Which are valuable pennies

In , the price of copper made a penny cost more than one cent to produce, so the U. Mint decided to reduce the size to what we now see.

Prior to this, the coin was 19 millimeters in diameter, almost as big as the current nickel. The Flying Eagle design was only produced from to In , only 2, were made.

While the condition of this particular coin is not mint, this penny has the distinction of being the one that caused the U. Mint to admit that some pennies were mistakenly minted in bronze that year.

In , a teen found this in his pocket change from a high school cafeteria. This is one of only 10 to 15 examples of these pennies known to exist, and this particular coin sold for the first time by Heritage Auctions in Florida, in January The first Lincoln pennies were made in The coins initially included the initials of the designer, "V.

After some complaints about their prominence, these initials were removed for future coins. While there are more than half a million pennies that include V. Only 1, of these proofs were struck before the initials were removed. This is another Lincoln cent that should have been struck on a zinc-plated steel planchet but was instead coined in bronze.

One of six known examples produced at the San Francisco Mint, it is said to be the "second-finest certified S bronze cent.

A doubled die coin is the result of a minting error. On these coins, part of the image appears to be "double. This penny has a strong doubling of the wording on the face, and since only three of these coins are known to exist, it is extremely rare.

Adding to the penny's value, this example is also red in color. In , all Lincoln pennies were supposed to be once again minted in the original bronze alloy 95 percent copper and 5 percent tin.

However, mint records showed no Lincoln cents were made at the Philadelphia Mint in and that all pennies were struck in Denver that year. During the leanest years of the Great Depression, the United States Mint clamped down on the production of many coins, including the Lincoln cent.

In , the U. Mint greatly reduced the number of Lincoln cents it produced. The San Francisco Mint struck only , examples of the penny that year. More than one billion steel cents were struck, but a few were accidentally made from bronze planchets. It's unknown exactly how many exist, but the number totals around two dozen from the Philadelphia, Denver, and San Francisco Mints combined. The more common Steel Lincoln cent.

The steel cents were officially a one-year-only production, but a few leftover steel planchets were inadvertently stamped with dated Lincoln cent dies intended for bronze production. One of the most popular varieties ever struck was the doubled die Lincoln cent.

The doubled die penny shows heavy doubling in the obverse inscriptions and the date. One of the most valuable doubled die varieties ever produced is this S penny error. Doubling is apparent on the obverse in the inscription and date but not the mintmark. The mintmark was hand-punched on the die after it was hubbed the process of creating a working die, where the doubling on this coin would have occurred. Another doubled die Lincoln cent rounds out the top 10 on this list of most valuable pennies, with this highly popular variety from So read on and find out together with us which are the most valuable pennies, among all the coins that have been sold at numismatic auctions.

It ranges from quotes starting from thousand euros up to almost 1. PS: We have entered the value in euros also, for easier reference even if the reference auctions are in dollars.

Always remember that the value of a coin depends only on the rarity but especially on its state of preservation. It is 1 cent of dollar with Lincoln of , coined in over 4 million copies but still in excellent condition. It is precisely the quality that distinguishes this currency and makes its economic value levitate. Coins that are years old and so carefully preserved are a small treasure for numismatic collectors. Coined in over million copies, this coin does not seem to have anything special about it.

What makes it rare is the fact that it was minted in steel instead of normal copper. In fact, from onwards we have returned to the classic use of copper. For this reason, these American steel pennies are really sought after and paid very well by collectors. This coin replaces the cent with the head of an Indian and represents President Lincoln. The author of the design, Victor David Brenner, put his signature, or rather his initials, under the two ears of wheat in the reverse V.

Since you could not put 3 initials to sign the coin, but at most 2, the Department of the American Treasury requested the withdrawal and removal of the initials. However, about , coins had already been minted and are now very much sought after by collectors for this small peculiarity. Of these coins were minted as many as 4 million, but since it was the period of economic collapse that was just beginning, people did not save coins nor much less keep them to collect them.

It is therefore the exceptional conditions of this coin and its perfect color that make it very rare and of great value. The same coin as the previous year, i.

A very special currency, so special that when it was discovered in the federal government of the United States thought it was a counterfeit coinage. Eventually, 5 of these very rare and legitimate coins were confiscated and destroyed before he realized the mistake.

The date is also split but to see it you need a magnifying glass. Whether it is circulated or not it is always about coins of great value. Among the most valuable pennies this is a coin that would seem to have nothing particularly interesting.

However, because it was minted in small quantities it is the second coin with the smallest quantity of minting and because it is extremely rare to find an example that has not been put into circulation, things change.

We are in the middle of the period of economic collapse that had affected the American states since Families struggled to make it to the end of the month and there was no room to save even a few coins, much less to store them for numismatic purposes.