The value of a 1966 one cent coin can vary depending on its condition and type.
- Circulated coins: In worn condition, a regular 1966 penny is generally worth slightly more than its face value (1 cent) due to its copper content (95% copper). This amounts to about 2 cents.
- Uncirculated coins: Uncirculated 1966 pennies (those that have never been used in transactions) are worth more. Their value depends on their color designation:
– Brown (BN): Common, lowest value.
– Red-Brown (RB): Intermediate value.
– Red (RD): Most desirable and valuable.
- Graded Coins: A 1966 penny graded as MS67RD (Mint State 67 Red) by the Professional Coin Grading Service (PCGS) once sold for $6,463.
- SMS coins: These were not intended for circulation and have a more exquisite finish.
- Value: Worn SMS coins are worth approximately 2 cents for their copper content.
- Uncirculated SMS coins: Well-preserved uncirculated SMS coins are worth around 50 cents to $1 each.
- Graded SMS coins: An SMS penny graded as SP67RDDCAM (Special Strike 67 Red Deep Cameo) by PCGS realized $2,585 in a 2014 sale.
- Certain errors and varieties on 1966 pennies can make them significantly more valuable.
- Doubled Die Pennies: These errors feature doubling on parts of the design or inscriptions and can be worth between $20 and $100 or more, depending on the severity.
- BIE Pennies: A specific type of die break appearing as a capital “I” between the “B” and “E” of “LIBERTY” is relatively common but sought after, generally worth $5 to $10.
In conclusion, while a standard, worn 1966 penny may only be worth a couple of cents, uncirculated specimens, particularly those with a red color designation or those from Special Mint Sets, can command higher prices. Error coins can be quite valuable as well. Consulting with a coin expert or professional coin grading service is recommended for an accurate appraisal of potentially valuable 1966 pennies.
What year is penny worth $7000?
The U.S. minted about 7.7 billion pennies in 1983 but only about 5,000 of them have the doubling error. The mistakes and the rarity is what drives the price up, with some of the coins, known among collectors as the 1983 Penny With No Mint Mark, selling for as much as $7,000.
Which 1 cent coins are rare?
1856 Flying Eagle Cent. …
1864 Indian Head Penny – “L” on Ribbon. …
1909-P and 1909-S VDB Lincoln Pennies. …
1943 Lincoln Cent Struck on Bronze Alloy. …
1944-S Lincoln Steel Penny. …
1969-S Lincoln Penny – Doubled Die Obverse. …
1958 Doubled Die Obverse Cent.