1967 Penny Value: How Much Is It Worth Today?
To determine the value of a 1967 penny, it is important that you are able to track which of the Lincoln Penny series this coin belongs to.
Unlike others produced past the inscribed date, this copper-based penny which features the Lincoln Memorial on its reverse was minted in 1967 only, after which it was discontinued.
Here, we’ll show you how to determine a 1967 penny value; it’s easy. You only need to get familiar with the coin’s history, mint marks, errors, and physical features.
1967 Penny Value Chart
|Mint Mark||Uncirculated||Choice Uncirculated||Gem Uncirculated||Superb Gem Uncirculated|
|1967 No Mint Mark Penny Value||N/A||$8||$26||$425|
|1967 SMS Penny Value||N/A||$55||$110||$1250|
1967 No Mint Mark Penny Value
Unlike several U.S. mint coins, which bear the mark of the mint responsible for their production and circulation, 1965 to 1967 pennies do not possess a mint mark. The three mints were responsible for their production and circulation and since there are no mint marks, it is difficult to ascertain how many of these cents each mint produced.
3,048,667,100 of this coin were minted for circulation, which means the coin is quite accessible, and possessing one should pose no problems.
The 1967 penny history begins with the wheat penny, whose minting period spans from 1909 – 1958. The pennies from this era were called wheat pennies because of the wheat stalks on the coin’s reverse. The 1967 design, however, was conceived in 1952 during the time former President of the United States Eisenhower was about to resume office.
Since he was a Republican, the mint feared that changing the design might cause issues; however, on January 2, 1959, the start of the production for the reverse of the new Lincoln penny was announced by James Hagerty, President Eisenhower’s press secretary.
Although the initially conceived design in 1952 was created by Gilroy Roberts, where both the obverse and reverse were completely changed, the new 1959 design was the work of Frank Gasparro. Here, he only changed the reverse of the Lincoln penny. It featured the Lincoln Memorial in Washington, DC.
Frank Gasparro, who had never seen the Lincoln Memorial In Washington, won a competition among mint engravers to determine who would design the new Lincoln Penny reverse.
After emerging victorious, several notables had their opinions about his design. While Anderson called the image impressive, Taxay is quoted to have said the design looks at first glance like a trolley car. A Numismatic Historian by the name of Walter Breen referred to the design as an Artistic design.
This news of the change in reverse design for the Lincoln penny shocked the Press as it was the first time there wouldn’t be rumors or a leak prior to changes in the design of a coin. Although some pieces of this coin entered the market early, the official release date of this new design was February 12, 1959, which marked the 150th anniversary of Lincoln’s birth.
By 1962, the mint altered the coin’s composition. They removed Tin, and the main materials were now 95% copper and 5% zinc, which differs from the zinc-coated steel whose use the mint adopted in the year 1943 during World War II.
As we stated earlier, the 1967 pennies didn’t have mint marks; however, of the three mints, the Denver mint minted the most pennies, accounting for 1,327,377,100 of the total produced.
The Philadelphia Mint, known for not including mint marks came in second by producing 907,575,000 pennies, while the San Francisco Mint produced the least 813,715,000 pennies, totaling around 3 billion 1967 Lincoln pennies.
The obverse of this penny featured the image of President Lincoln. The obverse is the same as Victor David Brenner’s design from 1909. It features the year 1967, the inscription IN GOD WE TRUST at the top of the obverse, and the word LIBERTY appears to the left of Lincoln’s portrait.
However, unlike the 1909 obverse, which includes the initials of the designer V.D.B., the 1967 series excluded the designer’s initials.
The reverse of the 1967 penny is completely different from the original 1909 series. First, Victor David Brenner’s wheat stalk design isn’t featured here. Instead, Frank Gasparro’s representation of the Lincoln Memorial is here.
Also, the initials F.G. are on the reverse instead of the V.D.B on the prior 1909 series obverse. You’ll find words ONE CENT beneath the memorial image, UNITED STATES OF AMERICA inscribed around the reverse, and the legend E PLURIBUS UNUM.
Finally, the 1967 Lincoln penny is a plain edge, 95% copper and 5% zinc cent. It is 0.00598 inches thick, 0.75 inches wide, and weighs 3.11g.
Circulated 1967 No Mint mark, Washington Pennies are known to have a dollar value that is only slightly above their face value of one cent. Why wouldn’t they be? After all, the Mint released 3 billion of these coins into circulation. Depending on the coin’s condition, those with scratches and dents could vary from $0.01 to $0.02.
For uncirculated and mint-state pieces, the story is quite different. In the Numismatic world, they are worth $8 to $425 and a Bowers and Merena auction services sold a regular strike MS67 1967 Lincoln penny for $4945 in 2008.
