Why is the 1909 penny rare?

The 1909-S VDB Lincoln cent is considered to be a key date for the Lincoln cent series due to its low mintage of only 484,000. In 2019, Heritage Auctions sold a 1909-S VDB cent graded at MS67 (i.e. mint condition) for $50,400.

What makes a 1909 penny valuable?

The coin was minted at the San Francisco Mint in 1909, and only 484,000 were produced. The low mintage combined with the coin's high quality makes it one of the most desirable Lincoln wheat cents. The 1909-S VDB penny is worth anywhere from several hundred dollars to over $1,000, depending on its condition.

Are 1909 pennies rare?

These were the first Lincoln pennies struck at San Francisco and are notable for the V.D.B. at the lower rim. Production numbers were small and the coins soon became highly sought. Today it is considered a major key date and mint to the series and is collectible in all grades.

How many 1909 VDB pennies are left?

And not necessarily because it's the rarest coin, for it's certainly not... A whopping 484,000 were made and Professional Coin Grading Service CoinFacts estimates some 50,000 still exist.

What is the rarest penny ever?

The Most Expensive Penny

Just 40 of the coins — probably created by accident, on copper-alloy one-cent blanks left in the presses in the wartime years when pennies were converted to steel — are known to exist. The first 1943 copper cent was sold in 1958 for more than $40,000.

1909 VDB Penny Worth Money - How Much Is It Worth and Why?

What are the top 10 rare pennies?

Is there a 1909 penny?

The 1909-S VDB Lincoln Cent is a low-mintage coin of the United States dollar. It is a key date variety of the one-cent coin produced by the United States Mint in San Francisco in 1909.

What would a penny buy in 1909?

Sometimes pennies can be more trouble than they're worth. While a 1909 penny could send a postcard or buy a few eggs, in 2009 it can't even purchase itself: the U.S. Mint spends 1.4 cents on every penny it produces.

What copper penny is rare?

There are few coins as popular as the 1943 copper penny, an extremely rare mint error that is worth a lot of money. The 1943 bronze Lincoln cent first came to light in the mid-1940s and quickly took the numismatic world by storm.

Which pennies are worth keeping?

Are Red pennies rare?

But some are considerably rarer than others. As the quality of Indian Head pennies increases, so they become harder to find. Uncirculated (mint state) coins are the rarest. And in terms of color, red pennies are rarer than red and brown, which are in turn rarer than brown coins.

What pennies are rare right now?

1. 1943-D Lincoln Wheat Cent Penny: Copper/Bronze. Of all the 1943 copper pennies, only one Denver-minted copper cent is believed to exist, making it one of the rarest U.S. coins to date.

How much is a 1909 penny worth in 2022?

In Average Circulated (AC) condition it's worth around $12.00, one in certified mint state (MS+) condition could bring as much as $72 at auction.

Why is a 1982 penny worth $10000?

So for the past 30 years, pennies have been made with an alloy comprised of 97.5% zinc and 2.5% copper, but pennies minted before 1982 are 95% copper and 5% zinc. The price of copper has more than quadrupled over the past 10 years.

What penny is worth $50000?

The 1959-D wheat penny is one of the most controversial mule coins ever. It's worth $50,000!

Why is 1977 penny worth so much?

The San Francisco mint produced only proof pennies in 1977. Their number was limited to 3,251,152 pieces, making their price high in some cases.

What penny is $1000000?

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. All 1943 Lincoln cents were supposed to be made of steel planchets coated with zinc. However, some bronze planchets left over from 1942 slipped into the production process.

Why is the 1943 penny worth $1000000?

A 1943 Lincoln penny that soared in value because it was made from the "wrong" material reportedly has sold for $1 million. The penny was erroneously made of bronze instead of zinc-coated steel at the San Francisco Mint, according to UPI news agency. Texas Rangers co-chairman Bob R.

What year penny is worth $1000?

The coin in question is a penny from 1909. The media could not be played. If you find a 1909 penny with an S on the front and the letters VDB on the back at the bottom, it could be worth nearly $1,000.

Why do pennies no longer exist?

That was until the federal government decided to take the penny out of circulation in the 2012 federal budget, following a finance committee study that deemed the coin too expensive to produce and no longer necessary.

Are there any rare old pennies?

If you have heard of only one rare coin, there is a good chance that it is the 1933 penny. For some reason this coin, more than any other, has lodged itself in the public consciousness.