Coin collecting has been an enduring hobby and investment for enthusiasts worldwide. One of the popular coins within the world of numismatics is the 1962 D Lincoln Memorial Cent. The 1962 D penny value could vary greatly, depending on its condition, scarcity, and potential errors.
Here, we will delve into the value, worth, and renowned errors of the 1962 D Lincoln Memorial Penny that you can watch out for in 2023.
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The 1962 D Lincoln Memorial Cent is a one cent coin issued by the United States Mint. Named for the depiction of Abraham Lincoln on its front, and the Lincoln Memorial on its back, it’s a piece of American history that often garners interest from coin enthusiasts. 2 weeks ago we wrote a detailed guide on Jefferson 1943 S Nickel Value, Worth, Error.
Copper Alloy Penny
Like many U.S. pennies minted in the mid-20th century, the 1962 D Lincoln Memorial Cent is made from a copper alloy. It consists of 95% copper and 5% tin and zinc. This metal composition contributed to the penny’s distinct color and weight.
1962 D Lincoln Penny Specifications
Type: Lincoln penny
Year of minting: 1962
Mint Mark: D
Place of minting: Denver
Quantity produced: 1,793,148,400
Face Value: $0.01 (one cent)
Price: $0.01 to $7.00 (or more)
Mass: 3.11 grams
Edge: Plain
Designer: Victor D. Brenner (obverse) / Frank Gasparro (reverse)
Composition: 95% copper and 5% zinc
Diameter: 19.05 mm
Thickness: 1.52 mm
Information source: rester.org
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How Much is a 1962 D Penny Worth Today & Value Chart?
1962 Lincoln Penny values chart: | |||||
Coin | Condition | Grade | Mintage | Value | |
1962 D Lincoln penny | Circulated/mint | Not graded | 1,793,148,400 | $0.01 to $7.00 | |
1962 D Lincoln penny | Uncirculated/mint | MS-65 | 1,793,148,400 | $7 to $10 | |
1962 D Lincoln penny | Uncirculated/mint | MS-66 | 1,793,148,400 | $9 to $46 | |
1962 D Lincoln penny | Uncirculated/mint | MS-67 | 1,793,148,400 | $299 to $1,560 | |
1962 P Lincoln penny | Circulated/mint | Not graded | 606,045,000 | $0.01 to $7.00 | |
1962 P Lincoln penny | Uncirculated/mint | MS-65 | 606,045,000 | $7 to $19 | |
1962 P Lincoln penny | Uncirculated/mint | MS-66 | 606,045,000 | $25 to $40 | |
1962 P Lincoln penny | Uncirculated/mint | MS-67 | 606,045,000 | $180 to $1,080 | |
1962 Proof Lincoln penny | Circulated/proof | Not graded | 3,075,645 | $0.01 to $7.00 | |
1962 Proof Lincoln penny | Uncirculated/proof | PR-67 | 3,075,645 | $10 to $66 | |
1962 Proof Lincoln penny | Uncirculated/proof | PR-68 | 3,075,645 | $9 to $66 | |
1962 Proof Lincoln penny | Uncirculated/proof | PR-69 | 3,075,645 | $15 to $160 |
The 1962 D penny value can vary considerably depending on its condition, mint errors and other factors. Generally, a circulated 1962 D penny in average condition might fetch anywhere from 20 cents to a dollar. However, those in higher condition grades can be worth substantially more. For instance, uncirculated pennies in mint state (MS) condition might sell for a couple of dollars or more. The emphasis here is on ‘mint state’ coins, which are practically untouched post-production and rarely, if ever, used in circulation.
Every now and then, an uncirculated 1962d Lincoln penny value may elevate drastically if any mint errors are noted.
1962 Penny Error List
Certainly, here’s a list of common errors you might find on a 1962 penny, without the references:
- Double Die Obverse: This error is typically visible in the lettering or numerals on the front of the coin. Look for apparent doubling or overlapping in the text “LIBERTY”, “IN GOD WE TRUST”, or in the year.
- Repunched Mint Mark: This error occurs when the mint mark has been stamped onto the coin more than once, resulting in a doubled appearance. This would typically be found on coins from Denver or San Francisco, as the no mint mark Philadelphia pennies of 1962 would not exhibit this.
- Die Clash: This happens when the obverse and reverse dies strike each other without a coin blank in between. The result can be design elements from one side appearing in relief on the other.
- Off-Center Strikes: These occur when the penny blank is not properly aligned when it’s struck, which can lead to misaligned or incomplete designs.
- Errors on “LIBERTY”: On some 1962 pennies, there might be anomalies or errors visible in the small text of the word “LIBERTY”.
Read More: Jefferson 1958 Nickel Values & Prices
Frequently Asked Question
What Makes a 1962 Penny Valuable?
The value of a 1962 penny is determined by factors such as its condition (uncirculated examples are more valuable), possible errors or varieties (such as double die obverse), and its rarity.
How Much is the Value of a 1962 Penny?
A typical circulated 1962 penny is worth its face value, but an uncirculated 1962 penny can be worth 10 cents to $1 or more, depending on its grade.
Is a 1962 Penny Made of Copper?
Yes, a 1962 penny is made of a bronze alloy, which consists of 95% copper and 5% zinc and tin.
How Much is a 1962 D Lincoln Cent Worth?
A circulated 1962-D penny is generally worth its face value. The value increases for higher-graded uncirculated examples, which can range from around 20 cents to $35 or more.
Are 1962-D Pennies Rare?
No, 1962-D pennies are not considered rare, with a mintage of over 1.7 billion coins.
Is the D Penny Rare?
A “D” penny from specific years can be rare and valuable, but it ultimately depends on factors like mintage, condition, and errors or varieties.
What is the Highest Value of a Penny?
The 1943-D bronze penny holds the record for the highest value, with a specimen selling for $1.7 million.
What Does the D mean on a Penny?
The “D” on a penny means that it was minted at the Denver Mint.
Why is the D Penny Worth so Much?
The value of a “D” penny depends on factors such as its rarity, condition, and whether it has any minting errors. Certain years can be more valuable due to low mintage numbers or popular errors.
Are P or D Coins More Valuable?
Generally, the value of “P” (Philadelphia) or “D” (Denver) coins depends on individual coin factors such as rarity, condition, and errors. However, some collectors consider coins from the San Francisco Mint (marked with “S”) more valuable due to their lower mintage numbers.
How Can You Tell if a Penny is D or S?
The mint mark, either “D” for Denver or “S” for San Francisco, is found below the date on the obverse (front) side of the penny. If there is no mint mark, the penny was produced at the Philadelphia