The 1983 Lincoln Memorial Cent marks an important period in U.S. coinage history. While most of these pennies are still in circulation, certain varieties of the 1983 Lincoln Cent, especially those with minting errors, have gained significant value among collectors.
This article will guide you through the history, key varieties, and what makes these pennies potentially worth thousands of dollars.
Contents
Background of the 1983 Lincoln Memorial Cent
The 1983 Lincoln Memorial Cent was part of a larger transition in U.S. coin production. In 1982, the U.S. Mint began using a new composition for the penny, switching from the traditional 95% copper to a 97.5% zinc core with a copper plating.
This change was primarily driven by rising copper prices. The 1983 Lincoln Memorial Cent was the first full year of production with this new alloy and remains one of the most commonly circulated coins.
However, due to production anomalies and minting errors, certain 1983 Lincoln pennies have become highly sought after by collectors, particularly those with double die errors or bronze planchet variations.
Key Varieties of the 1983 Lincoln Memorial Cent
The 1983 Lincoln Memorial Cent includes two key varieties that are especially valuable: the Doubled Die Reverse (FS-801) and the rare 1983 Bronze Cent. These varieties are unique and can command high prices at auction.
| Coin Variety | Details | Value Range |
|---|---|---|
| 1983-D Doubled Die Reverse (FS-801) | Obverse features clear doubling on the word “Liberty” and the date. | $100 – $500 (MS64) |
| 1983 Bronze Cent | Minted on a copper planchet instead of zinc, very rare. | $23,500 – $30,000 (depending on condition) |
The 1983-D Doubled Die Reverse (FS-801)
One of the most famous varieties of the 1983 Lincoln Memorial Cent is the Doubled Die Reverse (FS-801). This rare error occurs when the coin’s design is struck multiple times, leading to a noticeable doubling effect on certain elements of the coin.
The doubling on the reverse side is most visible on the inscription “E Pluribus Unum” and “One Cent,” and is highly prized for its dramatic effect.
The FS-801 variety can command a premium based on its condition. Well-preserved examples in Mint State can fetch prices as high as $500 or more.
The 1983 Bronze Cent – A Rare Transitional Error
Another significant variety of the 1983 Lincoln Memorial Cent is the 1983 Bronze Cent, which was struck on leftover copper planchets from the previous year.
The U.S. Mint intended to use zinc-plated steel for these pennies, but a small number of them were struck on copper planchets, creating a valuable off-metal error coin.
The 1983 Bronze Cent is rare, with only a handful of examples known to exist. The coin’s value can range from $23,500 to $30,000, depending on the condition and authenticity.
The coin’s copper color is the most significant identifying feature, and it differs from the normal zinc-plated penny by both weight and appearance.
How to Identify the Rare 1983 Lincoln Memorial Cent
To determine whether your 1983 Lincoln penny is rare, follow these simple steps:
- Examine the Date and Mintmark: The 1983 date is crucial. The mintmark for these coins will either be “D” (for Denver) or none (for Philadelphia).
- Check the Reverse: Look for signs of doubling or misstrikes on the reverse design. If you notice doubled letters or other anomalies, you may have found the Doubled Die Reverse variety.
- Conduct a Magnet Test: Since the 1983 bronze penny is made of copper, it will not be attracted to a magnet, unlike the regular zinc-plated steel pennies.
- Weigh the Coin: If the coin weighs 3.11 grams (compared to the standard 2.5 grams of a zinc penny), it may be a bronze cent.
Why Are These Coins Valuable?
The primary factors contributing to the high value of the 1983 Lincoln Memorial Cent are:
- Rarity: The 1983 Bronze Cent is extremely rare, with only a few known specimens.
- Minting Error: The Doubled Die Reverse variety is a sought-after error coin, and minting mistakes like these are often valued highly by collectors.
- Historical Significance: The 1983 penny represents a transitional moment in U.S. coinage, making these coins significant to collectors who appreciate U.S. history.
The 1983 Lincoln Memorial Cent is a significant coin in U.S. numismatics, particularly for its rare varieties like the Doubled Die Reverse and 1983 Bronze Cent.
These coins not only reflect a pivotal moment in U.S. coin history but also offer collectors the chance to own a piece of U.S. minting history.
Whether you’re a seasoned collector or a newcomer, keep an eye out for these rare pennies—they might just be hiding in your spare change!
FAQs
How many 1983 bronze pennies are there?
There are fewer than 10 known 1983 bronze pennies, making them extremely rare and valuable.
How much is a 1983 Doubled Die Reverse penny worth?
A 1983 Doubled Die Reverse penny can be worth $100 to $500 depending on its grade, with the highest quality examples selling for more.
How can I tell if my 1983 penny is a bronze cent?
Check for the coin’s weight (it should be 3.11 grams), color (it should appear coppery), and conduct a magnet test. If it doesn’t stick to a magnet, it may be a bronze cent.
