A rare circulating Lincoln penny sells for $1,425 online – why it’s worth so much and how to spot it
YOU will want to check your change because your coins may be worth thousands.
In fact, a Lincoln penny has sold for over $1,400 online.
It features the date 1909 with a letter S, indicating that it was minted in San Francisco.
Why it’s valuable
First, 1909 marked the first year of production for the Lincoln coin series.
Besides the date, the coin features the letters VDB, which stands for Victor David Brennan – the designer and engraver of the coin.
But because journalists (at the time) objected to the placement of the initials – that’s the last we saw of them on Lincoln’s pennies.
Ron Guth of Professional Coin Grading Services wrote that reporters claimed it was “far from discreet and that the initials amounted to gratuitous and illegal publicity for the designer”.
That year there were two different Lincoln subs with the initials VDB.
The first is the most common, which is the 1909 coin with no mint mark.
The print run is close to 28 million.
Meanwhile, the other 1909 coin with an S mark (the listed coin) has a mintage of just 484,000 – which is the lowest in the series.
How much is it worth?
As always, value may depend on quality and condition.
While the penny on the listing was uncertified, the seller claims the coin is in an AU grade, which is the highest level for a released grade.
AU number ratings range from 50 to 58.
The VDB 1909-S coin on the list sold for a total of $1,425 after 69 auctions.
According to USA Coin Book, the 1909 S coin is worth $940 in average condition and up to $2,277 if in the “Uncirculated (MS-63)” category.
Plus, some of these other pieces have sold in the thousands.
One sold for $1,314 followed by another for $1,300.
What other Lincoln pennies are valuable?
There are of course many other pennies that could also sell for thousands.
One includes the 1944 unmarked steel cent, which has only a reported mintage of 30.
It is worth $28,210 in average condition.
Meanwhile, a 1943-S copper penny, which only has a mintage of five, recently sold for over $2,000 online.
Also, there is the 1955 double dice penny.
The 1955 double die penny is worth an average of $1,318 and up to $17,057 if in an MS63 grade.
To see if your spare change is worth anything, you can check eBay by searching for the full name, selecting the “sold” listing, then switching the search to “highest value”.
This will give you an idea of the coin’s value, as your quarters of half dollars, dimes, and nickels might also be valuable.
Here are the most valuable state quarters.