The 1970s might not be famous for their pennies, but collectors know these coins can pack surprising value. Whether it’s due to unique minting errors or rare design variations, some 1970s pennies are worth far more than their face value.
Here are some of the most valuable pennies from the decade and what makes them stand out.
1970-S Large Date Penny
Pennies from 1970 include two versions: the large date and the small date. The large date variation may not seem extraordinary at first glance, but it hides valuable treasures for collectors.
One standout is the doubled die obverse proof penny, a coin distinguished by its high-quality finish and striking design. If you’re lucky enough to find one, its value can skyrocket. One of these rare proofs sold for an astonishing $24,150 in 2001.
1970-S Small Date Penny
The small date penny from 1970 holds even more value than its large date counterpart. Collectors spot the small date variety by looking at the shape of the “9” in the date, which curves upward slightly more than the large date version.
Additionally, the word “Liberty” on these coins appears less crisp. These features make small date pennies rare finds. One such coin sold for $18,400 in 2005, showcasing its collector appeal.
1971-S Deep Cameo Proof Penny
Proof coins are known for their flawless craftsmanship, but the 1971-S Deep Cameo Proof Penny takes perfection to another level. With its frosted appearance and pinkish-gold tone, this penny stands out as a masterpiece.
No penny from this year has been graded higher than the one sold by Heritage Auctions in 2004 for $17,250, cementing its place in numismatic history.
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1974-S Reverse Breakage of 1973-S Penny
Minting errors like breakage coins are fascinating collectibles. The 1974-S Reverse Breakage Penny, graded at an impressive 64, features a standard Lincoln portrait on the front and a mirrored reverse of the 1973 design on the back.
This mistake, caused by a die malfunction, makes the coin exceptionally rare. One such penny sold for $11,400 in 2020, proving that errors can sometimes lead to fortune.
1971-S Doubled Die Obverse Penny
Double die errors, where a coin’s design is struck multiple times, add depth and uniqueness to a penny. The 1971-S Doubled Die Obverse Penny is one such example, boasting sharp relief and eye-catching details.
A high-quality version of this penny sold for $10,350 in 2005, making it a coveted piece for collectors.
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What to Watch for in Old Pennies?
Even if finding one of these valuable coins feels like hitting the jackpot, knowing what to look for can increase your chances of spotting a hidden gem:
- Minting Mistakes: Look for doubled die errors, strike errors, or any unusual design anomalies.
- Proof Pennies: These high-contrast, polished coins were usually made for collectors, but some may have made their way into circulation.
- Small Date Variations: Coins with subtle design differences, like the 1970 small date penny, can be worth a lot.
- Brockage Errors: A coin with a mirrored design on one side is always worth a closer inspection.
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