What is the 1964 penny worth? Mint Mark, Error,Types

The 1964 pennies are part of a series made in 1909 for the 16th USA president’s birthday celebration. These pennies are Lincoln pennies since they come with the Lincoln memorial on the reverse side of the coins. The 1909 made pennies wheat pennies that come with two wheat stalks on the backside that were used until 1958 and replaced with the Lincoln memorial. In this post we will go over details for finding the value of a 1965 Lincoln penny and related factors. Let’s get started with how much a 1964 penny is worth.

1964 Penny Value Chart

Grade	Color	Value
MS63	Red	$6
MS63	Red-Brown	$2
MS66+	Red-Brown	$40
MS66+	Red	$60
MS67	Red	$1,100
MS67+	Red	$13,500
Grade	Color	Value1964 D Penny Value
MS63	Red	$6
MS65	Red	$20
MS67	Red	$650
MS67+	Red	$4,750
Grade	Color	1964 (P) Proof Penny Value
PR60	Proof	$6
PR68	Proof	$85
PR69	Proof	$375
PF70	Proof	$12,500
Grade	Coin Type	1964 Special Strike SMS Penny Value
SP60	SMS	$1,300
SP65	SMS	$11,500
SP67	SMS	$20,000
		1964 (P) No Mint Mark Proof Penny Value
PR63		$7
	Cameo	$10
	Deep cameo	12
PR65		$10
	Cameo	14
	Deep cameo	20
PR67		$18
	Cameo	20
	Deep cameo	32

1964 Penny With No Mint Mark Value

The Philadelphia mint made 2.5 billion pennies in 1964, and these pennies do not have a mint mark. Their larger number makes these coins easy to have available in different conditions and have face value. The value of cins is also defined based on colors with grades.

A red 1964 penny without a mint mark for an MS63 grade is about six dollars, and a red-brown MS63 grade is 2.5 dollars.

The 1964 not mint mark MS66+ grade is about 40 dollars.

The red-colored 1964 pennies are high value and rare, and MS66+ grade are about 66 dollars, and MS67 their value reaches to 1000+ dollars.

Red 1964 pennies MS67+ pennies sold for 13500 dollars.

Grade	Color	Value
MS63	Red	$6
MS63	Red-Brown	$2
MS66+	Red-Brown	$40
MS66+	Red	$60
MS67	Red	$1,100
MS67+	Red	$13,500

1964 D Penny Value

The Denver mint made about 3,799,071,500 1964 D pennies, and these pennies come with a D mint mark. The 1964 D with MS67 red color sold for 460 dollars. The 1964 D pennies in MS 67+ sold for 7900 dollars.

The red 1964 D penny with an MS63 grade is about 7 dollars. MS65 1964 D penny is about 17 dollars. A 1964 Denver penny MS67 grade is about 650 dollars.

Grade	Coin Type	Value1964 D Penny Value
MS63	Red	$6
MS65	Red	$20
MS67	Red	$650
MS67+	Red	$4,750

1964 (P) Proof Penny Value

The Philadelphia Mint also made proof pennies in 1964, about four billion, and larger mint makes these pennies easy to find. For making these pennies, a special type of die is used that provides a shiny look for these coins. Proof coins are graded in PR or PF. PR means proof coins that are only made for collectors, not for common circulation. PF or proof-like coins do not use pre-burnished planchets. The 1964 PR 67 D-CAM penny is about $200, and 964 (P) PR 70 D-CAM sold for $12,500.

The proof 1964 penny PR60 grade has a value of about six dollars, and the PR68 1964 proof coin is 77 dollars.

Grade	Color	1964 (P) Proof Penny Value
PR60	Proof	$6
PR68	Proof	$85
PR69	Proof	$375
PF70	Proof	$12,500

1964 Special Strike SMS Penny Value

In 1964, the Philadelphia mint made small numbers of pennies that were called special mint sets that were used for collectors. There is not an exact mintage of these coins known, but a small number were made. So they are high value and not easy to find. The SMS coins, then other coins, come with a stain look, glossy as compared to proof coins. These coins are properly struck and have square edges.

In 1964 there were no other coins made with SMS features; just 1964 SMS pennies were made. In 2019, 1964 SMS MS65 grade coins sold for $11,400.

The SP65 grade coins are about 11,500 dollars, and the SP67+ grade coins are about $20,000.

