The 1970-S Small Date Lincoln cent is a fascinating and valuable variety that continues to capture the attention of numismatists and casual collectors alike. Despite being minted over five decades ago, these pennies can still occasionally be found in circulation, making them a hidden treasure for those who know what to look for.
Understanding the 1970-S Small Date Penny
In 1970, the San Francisco Mint produced two distinct varieties of the Lincoln cent: the Large Date and the Small Date. The Small Date variety is particularly sought after due to its relative scarcity and the subtlety of its distinguishing features. Identifying a 1970-S Small Date penny involves examining specific aspects of the coin’s date and inscriptions.
Key Identification Features
- Date Alignment: On the Small Date variety, the tops of the digits “1,” “9,” and “0” in the date align closely in a straight line. In contrast, the Large Date variety shows the “9” and “0” positioned slightly higher than the “1.”
- Shape of the “9”: The “9” in the Small Date has a delicate, almost closed loop, whereas the Large Date’s “9” appears more open and robust.
- LIBERTY Inscription: The word “LIBERTY” on the Small Date often appears weaker or less defined compared to the Large Date, where it is more pronounced.
Market Value and Rarity
The value of a 1970-S Small Date penny varies based on its condition and whether it’s a regular strike or proof coin:
- Regular Strike: In uncirculated (mint state) condition, these coins can fetch approximately $67 or more.
- Proof Versions: Proof specimens, which are specially minted for collectors, can be worth around $48 or more, depending on their condition.
It’s important to note that while these values provide a general guideline, actual market prices can fluctuate based on factors such as demand, the coin’s color designation (red, red-brown, or brown), and overall eye appeal.
Why Are They Still in Circulation?
Despite their potential value, many 1970-S Small Date pennies remain in circulation due to a lack of public awareness about their significance. Additionally, the subtle differences between the Small and Large Date varieties make them easy to overlook. As a result, attentive collectors have the opportunity to discover these hidden gems in everyday transactions.
Tips for Coin Roll Hunting
For those interested in searching for the 1970-S Small Date penny, consider the following strategies:
- Bank Rolls: Purchase rolls of pennies from banks and examine each coin carefully for the distinguishing features mentioned earlier.
- Pocket Change: Regularly check your pocket change, as older pennies often remain in circulation.
- Coin Shows and Shops: Visit local coin shows or shops where bulk lots of pennies are sold; these can sometimes contain overlooked treasures.
The 1970-S Small Date penny serves as a testament to the intriguing nuances of coin collecting. Its subtle variations and potential value make it a rewarding find for those with a keen eye and a bit of patience. As these coins continue to hide in plain sight, the thrill of discovery remains ever-present for numismatists and enthusiasts alike.
FAQ’s:
How can I quickly distinguish between the 1970-S Small Date and Large Date pennies?
Focus on the alignment of the date digits. In the Small Date variety, the tops of the “1,” “9,” and “0” align closely in a straight line, whereas, in the Large Date, the “9” and “0” are positioned slightly higher than the “1.”
Are 1970-S Small Date pennies rare?
While not exceedingly rare, the 1970-S Small Date penny is less common than its Large Date counterpart, making it more desirable among collectors.
Does the condition of the coin significantly impact its value?
Yes, the coin’s condition greatly influences its value. Coins in uncirculated or proof condition are more valuable than those showing signs of wear.
Can I find 1970-S Small Date pennies in my pocket change today?
It’s possible, though not highly likely, as many have been removed from circulation by collectors. However, attentive searching can still yield results.
