1982 Penny Error – If you are a coin hunter, then you might have already heard about error pennies. Error pennies are a type of pennies that has errors and deviations. These errors and deviations are sometimes caused by exposure damage, clipping, chipping, and environmental damage during its circulations.
However, some rare error is faulty coins from the mintage that are incredibly rare finds.
Now, we are going to discuss the 1982 penny error list that is notable and worth your while hunting. Some of the 1982 penny errors are notable because of their rarities, and oddities.
This error might even be worth more of its value, and even increase the price of the 1982 penny by a lot. If you want to start hunting some error pennies, here is a quick overview of the 1982 Penny value and error list.
The 1982 Lincoln wheat penny isn’t a rare penny at all it is one of the most common pence you can find, and also not valuable compared to any other older antique coins.
Check out the most valuable foreign coins we discussed in the previous article.
The value of the coin is also most likely the same as its initial face value, just one cent ($0.01), while the melting price is just around $0.02. It is not much; however, some of the special error pennies could have more value.
To start things off, let’s take a closer look at the specifications, and also the composition of the 1982 Lincoln penny.
Specifications and Composition of The 1982 Lincoln Penny
To better understand about 1982 us penny value we need to know its specifications, composition, and also origin behind 1982 Lincoln penny.
It is also useful facts and information before knowing about the 1982 penny worth.
So, here are the complete specifications and compositions of the 1982 Lincoln penny.
- Initial face value: $0.01 or 1 cent
- Composition: 99.2% Alloy and 0.8% Copper
- 1982 penny Weight: 3.11 g or 0.109 ounces
- Coin Diameter: 19 mm or 0.75 inch
- Coin Thickness: 0.05 inches or 1.5 mm
- Shape: round
- Edge design: Plain
- Observe side: Bust of US President Abraham Lincoln
- Reverse side: Lincoln Memorial building
What Makes The 1982 Penny Has Its Increased Value?
There are many reasons why the 1982 penny could increase its value. One thing is that it is a 1982 penny error that is rare, and oddities, making some 1982 penny errors have better value compared to the usual penny of the 1982 Lincoln penny.
For example, there are specimens of the 1982 penny no mint mark that has been valued for over $45, and 1982 no mint mark penny is also an error that can be found pretty easily compared with any other antique coins.
So what makes the penny increases its value?
One of the reasons is that there is an error on the surface of the penny. These errors are mostly caused by environmental or exposure damage making the die on the penny surface cracked, split, bumped, or discolored.
Amateur eyes might think that an error penny is worthless, however, it is the opposite because error pennies are very rare.
For example, the 1982 penny values no mint mark, and also bumped die, would leave for more quantity of the metal inside the penny, hence it has a higher value than the normal 1982 Lincoln penny.
Some of the 1982 penny error is quite rare to find and has their rarities and intrinsic value. If you want to know more about the 1982 penny error, here is a list of them, and some of them might even be worth more than you think.
Penny Error List That Is Worth Your Money
Some of the errors might be worth the money, and to help you identify the error pennies, here are a few of the 1982 penny errors that are worth your money.
- 1982 No Mint Mark – 1982 no mint mark penny value at least $5 to %10 depending on the grades and conditions. Many collectors are also sometimes hunting the no mint mark pennies, and therefore it might be best to keep some of them.
- Cracked Die Penny – Some penny has cracked the surface on their die, it is mostly caused by environmental exposure, and few of the 1982 d penny value has increased if it was a cracked die penny.
- Double Die Penny – Double die penny is the minted penny that has a double die and sees it has multiple layers and a double surface. It has been valued at at least %0.6, with an increase in value that could reach $5.
Some 1982 penny error might increase the value of the pennies, however not every error are worthwhile, and some error might not even be worth it at all.
Rarities and Grades of The 1982 Lincoln Penny
Rare 1982 penny value is differentiated between a few grades and rarity. The lowest grade of the 1982 wheat penny is Poor grade or PR. It is graded as cheapest, with the poorest condition, and cheapest value.
