How Much Is My Penny Worth?

By Susan Headley, About.com Guide

 See More About:

• pennies
• cents
• lincoln cents
• price guides
• wheat pennies

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Question: How Much Is My Penny Worth?

These links will take you straight to the value guides. If you need additional information, see below.

• Wheat Penny Values
• Indian Head Penny Values
• Flying Eagle Penny Values – See Section Below

 

Answer: To find out how much your U.S. penny is worth, we first need to determine its type. The U.S. has made two major types of pennies, the Large Cent and the Small Cent. The Large Cents are dated 1857 and earlier, and are much bigger and heavier than our current penny type, the Small Cent. If you have Large Cents in your collection that you need information or values for, I recommend that you find an honest coin dealer to help you evaluate them, as Large Cents have many different varieties for most dates, and shouldn’t be priced using an online price guide if you want maximum money for them.

Determine Your Penny Type

If your penny is the Small Cent type, it will be about the same size as the ones we use today although it might be a tiny bit heavier. To find your penny type, you can look it up here:

• U.S. Coin Identification Chart

What is My Flying Eagle Cent Worth?

If your small-sized penny is dated 1857 or 1858, it is a Flying Eagle Cent. A Flying Eagle Cent in pretty worn-out condition is worth about $15 to $25 if you sold it to a coin dealer. (Note: All of my coin prices are realistic amounts that a dealer will pay you. They’re not retail or “catalog” values like you find virtually everywhere else. Most people looking for coin prices want to know how much they can sell their coins for today.)

If your Flying Eagle Cent is dated 1856, you need to take it to a dealer to get an appraisal. This penny is very rare, with a mintage of only 2,000 specimens, and forgeries and alterations of this date are far more common than the genuine 1856. The 1856 Flying Eagle Cent is considered to be a pattern coin (rather than a circulation issue) by many experts.

What is My Indian Head Penny Worth?

Indian Head pennies are dated from 1859 through 1909, and have a depiction of Lady Liberty wearing an Indian-style feathered headdress, hence the misnomer “Indian Head” Penny. In general, all Indian Head Pennies are worth at least $1 each, even in very worn condition, as long as they’re not badly damaged. For a full chart of Indian Head Penny prices, see:

• Indian Head Penny Price Guide

What is My Wheat Penny Worth?

Wheat Pennies are dated from 1909 to 1958, and have a portrait of Lincoln on one side, and a wreath-like design of wheat heads on the other. Sometimes called “Lincoln Cents” (without mentioning the Memorial as described below,) they are made of almost pure copper (95%) except for one year, the 1943 penny, which is made of zinc-plated steel. All Wheat Pennies are worth at least 3 times face value, but of course many are worth substantially more, especially the key date Wheat Pennies.

• Wheat Penny Price Guide

What is My Lincoln Memorial Penny Worth?

Lincoln Memorial Pennies are dated 1959 to current, and have a portrait of Lincoln on one side with the Lincoln Memorial building on the other. They were made of 95% copper until 1982. During 1982 the composition was changed to 97.5% zinc, with a thin copper plating, so that you have pennies dated 1982 made of both metal types. From 1983 until today, all U.S. pennies are made of mostly zinc. Most Lincoln Memorial Pennies are only worth face value unless they have their original copper luster from the Mint.

• Lincoln Memorial Penny Prices

In 2009, the U.S. Mint will issue a special commemorative set of 4 pennies to celebrate the 100th anniversary of the Lincoln Cent design. At this time, Lincoln Cents are expected to enjoy a surge in popularity, which will hopefully mean higher values for these incredibly popular pennies. More Coins Q&A

Famous Pennies

A New 1943-S Copper Penny Is DIscoveredThe Finest Known Lincoln Wheat CentThe Rare 1877 Indian Cent in MS-66 Red

Lincoln Cents

Should We Dump the Penny?The Fascinating Story Behind the Lincoln CentList of Major Lincoln Memorial Die Varieties

The 1943 Penny

What Is my 1943 Penny Worth?How to Tell if Your 1943 Copper Penny Is Genuine1943 Chrome-Plated Pennies

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