009 lincoln presidency penny with the capitol construction on the back. do you have any idea what these could be worth?

    • JoshuaTheFunTimesGuide

      The 2009 Lincoln cent is worth face value if worn. What type of error do you think your Jefferson nickel has? Could you describe the mishap, please? Thanks!

  • KarenS

    I have a 1967 lincoln penny that says “let us pray” Is this a common coin?

    • Teresa Lingo

      I have a 1967 penny…How much is it worth

  • JoshuaTheFunTimesGuide

    Hello, Ray –

    Your 1965 Lincoln cent was plated by somebody outside of the U.S. Mint. Most likely, this person used silver, pewter, or perhaps even mercury; such pieces are considered altered and have no monetary value to most coin collectors.

  • nate

    Hi I have a 1943 and 1944 wheat pennies that look as if they are bronze. What do you know of the value of these wheat pennies?

    • JoshuaTheFunTimesGuide

      Hi, Nate –

      Well, if you have a 1943 bronze cent, it would be worth over $100,000; however, you need to check out your 1943 cent to ensure it really is a bronze penny, and not just a regular steel cent that has been copper plated, or a 1948 cent that has had the last digit in the date manipulated.

      You will want to have your 1943 cent authenticated to verify its state; here’s more info on third-party coin grading companies: http://coins.thefuntimesguide.com/2009/01/slabbed_coins.php

      Your 1944 copper cent is worth around 10 cents.

  • fctc

    I have a 1995 d penny with 2 different nines that an error.

  • Wahyu NHK

    test

  • Dan

    I found in my pocket a 1970 D Lincoln penny that has been double stamped…meaning the memorial on the back has also been stamped over Lincoln’s head on the front. Is this rare? damiller@dwu.edu

    • JoshuaTheFunTimesGuide

      Hi, Dan –

      You seem to be describing a die brockage, which is a fairly rare type of coin error. A Lincoln Memorial cent such as yours would be worth around $30 to $50.

  • ricky

    I have a 1941 wheat penny that has a crooked E on the backis this a valuable coin or not ?

    • JoshuaTheFunTimesGuide

      Hi, Ricky –

      I have seen Lincoln wheat cents that appear to have crooked lettering, upon closer examination, the coins actually had suffered damage right on the letter(s) that cause them to look askew.

  • Rob

    Hi, I need help with this 1927 wheat penny I found, instead of in god we trust above lincoln it says united we stand, and the back of the penny is blank, but still has its rim, almost like a soda cap, any help would be appreciated.

    • JoshuaTheFunTimesGuide

      Hi, Rob –

      What you have is a novelty coin; these pieces are more of a curiosity than a monetarily valuable find.

  • Gino Georgopoulos

    hi i have a 1975 penny that has the lincon momorial horizontal and vertical is it worth much ?

  • Bj Stinson

    I have 3 error pennies all 1968 d first is a bu error blob top where the in god we trust is stamped into rim, and there is a tint in the date 1968 and on the back of his head 2 is a bu error blob top where again the in god we trust is on the rim and the third is a bu error where there is a crack between we trust rim what would be the value of these my grandfather left them and much more when he passed just wondering what they went for

  • anastasia

    in god we trust liberty 1970-D one cent Know something about this;

  • barry. g.

    have 1940 penny w.no print on back of xoin.it is also half thickness of regular penny .info needed .thank you

    • JoshuaTheFunTimesGuide

      Hi, Barry –

      Your coin has been altered, and most likely so to make it an illusionist’s coin for an array of “tricks.”

  • Tami W.

    I have a 1960 Jefferson Nickel with no mint mark with error’s that I can’t find info on as being previously reported… so how do I know what is a real error and what isn’t. They all look like errors to me but I am new at this and not sure. From what I can see on the coin is it is really bright a lustrous, It has DDO & DDR, mint errors, I can see stripes across the coin that go under the letters, strong doubling on the building & the background of all the letters has another layer of lettering, the images are crisp and very detailed, there is an indented area all around the outside edge. I can see all the doubled areas a lot stronger under a magnifying glass. I got this out of a row of Nichols given to me from the bank but it is a 1960 so not sure if that means it was circulated or not. Can anyone help me, I am not sure what to do with this coin.

    • JoshuaTheFunTimesGuide

      Hi Tami,

      From what I can tell from the photos, you have an exceptionally nice 1960 Philadelphia (no mintmark) nickel. I would definitely hang on to it. It is worth between 25 and 50 cents.

  • Guest

    Any idea how much this is worth, it is labeled 2005 P Minnesota BS Doubled Die Extra Tree

  • Tami W

    Any idea how much this is worth? It’s labeled as a 2005 P 25c BS Minnesota Doubled Die Extra Tree

    • JoshuaTheFunTimesGuide

      Hi, Tami –

      The value of your 2005 extra tree doubled die Minnesota quarter is around $30 to $40.

