How Much Is A 1962 Penny Worth? (Price Chart, Error , History & D”, No Mint Mark)

Due to the larger number of coins mintage the value of the 1962 penny is less. Pennies were made in 1909 on the 100th birthday of Lincoln’s president. These coins have been liked by collectors since it is first made in brass series from  1962 to 1982. Let’s get started with How Much Is A 1962 Penny Worth?

1962 Lincoln Penny Features

Most valuable 1962 penny value

1962 Penny Obverse

The front side of this coin has a photo of Abraham Lincoln 16 US president. The front side design was first made in 1909 and was added at the request of Roosevelt. This design was made by Victor D. Brenner. On this side of the coin, there is the motto IN GOD WE TRUST written on the upper part of the coin, and the word LIBERTY is also added. The mint mark D or S is also on the coins.

1962 Reverse

The back side of the coins has the Lincoln Memorial and this design was made by Frank Gasparro. On the Lincoln Memorial, there can be a photo of Lincoln between the monument’s two central columns. This first coin has photos of the same person on both sides. So it is considered a high value for collectors. The word UNITED STATES OF AMERICA is also written on the upper edge of coins and the lower edge has ONE CENT. The phrase E PLURIBUS UNUM, is also added on this side.

Some other features of the 1962 penny are;

  • It is part of a series of Lincoln Cents, Memorial Reverse (1959-2008).
  • It is made by the Philadelphia, Denver Mint.
  • A total of 2,402,411,419 coins were made.
  • Its front design made by Victor D. Brenner and its reverse was made by Frank Gasparro.
  • It is made with the use of brass and weighs 3.11 grams and its diameter is 19mmm.

1962 Lincoln Penny Value Chart

1962 Penny Mint Mark MS60 MS61 MS62 MS63 Ms64 MS65 MS66 MS67
No Mark 1$ 1$ 1$ 2$ 3$ 25$ 240$
Proof Penny 1$ 30$ 75$ 475$
D 1$ 1$ 3$ 18$ 1000$

1962 Lincoln Penny Value Chart

History Of 1962 Penny

The first penny was made in 1909 on the 100th birthday of Lincoln and the 1962 penny was part of the Lincoln series. The Lincoln penny is the first coin that has a photo of any person. On the front side of the pennies Lincoln’s photo added and reverse design at the starting time has two wheat stalks so some Lincoln pennies are known as wheat pennies.  In 1959 at the 150th birthday of Lincoln Pennies back side was changed with the Lincoln Memorial in Washington DC. The 1962 pennies also have the memorial on the back side. The 1962 coins were made with the use of bronze 95 percent and five percent tin and zinc. After 1962 time was removed from the creation of coins. So pennies are known as created with the use of brass. Now penny’s composition is 95 percent copper and 5 percent zinc.

1962 No Mintmark Penny Value

The Philadelphia Mint produced 606,045,000 pennies in 1962. These coins are considered rare sie they are made with the use of 95% copper, and 5% zinc. The vlaue of copper increases so people are saving pre-1982 Pennies that have copper content. Due to copper content, these coins have a value of two to three cents. The 1962 pennies in uncirculated condition have a value of ten to twenty cents. The most valuable 1962 penny sold for $8,812.50 in 2014 with a grade of MS67+RD.

1962 Proof Penny Value

The P mint made a business strike and proof pennies in 1962. Proof coins are made with the use of special dies and polished planchets. These coins were made of about 3.2 million.  Their larger number makes it easy to find proof coins.

  • PR63 grade red penny value is seven dollar
  • PR67 red color =25$
  • PR67 Cameo= 30$
  • PR6 Deep Cameo= 32$
  • PR69= Deep cameo sold in an auction 2005 for 2559$

1962 Denver Lincoln Penny Value

1,793,148,400 coins made by D mint in 1962.  Their larger number makes them easy to find coins and their prices are also low.

  • Uncirculated condition = 3$
  • Gem quality =10 to 20 dollars
  • MS66 Gem quality=20$
  • MS67 gem quality =1000$
  • D mint= sold for 12000 dollars in 2013

1962 Pennies Error

 Full Brockage Reverse Error

This error exists on the 1962 D penny that full blockage reverse. In place of Memroail which must be on the back side, there is a photo of Lincoln on the back side. It occurs due to the die strike on the coins, a photo of previously struck front side coins printed on the planchet. The coins with this error sold for 500 dollars in AU53 grade

Doubled Die Error

In this error, coins come with a doubling effect on coin design, letters, and words on coins. The doubling effect makes coins of high value. Coins with errors can be sold for t $5 to $20.

Penny Struck On Silver Dime Planchet

This error occurs when striking a penny in a silver dime planchet. SO 1962 D penny comes with almond gold toning. Coin with this error of MS62 grade sold for $823 at an auction in 2013.

BIE Error

In some 1962 pennies, there is a letter I can be seen between B and E of the word LIBERTY. That makes a BIE error, this I letter is due to the use of an old die that has marks and cuds on the surface that shifted to coins during minting. Coins with this error can have a value of five to ten dollars based on error condition and the mint state can have a value of about fifty dollars.

 Struck Fragment error

The 1962 D coins have fragments of metal struck. That makes coins with irregular shapes and also different weights that is 1.2 grams. Coins with MS64 grade can be sold for 1000 dollars for this error

How Much Is A 1962 Penny Worth?

The value of coins is based on grade and color. Brown, red, and brown pennies in 1962 had a value of about fae vaue. In good condition, they can have high value. The MS67 +Red grade coins minted by P mint sold for $9,000 in 2014.

Is 1962 D Penny Rare?

The 1962 D pennies were made at the D mint in larger numbers. So they are not rare. But some coins with different errors like struck off-center, or wrong planchet can be rare and high value.

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Faqs

What is  Special About 1962 Penny?

In rarity condition, a 1962 D penny with an almond gold tone can be found during the coins struck with silver dime planchet making it high value.

Are 1962 D pennies worth anything?

In uncirculated conditions, they have a value of about five to ten dollars, and a high grade can be three hundred dollars.

What is the most valuable 1962 penny?

  • Most valuable 1962 pennies are
  • PR 69 CAM  sold in 2,021 for $520
  • PR 68 sold in 2,022 for $235.
  • MS 64 RB value is  $44 sold in 2,006
  • MS 67 RD sold 2,013 for 12,000
  • MS 67+ RD sold in 2014 for $8,813.
  • PR 69 DCAM sold in 2005 valued at $2,559
  • AU 58 BN in 2003 for $1,840.
  • AU 58 BN sold in 2003 for $1,840.
  • MS 64 BN sold in 2007 for $1,495.
  • PR 65 RD was sold in 2006 for $1,265.
  • MS 65 RB 2021 =$38

Is a 1962 no mint penny worth anything?

The well-conditioned P mint coins have a value of $0.40 to $3,  and the MS66 grade has a value of 25 dollars. MS67 grade coins sold for 240 dollars and red cent rated MS 67+ was sold for $8,813 at an auction in 2014.

What is the most expensive Lincoln penny?

The series of 1942 Lincoln pennies is considered as high-value coins. There were twenty to forty coins made on copper alloy planchets due to a mistake. Some coins sold for  $1.7 million in 2019.

What is a 1962 penny made of?

Pennies made from 1947–1962 have a composition of bronze (95% copper, 5% tin, and zinc) and weight 3.11 grams.

What year of a penny is 100% copper?

The mint metallic composition of a cent called penny was copper from 1793 to 1837. From 837 to 1857 cetn was made with the use of bronze or 95 percent copper and 5 percent tin and zinc.

 

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