1964 Penny Value – Little moments in history are represented by coins. Coins tell stories, which is why collectors love them. They are passed from hand to hand and utilized from purchase to purchase. The sentimental worth of a coin from a particular year can make all the difference in its worth, even if it has little monetary worth.
The metal value of the 1964 penny, like that of most pennies produced between 1962 and 1982, exceeds the face value and is worth about 2c. The 95% copper and 5% zinc composition of the 1964 Penny value makes it weigh roughly 3.11g.
Thousands of dollars can be made from a little copper penny. The world’s rarest and most valuable pennies have values in the hundreds of thousands and millions of dollars. A penny’s value is determined primarily by its rarity.
Condition is another consideration; coins that have been out of circulation for a long period may retain their original color and delicate characteristics, increasing their worth significantly. Some coins increased in value simply due to the fact that they were produced unintentionally, similar to the bronze Lincoln penny from 1943.
Throughout its existence, the Lincoln Memorial cent underwent several composition upgrades.
It was changed to 95% copper and 5% zinc in 1962 ( see 1962 penny error list ), after beginning in 1959 with 95% copper and 5% tin and zinc.
In 1982, it was changed to a composition of 97.6% zinc and 2.4% copper, which was again altered in 1982.
Until 2009 ( see 2009 penny error ), when a special penny honoring the bicentennial of Lincoln’s birth was issued, the Lincoln Memorial cent was minted. The Shield cent was introduced the following year. The Lincoln Memorial cent, on the other hand, continues to be a ubiquitous coin, even though it is no longer the most common.
History Of The 1964 Lincoln Memorial Penny
With over 6 billion cents produced in 1964, it was a banner year for the penny. This year, two cities produced pennies: Philadelphia and Denver. The two sites produced the most cash: 3,799,071,500. This year’s Philadelphia mintages display no mint mark, and coins from Denver are marked with a “D” on the reverse.
In reality, before the mint marks were eliminated as part of the Coinage Act of 1965 to avoid excessive cent-piece hoarding, the 1964 pennies are the final pennies to feature mint marks. Just three years later, in 1968, the scars would be restored.
Another consequence of the legislation was that 1964 coins were produced using pennies created before 1965. As a result, many of the 1964 pennies in circulation today were produced the following year.
The 1964 penny is composed of 95% copper and 5% zinc, as part of a series of cent coins produced between 1962 and 1982. The 1964 penny weighs 3.11 grams and has a diameter of 19mm, which is also standard for these coins.
How Much Is A 1964 Penny Worth With No Mint Mark?
According to the current melt value of copper, which is $0.02, the 1964 penny value will be worth that much. If the pennies are in an uncirculated state, you may only be able to sell them for a premium. The penny will not be worth more than $0.15 in uncirculated conditions, however, even if the grade is MS-63RB.
In contrast, if the penny is uncirculated and has an MS-65RG grade, it will not be worth more than a dollar in value. As a result, this isn’t going to be worth much. Of course, you may still sell the currency if you choose.
What Is The Worth Of The 1964 SMS Penny?
Thankfully, the 1964 SMS penny is worth thousands of dollars due to its high value. It might be worth at least five thousand dollars if you have this penny in excellent shape and a high grade. This can be sold for a large profit very quickly.
These pennies, on the other hand, are uncommon and have already been collected by collectors. Of course, if you ever find this penny, please don’t let go of it. You may then sell it for thousands of dollars without much work after that.
What Is The 1964 SMS Penny?
The Penny of 1964 SMS has a fascinating origin that led to the creation of this coin. Because most of the silver dimes, half dollars, and quarters were removed from circulation in the early 1960s, there was a significant shortage of coins. The collectors, according to several Mint officials, are to blame for the shortage.
The US Mint then attempted to concentrate on producing more coinage that would last. As a result, the uncirculated proof sets and annual sets were temporarily discontinued. They also developed the SMS (Special Mint Set), which is a single collector item that optimized the manufacturing of coin sets.
Coins of each denomination are included in the 1964 SMS penny. In addition, it has a satin finish, which makes the coin seem and feel even more valuable than the others.
How Much Is A 1964 Proof Penny Worth?
Some 1964-proof pennies lack a mint mark, although this is uncommon. It’s important to remember that these pennies won’t be worth anything. Only in uncirculated conditions with high grading will you receive a premium for them.
As a result, the uncirculated 1964 proof penny will be worth no more than $1.5 in the PR-65RD condition.
Almost 3 million proof pennies were produced for this penny, according to the United States Mint. Even in uncirculated conditions, the value of the proof pennies is not too high because they are so frequent.
