For decades, coin collectors and hobbyists have been fascinated by rare pennies that can fetch hundreds or even thousands of dollars at auctions. While most pennies are worth only their face value of one cent, certain coins stand out due to their rarity, minting errors, or historical significance. Below, we look into 10 rare types of pennies that collectors are eager to get their hands on.
1943 Bronze Penny
The 1943 bronze penny is among the most famous and valuable coins in U.S. history. During World War II, copper was needed for wartime production, so the U.S. Mint used steel to produce pennies. However, a few bronze blanks accidentally made it into the presses, resulting in one of the rarest errors.
A genuine 1943 bronze penny can sell for thousands of dollars or more, depending on its condition. Its unique backstory makes it a prized possession for any collector.
1955 Double Die Penny
The 1955 double die penny is another highly sought-after coin. This error occurred when the coin’s image was struck twice, creating a “double die” effect that is visible to the naked eye.
The doubling is most noticeable in the inscriptions, such as “LIBERTY” and “IN GOD WE TRUST.” A well-preserved 1955 double die penny can fetch thousands of dollars at auction.
1909-S VDB Penny
The 1909-S VDB penny is a rare coin minted in San Francisco, with the initials “VDB” on the reverse representing its designer, Victor David Brenner. This penny is not only valuable due to its limited mintage but also because it marks the debut year of the Lincoln cent.
Collectors prize this coin for its historical significance and scarcity. Depending on its condition, a 1909-S VDB penny can sell for thousands of dollars.
1943 Copper Penny
The 1943 copper penny is another rare wartime error. While most pennies minted in 1943 were made of steel, a few copper blanks mistakenly ended up in production. These coins are highly sought after and can sell for hundreds of thousands of dollars at auction.
Collectors can distinguish these pennies from steel ones using a magnet—copper coins are not magnetic, unlike their steel counterparts.
1992 Close AM Penny
The 1992 close AM penny is a modern rarity. On the reverse side, the letters “A” and “M” in “AMERICA” are unusually close together due to a minting error. This design variation was corrected quickly, making the 1992 close AM penny a valuable collector’s item.
If you find one in excellent condition, it could be worth thousands.
1972 Double Die Penny
The 1972 double die penny features a noticeable doubling effect, especially in the inscriptions on the obverse side of the coin. This error is similar to the 1955 double die penny and is equally sought after by collectors.
High-grade examples of the 1972 double die penny can command significant prices at auctions.
2004-D Wisconsin Extra Leaf Penny
The 2004-D Wisconsin extra leaf penny is a unique error coin that features an additional leaf on the ear of corn depicted on the reverse. This anomaly was caused by a die variation during production at the Denver Mint.
There are two versions of this error: the “extra high leaf” and the “extra low leaf.” Both are valuable, with prices ranging from hundreds to thousands of dollars, depending on the coin’s condition.
1983 Double Die Penny
The 1983 double die penny features doubling on the obverse, making it another rare and valuable coin. The error is most visible in the inscriptions and Lincoln’s portrait.
Collectors highly value these pennies, with well-preserved examples selling for hundreds or even thousands of dollars.
1958 Double Die Penny
The 1958 double die penny is one of the rarest double die error coins ever minted. Only a few examples are known to exist, making it a prized treasure for collectors. The doubling is apparent on the obverse inscriptions, adding to its uniqueness.
Because of its rarity, a 1958 double die penny can sell for tens of thousands of dollars or more.
1914-D Lincoln Penny
The 1914-D Lincoln penny, minted in Denver, is another rare coin highly desired by collectors. With a limited mintage and historical significance, it holds substantial value.
A well-preserved 1914-D penny can sell for thousands of dollars, making it a valuable addition to any collection.
The Thrill of Penny Collecting
These rare pennies demonstrate how a seemingly ordinary coin can hold extraordinary value. From errors like double dies to unique minting stories, each of these coins has a fascinating history that adds to its allure.
If you have a collection of old pennies, it’s worth taking a closer look—you might just observe a hidden treasure. With the right coin in hand, you could turn a one-cent piece into a life-changing fortune!
FAQs
What makes the 1943 bronze penny rare?
It was mistakenly made with bronze during WWII.
Why is the 1955 double die penny valuable?
It features a visible double die error on the obverse.
What does VDB stand for on the 1909-S penny?
It represents Victor David Brenner, the coin’s designer.
How can I identify a 1992 close AM penny?
The ‘A’ and ‘M’ in ‘AMERICA’ appear unusually close together.
What is special about the 2004-D Wisconsin penny?
It features an extra leaf error on the reverse design.
