The 1922 No D Lincoln cent, often referred to as the “1922 Plain Penny,” stands as a remarkable anomaly in U.S. coinage, captivating collectors with its unique characteristics and substantial value. In a recent auction, a well-preserved specimen fetched an impressive $26,868.75, underscoring its desirability among numismatists.
Understanding the 1922 No D Penny
In 1922, the Denver Mint was the sole producer of Lincoln cents, all intended to bear the “D” mintmark beneath the date. However, due to die wear and over-polishing during the minting process, some coins were released without this distinguishing mark, resulting in the rare 1922 No D variety.
Key Features of the 1922 No D Penny
To accurately identify this rare coin, consider the following characteristics:
| Feature | Description |
|---|---|
| Mint Year | 1922 |
| Mintmark | Absent (No “D” beneath the date) |
| Obverse Design | Portrait of Abraham Lincoln |
| Reverse Design | Two wheat ears flanking the denomination “ONE CENT” |
| Composition | 95% copper, 5% tin and zinc |
| Diameter | 19.05 mm |
| Weight | 3.11 grams |
| Edge | Plain |
Die Pairs and Their Significance
The 1922 No D cents were produced from four distinct die pairs, each contributing to variations in the coin’s appearance:
- Die Pair #1: Exhibits a weak or missing “D” mintmark with a generally weak reverse.
- Die Pair #2: Known for a completely missing “D” mintmark and a strong reverse, making it the most sought-after variety.
- Die Pair #3: Features a weak or absent “D” mintmark accompanied by a weak reverse.
- Die Pair #4: Displays a weak or missing “D” mintmark with a weak reverse.
Among these, Die Pair #2, often referred to as the “Strong Reverse” variety, commands the highest premiums due to its distinct clarity and rarity.
Valuation Based on Condition
The value of a 1922 No D penny varies significantly with its condition and die pair classification:
| Condition Grade | Estimated Value Range |
|---|---|
| Good (G-4) | $500 – $1,500 |
| Fine (F-12) | $2,000 – $5,000 |
| Extremely Fine (XF-40) | $5,000 – $10,000 |
| Uncirculated (MS-60 to MS-63) | $30,000+ |
| Mint State (MS-65 or higher) | $70,000 – $90,000 |
These values are approximate and can fluctuate based on market demand and the coin’s specific attributes.
Identifying a 1922 No D Penny in Your Collection
To determine if you possess this rare coin, follow these steps:
- Examine the Mintmark Area: Using a magnifying glass, inspect the area beneath the date on the obverse side. The absence of a “D” mintmark is the primary indicator.
- Assess the Reverse Detail: A strong reverse design, particularly in Die Pair #2, enhances the coin’s value. Look for sharp wheat stalks and clear lettering.
- Evaluate Overall Condition: The coin’s grade significantly impacts its worth. Higher grades with minimal wear command premium prices.
Avoiding Counterfeits
Due to its value, the 1922 No D penny is often subject to counterfeiting. To ensure authenticity:
- Professional Authentication: Have the coin evaluated by reputable grading services such as PCGS or NGC.
- Be Wary of Alterations: Some counterfeiters attempt to remove the “D” mintmark from standard 1922-D pennies. Professional graders can detect such modifications.
The 1922 No D penny is a testament to the intriguing nuances of coin minting and the allure of numismatic errors. Its rarity and historical significance make it a prized possession for collectors. By understanding its distinguishing features and market value, you can accurately identify and appraise this exceptional coin within your collection.
FAQs
Why is the 1922 No D penny so valuable?
Its rarity, resulting from a minting error where the “D” mintmark is absent, combined with high collector demand, significantly enhances its value.
How can I authenticate a 1922 No D penny?
Seek evaluation from professional grading services like PCGS or NGC to ensure authenticity and accurate grading.
What is the most valuable die pair for the 1922 No D penny?
Die Pair #2, known as the “Strong Reverse” variety, is the most coveted and commands higher prices due to its clarity and rarity.
