
For most people, a penny might seem insignificant, a small copper coin often found under couch cushions or at the bottom of a change jar. But to numismatists and collectors around the globe, certain one-cent pieces are worth far more than their face value. Rare mint errors, low production numbers, and historical significance have turned some pennies into prized and valuable collectibles. Here are 10 of the most valuable pennies ever produced in U.S. history.
1. 1943 Copper Penny
This Article Includes
- 1 1. 1943 Copper Penny
- 2 2. 1909 S VDB Lincoln Penny
- 3 3. 1914 D Lincoln Penny
- 4 4. 1877 Indian Head Penny
- 5 5. 1922 No D Lincoln Penny
- 6 6. 1955 Doubled Die Lincoln Penny
- 7 7. 1969 S Doubled Die Lincoln Penny
- 8 8. 1944 Steel Wheat Penny
- 9 9. 1856 Flying Eagle Cent
- 10 10. 1974 Aluminum Lincoln Penny
- 11 Conclusion
Perhaps the most famous and valuable U.S. penny is the 1943 copper cent. During World War II, copper was needed for war materials, so the U.S. Mint produced pennies using zinc-coated steel. However, a few copper planchets from 1942 mistakenly remained in the mint presses and were struck in 1943 by accident. These rare copper coins are worth between $100,000 and $500,000 depending on condition. Only a few dozen are known to exist, making them highly sought after by collectors.
2. 1909 S VDB Lincoln Penny
This coin marks the first year of the Lincoln cent, and its rarity stems from both its low mintage and controversy over its designer’s initials. Only 484,000 of these coins were produced at the San Francisco Mint before the U.S. Mint removed the initials “V.D.B.” of designer Victor David Brenner from the reverse. This coin often fetches between $600 and $2,500 in circulated condition, while higher grade examples can command over $10,000 at auction.
3. 1914 D Lincoln Penny
The 1914 D penny is rare primarily due to its low mintage of just over 1.1 million from the Denver Mint. It is particularly difficult to find in good condition, as many of the coins that were released saw heavy circulation. Collectors prize this coin, and it’s worth anywhere from $150 in lower grades to more than $5,000 in mint state.
4. 1877 Indian Head Penny
Regarded as one of the key dates in the Indian Head penny series, the 1877 edition saw an extremely low production—fewer than 900,000 coins struck. This scarcity makes it highly valuable. Even pennies in poor condition can be worth $700 or more, with high-grade examples selling into the tens of thousands at auction.
5. 1922 No D Lincoln Penny
All 1922 pennies were produced at the Denver Mint, yet a small number were struck mistakenly without the “D” mintmark. This error was caused by over-polished dies, resulting in a die variety known as the “no-D” strong reverse. Collector interest in this flaw is high, and well-preserved examples can sell for over $2,000.
6. 1955 Doubled Die Lincoln Penny
This penny is well known for its dramatic “doubled die” error. The doubling is clearly visible in the date and the inscriptions “Liberty” and “In God We Trust.” These errors occurred when the die used to strike the coin was misaligned during creation. Because the doubling is prominent, it’s a favorite among error coin collectors. Values range from $1,000 to over $10,000, depending on the coin’s condition.
7. 1969 S Doubled Die Lincoln Penny
Less common than the 1955 version but just as striking, the 1969 S doubled die features strong doubling across the obverse inscriptions. Initially mistaken for counterfeits, genuine examples are now verified and highly valued. Only a few dozen are confirmed to exist. One example sold for over $35,000, making it among the more valuable error pennies discovered.
8. 1944 Steel Wheat Penny
In contrast to the 1943 copper cent, the 1944 steel penny was the result of leftover steel planchets from the prior year mistakenly used in 1944. Most 1944 pennies were made of copper, as the wartime need for steel had passed. Roughly a dozen genuine 1944 steel cents are known today. Depending on the mint of origin—Philadelphia, Denver, or San Francisco—values range from $30,000 to more than $100,000.
9. 1856 Flying Eagle Cent
Though not an official issue for circulation, this experimental large cent replacement was struck in limited numbers as a pattern coin. The 1856 Flying Eagle cent was distributed to members of Congress and others to gauge reactions to the new small cent design. Estimated mintage is around 2,000 coins, and their rarity and historical relevance make them highly collectible, bringing in upwards of $10,000 even in moderately worn condition.
10. 1974 Aluminum Lincoln Penny
Intended as a possible solution to the rising cost of copper, the 1974 aluminum penny was only produced in prototype form. The United States Mint struck over a million of these coins, but most were later destroyed. A few specimens escaped the melting process and have since surfaced in the hands of former mint employees or collectors. Due to legal concerns, the Mint has sought to reclaim some of these coins. Those that exist in private hands are considered extraordinarily rare, with estimated values potentially exceeding $250,000.
Conclusion
While millions of pennies are produced each year and most hold only face value, a select few become incredibly valuable due to rarity, minting errors, or historical significance. For coin collectors, discovering one of these elusive treasures in a collection or old change jar can be the highlight of a lifetime. As with all collectibles, condition, authenticity, and provenance play essential roles in a coin’s value. If you come across a peculiar penny, it might be worth seeking a professional appraisal—you could be holding a small fortune in the palm of your hand.