Grade	Coin Type	1964 Special Strike SMS Penny Value
SP60	SMS	$1,300
SP65	SMS	$11,500
SP67	SMS	$20,000

1964 Penny History

The Lincoln penny was first made in 1909 at the 100th birthday of Lincoln, president, so it is known as the Lincoln penny. These pennies come with two wheat stalks on the back side that make these pennies wheat pennies. This design was used until 1959 and replaced with Lincoln pennies that have the Lincoln Memorial on the backside of the coins. The 1964 penny is also part of the Lincoln Memorial pennies that have the Lincoln Memorial on the backside.

The new design of Lincoln pennies was made by Frank Gasparro. Gasparro, then Assistant Engraver at the Mint. The Lincoln Memorial pennies were used until 2009 and then replaced with the Union Shield on the backside of the coins.

Features of the 1964 Penny

 Obverse of the 1964 Penny

The front side of the 1964 penny comes with a photo of Abraham Lincoln facing right and the motto IN GOD WE TRUST also written on this side. The word LIBERTY is also written with the minting date 1964. The designer’s initial VDB is also written on this side.

Reverse of the 1964 Penny

The back side of the 1964 penny comes with the Lincoln Memorial. In the center of the portico there is a statue of Lincoln. So some coins have images on both sides. The ONE CENT denomination is also written. The country name, UNITED STATES OF AMERICA, is also written. The Latin motto “E pluribus unum means From the many, one.

Some other features of the 1964 penny are

• The 1964 penny comes with a 19 mm diameter, and its weight is 3.11 grams, with 95 percent copper and five percent zinc.

1964 Penny Grading

Grading is a main factor for defining the value of coins, and grades are defined from low grade to high mint state. Poor grades are 1, and in mint state coins can be about 70.

Number	Grade
1	Basal State-1
2	Fair
3	Very Fair
4, 5, 2006	Good
7, 8, 10	Very Good
12, 15	Fine
20, 30	Very Fine
40	Extremely Fine
50	About Uncirculated
60 to 70	Mint State

 

1964 Penny Error List

Penny Struck on Clad Dime (Wrong) Planchet

This error occurs when a coin is struck with the wrong plachet. This error exists for 1964 P-minted pennies where dime planchets were used for coins struck in place of pennies. Due to the different size planchet used, the design is not completely printed on coins. Coins with this error sold for 5750 dollars in 2004 for an MS64 grade.

RPM Error

Older mint marks were added to coins with a manual process, and there are chances of error on coins. So if the first strike is not accurately printed, a repunched mint mark error occurs. This error can be seen on 1064 D pennies where D/D RPOM can be seen and coins with this error MS65 red color sold for ten dollars.

Penny Struck Over a 1951 Penny

Blank disc or planchet used for coins struck, but in this error coin struck on a large planchet. Where 1964 D penny struck on 1951 D penny. So, the 1964 coins come with 1951 D faded over the front side and faded liberty. This error coin sold for 1800 dollars.

Off-Center Penny Error

In this error design of coins, not applied in the middle of coins and shifted from the middle of coins, the percentage of this error defines the value of coins. The value of coins based on percentage off center about ten percent off center is low value, and coins with 50 percent and higher off center are high value.

Most valuable 1964 pennies

• 1964 Lincoln Cent Value =  MS-67 RD sold for $7,931 in 2010.
• 1964-D Lincoln Cent Value = MS-67 sold for 4,025 in 2012.
• 1964 Proof Lincoln Cent Value= PR-70 sold for $2,585 in 2017.

1960s Coin Shortage Affects Mint Marks

• At the start of the 1960s, the high prices of silver made coins, dimes, half dollars, quarters, and dollar coins high-value coins. As a result, people started hoarding these coins. As a result, shorted the coins for common circulations.
• As a result, the shortage of coins, silver and copper coins such as Lincoln pennies, in the resulting compositions changed for cents.
• As a result, Mary Adams mint directors removed mint marks from all coins in 1964 except the Denver mint for making them less attractive for collectors. In result, 1965 to 1967 does not have a mint mark. In 1968, again, a mint mark was added when coins shorted cleared.

FAQs

Is the 1964 penny rare?

• 6.5B pennies were made in 1964, and larger numbers make them less rare, but some other high-grade and mint state coins are rare and high-value coins.

How can I tell if my 1964 penny is valuable?

• For finding the value of 1964, check the error on coins, mint mark, and conditions. The 1964 D mint mark coins with any error can be sold for face value or higher in excellent conditions.

What is the rarest 1964 penny?

• The 1964 uncirculated conditions penny is about two dollars, and circulated conditions are one cent. The 1964 SMS pennies are rare with an MS68 grade and have a value of about 27,500 dollars. The 1964 D penny sold for 10,000 dollars in auction.