Let's start by introducing you to the real value of a 1964 penny. I know how important it is when you're getting started in your coin-collecting hobby and starting to look for specific coins. Read on to understand what your 1964 penny is worth.
Coins can be great investments, but not all coins are created equal. The value of a coin depends mainly on its rarity and condition. It is especially true when it comes to the 1964 penny. The 1964 penny has become one of the most sought-after coins in circulation, and its value has steadily risen over the years.
In this blog post, we'll look at the 1964 penny, its history, and its worth today. We'll also discuss determining if your 1964 penny is valuable and tips for keeping it in top condition.
History of the 1964 Penny
The 1964 penny is one of the most popular pennies to collect. Many people enjoy collecting these coins because of their unique history and design. The 1964 penny was minted in response to the Kennedy half a dollar being released that same year.
President Lyndon Johnson had decided that the United States should have a new coin to commemorate the 100th anniversary of Abraham Lincoln’s birth.
Chief Engraver John R. Sinnock was assigned to design the new coin, and his original design featured a portrait of Lincoln on the obverse side and the Lincoln Memorial on the reverse side. The SMS Penny is made of 95% copper and 5% tin and zinc alloy and has a diameter of 19mm. It weighs 3.11 grams.
However, after President Kennedy’s assassination in 1963, Sinnock’s design was revised to feature a portrait of Kennedy on the obverse side and the presidential coat of arms on the reverse side. A total of 1,000,000,000 1964 pennies were minted, which are currently worth between $0.10 and $0.20 each, depending on their condition.
1964 Penny Value Guide
Many people think that pennies are only worth one cent, but this is not always the case. Some pennies are worth a lot more than their face value. Some pennies are worth hundreds or even thousands of dollars.
So, what makes a penny valuable? Well, a few things can affect a penny's value, such as its condition, date, and mint mark. Let's take a closer look at each of these factors:
Condition: The condition of a penny can have a significant impact on its value. A penny in good condition will be worth more than a penny in poor condition. This is because collectors are willing to pay more for a coin that is in better condition.
Date: The date on a penny can also affect its value. Pennies from specific years are worth more than others, usually due to the coin's rarity. For example, pennies from the early 1900s are generally worth more than those from the mid-1900s because they are less common.
Mint Mark: The mint mark on a penny indicates where it was made. Pennies with certain mint marks (such as the “S” mint mark) are usually worth more than those without them. This is because coins with mint marks are often rare than those without them.
1964 (P) No Mint Mark Penny Value
Well, if your penny is dated 1982 or earlier, it's likely made of 95% copper and 5% zinc. These pennies are worth more than face value because copper prices have increased since they were made. Each pound of copper is worth about $2.90, so each penny contains about 2.2 cents' worth of the metal.
If your penny is dated 1983 or later, it's probably made of 97.5% zinc and 2.5% copper (the metals are reversed from the earlier coins). These newer pennies aren't worth much more than face value because zinc isn't as valuable as copper.
1964 (S) No Mint Mark Penny Value
The 1964 S Penny with no mint mark is worth 1 cent. A mint mark is a coined letter indicating where it was made. The main US Mints are in Philadelphia (no mint mark), Denver (D), and San Francisco (S).
1964 D Penny Value
The 1964 D penny can be worth up to $0.03. This is because a penny is made of copper, and copper prices have risen in recent years. While the value of a penny may fluctuate in the future, it is currently at an all-time high.
1964 (P) Proof Penny Value
Several factors can determine Penny's value, but the most crucial is the coin's condition. A well-circulated coin will be worth far less than one in mint condition. The type of metal used to produce the penny also affects its value. Pre-1982 pennies are made from copper and are worth more than their face value. Post-1982 pennies are made from zinc and are only worth one cent.
1964 Special Strike (SMS) Penny Value
The Special Strike (SMS) Penny is a highly sought-after coin by collectors due to its limited mintage and unique finish. Approximately 3 million of these coins were struck in 1964 as a particularly striking for the San Francisco Mint.
The SMS designation means that the coins were struck from specially prepared dies, which gave the coins a matte finish. This was done to increase the coin's resistance to wear and tear.
Due to its limited mintage and unique finish, the SMS Penny is considered to be quite valuable. A specimen in good condition can fetch upwards of $500 from a knowledgeable collector.
A 1964 1C SMS SP67 Red was auctioned for $15,600 in January 2019.
1964 Penny Errors
Penny errors can occur for a variety of reasons during the minting process. Some of the most common penny errors include:
- The D/D RPM Error occurs when the die used to strike the coin is not correctly aligned with the coin's blank planchet. This results in a doubled image on the coin.
- The Triple Saddle Strike error occurs when the same die strikes three coins at once. This results in a coin with three images on one side.
- The Clipped P Clad Dime Planchet error occurs when a portion of the P (denoting the Mint Mark for Philadelphia) is missing from a clad dime planchet.
- The Off-Centre Penny Error occurs when a coin is struck off-center, resulting in an incomplete image on the coin.
- The Broad struck Penny Error occurs when a coin is struck outside of the collar that restrains it, resulting in a coin that is larger than normal with an incomplete image.
Penny errors are relatively rare and can be valuable to collectors. The value of a penny error depends on many factors, such as its type, rarity, and condition.
In 2004, an incredibly rare 1964 1C Error Lincoln Cent sold for an astounding $5,750 in an auction
1964 Penny Patina
Penny Patina is a unique penny worth investigating. It is not a rare coin, but its value comes from its patina. Patina is the result of oxidation on the surface of the metal, and it can make coins more valuable. The color of the patina can range from brown to red.
Penny patina can form naturally over time but can also be artificially created. Some collectors prefer the natural patina, while others prefer the artificial one. Some believe that fake patina devalues the coin.
If you come across a Penny Patina coin, it is worth taking a closer look at it. If you have a magnifying glass, you may see the patina's different colors. You can also use a black light to better look at the coin.
Are 1964 Pennies Worth Anything?
1964 pennies are worth almost nothing. The penny has been around for a long, and its history has seen many changes. It is no longer made of copper but is instead copper-plated steel.
A 1964 penny is worth about 10 to 25 cents. If you have a coin that is in uncirculated condition, it could be worth even more. The price of a 1964 penny depends on its condition and whether it is a copper or zinc penny.
A 1964 old penny is worth about $0.19 in average condition. In mint condition, a 1964 old penny can be worth up to $2.00.
Conclusion
If you have a 1964 penny, it is essential to know its potential value. Depending on the condition and mintmark of your penny, it could be worth anywhere from face value to hundreds or even thousands of dollars. Always take time to research the specific coin you possess so that you can understand its actual market worth and decide whether or not it would be worth selling.
