The 1967 Lincoln Memorial penny is a very commonly used coin and comes with about 3,048,667,100 mintage. They have a higher worth than their face value instead of a large number of mints. These old pennies are made with 95 percent copper and five percent zinc. Due to increases in the price of copper in some past years, copper used in the 1967 penny also has higher prices than its face value. Some coins in good condition come with a very high worth—about double their face value. The value of a worn and affected penny is about two cents, and for uncirculated conditions, ten to 20 cents. The most valuable 1967 penny having MS67 RD grade was sold for $4,945 in a 2008 auction. Let’s get started with How Much Is 1967 Penny Value and Worth?
1967 Penny History
In the 1960s, there was a shortage of coins, and the US Mint thought to make new coins to fulfill the increased demand. From 1965 to 1967, Mind made coins without mintmarks, so we do not know which mint made the coins. The mint also added a date so that 1964 silver coins would continue to be struck. The new nickel-clad coins have the date 1965 and were also struck at that time. This measurement was used by the US Mint to decrease the attraction of coins, which was the objective of the mint. The 1967 penny is unique because 1967 was the first year that years were struck on coins. As of 1967, pennies were made in the same years, but 1964 and 1965 continued to be made in other years. It said that, as a coin made in the early 1960s, the 1967 penny did not have a mint mark. The P mint made about 907,575,000, the S mint made 813,715,000, and the D mint made 1.327,377,100.
The mint used on the old obverse hub to make the 1967 penny resulted in the rough photo of Lincoln. His clothes, bear, and hair were hard to see on a coin. The mint replaced old hubs and used new ones to make an easily visible photo of Lincoln with details. The Mint introduced the three billion 1967 pennies in circulation and made these coins common, which affected their value. The resulting coines have 95 percent copper and five percent zinc.
1967 No-Mint Mark Penny Value
The Lincoln penny does not have a mint mark, though the famous three mints P, S, and D have made 1967 Lincoln pennies. As these pennies do not have mint marks, it is not easy to know which mint made that penny. There are about 3 million coins in circulation that can be easily accessed, and many people have them at a low cost. 1967 circulation coins have a higher worth than their face value. The Lincoln penny is made with 95 percent copper and 5 percent zinc. Coper costs are increasing, so increase the penny value. The circulated 1967 penny has a value of about 0.1 to 0.2 dollars. Pennies created for circulation but not used are called uncirculated coins and have a value of about ten to 20 cents for one 1967 coin.
1967 SMS Penny Value
The US Mint made a certain type of coin in 1967 called a special mint set, or SMS. The 1967 special mint set comes with five coins with a 1967 SMS penny and also has some 1967 nickels, dime quarters, and half dollars. These special Lincoln pennies also come with copper but have high value due to their special look and are minted in limited numbers. The US made about 1,863,344 SMS sets in 1967. The value of the 1967 SMS penny is about 50 cents to $1. The most valuable SMS penny, graded SP68RDDCAM, sold for $5,581.25 in a 2014 auction.
1967 Penny Errors
1967 Doubled Die Penny
The double die error is highly preferred by collectors since many double die errors have high value, such as the 1972 penny. The doubled die error comes when the hub strikes the design double on the die, and the die then has a double effect on the coin. For a doubled die error to have a high value, it must be clear and easy to see. The rough double die that is not easy to see does not have a high value. Many 1967 double-die pennies come with clear and easily accessible errors. Some 1967 pennies have minor doubling on the year and letters on both sides. Based on error quality, the 1967 double die penny has a value of about twenty to fifty cents.
1967 Die Crack And Die Break Penny
If an old, damaged, and broken die is used to strike coins, these cracks will shift to coins and can be seen on the surface of the coins as lines or small holes and marks. The value of the error will be based on the size of the crack and the point where it is located. There are many types of die cracks, and their value depends on the crack extent. Dide cuds are highly valuable die cracks. The 1967 die-cut error coins have a value of about $100.
1967 B.I.E. Error Penny
The BIE error is applied to Lincoln pennies and is a very common type of error. BIE is a small die crack that shows vertically between the B and E letters of the word LIBERTY on the front side of the coin. The error looks like the capital I letter but is a vertical crack made with a crack on a die that struck on the Lincoln 1967 penny. Though BIE errors are common but have a high value based on the coin condition, the value of the 1967 BIE error penny is $5 to $15.
How much is a 1967 Lincoln Penny worth?
The average circulated condition of coins is about 35 cents; a certified mint will have a value of about 30 dollars. This cost is not a reference for any standard coin-graded scale. So if we say average circulation, that means it is in the same condition as other coins circulated in 1967, and the mint states that it is certified by MS+.
1967 Lincoln Penny Features
- it weights 2.5 grams and has a diameter is 19.05 mm
- Thickness is 1.52 mm with a smooth edge.
- It is made with the use of 95% copper pre-1982, 97% copper, and 3% zinc after 1982
- Its design is made by Victor D. Brenner (obverse), and Lyndall Bass (reverse).
1967 penny front (obverse):
The front side of this penny comes with a photo of Lincoln, who was the 16th president of the USA. The word God, we rust is written over the photo on the coin. The data is written with a mint mark. If there is no mint mark, it means P.M. made these coins. 2017 is the only year that has a P mint mark to honor the 225th anniversary of the USA mint.
1967 penny back (reverse):
The back side of this coin comes with a Lincoln Memorial design. Clean lines on steps and buildings define a good grade. In 1958, the Lincoln Memorial was replaced with the back side of coins that had wheat cents.
How Do I Know If My 1967 Penny Is Worth Money?
The 1967 Lincoln penny has a value of less or higher, but its face value will be from 0.05 to 0.10 dollars in circulated condition. The coin can be of high value if it has a mint state and is part of a 1967 special mint set. The special mint set Pnnyes is good-looking, not marked or damaged, and bright reddish-brown.
Is it a 1967 Penny Pure Copper?
The 1967 penny has 95 percent copper and five percent zinc. The US Mint stopped making silver pennies in 1964 since the coin shortage and prices of silver increased and were difficult to use in the mint.
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