Pennies aren’t usually seen as valuable types of currency, but when you take into account the events around the time of their making, a few old coins hold exceptional worth. Here’s a closer look at some of the most valuable pennies and the factors that increase their selling price. 

Which Rare Pennies Are Considered Valuable?

1. 1872 Indian Head Penny

This penny made its appearance during the early days of coin minting. While over 4 million were released into circulation, people didn’t see the importance of keeping them in a collection at the time. As a result, the coins were eventually lost or worn down with years of use. Finding one in perfect condition is extremely rare and could be valued at $126,500. 

2. 1909-S Lincoln VDB Penny

These were the first pennies that replaced the Indian head with that of President Lincoln. What makes them unique is that the designer, Victor David Brenner, included his initials along the bottom of the coin, directly underneath the two ears of wheat on the back. 

At the most, only two initials are allowed on a coin, so the Department of American Treasury sent in an immediate request for withdrawal. At this point, about 500,000 coins had already made it into circulation, and they’re now valued at approximately $117,500. 

3. 1943 Bronze Lincoln Penny

To save copper for use in World War II production, the U.S. Mint opted for zinc-coated steel planchets in favor of bronze coin blanks. But a few of the bronze blanks got stuck in the bins and entered the presses unnoticed. 15 to 20 of these old coins are currently known to modern-day collectors and estimated to be worth about $150,000 to $200,000 apiece. 

If you’re interested in old coins, stop by Hawaiian Islands Stamp & Coin. Located in Honolulu, this locally owned business has over 40 years of experience and comes highly recommended as the region’s top authority on gold, silver, and rare coins. Their experts offer in-depth appraisals and are regular contributors to several numismatic publications, including Krause’s Standard Catalog of World Coins. Call (808) 531-6251 or visit their website to learn more about their current selection.