At first glance, the 1967 Lincoln penny might not seem all that special. It’s a coin millions of Americans handled daily in their change for decades. But lately, coin collectors at shows and online forums are giving this humble cent a second look — and for good reason. Thanks to unique characteristics, minting quirks, and growing interest in error coins, the 1967 penny is quickly becoming a must-have item in the numismatic world. Let’s explore why this once-overlooked penny is now drawing attention — and potentially fetching premium prices.
Coin Name: 1967 Lincoln Memorial Penny
The 1967 Lincoln Memorial cent was minted during a time of change in U.S. coinage. This copper-based coin (95% copper, 5% zinc) features the familiar profile of Abraham Lincoln on the obverse and the Lincoln Memorial on the reverse. No mint marks were used in 1967 — a deliberate move by the U.S. Mint to discourage hoarding during a coin shortage in the 1960s. Although billions of these pennies were minted, a few surprising factors are making select examples highly collectible today.
Why It’s Hot:
Several reasons explain the rising demand for the 1967 penny at coin shows and auctions:
- No Mint Mark Quirk: Since the Mint removed mint marks for all coins in 1967, this confused many collectors who typically rely on those marks to identify coin origin and rarity.
- High-Grade Examples: Finding 1967 pennies in pristine, uncirculated condition is much tougher than expected — especially those with full red luster.
- Striking Errors: Some error coins from 1967 have surfaced, including off-center strikes, double dies, and die cracks, which greatly increase value.
- Nostalgia Factor: Coins from the 1960s are gaining nostalgic appeal, especially among baby boomers and Gen X collectors.
- Rising Prices: Some MS67 Red (Mint State, full red color) examples have sold for hundreds of dollars at auctions.
While it’s easy to overlook a common coin like the 1967 penny, collectors are quickly learning that not all cents are created equal. Whether it’s the historical context, the absence of a mint mark, or the thrill of spotting a rare error, this coin has carved out a special spot in the modern collecting scene. If you’ve got a few 1967 pennies sitting in a jar or tucked in an old collection, it might be time to take a closer look — you could be holding a hidden gem.
FAQ’s:
1. Why doesn’t the 1967 penny have a mint mark?
To discourage hoarding and ease coin production issues during the mid-60s, the U.S. Mint removed all mint marks from coins in 1965, 1966, and 1967.
2. What’s the most valuable 1967 penny ever sold?
A high-grade MS67 Red example graded by PCGS has sold for over $500, largely due to its flawless condition and luster.
3. How can I tell if my 1967 penny is valuable?
Look for signs like strong red coloration (no browning), sharp details, and possible errors like doubling or off-center strikes. Having it graded by a reputable service like PCGS or NGC helps determine value.
4. Are error versions of the 1967 penny common?
While not extremely rare, there are known errors — such as die cracks and off-center strikes — that can add significant value if found in good condition.
