1971 Penny Value Guides (Error List, History, “D”, “S” & No Mint Mark)

The value of a 1972 Lincoln penny for average condition is about one cent and in mint state can have a value of about eight dollars. Most 1971 pennies circulated condition have a value about the weight of copper. The current copper melted value for every penny is about 0.02 dollars. These coins sold for high value in uncirculated condition. The 1972 penny with no mint mark has a value of about one dollar in uncirculated condition. Let’s get started with 1971 Penny Value Guides (Error List, History, “D”, “S” & No Mint Mark).

1971 Penny Value Guides

Features of 1971 Penny

  • Its weight is 2.5 grams and its diameter is 19.05 with a thickness is 1.52 mm
  • It has a smooth edge.
  • It is made with 95% Copper (Pre-1982), 97.5% Zinc, and 2.5% Copper (Post-1982).
  • its design was made by front side Victor D. Brenner and the reverse was made by  Lyndall Bass.

1971 Penny Front

The obverse of the 1971 penny comes with a photo of Lincoln 16th US president. It has the word In God We Trust written over it. With that date is also added with mint mark D or S. P minted coins do not have mint marks. The 2017 P was a coin that was made at P Mint with a mint mark on the anniversary of the 225th US Mint.

1971 Penny Back (Reverse)

The back side of these coins has the Lincoln Memorial which was added to Lincoln pennies in 1959 before that two wheat stalks were on the coins. The Words UNITED STATES OF AMERICA are also written on the coin back with ONE CENT DENOMINATION.

1971 Penny History

The first time Lincoln pennies were made was in 1909 on their 100th birthday as a replacement for Indian head coins.  After that years the front side of this coin has a photo of 16th US President Lincoln. There were 5,358,889,792 1971 pennies made out that  1,919,490,000 are 1971 no mint mark penny,  525,133,459  1971 S penny,  3,220,733 1971 S proof penny and 2,911,045,600 1971 D penny. These coins were made by Victor David Banner and his initial was added on coins until 1959. The front design of the coins Lincon photo and back was two wheat stalks that were changed on 150 Lincoln’s birthday. At the starting time of creation, these coins came with 95 percent copper but changed Composition to zinc steel plated in 1943 at the time of WWII. After that US Mint started copper alloy pennies. On the 1971 pennies, there is a photo of the Memorial on the back side. There were 5 billion pennies made in 1971.

1971 Penny Value Chart

1971 Penny Value Chart

1971 Penny MS63 MS65 MS67 MS67+
1971 (P) No Mint Mark Penny RD $11 $20 $185 $4,600
1971 D Penny RD $6 $22 $275 None
1971 S Penny RD $10 $18 $300 $1,650

1971 No Mint Mark Penny Value

  • Lincolne pennies were made on the anniversary of the president and have a photo on the front side. Design made by Victor D. Brenner and Frank Gasparro. On the back side, these coins have the Lincoln Memorial.
  • its composition is 95% copper, 5% zinc with 19mm dia, and 3.11 grams weight. Its face value is 0.01 dollars

5,355,669,069 1971 Lincoln penny made by S, P, and D mint. Mostly made by D mint not by P as other pennies are made. P mint made more than two billion 1971 Lincoln Memorial cents. Mostly coins come with mint marks S and D but P-minted coins do not. Philadelphia made 1,919,490,000 Lincoln Memorial pennies. The high number of pennies means that coins are easily available and can be got in different conditions. That also makes P-minted coins low-cost and less rare. Their face value is low also for excellent condition. The 1971 no mint mark Lincoln penny is of high value in Mint State specifically for MS64 and high. But if a coin has a rare error value can be several thousand.

1971 No Mint mark Grade Price Range UNcirculated
MS 64 $10 – $13
MS 65 $20 – $40
MS 66 $20 – $50
MS 66+ $20 – $50
MS 67 $150 – $200
MS 67+ Several thousand dollars
MS 67 (RD) $4,406

1971 D Penny Value

These pennies are made at D Mint and have a D Mint mark on the back side below the date. The 1971  D mint pennies have a value of about one cent due to the larger number creation. Uncirculated coins for high grades will have a high value. The mint-state coins up to MS64 are less valuable than P-minted coins and have high value for MS64+ grades.

  • 1971  MS65 Red, Gem= 22 dollars
  • 1971 DMS67 Red, Gem= $275 275 coins are exists for this grade

1971 S Penny Value

The value of S minted 1971 pennies for the circulated condition is about copper weight. Low-graded red coins.

Mint Mark Grade Price Range Uncirculated Details
$0.30 grad red coins
$0.40 to $2 Good-ranked red coins
MS 66 $16
S MS 67 $130 Regular strikes MS 67 grade
S MS 67+ $4,500 High regular coin S mint, sold on eBay in 2013

1971 S Proof Penny Value

  • PR 69 DCAM = $2,800
  • PR 68 = $20 – $40
  • PR 68 DCAM = $20 – $40
  • PR 69 = $3 – $6
  • PR 69 DCAM= $3 – $6
  • PR 69 DCAM= $17,250 (Recorded in 2014)
  • PR 64 = $7
  • PR 66 = $10
  • PR 66 Cameo = $15
  • PR 66 Deep Cameo = $16
  • PR 68 = $20
  • PR 68 Cameo= $20
  • PR 68 Deep Cameo = $80
  • PR 69 = $32
  • PR 69 Cameo =$100
  • PR 69 Deep Cameo = $4,100

1971 Penny Rare Errors List

1971 Penny Double Die Obverse Error 

This type of error commonly exists in 1971 no mint mark penny and 1971 S proof pennies. The double die obverse error exists on the front and is defined as the duplication of different components on coins due to a die strike on coins. This error can easily be found by checking two slightly offset images on coins. Doubling can seen in WORD LIBERTY and the US motto“IN GOD WE TRUST.” The coins with double die obverse and high mint are rare. 