  • Tami W.

    Can you tell me if these quarters are missing clad coins or if not what is wrong with them. They are the darkest quarters I have ever seen.

    • JoshuaTheFunTimesGuide

      These coins appear to have been antiqued, perhaps through the application of an oil or resin. They have a handsome effect, but are worth only face value, unless you are willing to find somebody who might pay a little extra for their artistic appearance (which makes them more like novelty coins, from the collector standpoint).

      Thanks for your question!

  • Μπάμπης Βάσσης

    i have one dime 1965 and write god we trust. how value have today?

    • JoshuaTheFunTimesGuide

      A 1965 Roosevelt dime with the words IN GOD WE TRUST, which is typical, is worth face value (10 cents) if the coin is worn.

  • Jessica Smithers

    I have a 1977 penny that seems to be stamped the correct way and then turned and stamped again. You can clearly see 2 memorials on the back; is there any value?

    • JoshuaTheFunTimesGuide

      Hi Jessica,

      Would you please post an image of your coin so we can evaluate it and see what’s going on?

      Thanks!

  • Cory Pryor

    I have 1907 unc. Liberty headress cent pennies are they valubale

    • JoshuaTheFunTimesGuide

      Hi Cory,

      Yes, they are. An uncirculated 1907 Indian Head cent is worth about $35 and up.

  • billy c

    I have a penny that has 2017 for the date

    • JoshuaTheFunTimesGuide

      Hi Billy –

      Would you please post a photo of your coin so we can verify?

      Thanks!

  • destiny

    Hello my name is Destiny I was wondering how much is a 1967 penny worth.

    • JoshuaTheFunTimesGuide

      Hello, Destiny –

      A 1967 Lincoln cent found in circulation is worth only one cent in collectible value, but some people will pay two or three cents for these since they are copper-based.

      Hope this answers your question!

  • Sondra

    I have a 1989 penny with “We Trust” reversed on the back of the penny and I can’t find any information about it and if it is worth anything.

    • JoshuaTheFunTimesGuide

      Hi Sondra,

      May I see a photo of your coin to determine if you have a mint error?

      Thank you!

  • Claude

    Hi. I have a 1983 Lincoln one cent. Mint mark E. I think it has a mint error. Do you know the value

    • JoshuaTheFunTimesGuide

      Hi Claude,

      The image appears blurry, but it seems that there is either a type of lamination error on your coin involving the copper plating or a chemical alteration.

      • Claude

        Thank you. The part actually looks carved out. . Do you think it is worth anything?

        • JoshuaTheFunTimesGuide

          Well, it is hard to tell with the photo resolution as it is right now unfortunately. A lamination error can look like part of the metal was carved out, and that type of error can be worth $5 to $10. But I can’t say for certain; perhaps a higher-resolution image may help? Thanks, Claude!

  • mohameed abubakar

    Hey i am from india i have a one cent of United State of America in date of 1974 i am looking for your reply

    • JoshuaTheFunTimesGuide

      Hello, Mohameed,

      1974 Lincoln cents are common here in the states, but are more so considered collectors items especially overseas. Such pieces could be worth the equivalent of three to five times face value there.

      Take care!

  • cris

    I have a penny with lines on it do u know why

    • cris

      see

      • JoshuaTheFunTimesGuide

        Hello Cris,

        Those lines appear to be toning or oxidation, quite possibly from being placed obverse side down inside a coin folder for many years.

        Very interesting!

  • mark

    Hi I have found a 1984 Lincoln penny that is solid copper. Not plated. How much is it worth?

    • JoshuaTheFunTimesGuide

      Hi Mark,

      What does your penny weigh? You will need to use a post-rate scale to get an accurate measurement down to the grams level.

      Thanks for your question!

      • mark

        It came up just less than 3 grams. It must have been through the copper plating process twice. Still I will put it in my collection of errors. thanks for the help.

  • docbrown56

    Hi,what is the best way to find prices on error coins like this one . Zinc on the outside ,copper on the inside with a die half moon shift.Online prices are very transient . Sometimes individual’s websites help,but to expect massive returns at auction these days seems to be better served by accepting a reasonable offer.

    • JoshuaTheFunTimesGuide

      Hello, Doc —

      Given that you say there is copper on the inside and also noticing how much of the design of this coin was cut off, I think you may have a penny that was struck on a dime coin blank. If this is correct, your piece could be worth $150-$200. Without having it authenticated I don’t want to say for certain, but my intuition tells me you have a Lincoln cent on a dime planchet – very rare indeed!

  • shon

    hi i have the 1992 coin close AM can someone tell me the value of it?

  • sankalp patil

    Hey There,