The PR grade doesn’t have any changes or improvement on the face value and depending on the conditions of the coin, some of the poor grades couldn’t even be used as a proper coin.
The grades for the 1982 wheat penny value started from ‘Poor’, Good grade, very good grade, extra good, Fine grade, very fine, and extra-fine grade.
After that, there is also AU grade and MS Grade. The highest grade of old coins that can be achieved is the MS grade.
These MS Grade also separated into a few classes MS 60, MS 61, MS 62, MS 63, MS 64, and MS 65 until the highest end grade is perfectly minted MS 70.
FAQ For The 1982 Wheat Lincoln Penny
Hunting for error pennies is hard, and the chances of finding the error penny that is worthwhile for your money are incredibly slim. Even the most experienced coin collectors have a hard time finding error pennies that can be valued over $10 or more.
The more you know about the coin and pennies, the better you could find any error pennies that might be worth the value.
Luckily, we are here to help you, here are a few frequently asked questions that might pop up when you are finding, and hunting error pennies.
I Hope, these few frequently asked questions might help you in your hunt in 1982-d penny value.
What’s a 1982 Penny Worth?
The penny is still a penny after all, so its initial face value is one cent or $0.01, and most of the time you will get the penny with the same value of initial value.
If you decide to melt the penny (which is illegal in some states), the melting price is around $0.02, this melting price could be different based on inflations of precious metal used in the coin itself.
Some 1982 penny could increase their value, depending on their category, rarity, grades, and some error pennies.
This increase in value is also judged based on how the coin looks, and the luster it could be. The most expensive penny is considered a precious gem.
Why Did Pennies Change in 1982?
In 1982, the composition of the Lincoln penny changed, due to the rising, and fluctuations of the price of copper. The value of the copper used as the metal for the penny is increasing, and therefore US Government needs to adjust.
Once the value of copper has risen, to the point of being more expensive than one cent to create such a composition, the government needs to adjust the composition of copper in the Lincoln 1982 penny.
What Does a 1982 Penny Weigh?
The composition of the 1982 penny was 99.2% Alloy and 0.8% Copper, and the 1982 penny’s Weight is 3.11 g or 0.109 ounces, that’s how much a 1982 copper penny weight is. And with certain 1982 penny errors, some might be lighter or heavier.
How Much Are Pre-1982 Pennies Worth
Before the changes in composition, the 1982 penny was made with at least 95% Copper composition, and 5% Zinc or alloy.
With the 95% total amount of copper composition, the pre-1982 pennies are undoubtedly much more valuable, than the current pennies. This is due to the inflation, and rising prices of copper used on the penny itself.
However, even though it was much more valuable, due to the higher amount of copper, doesn’t translate to a higher price.
The price and worth of the Pre 1982 penny value are still determined based on their grading, conditions, category, rarities, and oddities and in some cases, error pennies too.
Looking for More Information About Coins? Check Other Years From This Lincoln Penny ( Coin ) Series:
1959 1960 1961 1962
1963 1964 1965 1966
1967 1968 1969 1970
1971 1972 1973 1974
1975 1976 1977 1978
1979 1980 1981 1982
1983 1984 1985 1986
1987 1988 1989 1990
1991 1992 1993 1994
1995 1996 1997 1998
1999 2000 2001 2002
2003 2004 2005 2006
2007 2008 2009
So, in conclusion, if you want to find the easiest collection, and most common old coins to add to your collection, you can start with the 1982 Lincoln wheat penny.
It is notable the most common, and hence most of the collections might be cheaper for you to purchase.
However, there is also some notable 1982 penny error that can be worth it for a few couple hundred dollars, but with caveats. Finding error pennies are incredibly hard, and finding an error that could be sold for a high price is even harder. If you want to get more information regarding coin hunting, collections and selling, follow us on our official website.