Old US Penny Values | Discover Their Worth (2024)

Coin Values Moving with Precious Metals: Up-Dated 9/9/2024: Gold $2495 | Silver $27.95


Collectors and their pursuit of nice coins is pushing old US penny values higher. These copper coins date back to the beginnings of the mint. With many different designs and varieties; a wide range of values are involved.

Old US Penny Values | Discover Their Worth (1)

Recognizing the design series of your coin, plus date, and importantly, condition, are the necessary steps to an accurate evaluation. Each different series is covered in detail with a step by step method to identify all factors contributing to value.

Early era cents are notable for their scarcity. 1793 to 1807 saw relativity low mintages and most simply wore out during use.

Half cents and Large cents of the Liberty series are slightly abundant in lower condition. Nice, lightly circulated or finer examples are scarce.

Indian and Lincoln pennies are the very popular series with many collectors assembling complete sets. Values of Indian and Lincoln pennies are supported by strong demand.

🔎Following are images to compare your coin and identify correct series. Text links lead to in-depth how to value the coin.

High Minimum Half Cent Values

All are scarce and enthusiastically sought by Half Cent specialists. With many rare dates and varieties, check your coin against the value charts.

The American Large Cent is Scarce

A classic American coin with many specialists involved. Early years 1793 to 1814 are very scarce. Should your coin be a rare date or even a well-preserved large cent the value increases significantly.

Flying Eagle Pennies | Discover Their Worth

Valuable because they are so popular. Flying Eagle penny values quickly rise depending on condition. 1856 through 1858 cents stand out as sought-after collector coins because of the bold flying eagle design. And they represent the introduction of the modern small cent size.

The Value of an Indian Penny is...

$1 to $2 dollars for common dates. With many advanced collectors perusing Indian pennies the rare dates are rapidly moving higher in value. Better condition coins are especially sought. Your box of old coins has never been more valuable.

Lincoln penny Value is Exceptional for the Right Coin

A very popular coin to collect for both beginners and advanced collectors. Lots of rare dates and mints to discover and now the condition of the older coins is important. These better condition coins have very high old US penny values.

Today's 2 Cent Coin Value | Solid

A short series highlighted by a couple of rare dates and a rare variety. A careful look at your 2 cent coins is necessary. Examine your coins, compare them to the grading images and discover today's solid values.

Step by Step Method to Old US Penny Values

Steps Leading to Value:

  • Step 1: Recognize the Different Series of Cents - US pennies cover a large variety of series and styles with overlapping dates. Identify the different series to begin.
  • Step 2: Date and Mintmark Variety - Within series, dates become important to value, identify all dates accurately.
  • Step 3: Grading Condition - Judging condition is done with a close inspection and comparing to standards for the grade.

Most factors affecting value are easy enough to identify. The date of the coin is prominent, once you know where to look, mintmarks become easy to find. And although some varieties are obscure, most are easily identifiable. All of these are listed on the value charts. However...

The hardest to accurately determine is the condition of your old pennies. Known as "Grading". Each coin denomination has their own subtle grading points to follow. Important because values are often significantly higher from one grade to the next.

Condition of a Coin is Defined by a "Grade"

With the series identified, dates confirmed, attention is now directed to the condition of the coin. All series are evaluated individually by certain condition standards. Example: Condition of Indian pennies are judged by different point on the coin than Lincoln cents.

Good Grade

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Heavily worn condition places a coin in the Good grade.

Fine Grade

Old US Penny Values | Discover Their Worth (9)

Moderate amount of wear defines the Fine grade.

Extremely Fine Grade

Old US Penny Values | Discover Their Worth (10)

With just light wear on high areas, a penny is considered as Extremely Fine grade.

Defining condition by "Grades" is how charts lists individual values for stages of wear and condition. Grading individual coins is detailed on the series pages linked above.

With your coin in hand discover old US penny values.

Coin Values | CoinStudy Articles

From Half Cents to Large Cents to Indian and Wheat pennies, there are numerous rare dates, rare mintmarks and many different varieties avidly sought by collectors. Many collections are very advanced both in scope and quality of the coins. A continual process of upgrading these collections alerts to the difficulty of finding many high-grade coins. Certain pennies once considered common are becoming difficult to find. Prices and values are continually adjusted.

Of Note: We refer to these coins as a penny or pennies, however in official terms, the US Mint defines the denomination as a Cent.

Selling Wheat Pennies and Receiving the Highest Price

Separate your old wheat pennies into the main value groups - different decades, mintmarks, rare dates and importantly condition. Preparing and selling wheat pennies for the best value is possible.

Finding Rare Pennies

Searching for rare pennies is interesting and exciting when it leads to a find. Discover the rare pennies in your box of old coins.

Coin Value Guide | How to Value a Coin Collection

A step by step method combined with the coin value online guide identifies how to value a coin collection. Discover how much your box of old coins is worth.

