Most people think pennies are just small change, but some rare varieties can turn an ordinary coin into a collector’s jackpot. One such example is the 1998 Lincoln penny, which contains a rare and valuable error that has shocked numismatists and collectors alike. While millions of pennies were minted in 1998, only a select few have a specific mistake that makes them incredibly valuable. Could you have one of these rare 1998 pennies in your pocket or coin jar? Let’s explore what makes this coin so special and how you can identify one that could make you rich!
The 1998 Lincoln Penny
The 1998 Lincoln Penny is part of the modern U.S. cent series, featuring the classic portrait of Abraham Lincoln on the obverse (front), a design introduced in 1909 by Victor David Brenner. The reverse (back) still displayed the Lincoln Memorial, a design first introduced in 1959 to honor Lincoln’s legacy.These pennies were minted in Philadelphia (no mint mark), Denver (D mint mark), and San Francisco (S mint mark for proof coins). Like other modern pennies, they were made of 97.5% zinc with a thin copper coating (2.5%), a composition used since 1982. However, despite being a common coin, certain 1998 pennies contain an error that makes them worth far more than face value.
While most 1998 pennies are worth just one cent, some rare varieties—especially the Wide AM error—can sell for hundreds or even thousands of dollars. These coins prove that valuable treasures can still be found in everyday change. If you come across a 1998 penny, check the spacing in “AMERICA”—it could be your lucky payday!
FAQ’s:
1. How do I know if my 1998 penny is valuable?
Look for the Wide AM error—a noticeable gap between “A” and “M” in “AMERICA” on the reverse. If it has doubling in the date or letters, it could also be an error coin.
2. What is the most valuable 1998 penny ever sold?
A 1998 Wide AM penny in high mint condition has sold for over $1,000 at auction, while other rare errors have also fetched high prices.
3. Where were 1998 pennies minted, and which ones are valuable?
Philadelphia (no mint mark) – Look for Wide AM errors
Denver (D mint mark) – No known Wide AM errors
San Francisco (S mint mark) – Proof coins, some valuable
4. Can I still find a rare 1998 penny in circulation?
Yes! While rare, some Wide AM pennies are still in circulation. Always check your pennies carefully, especially those from 1998.
5. Where can I sell a rare 1998 penny?
You can sell valuable pennies at coin shops, online marketplaces (eBay, Heritage Auctions), or through professional coin grading services (PCGS, NGC) to ensure proper authentication and pricing.