See Also: ” 1976 Penny Value, 1981 Penny Value, 1979 Penny Value, 1984 Penny Value, 1980 Penny Value, 1971 Penny Value, 1994 Penny Value, 1989 Penny Value, 1991 Penny Value ”
What Makes A 1964 D Penny Rare?
Since it has a satin finish and is non-reflective, the 1964 d is uncommon. The edges of the 1964 SMS penny are also more square in profile, and the details are much clearer.
It’s a long story, The Legend of the Rare Penny, 1964 SMS In the early 1960s, 90% of silver dimes, quarters, and half dollars were removed from circulation as a result of hoarding by silver hoarders. The United States needed copper and nickel for military operations, so the mint started producing steel coins instead of pennies.
However, due to the fact that blanks remained in the press when the mint started producing new steel coins, it struck a batch of copper pennies by accident. Some believe there are only about 20 of these pennies remaining; others believe there are roughly 40.
The U.S. Mint has avoided changing the date on coins minted in 1945 ( see 1945 penny value ), 1948, and 1949 because it is so simple to coat a steel penny with copper and change the date. These coins are commonly counterfeited, according to Mint.
You may detect steel if the coin stays attached to a magnet. The unique copper ones, for example, sold for $204,000 at a 2019 auction. An ordinary steel 1943 Lincoln penny may sell for 30 or 40 cents – around 30 or 40 times its face value.
When he found it in his school cafeteria, this example of a guy who had owned currency since he was a kid came to mind. A variation of this coin sold for $1.75 million in a 2010 auction, setting a new record.
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
How Much is a 1964 D Penny Worth?
The 1964 penny with no mint mark and the 1964 D penny are worth about $0.15 in uncirculated conditions with an MS-63RB grade.
In uncirculated conditions, the value is roughly $0.30 with an MS-65RD grade.
Proof coins in PR-65RD condition are offered for $1.50 each and are devoid of a mint mark. There were 3,951,000 proof coins made in total.
How To Identify A 1964 SMS Penny
How do you tell the difference between a 1964 SMS penny and a regular 1964 penny? It should be noted first that 1964 SMS pennies have only been found in 1964 SMS sets on occasion. As a result, 1964 SMS pennies are unique from a regular pocket change in several ways.
However, if you’re lucky, you might be able to locate these uncommon 1964 SMS pennies in estates and other unexpected environments. SMS pennies differ from regular 1964 and 1964 proof pennies in the following ways:
- 1964 proof pennies are not reflective (or mirror-like) because of the SMS pennies’ satin finish.
- In comparison to a circulation strike, the overall strike is considerably more defined and the 1964 SMS penny details are much clearer.
- The rim of the 1964 SMS penny is one of the areas where the strong details stand out. The profile of the 1964 SMS penny rims is more like that of a 1964 proof penny, being more square.
So there you have it: a 1964 SMS penny isn’t really the kind of coin that you unexpectedly come upon in your grandma’s attic desktop and then sell for $5,000 at your neighborhood coin dealer.
If you believe you have one, have it certified by a professional 3rd-party coin grading company such as PCGS, NGC, ICG, or ANACS.
After that, if you want to sell it, hold a coin auction or contact a coin dealer and negotiate with them about the value of the coin:
- $1,500 or $3,000 is the approximate value of certain SMS pennies in 1964.
- There are additional items worth more than the $5,000 average price.
- At a 2005 auction for a “Red” specimen in MS-67, the record price for a 1964 SMS penny was $11,500.
It’s critical to know that your 1964 SMS penny is genuine. These coins did not exist in the SMS set, so don’t expect to see them in change.
You may still determine if these cents are genuine or not, though. The square edge of this 1964 penny will come as a surprise.
Don’t forget to check these details if you want to determine the genuineness of your penny; such a form looks similar to the 1964 proof penny.
These coins are considered extremely rare because of the scarcity of experts’ estimates that there are only 20 to 50 sets in existence. Many of the 1964 SMS coins may have been lost, destroyed, or thrown away because it only partially explained their mystery status by early 1993. Several individuals collect the 1964 SMS coins, while they are actually uncommon.
When you collect and sift through coins, it might be a fun hobby. However, it’s important to remember that a penny’s profit is taxable. Before turning your hobby into a business, look at what taxes you’ll have to pay on your income. We’re hoping that you’ve realized the 1964 penny value.
Related:
1960 Penny Value
1966 Penny Value
1963 Penny Value
1965 Penny Value