How to identify pennies worth money?

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To identify pennies that may be valuable, you should inspect the coin for four main criteria: the year, any mint marks, production errors, and its overall condition. Most circulating pennies are worth face value, but specific variations can fetch a significant premium from collectors (numismatists).

How do I know if a penny is valuable?

How to tell if an old penny is worth money

  1. Check the Year: The minting year can tell much about a penny's value. ...
  2. Inspect for Errors: Errors, like double dies or wrong metal use, can significantly increase a penny's value. ...
  3. Look at the Mint Mark: The Mint Mark shows where a coin was minted.

Which year of pennies are worth money?

Which pennies are worth a lot of money? Some of the most valuable pennies include the 1943 copper Lincoln cent, 1955 double die Lincoln cent, 1909-S VDB Lincoln cent, and the 1873 Indian Head penny with a doubled "LIBERTY".

Which penny coins are worth money?

7 Most Rare Pennies — and What Makes Them Unique

  • 1856 Flying Eagle Cent. ...
  • 1864 Indian Head Penny – "L" on Ribbon. ...
  • 1909-P and 1909-S VDB Lincoln Pennies. ...
  • 1943 Lincoln Cent Struck on Bronze Alloy. ...
  • 1944-S Lincoln Steel Penny. ...
  • 1969-S Lincoln Penny – Doubled Die Obverse. ...
  • 1958 Doubled Die Obverse Cent.

What is special about a 1987 penny?

This 1987-D Lincoln Penny is a rare and unique coin for any collector or enthusiast. It features a copper composition with a proof-like strike type and a fineness of 0.95. The coin is ungraded but has been circulated, adding to its character and history.

5 valuable pennies to look for in circulation!

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What are the 15 most valuable pennies?

Rare Pennies

  • 1914-S Lincoln Penny.
  • 1944-D Lincoln Penny (Zinc-coated steel)
  • 1909-S VDB Lincoln Penny.
  • 1872 Indian Head Penny.
  • 1969-S Lincoln Penny-Doubled Die Obverse.
  • 1926-S Lincoln Penny.
  • 1877 Indian Head Penny.
  • 1914-D Lincoln Penny.

Should I clean valuable 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.

What year to keep pennies?

Harker says people have hoarded pennies for ages and she thinks that will continue because of the value of pennies from 1982 and earlier. Those pennies were made out of copper, while those after 1982 feature zinc and copper. More modern pennies tend not to have that same worth as their earlier counterparts.

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.

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.

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.

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 error pennies should I look for?

1) Doubled Die

One of the most common penny errors to look for is a double-die penny. Errors in the hubbing process that creates the die can result in doubled die errors. The raised or positive picture imprinted on the coin is created using a hub.

Are any pennies worth keeping?

The most valuable pennies, which are rare but possibly still in circulation, are 1943 copper Lincoln wheat pennies, a few of which were produced accidentally as the U.S. mints were supposed to use zinc to save copper for the World War II effort, John Feigenbaum told USA TODAY, publisher of rare coin price guide ...

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.

What penny is valued at 2.3 million?

A 1943-D Lincoln Bronze Wheat Penny sold for $1.7 million in 2010 but is valued at $2.3 million in uncirculated mint condition.

What year pennies to look for today?

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.

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 $250000 today?

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