How can I tell if my penny is rare?

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To determine if your penny is rare, you need to examine specific characteristics: the year, mint mark, condition, and any potential errors. Rarity is generally based on how many coins were originally minted and how many are still in existence today.

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

Some pennies worth $1 million. Rare Lincoln Wheat Pennies, minted from 1909-1958, are valued anywhere from thousands to millions of dollars. The Lincoln Wheat Penny was the first U.S. coin to feature a president's image.

Which years of pennies are worth money?

The 10 Most Valuable Lincoln Pennies

  • 1998-P Wide AM: $25.
  • 1995-D Doubled Die: $50.
  • 1970-S Small Date High 7: $60.
  • 1984-P Doubled Die Ear: $250.
  • 1960-D Small D Over Large D: $200-$500.
  • 1983-P Doubled Die Reverse: $400.
  • 1992-D Close AM: $500.
  • 1999-P Wide AM: $540.

Why is a 1971 penny worth so much?

What makes 1971 Pennies valuable? Despite the myths, 1971 Pennies are not particularly rare or valuable. The Royal Mint struck more than 1.5 billion 1p coins in this year though many have since been withdrawn from circulation. 1971 1p coins can be purchased on eBay for less than £1.

Should I clean old pennies?

Polishing and/or cleaning coins can reduce their value. Older coins that show deep age coloration are more desirable than coins whose surfaces have been stripped away by improper polishing or cleaning. If you do polish a coin to remove dirt, use mild soap and water.

How to tell if a Penny is Valuable?

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Which 1943 penny is worth $1,000,000 today?

Most circulated examples are worth between 10 and 50 cents, while uncirculated coins can fetch $2 to $10, with high-grade certified pieces reaching $100 or more. Rare error varieties, such as the highly sought-after 1943 Copper Penny, can be worth over $100,000, and some have sold for more than $1 million.

What penny is worth $2000000?

1974 aluminum cent - Wikipedia.

What are the 25 most valuable wheat pennies?

Top 25 most valuable pennies

  • 1944 Steel Wheat Penny - $408,000.
  • 1943 Copper Wheat Penny - $250,000.
  • 1856 Flying Eagle Penny - $25,000.
  • 1924 S Wheat Penny - $12,000.
  • 1873 Indian Head Penny - $10,000.
  • 1858 Flying Eagle Penny - $10,000.
  • 1857 Flying Eagle Penny - $7,000.
  • 1922 D Wheat Penny - $6,000.

Which penny is worth 1.7 million dollars?

The 1-cent coin that can be worth up to $1.7 million

The Don Lutes Jr. coin- a bronze Lincoln cent- was sold for such a huge amount because currently, only a handful of these exist.

Should I cash in my pennies now?

So, what should you do with those pennies now? You can continue to spend them. Retailers will continue to accept pennies if you want to pay with exact change. However, you certainly shouldn't save them in the hopes that their value will increase, as that's unlikely to happen in the near future.

What does a rare penny look like?

1969-S Lincoln Penny – Doubled Die Obverse

This double die obverse variety has strong doubling on the date, the word “LIBERTY,” and the phrase “IN GOD WE TRUST.” It is believed that less than 100 authentic 1969-S double die obverse cents were produced, and these coins are worth tens of thousands when sold today.

What are the key dates for pennies?

Key Date Wheat Pennies

  • 1909-S VDB. The most famous and valuable regular-issue Lincoln cent. ...
  • 1914-D. The scarcest Lincoln cent from the Denver mint in the wheat series. ...
  • 1931-S. Depression-era rarity with extremely low mintage. ...
  • 1909-S. First-year San Francisco issue without the VDB initials.

What penny is $1,000,000?

Simpson, co-chairman of the Texas Rangers baseball club, paid $1 million for the finest known 1943-S Lincoln Wheat penny on a bronze planchet. All 1943 Lincoln cents were supposed to be made of steel planchets coated with zinc.

What 1974 penny is illegal to own?

“Experimental 1974 Lincoln cents struck on bronze-clad steel planchets have the same legal status as the more famous 1974 aluminum cents, the Mint stated Sept. 9: Both are illegal to own and are subject to confiscation.

What not to store coins in?

While it might seem convenient to store coins in plastic bags, the materials often contain chemicals such as PVC that can react with the metals over time, leading to unattractive discoloration. Is it ok to store coins in plastic bags? The answer is a resounding no; it's best to avoid them altogether.

Is WD-40 good for cleaning coins?

The oil-base makes WD-40 reasonably effective at removing it without a lot of work. There is of course some sacrifice when this stuff is removed but fortunately the metal underneath is in pretty good condition and the coin, in hand, is much more presentable.

What are the top 20 most valuable pennies?

  • What Impacts Penny Value?
  • 1872 Indian Head Penny - $15,000.
  • 1877 Indian Head Penny - $100,000.
  • 1864 Indian Head Penny–"L" on Ribbon - $92,000.
  • 1914-S Lincoln Penny - $330,000.
  • 1914-D Lincoln Penny - $420,000.
  • 1909-S VDB Lincoln Penny - $1.2 mln.
  • 1944-D Lincoln Penny on a Zinc-Coated Steel Planchet - $1.7 min.

What penny is worth $250000 today?

Depending on their condition, those 1943 Lincoln wheat pennies would be worth, at most, between $100,000 and $250,000, Feigenbaum said.

Why are 1999 pennies worth $4,500?

It's from 1999 and could be worth $4,500 thanks to a little-known error on it. What you want to look for is a 1999 penny with no mint mark, which means no letter under the year on the heads side. As for the tails side, that's where you have to look closely.