At first glance, the 1962 Lincoln penny may seem like just another copper coin rattling in your drawer or rolling around in your car cup holder. But not so fast—some of these unassuming cents might actually contain hidden minting errors known as die varieties that can make them incredibly valuable to collectors. Die varieties like doubled dies and repunched mint marks (RPMs) can transform a common penny into a sought-after numismatic treasure. These errors are subtle, but if you know what to look for, you just might uncover a small fortune in your spare change.
962 Lincoln Memorial Cent – Rare Die Variety (Doubled Die Obverse & Repunched Mint Mark)
The 1962 Lincoln Memorial Cent is part of the long-running Lincoln penny series, which began in 1909. This specific issue features the second design in the series—the Lincoln Memorial reverse, which was introduced in 1959 and continued until 2008. Minted in both Philadelphia (no mint mark) and Denver (marked with a “D”), the 1962 penny is primarily composed of 95% copper and 5% tin and zinc, giving it the classic reddish-brown look that collectors appreciate.
While most 1962 pennies are common and plentiful, certain specimens feature rare die varieties that elevate them far above face value. These include:
- Doubled Die Obverse (DDO) – A striking error where the die used to strike the coin was improperly made, resulting in visible doubling of the design elements on the front (obverse) of the coin.
- Repunched Mint Mark (RPM) – Found on coins minted in Denver, where the “D” mint mark was accidentally punched more than once in slightly different positions, creating a noticeable overlapping effect.
These rare varieties are not only fascinating but also highly sought after by numismatists, especially when found in high mint-state condition with original red luster. When graded and verified by a top-tier service like PCGS or NGC, these coins can command impressive prices at auction or through private sales. In short, the 1962 Lincoln Memorial Cent may look ordinary—but with the right variety and condition, it could be a small piece of hidden treasure.
The 1962 penny is a perfect example of how the world of coin collecting rewards attention to detail. While millions were minted, only a fraction have the rare errors that make them valuable. Whether it’s a doubled die or a repunched mint mark, discovering a rare die variety is both exciting and potentially profitable. So next time you’re sorting through your coin jar or inspecting that old penny stuck under the car seat, take a closer look—you might just be holding a hidden gem from 1962.
FAQ’s:
1. Are all 1962 pennies valuable?
No, most are worth only face value. However, coins with rare die varieties like DDOs or RPMs can be worth $20 to $300 or more.
2. How can I tell if I have a 1962 RPM?
Use a magnifier to examine the “D” mint mark for signs of doubling or a shadowy secondary punch. Compare it to images from trusted coin sites.
3. Is there a doubled die version of the 1962 penny?
Yes, though extremely rare. Some 1962 pennies exhibit doubling on the date and lettering. If found, these are highly collectible.
4. What’s the best way to sell a rare 1962 penny?
Get it professionally graded, then sell it through a reputable dealer or online auction site. Graded coins typically fetch higher prices.
