Why is the 1955 penny worth so much?

These coins were produced because the coin die wasn't manufactured correctly. This caused two images or letters to appear on one coin die (the two images or letters are similar but slightly offset). A 1955 double die penny is extremely valuable, making it one of the most coveted coins anyone can possess.

Is a 1955 penny worth any money?

Keep in mind that how much you can get for the coin could depend on grade and condition. According to USA Coin Book, the 1955 double die penny is worth $1,286 on average and up to $16,644 if in “Uncirculated (MS-63)” condition. To give you a better idea, some recently sold on eBay.

What is the error on a 1955 D penny?

1955 D Lincoln Wheat Cent Penny "BIE" Die Break. The BIE error is named after a die break between the B and E in LIBERTY. The thin area between the B and E seems to be the most frequent part of a Lincoln cent die to crack off.

How rare is a 1955 wheat penny?

There is a rare error variety for the 1955 wheat penny with no mint mark. On the obverse side of the coin the date the design elements are minted twice onto the coin. The 1955 wheat penny double die error coin is worth around $1,250 in very fine condition. In extremely fine condition the value is around $1,350.

What wheat back penny is worth $1000000?

In September 2012, Legend Numismatics of Lincroft, New Jersey has announced that collector Bob R. Simpson, co-chairman of the Texas Rangers baseball club, paid $1 million for the finest known 1943-S Lincoln Wheat cent on a bronze planchet.

List of Most Expensive coins in History

How much is a 2021 penny worth?

Most 2021 pennies in circulated condition are only worth their face value of $0.01. These coins can only sell for a premium in uncirculated condition. The 2021 penny with no mint mark and the 2021 D penny are each worth around $0.30 in uncirculated condition with an MS 65 grade.

What is the rarest penny?

What are the 15 most valuable pennies?

How much is a 1955 S uncirculated penny worth?

USA Coin Book Estimated Value of 1955-S Lincoln Wheat Penny is Worth $0.11 in Average Condition and can be Worth $0.96 to $3.30 or more in Uncirculated (MS+) Mint Condition.

Why is a 1958 d penny worth so much?

Due to its rarity and severity of the error, the 1958 DDO Wheat Penny has been sold for incredible amounts. Several years ago, an MS-64 example was sold for $100,000! The current estimated price of the MS-65 examples is an astonishing $200,000.

Where is the mint mark on a 1955 penny?

"S" Mintmark Under Date: San Francisco Mint Struck the Coin

San Francisco struck 330,958,200 wheat cents before ceasing coinage operations in March 1955.

What is the oldest American penny?

The coin, known as the "Birch Cent," was made in 1792, months after the one-cent denomination was first authorized by Congress, according to the auction house Stack's Bowers Galleries. It was made in a trial run for the penny, and depicts Lady Liberty.

Is a 1956 penny rare?

Philadelphia mint struck ample quantities of the 1956 penny. These coins are Abundant on the rarity scale. 420,745,000 coined placing 8th in the top ten most produced in a year. With many 1956 cents available to collectors, a standout coin is one in Mint State condition.

What penny is worth $1000000?

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The first 1943 copper cent was sold in 1958 for more than $40,000. In 1996, another went for a whopping $82,500. But those sales pale in comparison with the latest: this week, a dealer in New Jersey sold his 1943 penny for a staggering $1.7 million.

What pennies should I keep?

Is a 1982 penny worth anything?

The 1982 obverse doubled die copper large date penny is also valuable, but it's worth considerably less than the small date zinc double die. A piece of the other 1982 penny varieties in uncirculated grade is worth $2 to $4.

How much is a 1999 penny worth?

Most 1999 pennies in circulated condition are only worth their face value of $0.01. These coins can only sell for a premium in uncirculated condition. The 1999 penny with no mint mark and the 1999 D penny are each worth around $0.30 in uncirculated condition with an MS 65 grade.

Is a 1964 penny worth anything?

The 1964 penny with no mint mark and the 1964 D penny are each worth around $0.15 in uncirculated condition with an MS-63RB grade. The value is around $1 in uncirculated condition with a grade of MS-65RD. Proof coins with no mint mark are available and they are each valued at around $1.50 in PR-65RD condition.

Why is the 1941 penny worth so much?

The most valuable variety of the 1941 wheat penny by far is one in which the obverse face has been struck twice, an error known as a doubled die. Depending on the color (red being worth the most), lower grades of this coin can be worth over $80, and this increases dramatically in higher grades.

Is a 2006 penny worth anything?

Most 2006 pennies in circulated condition are only worth their face value of $0.01. These coins can only sell for a premium in uncirculated condition. The 2006 penny with no mint mark and the 2006 D penny are each worth around $0.30 in uncirculated condition with an MS 65 grade.

Are 1969 pennies worth anything?

Most 1969 pennies in circulated condition are only worth their weight in copper. The current copper melt value for each penny is about $0.02. These coins can only sell for a premium in uncirculated condition. The 1969 penny with no mint mark is worth around $1 in uncirculated condition with an MS 65 grade.

Who owns the oldest penny?

The oldest penny in the world is the Birch Cent of 1792.

The original was sold in 2015 to Kevin Lipton, a Beverly Hills rare coin dealer, for $2.6M.