Most people think of pennies as nothing more than pocket change, but did you know that some 2017 pennies are already selling for big money? While the majority of these coins are only worth their face value, rare varieties, errors, and high-grade specimens have caught the attention of collectors. Some of these pennies have sold for hundreds or even thousands of dollars at auctions. If you’ve got a 2017 penny in your possession, you might want to take a closer look—it could be worth more than you think!
The 2017 Lincoln Shield Penny
The 2017 Lincoln Shield Penny is part of the modern penny series introduced in 2010, replacing the Lincoln Memorial reverse. The obverse features the iconic Abraham Lincoln portrait by Victor David Brenner, which has been on the penny since 1909. The reverse showcases a Union Shield design, symbolizing Lincoln’s role in preserving the United States during the Civil War.
One special version of the 2017 penny was issued to commemorate the 225th anniversary of the U.S. Mint. These pennies, struck at the Philadelphia Mint, include a unique “P” mint mark—the first time in U.S. history that Philadelphia-minted pennies featured a mint mark. This small detail makes them historically significant and collectible. However, the real money is in certain rare errors and pristine, high-grade examples.
1. The 2017-P Mint Mark (First-Ever Philadelphia Mint Mark on a Penny)
- For the first time, pennies minted in Philadelphia were marked with a “P” mint mark to honor the U.S. Mint’s 225th anniversary.
- While millions were produced, collectors prize them as a one-year-only issue, making high-quality specimens more desirable.
2. High-Grade Coins in Mint Condition
- Regular 2017 pennies are common, but those graded MS67 or higher (by PCGS or NGC) can fetch $100 or more due to their rarity in top condition.
- Proof versions, especially with a deep cameo appearance, are also highly sought after.
3. Rare 2017 Penny Errors
- Doubled Die Errors: Some 2017 pennies show doubling in the lettering or design due to a striking mistake, making them extremely valuable.
- Off-Center Strikes: Coins that are misaligned during striking can be worth $50 to $500, depending on how off-center they are.
- Clipped Planchet Errors: Some pennies were struck on improperly cut planchets, making them collectible due to their unique shape.
- Die Cracks or Breaks: Some 2017 pennies exhibit small cracks in the die, creating raised lines on the coin’s surface, which can add to their value.
While most 2017 pennies are only worth one cent, certain versions have already gained value among collectors. Whether it’s the unique 2017-P mint mark, rare error coins, or high-grade uncirculated specimens, some of these pennies have sold for hundreds or even thousands of dollars. If you have a 2017 penny, inspect it closely—you may have a hidden gem in your collection!
FAQ’s:
1. Why does the 2017 penny have a “P” mint mark?
The “P” mint mark was added to 2017 pennies to celebrate the 225th anniversary of the U.S. Mint. It was the first time Philadelphia-minted pennies featured a mint mark.
2. How do I know if my 2017 penny is valuable?
Look for high-grade uncirculated coins (MS67 or higher) or error coins like doubled dies, off-center strikes, or die cracks. These can be worth significantly more than face value.
3. What is the most valuable 2017 penny ever sold?
Some high-grade 2017 pennies have sold for over $1,000, especially those with rare errors or exceptional condition.
4. Where can I sell a rare 2017 penny?
You can sell valuable 2017 pennies at coin shops, online marketplaces (eBay, Heritage Auctions), or through professional grading services (PCGS, NGC) for certification and better resale value.
5. Are all 2017 pennies with a “P” mint mark valuable?
Not all are valuable, but those in high grades (MS67+), proof versions, or with minting errors can fetch high prices among collectors.
