CENTS that bear photos of sixteenth President Abraham Lincoln may usher in severe worth – as one has even offered for tens of millions of dollars.
Up till 1909, the Indian head was the design of the penny, which was produced by the Mint in 1958.
For the Lincoln sequence, it began with the wheat ears design on the reverse.
Different designs within the sequence embody the Memorial cent, union protect, and the Bicentennial.
However regardless, your Lincoln penny, like different cash, may very well be fairly worthwhile and you could not even realize it.
This contains low mintage, errors, or key dates.
Additionally, grade and situation are one thing to bear in mind, as grading providers that certify cash give it a rating between one and 70, with the very best being flawless.
Grades 60 or above means it’s in Mint State (MS) or Proof (P), that are seen extra as collectors’ objects relatively than basic circulation.
Under, we record among the most beneficial Lincoln pennies which have offered in latest auctions.
This contains P, MS, and cash in circulation.
1. 1958 DOUBLE DIE LINCOLN PENNY – $1.1million
You is perhaps accustomed to a double die error, which is when particular numbers and letters are duplicated.
However what some could not have recognized is that this could make a specific penny value greater than $1million.
Effectively, this occurred to be a coin from Stewart Blay’s assortment, who consigned them to public sale home Irvine, California-based GreatCollections.
Most of his cash have been value solely just below $3 however he had a 1958 double die penny, which featured duplicates of "In God we belief" and the phrase "Liberty.”
As well as, it was licensed in an “MS65RD” grade by Skilled Coin Grading Service.
That coin, which offered for round $1.14million, set the public sale file double die cash.
2. 1969 DOUBLE DIE PENNY – $553,000
You might need to look out for double die pennies as a result of one other one from 1969 offered for a complete of $535,000 (earlier than charges) by means of GreatCollections.
It additionally has an S mintmark, which stands for San Francisco.
That is necessary as a result of the reported mintage is simply 15, in response to PCGS.
Whereas the 1969-S piece will doubtless be worthwhile both method, how a lot it’s value may rely on the grade.
For instance, offered auctions revealed by PCGS present that the double die selection can promote for wherever between $16,500 and $126,500.
However the one which offered within the GreatCollection public sale was licensed in a better grade of MS 66.
It was additionally labeled as an RD piece, which suggests it nonetheless maintains not less than 85 % of its unique pink luster identical to the 1958 double die penny defined above.
3. 1909 VDB PENNY – $366,600
The 1909 VDB penny has an fascinating story behind it.
The initials stand for designer Victor David Brenner – however they didn't make an look on a Lincoln penny after that 12 months.
It's because they triggered controversy over each the location and measurement of the initials.
Whereas circulated Lincoln VDB pennies may very well be worthwhile as it's, a specific instance takes it to a different degree.
One which offered for $366,000 was licensed in a P67+RD grade by PCGS.
Ian Russell, president of GreatCollections, referred to as it the “king of Lincoln proof cents."
4. 1922 LINCOLN PENNY – $1,900
And there’s a penny on the market that’s slightly extra widespread for coin followers to search out.
That’s the 1922 Lincoln penny with out a mint mark, which may very well be worthwhile in even circulated grades.
It's because pennies that 12 months have been solely struck on the Denver Mint.
And whereas there have been greater than 7.1million of these cash minted with a D mark, not all of them featured it on account of a mistake made within the manufacturing course of.
Of the no D mark cash, 25,000 are estimated to have been minted with “maybe” 10,000 items surviving, in response to collector’s information Lincoln Cents.
That number of the 1922 penny is value $970 in common situation, in response to USA Coin Ebook.
One instance on eBay not too long ago offered on-line for a complete of $1,893 after 66 bids.
The vendor labeled the coin grade as “AU++,” which stands for about uncirculated.
For extra associated tales, try the most beneficial payments promoting for as much as $7,400.
And see the most beneficial cash in circulation value as much as $13,100.
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