While most coins jingle in our pockets at face value, certain rare specimens can be worth significantly more. Among these, the 1998 Wide AM Lincoln Penny stands out, with some fetching up to $8,000. Let’s delve into this intriguing coin and explore other valuable treasures you might find in your everyday change.
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The 1998 Wide AM Lincoln Penny
In 1998, a minting anomaly led to the creation of the “Wide AM” Lincoln penny. Typically, the letters “A” and “M” in “AMERICA” on the reverse side of the penny are closely spaced. However, due to a die mix-up, some pennies featured a noticeable gap between these letters, known as the “Wide AM” variety.
Identification Tips:
- Reverse Side Inspection: Examine the space between the “A” and “M” in “AMERICA.” A clear gap indicates a Wide AM.
- FG Initials Position: The designer’s initials, “FG” (Frank Gasparro), should be positioned farther from the Lincoln Memorial on Wide AM varieties.
Value Insights:
The value of a 1998 Wide AM penny varies based on its condition:
- Circulated Condition: Approximately $10.
- Uncirculated (Mint State): Values can range from $25 to over $5,000, with top-grade specimens fetching the highest prices.
Other Valuable Coins to Watch For
Beyond the 1998 Wide AM penny, several other coins in circulation are highly sought after by collectors:
1999 Wide AM Lincoln Penny
- Description: Similar to the 1998 variety, this penny features a wide gap between the “A” and “M” in “AMERICA.”
- Value: In uncirculated condition, it can command prices up to $540.
1992 Close AM Lincoln Penny
- Description: This rare penny displays the “A” and “M” in “AMERICA” almost touching, contrary to the typical wide spacing for that year.
- Value: Depending on condition, these pennies can be worth between $500 and $25,000.
1969-S Doubled Die Obverse Lincoln Penny
- Description: Features a prominent doubling of the date and inscriptions on the obverse side.
- Value: Extremely rare, with some specimens valued over $24,000.
1983 Doubled Die Reverse Lincoln Penny
- Description: Exhibits noticeable doubling on the reverse side, particularly on the inscriptions.
- Value: In mint condition, these can be worth around $400.
1984 Doubled Die Obverse Lincoln Penny
- Description: Shows clear doubling on Lincoln’s ear and the inscriptions on the obverse.
- Value: Values can reach up to $250 in uncirculated condition.
1995 Doubled Die Obverse Lincoln Penny
- Description: Features doubling on the inscriptions on the obverse side.
- Value: Typically worth around $50 in mint state.
1972 Doubled Die Obverse Lincoln Penny
- Description: Displays significant doubling on the date and inscriptions on the obverse.
- Value: High-grade examples can fetch up to $700.
| Coin Type | Key Feature | Approximate Value (Uncirculated) |
|---|---|---|
| 1998 Wide AM Lincoln Penny | Wide gap between “A” and “M” in “AMERICA” | Up to $5,000+ |
| 1999 Wide AM Lincoln Penny | Wide gap between “A” and “M” in “AMERICA” | Up to $540 |
| 1992 Close AM Lincoln Penny | “A” and “M” in “AMERICA” almost touching | Up to $25,000 |
| 1969-S Doubled Die Obverse Penny | Doubling of date and inscriptions | Over $24,000 |
| 1983 Doubled Die Reverse Penny | Doubling on reverse inscriptions | Around $400 |
| 1984 Doubled Die Obverse Penny | Doubling on Lincoln’s ear and inscriptions | Up to $250 |
| 1995 Doubled Die Obverse Penny | Doubling on obverse inscriptions | Around $50 |
| 1972 Doubled Die Obverse Penny | Doubling on date and inscriptions | Up to $700 |
Tips for Identifying Valuable Coins
- Use Proper Lighting: Good lighting helps in spotting anomalies and errors.
- Magnification Tools: A magnifying glass or jeweler’s loupe can assist in identifying minute details.
- Consult Reliable Resources: Refer to reputable coin guides and websites for comparison and validation.
FAQs
How can I tell if my penny is a Wide AM variety?
Examine the reverse side of the penny. If there’s a noticeable gap between the “A” and “M” in “AMERICA,” it’s a Wide AM variety.
Are all 1998 pennies with Wide AM valuable?
While the Wide AM variety is rarer and more valuable than the standard, the exact value depends on the coin’s condition and grade.
What’s the best way to preserve valuable coins?
Store them in a cool, dry place using protective holders or coin albums to prevent damage and maintain their condition.
Where can I sell my rare coins?
Consider reputable coin dealers, auction houses, or online platforms specializing in numismatics.