  • 1971 No Mint Mark MS 63 = $350
  • No Mint Mark MS 65 = $1,000
  •  MS 66 = 15000$ record set in 2011
  • S Proof PR 66 with RD and DCAM = $2,700

Struck Through Error

If there is anything between the die and the planchet in the minting process it results in the struck-through error. The external object presses between the die and the planchet. The pressed component can be seen on different parts of a penny. 1971 D Lincoln cent with this error on the reverse was sold for $74 in 2020.

Double Strike Off-Center

It occurs when coins are not eliminated from the die when finishing the first strike and are struck 2nd-time off center. It is a common type of doubling strike error that has some part of the design struck off-center. The off-center error comes with the planchet part without design. In double strike off center first design visible component. The 1971 D Lincoln cent having 85 percent double struck off center sold for  $101 in 2014.

1971 S Proof Penny Double Die Obverse

The double die error also exists on 1971 proof struck in S mint coins. There are three different types of coins for this error that are FS-032 (FS-101), FS-033 (FS-102) and FS-034 (FS-103). The doubling effect can be seen in the words LIBERTY, the motto IN GOD WE TRUST, and also on a date. The red 1971 S proof double die obverse coin with MS68 grade has a value of about 1000 dollars. And coins with this grade sold for 1500 dollars. In the auction record 1971 S penny of type FS-032 (FS-101 with MS64 grade sold for 748 Dollars in 2007.

Most Valuable 1971 Lincoln Cents/Pennies

  • S DCAM PR 69= $17,250
  • RD DDO MS 66 =$14,950
  • RD DDO MS 65 =$10,925
  • S CAM DDO PR 68 = $9,775
  • S CAM PR 68 = $4,700
  • S RD MS 67+ = $4,500
  • RD MS 67+ = $4,406
  • S DCAM PR 69= $3,600
  • S CAM DDO PR 67 = $3,220
  • S RD DDO PR 68 = $3,000
  • S RD DDO PR 67 = $2,990
  • S RD PR 68 = $1,725
  • S CAM PR 67 = $1,438
  • D RD MS 67 = $1,380
  • S DCAM DDO PR 67 = $764
  • D RB DDO MS 62 = $1,265
  • S RD DDO PR 66 =$748
  • S BN PCGS Genuine = $510
  • RD DDO MS 64 = $353
  • BR MS 63 = $276
  • S RB MS 62 = $219
  • RB DDO MS 64 = $207
  • BN NGC Genuine =$200
  • S BN DDO PR = $200
  • D BN MS 63 = $199
  • BN DDO MS 64 = $173
  • D RB Double Struck  MS 60 = $101

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Faqs

Is there something special about a 1971 penny?

Most 1971 pennies are not high value and have zero melted value, some coins are rare and high value. The 1971 pennies are special for high-grade and double-die errors. With error have a high value.

What makes the 1971 penny valuable?

Grade is important to make coins high vaue and minted coins are also high value. After that coins with color designation are valuable specially red colors 1971penny.  DCAM or deep cameo is also high-value

Why is the 1971 penny rare?

The most 1971 pennies are common. Rare can be some coins with errors and that made with the high minted state having doubled die obverse are rare.

How much is a 1971 no-mint penny worth?

The 1971 no-mint mark has a value equal to face value but has a high value for the mint mark. For the MS60 grade the value is 0.25 dollars and for the MS67 grade has a value one twenty-five dollars.

  • MS60= 0.20 dollars
  • MS61+ 0.25 to 8 dollars
  • MS67= 125 dollar

What Are The Most Valuable Lincoln Cents/Pennies?

  • 1943 D Lincoln Bronze Wheat Penny MS 64 = $2.3 million
  • 1793 – Strawberry Leaf Cent = $862,000
  • 1944SSteel Wheat Penny MS 66 =$408,000
  • 1943 S Lincoln Cent Struck on Bronze MS 63= $282,000
  • 1909 – VDB Matte Proof Lincoln Penny = $258,000
  • 1943 D Brown Bronze Penny (Wrong planchet error) MS 64 = $840,000
  • 1958 – Doubled Die Obverse Cent = $224,831.
  • 1943 S Brown Bronze Penny MS 63 = $504,000
  • 1944 S Steel Penny MS 66 = $408,000
  • 1999 – Penny (Die error) MS 66 = $138,000
  • 1969 S Penny (Die error) MS 64 (DDO) = $126,500
  • 1856 – Flying Eagle Cent = $172,500
  • 1914 D Lincoln Penny = $159,000
  • 1864 – Indian Head Penny (“L” on Ribbon) = $161,000

Is A 1971-S Penny Rare?

The 1971 S penny was made by S Mint. S pennies have fewer numbers than P and D mints. But I have several more than half a billion so not rare. The error makes them rare. They were doubling effect on letters the United States of America” and “Liberty”. Coins with this error are and can be valuable.

Is a 1971 penny made of copper?

They come with 95 percent copper so 1971 US pennies have a higher value than face value normally of two cents. Some coins have a value of about $11,000

 

 

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