In the world of coin collecting, modern coins often get overlooked—especially the pennies you see in your change every day. But hidden among them is a true rarity: the 1998 Wide AM penny. At first glance, it looks like any other Lincoln cent. But a tiny detail on the reverse can turn this coin from pocket change into a collectible worth hundreds of dollars. Surprised? You’re not alone. Many collectors and casual coin hunters are just now learning about this variety. If you’re not checking your 1998 pennies, you could be missing out on a hidden gem in your coin jar.
The Coin: 1998 Wide AM Lincoln Cent
The 1998 Wide AM penny is a variety of the standard Lincoln Memorial cent. In most 1998 pennies, the letters “A” and “M” in “AMERICA” on the reverse are very close together (a “Close AM”). However, in the Wide AM version, there is a noticeable space between the two letters. This spacing change was not intended for circulation coins—it was originally part of the proof die design. But somehow, a proof reverse die was used on regular business strike coins at the Philadelphia Mint, resulting in a small number of 1998 pennies being struck with the Wide AM style. That simple minting mix-up is what makes the 1998 Wide AM so desirable today.
Why It Matters
The 1998 Wide AM penny isn’t just a cool error—it’s part of a modern rarity trio, along with the 1999 Wide AM and 2000 Wide AM varieties. But the 1998 version was the first year this error appeared, and it’s scarcer than many people think. Because the design difference is so subtle, most Wide AM pennies likely ended up in circulation unnoticed. That’s why well-worn examples can still be found in pocket change, and collectors are eager to hunt them down. Even in circulated condition, they can sell for $25 to $75, while uncirculated examples often command $200 to $500 or more, depending on grade and eye appeal. The value is expected to grow as more people discover its rarity and fewer unsearched rolls remain
The 1998 Wide AM penny proves that treasure can still be found in plain sight. While it may seem like just another cent, that tiny gap between the “A” and “M” could mean you’re holding a coin worth hundreds. For collectors, it’s a chance to grab a modern error with real investment potential. And for casual coin hunters? It’s one more reason to never take your change for granted. So the next time you spot a 1998 penny—flip it over. You just might strike copper gold.
FAQ’s:
1. How can I tell if I have the Wide AM variety?
Look at the reverse of the penny. If the “A” and “M” in “AMERICA” are clearly separated, you may have a Wide AM. Use a magnifying glass for better clarity.
2. How can I tell if I have a real 1877 penny?
Genuine 1877 cents show strong detail on “LIBERTY” in the headband. Many counterfeits exist, often made by altering dates on other Indian Head pennies. Authentication by PCGS or NGC is strongly recommended.
3. What is the coin made of?
The 1877 penny is composed of 95% copper and 5% tin and zinc, weighing 3.11 grams, consistent with other Indian Head cents from 1864–1909.
4. Can I find an 1877 Indian Head penny in circulation?
It’s extremely unlikely. Most 1877 pennies are held by collectors, sold at auctions, or stored in collections. Still, rare finds sometimes surface in old estates or inherited coin boxes.
