You might want to take a closer look at your spare change. Some pennies—yes, those one-cent coins we often overlook—can be worth thousands or even hundreds of thousands of dollars. Over the years, a number of U.S. pennies have become highly valuable due to minting errors, low mintage, or historical significance.
Here are 10 of the most valuable U.S. pennies ever discovered, based on verified auction results and expert sources.
1. 1943 Copper Wheat Penny – Up to $372,000
During World War II, copper was needed for ammunition and other wartime supplies, so the U.S. Mint produced pennies using zinc-coated steel. However, a small number were mistakenly struck on copper planchets. These 1943 copper pennies are extremely rare and have sold for as much as $372,000 at auction.
U.S. Mint – Wartime Coin Production
2. 1944 Steel Wheat Penny – Worth Up to $408,000
In 1944, the Mint resumed copper penny production, but a few leftover steel blanks were accidentally used. These 1944 steel cents are rarer than their 1943 copper counterparts. A pristine specimen sold for $408,000, making it one of the most expensive pennies ever.
3. 1909-S VDB Lincoln Cent – Valued Over $60,000
This penny is the first to feature Abraham Lincoln and was designed by Victor David Brenner. His initials “V.D.B.” were printed prominently on the back, but public backlash led to their removal after just 484,000 coins were minted in San Francisco. High-grade examples of the 1909-S VDB are worth $50,000–$60,000 or more.
Lincoln Cents – National Numismatic Collection
4. 1955 Doubled Die Obverse – Worth Up to $32,400
This famous error coin shows a noticeable doubling of the inscriptions on the front, particularly “LIBERTY” and the date. These dramatic errors were produced when the die shifted during manufacturing. Depending on condition, the 1955 doubled die penny can sell for $1,000–$32,400.
5. 1969-S Doubled Die Obverse – Up to $126,500
Much like its 1955 counterpart, this penny shows strong doubling on the front. Only a few hundred are believed to exist. A high-grade 1969-S doubled die obverse coin once sold at auction for $126,500, making it a top target for collectors.
6. 1877 Indian Head Penny – Valued at Over $21,000
With a mintage of just 852,500, the 1877 Indian Head penny is the rarest in its series. Even in average circulated condition, it can fetch several thousand dollars, and uncirculated versions may exceed $21,000.
Indian Head Cent – U.S. Mint History
7. 1922 No D Lincoln Cent – Worth Up to $57,500
In 1922, the Denver Mint was the only facility producing pennies. A worn die caused some coins to be struck without the “D” mint mark, creating what is now called the “No D” variety. Depending on grade, these coins can be worth $5,000 to $57,500.
8. 1992 Close AM Reverse – Worth Up to $5,000
This modern rarity is all about spacing. In most Lincoln Memorial cents, the letters “A” and “M” in “AMERICA” are spaced apart. However, a few 1992 pennies were struck with the “Close AM” reverse intended for proof coins. These rare circulation coins can fetch up to $5,000.
9. 1972 Doubled Die Obverse – Worth Up to $14,400
The 1972 doubled die penny shows clear doubling in the word “LIBERTY,” the date, and “IN GOD WE TRUST.” Around 250,000 of these were released into circulation, and high-grade examples can sell for $300–$14,400.
10. 1983 Doubled Die Reverse – Valued at $7,000
In this case, doubling appears on the reverse, particularly in the words “UNITED STATES OF AMERICA” and “ONE CENT.” The 1983 doubled die reverse penny has seen auction prices of up to $7,000 for well-preserved coins.
How To Know If Your Penny Is Valuable
Experts recommend checking pennies using a magnifying glass and good lighting to spot mint marks, doubling, or rare variations. If you suspect you have a rare coin, it’s best to consult a reputable dealer or submit the coin to a grading service like the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Company (NGC).
Final Thoughts
Whether you’re a seasoned numismatist or just checking the change in your jar, these valuable pennies are a reminder that history and fortune sometimes hide in plain sight. With a bit of curiosity and luck, a common coin could turn into a life-changing discovery.
For general information on U.S. coinage and circulation, visit the U.S. Mint’s official site.
Vikas is a seasoned finance writer with a keen eye for unraveling complex global financial systems. From government benefits to energy rebates and recruitment trends, he empowers readers with actionable insights and clarity. When he’s not crafting impactful articles, you can find him sharing her expertise on Social Media. You can connect with him via email at [email protected].
