These days, cashiers might not even give you your change back if it’s less than a nickel, as pennies are often forgotten and seen as worthless. But you might want to keep an eye on your pennies, as some of them could be worth much more than just 1 cent.
In 2019, for instance, a penny from 1943 was auctioned for over $200,000, according to Heritage Auctions. This penny was made of bronze. U.S. participation in World War II caused a shortage of copper, which was used for munitions, leading to pennies being made with zinc-coated steel. However, a small batch was made with bronze, making them rare and valuable.
Valuable Pennies to Look For
If you’re wondering which pennies might be worth more, here’s a list of some valuable ones:
| Penny Type | Description | Estimated Value |
|---|---|---|
| 1969 S-Doubled Die Obverse | This coin has the letter “S” right below the year 1969. The words “LIBERTY” and “IN GOD WE TRUST” appear blurry due to double casting. | $35,000 – $75,000 |
| 1992 Close AM Penny | On the reverse of this coin, the letters “A” and “M” in “AMERICA” are very close together. | $2,000 – $3,000 (up to $20,000 in good condition) |
| 1999 Wide AM Reverse Penny | The letters “A” and “M” in “AMERICA” are spaced farther apart than usual. | $45 – $500 |
| 1983 Double Die Reverse | Double casting made the words “ONE CENT” and “E PLURIBUS UNUM” appear blurred. | $75 – $200 |
| 1972 Doubled Die Obverse | The fonts around Abraham Lincoln’s bust are blurry. | $100 – $500 |
| 1995 Double Die Obverse | The words appear minimally blurred, especially the letter “B” in “LIBERTY.” | Up to $45 |
How to Check if Your Pennies Are Valuable
After identifying a penny that might be rare, verify your finding by consulting with a coin specialist or numismatist. You can also use rare coin identification apps, such as:
- CoinSnap: Uses AI to recognize coins within seconds.
- Coinoscope: Snap a picture of your coin, and you will get a list of similar coins with information about them.
- CoinsFacts: The most popular application among coin collectors, produced by the Professional Coin Grading Service.
Conclusion
It’s surprising how much some pennies can be worth, especially those that are rare or have unique characteristics. If you have old pennies lying around, it’s worth checking if they might be valuable. With the right knowledge and tools, you could discover a treasure right in your pocket!
FAQ’s
How can I tell if my penny is valuable?
To determine if your penny is valuable, check for rare types or unique features, such as double die errors or unusual mint marks. You can also use coin identification apps like CoinSnap or consult a numismatist for expert advice.
What is the most valuable penny ever sold?
The most valuable penny ever sold is a 1943 bronze penny, which fetched over $200,000 at auction. These pennies are extremely rare due to their unique production during World War II when copper was scarce.
Where can I sell my valuable pennies?
You can sell valuable pennies through coin dealers, auction houses like Heritage Auctions, or online marketplaces such as eBay. Make sure to have your coins appraised to understand their worth before selling.
