Coin collecting, or numismatics, is a fascinating hobby that often uncovers hidden treasures in everyday pocket change. Among these, the 1970-S Small Date Lincoln Penny stands out, with some specimens fetching impressive sums at auctions. Beyond this penny, several other coins remain in circulation, holding significant value for those keen-eyed enough to spot them.
The 1970-S Small Date Lincoln Penny
The 1970-S Lincoln Penny was minted in San Francisco and comes in two primary varieties: the Large Date and the more coveted Small Date.
Distinguishing between the two involves noting that on the Small Date variety, the top of the “7” aligns evenly with the other digits, and the “9” in the date points directly to the “7”. In contrast, the Large Date features a “7” that sits slightly lower, with the “9” pointing towards the mint mark.
The value of the 1970-S Small Date Penny varies based on its condition:
| Condition | Estimated Value |
|---|---|
| Circulated (Brown) | $10 |
| Red/Brown Uncirculated | $18 |
| Red Uncirculated | $35 and up |
| MS67 Red | Approximately $700 |
Notably, a proof version of this penny achieved a remarkable $18,400 at auction in 2005.
Eight More Valuable Coins to Watch For
Beyond the 1970-S Small Date Penny, several other coins in circulation hold significant value:
1. 1969-S Lincoln Cent with Doubled Die Obverse
This penny exhibits clear doubling on the date and inscriptions. Approximately 30 examples are known, with values reaching up to $40,000.
2. 1972 Lincoln Cent with Doubled Die Obverse
Visible doubling on the obverse can make this penny worth between $700 and $1,400, depending on condition.
3. 1983 Lincoln Cent Struck on Bronze Planchet
While most 1983 pennies are copper-plated zinc, some were mistakenly struck on bronze planchets, weighing 3.1 grams instead of the standard 2.5 grams. Such errors have fetched over $29,000 at auction.
4. 1999 Wide “AM” Lincoln Cent
In this variety, there’s a noticeable gap between the “A” and “M” in “AMERICA” on the reverse. These pennies can command prices up to $500.
5. 1982 No Mint Mark Roosevelt Dime
Dimes minted in Philadelphia typically bear no mint mark; however, in 1982, some were mistakenly produced without the “P” mint mark. These dimes can be worth around $50 in uncirculated condition.
6. 1995 Doubled Die Obverse Lincoln Cent
This penny features noticeable doubling on the word “LIBERTY” and the motto “IN GOD WE TRUST.” Values range from $20 to $50, depending on condition.
7. 2004 Wisconsin State Quarter with Extra Leaf
Some of these quarters display an extra leaf on the corn stalk on the reverse side, either pointing up or down. These error coins can be worth between $150 and $300.
8. 2005 “In God We Rust” Kansas State Quarter
Due to a grease-filled die error, some Kansas quarters appear to read “In God We Rust.” These coins can fetch up to $100 from collectors.
Tips for Identifying Valuable Coins
- Examine Dates and Mint Marks: Pay close attention to the year and mint mark on your coins, as certain combinations are rarer and more valuable.
- Look for Errors: Minting errors, such as doubled dies, missing mint marks, or design anomalies, can significantly increase a coin’s value.
- Weigh Your Coins: Some errors involve coins struck on incorrect planchets, leading to unusual weights. A precise scale can help identify these anomalies.
- Consult Professional Grading Services: For an accurate assessment of a coin’s condition and value, consider submitting it to a reputable grading service.
While the 1970-S Small Date Lincoln Penny is a standout find, numerous other valuable coins remain in circulation. By staying vigilant and informed, you might just discover a hidden treasure in your pocket change.
FAQs
How can I distinguish between the 1970-S Small Date and Large Date pennies?
On the Small Date variety, the top of the “7” aligns evenly with the other digits, and the “9” in the date points directly to the “7”. In contrast, the Large Date features a “7” that sits slightly lower, with the “9” pointing towards the mint mark.
What should I do if I find a potentially valuable coin?
Avoid cleaning the coin, as this can reduce its value. Store it safely and consider consulting a professional grading service for evaluation.
Are all error coins valuable?
Not all error coins hold significant value; it depends on the rarity and desirability of the specific error among collectors.
