The Lincoln Memorial Cent, minted from 1959 to 1982, is a favorite among coin collectors in the United States. This small penny, with Abraham Lincoln on one side and the iconic Lincoln Memorial on the other, tells a story of history, art, and value. For beginners and seasoned collectors alike, these coins are affordable, easy to find, and packed with interesting details. Whether you’re just starting or hunting for rare finds, this guide will walk you through why these pennies are worth your attention.
A Peek into History
In 1959, the U.S. Mint changed the Lincoln penny’s reverse design to honor the 150th anniversary of Abraham Lincoln’s birth. The new design, created by Frank Gasparro, replaced the wheat stalks used from 1909 to 1958 with an image of the Lincoln Memorial in Washington, D.C. This change made the penny a tiny piece of American history, tying it to one of the nation’s most beloved presidents and landmarks. The design ran for over two decades, making it one of the longest-running in U.S. coin history.
What Makes These Pennies Special
The Lincoln Memorial Cent is popular because it’s both common and unique. Most of these coins are easy to find in pocket change or at coin shops, but certain years and mint marks are rare and valuable. For example, the 1969-S doubled die penny is a famous error coin where the date and lettering appear doubled, making it worth thousands of dollars in good condition. Other key dates, like the 1972 doubled die or the 1982 copper pennies, also draw collectors. These variations keep collectors on the hunt for hidden treasures.
| Key Lincoln Memorial Cents | Mint Mark | Estimated Value (Good Condition) |
|---|---|---|
| 1969-S Doubled Die | S | $10,000 – $50,000+ |
| 1972 Doubled Die | None (P) | $100 – $500 |
| 1982 Copper (Large Date) | None (P) | $5 – $20 |
How to Start Collecting
Collecting Lincoln Memorial Cents is beginner-friendly because many are still in circulation. Start by checking your loose change or visiting a local coin dealer. Look for coins with clear details and minimal wear. Pay attention to the mint mark—found under the date—showing where the coin was made: “D” for Denver, “S” for San Francisco, or no mark for Philadelphia. You can store coins in albums or folders designed for pennies, which are cheap and keep your collection organized. Joining a local coin club or online forum can also help you learn tips from other collectors.
Challenges and Tips
While collecting these pennies is fun, there are challenges. Some rare coins, like the 1969-S doubled die, are hard to find and often faked, so always buy from trusted dealers or get coins graded by services like PCGS or NGC. Cleaning coins can lower their value, so handle them carefully and avoid polishing. Focus on coins in good condition, as worn-out pennies are less appealing to collectors. If you’re on a budget, aim for common years like 1965 or 1975, which are still great additions to your collection.
- Check the date and mint mark carefully to spot rare varieties.
- Use a magnifying glass to look for errors like doubled lettering.
- Store coins in a dry, cool place to prevent damage.
- Research recent sales to know the market value of rare coins.
Why It’s Worth Collecting
The Lincoln Memorial Cent is more than just loose change—it’s a piece of Americana. Its connection to Lincoln and the history of the U.S. Mint makes it meaningful. Plus, the thrill of finding a rare coin in a roll of pennies is hard to beat. Whether you’re in it for fun, history, or profit, these coins offer something for everyone. With a little patience and knowledge, your collection could grow into a valuable treasure that tells a story of America’s past.
