Most people don’t think twice about the pennies in their pocket, but some can be worth far more than just one cent. One such coin is the 1973 Lincoln Memorial Penny, which has surprised collectors with its shocking value. While most 1973 pennies are common, certain rare errors and high-grade specimens have sold for hundreds or even thousands of dollars. Could you be holding one of these valuable pennies without realizing it? Let’s dive into what makes the 1973 penny so special and why some collectors are willing to pay astonishing prices for it.
The 1973 Lincoln Memorial Penny
The 1973 Lincoln Memorial Penny is part of the ongoing Lincoln cent series, which began in 1909. This penny features the iconic portrait of Abraham Lincoln on the obverse, designed by Victor David Brenner. The reverse showcases the Lincoln Memorial, a design introduced in 1959 to replace the earlier “Wheat Penny” reverse. The coin was struck in 95% copper and 5% zinc and tin, a composition that would change just a decade later due to rising copper costs.
The 1973 penny was minted in large numbers at three U.S. Mint facilities:
- Philadelphia Mint (no mint mark)
- Denver Mint (D mint mark)
- San Francisco Mint (S mint mark – Proof coins only)
Although billions of these pennies were produced, certain varieties and errors make some 1973 pennies highly valuable.
While most 1973 pennies are common, certain rare varieties and high-grade examples have sold for hundreds or even thousands of dollars. The most valuable are the 1973 aluminum pennies, which are nearly priceless due to their rarity. Additionally, error coins, proof versions, and uncirculated specimens in pristine condition are also worth collecting. If you come across a 1973 penny, it’s worth taking a closer look—you might be holding a small fortune in your hand!
FAQ’s:
1. How do I know if I have a valuable 1973 penny?
Check for key features such as the 1973 aluminum composition, high-grade mint-state condition, proof versions, or errors like doubled dies and off-center strikes.
2. How much is a 1973 penny worth?
Common circulated 1973 pennies are worth face value.
Mint-state red pennies (MS67 or higher) can sell for $1,000+.
Rare 1973 aluminum pennies could be worth over $200,000!
3. What mint marks should I look for on a 1973 penny?
No mint mark = Philadelphia Mint
D mint mark = Denver Mint
S mint mark = San Francisco Mint (Proof coins)
4. Are all 1973 pennies made of copper?
Most 1973 pennies are 95% copper, but a few experimental aluminum versions were struck. If you find a silver-colored, lightweight 1973 penny, get it authenticated—it could be incredibly valuable!
5. Where can I sell a rare 1973 penny?
You can sell valuable 1973 pennies through coin dealers, online auctions (eBay, Heritage Auctions), or grading services (PCGS, NGC) for authentication and maximum value.
