The 1992-D Lincoln Memorial Cent holds a special place in coin collectors’ hearts, not just for its massive mintage of over 4.4 billion coins at the Denver Mint but also due to its intriguing Close AM variety.
This guide dives into what makes this penny noteworthy and provides insights for both new and seasoned collectors.
Why Do 1992-D Lincoln Memorial Cents Matter?
Under normal circumstances, the 1992-D Lincoln Memorial Cent would blend into the sea of other pennies produced that year. However, a rare die pairing has made certain coins from this issue highly sought after.
This pairing involved a Proof reverse die mistakenly used on business-strike coins, creating the Close AM variety that sparked excitement in the numismatic community.
Understanding the Close AM Variety
The Close AM variety refers to the letters “A” and “M” in “AMERICA” on the reverse side of the coin being closely spaced, unlike the Wide AM found on most business-strike coins.
The Close AM design was meant exclusively for Proof coins, but a small number of these dies were accidentally used at the Denver Mint for circulation coins. This error went unnoticed for nearly a decade before being discovered by collectors.
The difference may seem minor, but it’s this subtlety that makes the Close AM variety so exciting for enthusiasts. Even worn examples found in circulation can command significant premiums, while Mint State coins are highly valued.
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Value and Market Insights
For collectors looking to purchase a 1992-D Lincoln Memorial Cent, understanding the market is crucial. Here’s what you need to know:
1. Common 1992-D Coins
Most 1992-D pennies are worth about $1 in Mint State Red condition, which is the highest grade before entering the premium collectible territory. These coins are readily available, and there’s no need to pay more than $10 for an entire 1992 Uncirculated Coin Set.
2. Close AM Variety
- Circulated Examples: Even heavily worn Close AM pennies can fetch hundreds of dollars.
- Mint State Coins: MS64-grade examples typically sell for $3,000 to $4,000, while higher grades can command even more.
3. Beware of Counterfeits and Misidentified Coins
Many amateur sellers misidentify coins or offer altered versions. Stick to reputable dealers, and if possible, only purchase certified coins to avoid costly mistakes.
Notable Auction Results
Several 1992-D Close AM pennies have made headlines at auctions. Here are some highlights:
| Grade | Auction House | Year | Price |
|---|---|---|---|
| PCGS MS66RD | Heritage Auctions | 2023 | $9,600 |
| PCGS MS64RD | Legend Rare Coin Auctions | 2024 | $3,995 |
| NGC MS65RD | Heritage Auctions | 2022 | $3,120 |
These prices underscore the Close AM variety’s allure and the value of certified coins in the numismatic market.
Coin Specifications
Here’s a quick overview of the 1992-D Lincoln Memorial Cent:
| Specification | Details |
|---|---|
| Country | United States of America |
| Year of Issue | 1992 |
| Mint | Denver (D) |
| Mintage | 4,448,905,000 |
| Composition | Copper-plated zinc (.992 zinc, .008 copper) |
| Weight | 2.5 grams |
| Diameter | 19.0 mm |
| Edge | Plain |
| Obverse Designer | Victor David Brenner |
| Reverse Designer | Frank Gasparro |
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Collecting Tips
- Start with Certified Coins: Look for coins graded by PCGS or NGC to ensure authenticity and quality.
- Educate Yourself on Varieties: Familiarize yourself with the differences between Close AM and Wide AM to avoid misidentification.
- Watch the Market: Prices for top-grade coins can fluctuate, so keep an eye on auction results to spot trends.
Editorial Note: This article was created through automated technology, with all details verified and polished by our editorial expert.