Conclusively, the value of a 1967 no-mint mark Washington penny would also increase with a visible error. Some of the more common errors include double die errors, B.I.E. errors, magnetic screw bonded to coin errors and die crack errors and die penny break errors
1967 Special Mint Set Penny Value
The special mint set variety is the only other variety of the 1967 Washington penny. A brilliant and silky finish characterizes this set. That year, one million eight hundred sixty-three thousand three hundred forty-four of these special mint coins were produced. Each set consisted of the 1967 quarter, dime, nickel, half dollar, and penny.
While special mint sets 1967 Lincoln pennies with dents and scratches have a value of 5 cents to 1 dollar. Those still in mint or uncirculated condition are worth $55 – $5850, the highest selling price for a special mint set 1967 penny. There is an SP68 grade 1967 penny from the Philadelphia Mint that was sold by Heritage Auctions in 2014.
Some notable colors in the special mint set penny to include brown, which has the least value, red-brown, red, cameo, and deep cameo.
1967 Penny Grading
Grading of the 1967 Penny is achievable using the Sheldon coin grading scale. The American Numismatic Association uses this scale to generate its official ANA grading standards. This grading scale which is in use to this day was created in the 1970s and grades coins from poor PO1 to perfect uncirculated to MS 70.
Since the mints created more than 3 billion of the 1967 penny, the bulk of them fall in the good to extremely fine grade category, known to have less value. Those that do not fall in this category are either 1967 pennies with errors or those that are still uncirculated, have no visible dents or scratches, and are still in mint state.
Rare 1967 Penny Error List
Error pennies from 1967 are valuable and sought after by collectors because of their rarity. Here are some known 1967 penny errors.
1967 Penny Double Die Error
This error is caused by the die hub striking an impression of its design twice on the die; when the coin passes through the die, it passes the duplicity onto the coin. The numismatic world is in search of this kind of error.
For an error of this nature to fetch you huge bucks, ensure that the doubling effect is very pronounced and easy to see. These errors could also be minor, they could appear as doubling some or all of the lettering and mint year. A double die 1967 penny error is worth between $20 – $50.
1967 Penny Die Crack and Die Break Error
Die cracks and die-to-break penny errors occur when the mint uses old, cracked, or broken dies to strike a coin. This results in bumps and holes appearing on the struck coin. Errors of this kind are valued based on the position and size of the bump, hole, or visible line.
Die cud errors that appear as a blob created by a die on the coin’s surface, spiked head die crack, and B.I.E. Die breaks are some known types of die crack errors. Errors of this nature are worth at least $100.
1967 Penny B.I.E Error
This error is specific to the Lincoln penny series. They occur as a die crack between the B and E in LIBERTY. The small die crack appears as a capital I hence the name B.I.E. error. It is a result of a crack in the die that struck these Lincoln pennies, and the truth is that they are quite common, with a value of $5 – $15.
1967 Penny Triple or Double Strike Error
The triple or double strike error on the 1967 penny is one error that occurs when a black planchet is struck more than once by the die. The normal procedure would be for the die to strike and imprint its features on the blank planchet once and then the feeders eject the struck coin into a chute. However, here this is not the case.
Errors of this kind are valued at $900 or more.
1967 Penny Cap Die Error
These errors which are also known to coin collectors as bottle caps or mushrooms cost at least $25 in their ungraded state. They occur when a die strikes a coin, however, after the first strike the coin sticks to the die and strikes more coins.
1967 Penny FAQs
What Year is Rare for a Penny?
The rarest pennies are the pennies minted in 1943 and 1944. Cointrackers ranked these pennies as the most valuable since they are quite rare. They are worth as much as $408,000 when found in a mint state; even in an average mint state, they are worth as much as $10,000.
What Are the Other 1967 Pennies?
Other common 1967 pennies include the 1967 Queen Elizabeth penny and the 1967 Canadian penny. Both of these pennies feature the image of Queen Elizabeth II on the obverse; however, while Arnold Machin and Arnold Machin designed the Canadian penny obverse and reverse, respectively, the Queen Elizabeth Penny obverse was designed by Mary and the reverse by Leonard Charles Wyon.
The Canadian penny weighs 3.24 grams, was minted in Winnipeg, and has a total mintage of 654,564,000. The 1967 Queen Elizabeth penny, which weighs 9.4 grams, was minted in London, England, and has a mintage of 654,564,000.
Finally, while the 1967 Queen Elizabeth penny is made of Bronze and has 119 reeds, the 1967 Canadian penny has a plain edge. It comprises 98% copper, 0.5% tin, and 1.5% zinc.
How do I know if my 1967 Penny is Worth Money?
To determine if your 1967 penny will fetch you more than its face value of one cent, you need to determine the coin’s grade on the Sheldon scale. Also, check for dings, dents, and scratches. Your coin will be worth Money if it is without these. Also, a special mint set 1967 penny, which possesses a silky reddish-brown finish, is worth many bucks.