If you’re passionate about coins, especially those featuring the iconic image of Abraham Lincoln, you’re in for a fascinating discovery. Since their debut in 1909 to commemorate the 100th anniversary of Lincoln’s birth, Lincoln cents have captivated coin collectors worldwide. The Lincoln Memorial design (1959–2008) that graces the reverse side of these pennies has only added to their historical significance and appeal.
While most everyday Lincoln Memorial pennies hold little more than face value, there are certain mint-condition or error coins that can fetch hundreds or even thousands of dollars. In this article, we’ll explore the rarest and most valuable Lincoln Memorial pennies, coins that should definitely make their way into your collection.
10 Most Expensive Lincoln Memorial Penny
1. 1983-D Bronze Penny – $1,400
The 1983-D penny stands out due to its transition from copper to zinc cores, driven by the rising cost of copper in the early 1980s. However, a rare minting error produced a handful of bronze pennies, which are among the most sought-after. A high-grade specimen, graded MS67 or better, can command a price upwards of $1,400.
2. 1969 Doubled Die Penny – $126,500
The 1969 Lincoln penny is infamous for its doubled die error, particularly visible on the “LIBERTY” inscription and “IN GOD WE TRUST.” This double feature gives the penny an unmistakable look. In 2005, a pristine MS64 specimen sold for an impressive $126,500, making it one of the highest-priced Lincoln pennies on the market.
3. 1981-S Type II Proof Penny – $900–$1,200
Proof pennies from the San Francisco Mint are often prized by collectors, and the 1981-S Type II proof penny is no exception. It stands out with a clear and distinct “S” mint mark, unlike the blurry mark found on the Type I version. A high-grade PF68 example can sell for anywhere between $900 to $1,200, depending on its condition.
4. 1983 Doubled Die Reverse Penny – $7,050
Another highly sought-after coin is the 1983 Doubled Die Reverse penny. This error resulted in doubled inscriptions on the reverse, including “ONE CENT” and “E PLURIBUS UNUM.” When in exceptional condition (MS68 or higher), it can fetch prices around $7,050, thanks to its rarity and error.
5. 1979-S Type II Proof Penny – $4,000
Collectors are always on the lookout for high-quality proof coins, and the 1979-S Type II proof penny is a rare find. Featuring a sharp “S” mint mark, it’s more valuable than its Type I counterpart. These pennies can sell for around $4,000 in top grades, making them a must-have for serious collectors.
6. 1998 Wide AM Penny – $5,000
The 1998 Wide AM penny is famous for the error in its reverse design. Due to a mistake during production, the “A” and “M” in “AMERICA” were spaced farther apart than usual, creating a rare variant. High-quality examples in MS67 or better can command prices of up to $5,000, especially among advanced collectors.
7. 1992 Close AM Penny – $25,850
The 1992 Close AM penny is one of the rarest Lincoln Memorial pennies in existence, thanks to an error that led to a transitional design. The “AM” in “AMERICA” was stamped too closely, mimicking the 1993 design. These rare pennies can sell for an astounding $25,850 in mint condition, as fewer than 10 examples are known to exist.
10 Most Expensive Pennies in History
8. 1971-S Doubled Die Obverse Penny – $3,220
This particular error from 1971 features visible doubling on both “LIBERTY” and “IN GOD WE TRUST,” a trait that makes it stand out. Deep cameo versions, especially in PF67 quality, are highly prized. A specimen from 2005 sold for $3,220, showing how much collectors are willing to pay for this unique piece.
9. 1970-S Small Date Penny – $18,400
The 1970-S Small Date penny is a favorite among collectors due to its rarity. The “7” in the date is noticeably smaller than the other digits, making it easy to identify. A high-grade PF69 Deep Cameo example fetched a remarkable $18,400, showing just how highly valued these coins are in the market.
10. 1960-D Over D Penny – $4,025
The 1960-D Over D penny features a unique error where the “D” mint mark was punched twice in slightly different positions. Additionally, the date was struck with a small date over a large date. This rare coin can sell for up to $4,025, depending on its condition, making it a worthwhile find for collectors.
What Makes a Lincoln Memorial Penny Valuable?
- Mint Errors: Whether it’s a doubled die, repunched date, or other design anomalies, mint errors are one of the most significant factors in increasing a penny’s value.
- Condition: Pennies in mint condition, particularly those with cameo proof finishes, tend to fetch higher prices. The more pristine the coin, the more valuable it becomes.
- Rarity: Limited production or transitional errors can make certain pennies extremely rare and thus more valuable to collectors.
Collecting Lincoln Memorial pennies is more than just a hobby—it’s a journey through history, craftsmanship, and numismatic artistry. Whether you’re focused on mint errors, rare dates, or high-quality proofs, these coins are timeless treasures that are well worth hunting for.
FAQs
- Which Lincoln penny is the most valuable? The 1969 Doubled Die penny, valued at $126,500, holds the top spot as the most valuable Lincoln penny.
- What is a doubled die penny? A doubled die penny has doubled features on the coin, caused by a minting error during production.
- How can I identify a valuable Lincoln penny? Look for rare mint errors, special dates, or proof coins in excellent condition to spot valuable pennies.
- Are circulated pennies worth collecting? Yes! Circulated pennies can still be valuable, especially if they have mint errors or rare transitional designs.
- What is a Wide AM penny? A Wide AM penny is a variation where the “A” and “M” in “AMERICA” on the reverse are spaced farther apart due to a minting error.
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