Did you know that some pennies are worth way more than just one cent? While most pennies are common and circulate daily, some rare ones can fetch thousands—or even hundreds of thousands—of dollars!
These valuable pennies often result from minting errors, limited production, or historical significance.
If you’re a coin collector or just curious about hidden treasures, here are nine of the rarest pennies from the 20th century that every collector would love to own.
1. 1909-S VDB Lincoln Cent
The 1909-S VDB penny is one of the most famous and sought-after coins among collectors. This coin marked the debut of the Lincoln cent, and only 484,000 were minted.
The initials “VDB,” standing for designer Victor David Brenner, appear on the reverse, making it highly desirable.
Estimated Value: $1,000–$3,000+
2. 1943 Copper Penny
During World War II, the U.S. Mint switched to steel pennies to save copper for the war effort. However, a few copper pennies were mistakenly produced in 1943, making them extremely rare. These coins are considered some of the most valuable U.S. pennies ever.
Estimated Value: $150,000–$250,000+
3. 1955 Double Die Obverse
This error coin features a noticeable doubling on the obverse (front) side, particularly in the words “LIBERTY” and “IN GOD WE TRUST.” The error is so prominent that it can be seen with the naked eye, making it a must-have for collectors.
Estimated Value: $1,000–$25,000+
4. 1922 No D Lincoln Cent
Most 1922 Lincoln cents were minted in Denver, which means they should have a “D” mintmark.
However, some coins were struck with worn dies, causing the “D” to disappear. This unique mistake makes the 1922 No D penny one of the rarest Lincoln cents ever made.
Estimated Value: $500–$15,000+
5. 1972 Double Die Obverse
Another famous double die error, this 1972 penny features noticeable doubling on the words “LIBERTY,” “IN GOD WE TRUST,” and the date. While not as rare as the 1955 version, it’s still a valuable coin for collectors.
Estimated Value: $300–$1,000+
6. 1969-S Double Die Obverse
The 1969-S Double Die Obverse penny is incredibly rare, with only a handful known to exist. The doubling on the obverse is easy to see, making this one of the most expensive Lincoln cents.
Estimated Value: $50,000–$100,000+
7. 1944 Steel Penny
In 1944, the U.S. Mint went back to making pennies out of copper. However, a few steel planchets from 1943 were mistakenly used, creating the ultra-rare 1944 Steel Penny. These coins are highly prized due to their historical significance and rarity.
Estimated Value: $75,000–$100,000+
8. 1992 Close AM Penny
This modern rarity comes from a minor design change. The letters “A” and “M” in “AMERICA” on the reverse are spaced closer together than usual, resembling proof coins. Only a few of these pennies exist, making them highly valuable.
Estimated Value: $10,000–$25,000+
9. 1909-S Indian Head Penny
This was the last Indian Head penny ever made, and only 309,000 were produced. Because of its low mintage and historical significance, it’s one of the most valuable Indian Head pennies out there.
Estimated Value: $500–$3,000+
Why Are These Pennies So Valuable?
Several factors contribute to the high value of these rare pennies:
- Low Mintage Numbers: Coins with fewer copies, like the 1909-S VDB and the 1944 Steel Penny, are harder to find, increasing their value.
- Minting Errors: Mistakes like double dies, missing mintmarks, or incorrect planchets make these coins unique and desirable.
- Historical Significance: Some pennies, like the 1943 Copper Penny, were produced during major historical events, adding to their appeal.
Table – Top 9 Rare Pennies of the Twentieth Century
| Coin Name | Mint | Estimated Value | Unique Feature |
|---|---|---|---|
| 1909-S VDB Lincoln Cent | San Francisco | $1,000–$3,000+ | Features “VDB” initials; only 484,000 minted |
| 1943 Copper Penny | Philadelphia/Denver/San Francisco | $150,000–$250,000+ | Accidentally struck on copper instead of steel |
| 1955 Double Die Obverse | Philadelphia | $1,000–$25,000+ | Prominent doubling on words and date |
| 1922 No D Lincoln Cent | Denver | $500–$15,000+ | Missing “D” mintmark due to worn dies |
| 1972 Double Die Obverse | Philadelphia | $300–$1,000+ | Doubling on “LIBERTY” and “IN GOD WE TRUST” |
| 1969-S Double Die Obverse | San Francisco | $50,000–$100,000+ | Strong doubling on “LIBERTY” and date |
| 1944 Steel Penny | Philadelphia/Denver/San Francisco | $75,000–$100,000+ | Struck on leftover 1943 steel planchets |
| 1992 Close AM Penny | Philadelphia/Denver | $10,000–$25,000+ | Unique close spacing between “A” and “M” in “AMERICA” |
| 1909-S Indian Head Penny | San Francisco | $500–$3,000+ | Last year of Indian Head design; only 309,000 minted |
Collecting rare pennies is more than just a hobby—it’s a treasure hunt! Whether you’re checking your pocket change or searching coin collections, you never know when you might find one of these valuable pennies.
So, keep an eye out, because your next penny could be worth a fortune!
