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1971 Penny Value: What Are 1971 Pennies Worth? (Including The Rare 1971 Doubled Die Penny!)

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By Joshua

If you collect old pennies, then you may already have a 1971 penny in your possession.

1971 penny value

These old Lincoln pennies in your pocket change may look ordinary, but all are worth more than face value, and some are worth much more than 1 cent!

If you’re looking for current 1971 penny values, you’ve come to the right place.

We’ll tell you what your 1971 pennies are worth and how to find the doubled die penny worth than $25.

Interesting 1971 Penny Facts

The 1971 penny is made from a composition consisting of 95% copper and 5% zinc.

Because the value of the coin’s copper content exceeds 1 cent, all 1971 pennies are automatically worth more than face value and are therefore worth keeping.

Generally speaking, any worn 1971 penny is worth 2 cents each.

Most 1971 pennies are common.

However, there is at least one rare 1971 penny… It’s the doubled die 1971 penny, and most are worth from $25 to more than $150!

The Rare 1971 Doubled Die Penny

The 1971 doubled die penny is a scarce error variety.

How do you know if you have a 1971 doubled die penny?

Look for doubling on the obverse (head’s side) in the inscriptions LIBERTY and IN GOD WE TRUST.

TIP: You’ll need a magnifying glass to really see this doubling.

The 1971 doubled die penny isn’t nearly as popular as some other widely known error coins — such as the 1955 doubled die penny, 1969-S doubled die penny, or 1972 doubled die penny.

Nevertheless, the 1971 doubled die penny is a valuable collectible. Perhaps less than 500 or so exist today, making it a truly scarce coin.

How much is a 1971 doubled die penny worth?

Values range from about $25 for a well-circulated specimen up to $100 with very minimal wear.

Here’s some more good news: you can still find the 1971 doubled die penny in spare change if you look closely enough!

There simply aren’t many folks who know about this scarce 1971 penny — especially those who are outside of coin collecting circles. You’d be surprised how many folks have spent a 1971 doubled die penny and never even knew it, because they didn’t know they had anything special to look for on 1971 pennies.

How Much Is A 1971 Penny Worth Today?

As mentioned above, all 1971 pennies are worth at least 2 cents each.

Let’s say you found your 1971 penny in pocket change — it’s worn, and thus worth 2 cents.

But what about uncirculated and proof 1971 pennies? What are these old pennies worth?

Here’s a look at 1971 penny values and how many of each type of 1971 penny was made:

  • 1971 penny — 1,919,490,000 minted (1.9 billion); 20 to 50+ cents
  • 1971-D penny — 2,911,045,600 minted (2.9 billion); 20 to 40+ cents
  • 1971-S penny — 525,133,459 minted; 20 to 40+ cents
  • 1971-S proof penny — 3,220,733 minted; $1+
  • 1971 doubled die penny — mintage unknown; $25+

*Values are for problem-free coins (no cleanings, holes, porosity, etc.) in uncirculated condition or proof. Circulated pieces, including the regular 1971-S penny, are generally worth about 2 cents, with the exception of the 1971-S doubled die penny. 

IMPORTANT: What Is The Grade Of Your 1971 Penny?

To determine the true value of your 1971 penny, you first need to know what condition (or grade) your coin is in.

Grab a coin magnifier and a copy of the U.S. Coin Grading Standards book. Then, watch this video to see how to grade coins yourself at home:

These coin grading apps make grading coins yourself much easier.

More About Valuable 1971 Pennies

In addition to the links I’ve included above, here are some other resources to help you learn more about your 1971 penny: