In the world of coin collecting, certain minting anomalies can transform everyday coins into valuable treasures. One such anomaly is the 1999 Wide AM penny, a rare variant that has become a sought-after prize among numismatists. This article delves into the origins, identification, and value of the 1999 Wide AM penny, providing insights into how this accidental fortune might be hiding in your loose change.
The 1999 Wide AM Penny: A Minting Anomaly
In 1999, the U.S. Mint produced billions of Lincoln Memorial cents. During this production, a small number of pennies intended for general circulation were mistakenly struck with a reverse die meant for proof coins. This error resulted in the “Wide AM” variety, where the letters “A” and “M” in “AMERICA” on the reverse side are noticeably separated, contrasting with the standard “Close AM” design of that year.
Identifying the Wide AM Variety
To determine if you possess a 1999 Wide AM penny, examine the reverse side of the coin:
- Wide AM: There is a clear gap between the letters “A” and “M” in “AMERICA.” Additionally, the initials “FG” (for designer Frank Gasparro) near the Lincoln Memorial are positioned farther from the building.
- Close AM: The letters “A” and “M” are almost touching, with minimal space between them. The “FG” initials are closer to the Lincoln Memorial.
For visual comparisons and detailed images, resources like PCGS provide valuable references.
The Value of a 1999 Wide AM Penny
The scarcity of the 1999 Wide AM penny significantly enhances its value. Even in circulated conditions, these coins can fetch substantial sums:
- Circulated Condition: Values range from $100 to $500, depending on wear and overall appearance.
- Uncirculated Condition: Coins in mint state (MS) grades can command higher prices. For instance, an MS67 grade coin has been sold for over $1,200 at auction.
The 1999 Wide AM penny exemplifies how minting errors can create valuable collectibles from everyday currency. By paying close attention to the details of your pocket change, you might discover a coin worth significantly more than its face value. This accidental fortune serves as a reminder of the hidden treasures that can be found in the most unexpected places.
FAQ’s:
How can I quickly identify a 1999 Wide AM penny?
Examine the reverse side of the penny. If there’s a noticeable gap between the letters “A” and “M” in “AMERICA,” you likely have a Wide AM variety.
Are there other years with Wide AM varieties?
What causes the Wide AM error?
The error occurred when the U.S. Mint accidentally used a reverse die intended for proof coins (which have a Wide AM design) on pennies meant for general circulation.
Does the coin’s condition affect its value?
Absolutely. Coins in better condition, with minimal wear and clear details, are more valuable. Uncirculated coins can fetch significantly higher prices.
Where can I sell a 1999 Wide AM penny?
You can sell such coins through online marketplaces, coin dealers, or at coin shows. It’s advisable to have the coin authenticated and graded by a professional service to maximize its value.
