Most people don’t give their spare change a second glance—but coin collectors might just be hoping you overlook a small fortune. One coin that’s sparked a frenzy among numismatists is the 1972 Doubled Die Lincoln Penny, an error so distinct that it has fetched thousands of dollars at auction. But this isn’t the only penny from U.S. minting history that’s turning heads. Here are three exceptionally rare Lincoln pennies, including the 1972 doubled die, that could make anyone with a keen eye considerably richer.
1972 Doubled Die Lincoln Penny
At first glance, the 1972 penny looks just like any other. But on closer inspection, the doubling on the words “LIBERTY,” “IN GOD WE TRUST,” and the date “1972” makes it stand out dramatically. This error occurred during the minting process when the coin die was improperly prepared, leading to a duplicated image. There are multiple varieties of 1972 doubled die cents, but the most valuable—Type 1—can be worth $300 to over $14,000, depending on condition and grade. High-grade versions graded MS65 and above have sold for premium prices due to their sharp detail and rarity.
1943 Bronze Lincoln Penny
In 1943, most Lincoln pennies were struck in zinc-coated steel due to copper shortages during World War II. However, a small number of bronze planchets were accidentally used, creating one of the most valuable error coins in U.S. history. With fewer than 20 confirmed examples, the 1943 bronze penny has reached auction prices of over $1 million. If you see a 1943 penny that sticks to a magnet, it’s steel—but if it doesn’t, you may have a rare bronze version worth a fortune.
1992 Close AM Lincoln Penny
Another rare and sought-after penny is the 1992 Close AM variety. On most pennies from that year, the letters “A” and “M” in “AMERICA” on the reverse are clearly spaced apart. But a few rare ones have the letters nearly touching—an error that should not have occurred outside of proof coins. Collectors prize this rare detail, and unworn examples can sell for $5,000 to $25,000, depending on grade. This error resulted from a mix-up using a proof die on circulation coins.
Your pocket change might contain more than just spare coins—it could hide a piece of numismatic history. The 1972 Doubled Die Penny is just one of several Lincoln cents that has become a grail among collectors. With the right combination of error and condition, these coins could be worth thousands, even millions. So next time you receive change, don’t be too quick to spend it—your fortune could be staring back at you.
FAQ’s:
1. How do I spot a 1972 doubled die penny?
Look for clear doubling in “LIBERTY,” “IN GOD WE TRUST,” and the date. It’s visible to the naked eye in most cases.
2. What makes a 1943 bronze penny valuable?
It’s extremely rare. Nearly all 1943 pennies were made of steel; a bronze version is a minting error with very limited mintage.
3. What does “Close AM” mean?
It refers to the A and M in “AMERICA” being almost touching. This feature was used on proof coins but mistakenly struck on regular circulation coins in 1992.
4. Are error pennies easy to find?
While rare, some error pennies still circulate, especially the 1972 doubled die. Checking each coin closely gives you the best chance to find one.
5. How do I sell a valuable penny?
Consider getting it graded by PCGS or NGC, then list it on auction sites like Heritage Auctions or eBay, or contact a trusted coin dealer.