Return to the Penny Values Index Page

One of keys to the best price when selling and finding coin buyers is knowing accurate values.

★Coin Values Discovery... find Old US Penny Values and...

All old US coin values. The home page is an excellent index, quickly leading to the major coin series. From Cents to Gold.

Old US Penny Values | Discover Their Worth (2024)

FAQs

How to tell if an old penny is worth money? ›

Coins with mistakes, such as a double die or missing letters, can be worth significantly more than their regular counterparts. Another way is to look for specific years known to be scarce or have low mintage numbers. Collectors also value wheat pennies with a high level of detail and minimal wear.

What 1958 penny is worth $1,000,000? ›

A 1958-dated Lincoln cent mistakenly made with doubling in some letters of the design has sold for a record $1,136,250. It was owned by a New York City collector who died soon after consigning his pristine condition coins to be sold at auction. He spent his life procuring the absolute best-of-the-best Lincoln cents...

Why is a 1977 penny worth so much? ›

There are no rare or in-demand Lincoln pennies from 1977. Their mintage was high, making them quite available. Only proof coins at a high grade are rarer on the market. Since only 59 of the 5,534 survived 1977 S DCAM pennies are in the PR 70 grade, you can expect them to be costly.

What year is penny worth $7000? ›

7) 1857 Flying Eagle Penny - $7,000. 8) 1922 D Wheat Penny - $6,000. 9) 1914 D Wheat Penny - $5,600. 10) 1909 S VDB Wheat Penny - $4,150.

Why is a 1983 penny worth $10,000? ›

The U.S. made about 7.7 billion pennies in 1983, but only about 5,000 of them are known to have been made with this doubling error, James McCartney, director of numismatics at Stack's Bowers Galleries, tells CNBC Make It. The rarity of these misprinted pennies are what make them more valuable than ordinary pennies.

What to look for in the 1982 and 1983 pennies? ›

For the 1982-S, look for one that weighs 2.5 grams, as all currently known weigh 3.11 grams struck in the traditional solid copper alloy with a Large Date. Look for a 1983-S that weighs 3.11 grams in the sold copper alloy, as all should have been struck on the 2.5 gram copper-plated zinc planchets.

Which 1982 D penny is rare? ›

Of the three the 1982 no mint mark is slightly scarcer than the other two. But the 1982 D 3.11 gm SMALL DATE is extremely rare. So far only two specimens have been found, and have sold at auction for close to $35,000. I have a 1983D penny that weighs 3.8 grams.

What penny is worth $250000? ›

The 1943 copper penny is worth more than its face value. Due to its rarity and unique composition, this coin can fetch a high price of $100,000 to $250,000.

How rare is a 1966 penny? ›

There were 2,188,147,783 Lincoln Cents struck that were dated 1966. They were struck at all three Mints, but you can't tell which mint a particular Cent was produced at (no MM). They circulated well, and most of the coins you find in pocket change will be pretty well worn.

Why is a 1958 penny rare? ›

The Lincoln penny was produced for many years, and is still being produced to this day. With that being said, there are a number of different types of Lincoln pennies that have been produced over the years. The 1958 Lincoln is especially valuable because it was the last year the Wheat Penny design was used.

Why is a 1982 penny worth so much? ›

One reason these coins are so valuable has to do with what they are made of. As GOBankingRates previously reported, any penny minted before 1982 contains 95% copper. Copper pennies are a relatively common find in a penny roll, which lowers their value. But the U.S.

Why is the 1974 D penny rare? ›

The 1974-D Lincoln Memorial Cent is common and found in all grades. Much like the 1974 cent, the 1974-D also had an aluminum version made. However, only one coin was made for testing purposes. A law suit is in action between Randall Lawrence and the U.S. Government.

Is a 1975 D penny rare? ›

The 1975-D Lincoln Memorial Cent is common in all grades and has great details. Choose carefully which coin you would like and keep an eye out for details.

What years are old pennies valuable? ›

Watch for low mintage years like 1955-S, 1939-D, 1933-D, and 1931-S. Depending on condition, rarer pennies are worth more. Look for all-copper pennies. Old pennies made before 1982 are 95% copper, which gives them an inherent metal value.

Why is the 1999 penny worth so much? ›

If you have a 1999 penny in which the A and M are touching, you have the rare close AM coin. These coins are worth much more than their wide A and M penny and the regular strike coins with a healthy space between the A and M. Close AM coins are worth between $90 and $200 depending on their condition.

What year is penny worth $20,000? ›

Mint, they could lead to an item ballooning in value by a factor of 2 million or more. That's what happened to several pennies produced in 1982, which pushed their value up from 1 cent to nearly $20,000.

What year is penny worth $5000? ›

There's A 1936 Wheat Penny Worth $5,000!

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