Most people overlook pennies, tossing them into jars or leaving them behind as spare change. But did you know some of these tiny coins are worth far more than a penny? Hidden among your loose change could be a penny valued at thousands—or even millions—of dollars. These rare coins have become highly sought after by collectors, making everyday change something to treasure.
This article examines the 10 most valuable pennies in circulation, highlighting the key features and errors that make them so prized. Whether you’re a seasoned collector or simply curious, you’ll want to keep reading to learn how to spot these valuable coins in your pocket change.
Table of Contents
Overview
| Penny | Year | Estimated Value | What Makes It Valuable |
|---|---|---|---|
| 1943 Bronze Lincoln Penny | 1943 | Up to $1.7 million | Minted on bronze planchets during a steel penny year |
| 1955 Doubled Die Penny | 1955 | $1,000–$125,000 | Distinct doubling of the date and inscriptions |
| 1969-S Doubled Die Penny | 1969 | $10,000–$75,000 | Doubling visible on the obverse side |
| 1972 Doubled Die Penny | 1972 | $300–$20,000 | Clear doubling on text and date |
| 1992 Close AM Penny | 1992 | $1,000–$25,000 | Narrow spacing between “A” and “M” in “AMERICA” |
| 1999 Wide AM Penny | 1999 | $100–$500+ | Wider gap between “A” and “M” in “AMERICA” |
| 1909-S VDB Lincoln Penny | 1909 | $700–$3,000+ | Limited mintage, initials of designer on reverse |
| 1914-D Lincoln Penny | 1914 | $200–$5,500+ | Rare, low-mintage coin from Denver |
| 1922 No D Lincoln Penny | 1922 | $1,000–$30,000 | Missing “D” mint mark due to die error |
| 1983 Doubled Die Reverse Penny | 1983 | $200–$15,000 | Doubling on the reverse side, especially in text |
1943 Bronze Lincoln Penny
The 1943 Bronze Lincoln Penny is considered the holy grail of pennies. During World War II, the U.S. Mint replaced copper pennies with steel-coated zinc to save copper for the war effort. However, a small number of bronze planchets were mistakenly used. If you find a 1943 penny that doesn’t stick to a magnet, you could have a coin worth up to $1.7 million. This extraordinary penny is a dream find for collectors.
1955 Doubled Die Penny
The 1955 Doubled Die Penny is a classic example of a minting error that drives collectors wild. This coin features a bold doubling effect, particularly visible on the date and inscriptions like “LIBERTY” and “IN GOD WE TRUST.” These pennies can range in value from $1,000 for worn examples to $125,000 for pristine ones. Its unmistakable error makes it one of the most recognizable rare pennies.
1969-S Doubled Die Obverse Penny
Another valuable error coin is the 1969-S Doubled Die Penny, which exhibits noticeable doubling on the obverse (front) side. The doubling is particularly clear on the date, the word “LIBERTY,” and the motto “IN GOD WE TRUST.” This coin’s scarcity and striking error make it a prized piece for collectors, with values reaching up to $75,000.
1972 Doubled Die Obverse Penny
The 1972 Doubled Die Obverse Penny stands out for its dramatic doubling on the inscriptions and date. Unlike more subtle errors, this one is relatively easy to spot with the naked eye or a magnifying glass. Depending on its condition, this coin’s value ranges from $300 to $20,000, proving that even small imperfections can lead to big rewards.
1992 Close AM Penny
Design variations can significantly influence a penny’s value, as demonstrated by the 1992 Close AM Penny. Most 1992 pennies have a noticeable gap between the “A” and “M” in “AMERICA” on the reverse side. However, the Close AM variety shows the letters almost touching. This subtle difference transforms an ordinary penny into one worth $1,000 to $25,000.
1999 Wide AM Penny
The 1999 Wide AM Penny is the counterpart to the Close AM variety. On this rare coin, the letters “A” and “M” in “AMERICA” are spaced farther apart than usual. While its value isn’t as high as some others on this list, it can still fetch upwards of $500. Keep a sharp eye out for these design variations in your loose change.
1909-S VDB Lincoln Penny
The 1909-S VDB Lincoln Penny is a historic coin that marked the introduction of the Lincoln cent. With a mintage of just 484,000, it’s a key date for collectors. The initials “VDB” of the coin’s designer, Victor David Brenner, are displayed on the reverse, adding to its appeal. Depending on condition, this penny’s value ranges from $700 to over $3,000.
1914-D Lincoln Penny
The 1914-D Lincoln Penny is another low-mintage rarity, with only 1.2 million produced in Denver. Even in worn condition, this coin can be worth hundreds of dollars. Pristine examples, however, can command prices as high as $5,500. If you stumble upon this penny in your change, you’ve struck gold.
1922 No D Lincoln Penny
The 1922 No D Lincoln Penny is an intriguing error coin. Minted in Denver, it was supposed to carry a “D” mint mark, but a die polishing error caused the mark to disappear on some coins. Collectors highly value this unique mistake, with prices ranging from $1,000 to $30,000 depending on the coin’s condition.
1983 Doubled Die Reverse Penny
The 1983 Doubled Die Reverse Penny is proof that even relatively modern coins can carry significant value. This penny features noticeable doubling on the reverse side, especially in the text “ONE CENT” and “E PLURIBUS UNUM.” Its value ranges from $200 to $15,000, making it a delightful find for any collector.
Final Thoughts
Rare pennies are hiding in plain sight, and with a sharp eye, you might observe one in your pocket change. Whether it’s the famous 1943 Bronze Lincoln Penny, a doubled die error, or a rare minting variation, these coins can turn spare change into a small fortune. If you suspect you have one of these valuable pennies, consider having it professionally graded to determine its true worth.
FAQs
What is the rarest penny?
The 1943 Bronze Lincoln Penny is the rarest and can be worth up to $1.7 million.
How do I identify a Doubled Die Penny?
Look for doubling on the date, inscriptions, or reverse text under magnification.
What is a Close AM Penny?
A 1992 Close AM Penny has the letters ‘A’ and ‘M’ in ‘AMERICA’ nearly touching.
Where can I sell a rare penny?
You can sell rare pennies at coin shops, auctions, or online marketplaces like eBay.
Should I get my penny graded?
Yes, professional grading helps determine authenticity and can increase value.
