These Pennies From Over 20 Years Ago Could Be Worth a Fortune

When you think about valuable coins, pennies probably aren't the first ones that come to mind. Still, a few pennies are worth a fortune, though they're rare treasures

When you think about valuable coins, pennies probably aren’t the first ones that come to mind. Still, a few pennies are worth a fortune, though they’re rare treasures for numismatists.

Wondering which pennies from over 20 years ago are worth a serious amount of money? Here’s a list of some fascinating picks.

1943-D Lincoln Wheat Penny

While most wheat pennies fetch just a bit more than face value — and considering they’re only worth one cent to begin with, that’s not much — this particular coin is incredibly rare and highly valuable.

As USA Coin Book explained, the 1943-D Lincoln Wheat Cent is actually an error coin. Pennies minted in 1943 were intended to be struck in steel, but a few copper examples accidentally slipped through the minting process. The “D” stands for Denver, and only one known coin of this type exists today.

According to the Professional Coin Grading Service (PCGS), a specimen graded MS64 sold for an astounding $840,000 at Heritage Auctions in 2021. Even so, PCGS currently lists its book value at an impressive $1,050,000.

1864 Indian Head Penny, ‘L’ on Ribbon

Marked with an unusual “L” on the obverse to honor designer James Longacre, this coin holds both historical significance and scarcity. BullionShark pointed out that Indian Head cents minted from 1859 to 1864 typically don’t have this mark, but the “L” was added late in 1864, making it even rarer.

In superb condition (graded MS66) and still showing much of its original red luster, one of the two known examples sold for $36,000 during a 2021 Stack’s Bowers auction. BullionShark estimated its value much higher — around $92,000 — while PCGS set its book value at $81,500.

1856 Flying Eagle Cent

The 1856 Flying Eagle penny has a fascinating backstory, as outlined by The Spruce Crafts. In 1856, copper prices skyrocketed, making it impractical for the U.S. Mint to continue producing large-sized pennies without losing money.

In response, the Mint downsized the penny to a size closer to what we know today. Since this change needed congressional approval, 800 Flying Eagle cents were minted as samples and distributed to lawmakers. With such a tiny original mintage, these coins are highly prized, whether circulated or not.

A pristine MS66 example sold for $172,500 at a Heritage Auctions sale in 2004 — a price that would equate to about $288,000 today.

Are Any More Common Pennies Valuable?

The best way to spot a valuable everyday penny is to look for errors, key dates, or unusual mint marks, according to BullionShark. If you gather enough Lincoln Wheat cents or Lincoln Memorial cents, you might boost your earnings slightly over face value, but it can be a tedious hunt.

Lastly, most pennies minted after 1982 aren’t worth much, except in a few rare cases, because they contain less copper and cheaper materials.

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