While the United States cent is usually considered to be worth one-hundredth of a dollar, it can be valued much more if it is the right coin. Looking at a list of penny values might just give you an opportunity to make some money off of a great find, or provide you with the information necessary to make an educated buy if you are a coin collector.
Although the one cent piece in the United States is referred to as a penny, the only true penny is used by the British as a form of currency. However, both America and Canada still use this title for the one cent pieces today, even in locations where this form of currency is no longer accepted.
Check Your Estimated Values:
$2 to $3 – 1933-D Lincoln Wheat Penny
$24 to $140 – 1987 Flying Eagle Penny
$100 and up – 1931 S Lincoln Wheat Penny
$245 to $250 – 1878 Indian Head Penny
$345 to $355 – 1927 Lincoln Wheat Penny
$450 to $455 – 1924 Lincoln Wheat Penny
$750 to $755 – 1869 Indian Head Penny
The Rarer The Better:
Not all pennies are valued based on age, although many of the rare coins do tend to be older. Values also change depending on the condition of the coin. You will notice that almost any list of penny values is based on good condition, undamaged, wholesale data.
The reason that many older coins are worth so much is because some pennies were minted in very small batches. One particular batch, which was an accidental production of copper pennies in 1943, resulted in Lincoln Wheat Pennies which are now valued around $185,000.00.
Determining The Value Of Your Cent:
There are three main types of pennies within the United States which you should be aware of when evaluating coins. The Lincoln wheat penny, which features Abraham Lincoln on one side and two sprigs of wheat on the other is one. The Indian head penny, which provides a glimpse of the head of the statue of liberty in a feather headdress is another. Finally, the flying eagle, which portrays an eagle, is the last coin to watch for.
Coins That Make The List of Penny Values:
Many rare pennies will not bring much money to collectors, offering values of $1.00 to $20.00, but some do offer collectors an incentive to find them.
Lincoln wheat pennies from 1909 to 1958 vary in values with the rarest of the bunch being evaluated highest. For example, the 1909-S VDB cent is worth somewhere around $420 while the 1944 Steel Lincoln wheat penny is valued around $125,000. This shows that the oldest penny isn't always valued higher, even if this is often the case.
Indian Head pennies from 1859 to 1909 show similar ranges in values, with the 1877 Indian head penny being evaluated at around $2,600 and the 1873 Indian head penny coming in around $10,000.
Flying Eagle pennies are valued best between the years of 1856 and 1858, with the 1856 minting being more highly valued. For an uncirculated 1856 Flying Eagle cent, you could be looking at a value of around $10,300.