The 1975 penny, also known as the Lincoln Memorial cent, is a currency that many coin collectors and enthusiasts treasure. While it is not the most valuable or rare penny, it does have a distinct history and significance that makes it an interesting piece to own. In this article, we will explore the world of the 1975 penny in detail.
1975 Penny Value Chart
|1975 No Mint Mark Penny Value||$0.01||$0.2||$0.5||$1.00|
|1975 “D” Penny Value||$0.01||$0.2||$0.5||$1.00|
|1975 “S” Proof Penny Value||$0.25||$0.3||$1.00||$3.00|
1975 No Mint Mark Penny Value
In 1975, there were 5,451,476,142 no-mint mark coins produced. A little over 3.8 million of them were produced at the West Point facility. All of them were coins with a regular strike. The lack of a mint mark on the 1975 penny is somewhat unusual, as most pennies produced by the Philadelphia Mint have a small “P” mint mark to differentiate them from coins produced at other Mint facilities. However, the 1975 penny was made during a period when the Mint was experimenting with various mint mark styles and placements, so some coins were produced with a mint mark.
Despite the absence of a mint mark, the 1975 penny is still legal tender and can be used for transactions just like any other penny. Due to its high mintage, however, it is not considered a rare coin and does not command a significant premium price among collectors.
This year’s Lincoln pennies are plentiful on the market, and their prices are usually under a dollar. Only those in the highest grades with desirable red toning can command a higher price and you should expect to spend between $13 and $65 per piece with a grading greater than MS66.
Auction records, on the other hand, can be surprisingly expensive. For example, one collector spent $900 for a beautiful brown coin in 2020, but one with red toning sold for $9,000 two years earlier.
To summarize, while the 1975 no-mint mark penny is not rare, it is a fascinating part of numismatic history and can be a one-of-a-kind addition to a coin collection. Despite its scarcity, the coin’s value will be determined by its condition and desire among collectors.
1975 “D” Lincoln Penny Value
The 1975 “D” penny is a regular strike coin produced by the Denver Mint in 1975. This penny is not deemed rare, with a total production of 4,505,275,300 coins, but it is still sought after by coin collectors and enthusiasts. The “D” mint mark on the 1975 penny indicates that it was made at the Denver Mint, one of the United States Mint facilities in charge of making circulating coins.
The 1975 D penny is not regarded as a rare coin, but some collectors look for particular qualities in their coins, such as those with a lot of detail or those with mint errors, which can happen during production when a die is out of alignment or when there is a problem with the pressure used to strike the coin.
Coins bearing the “D” mint mark are inexpensive and are only worth a few cents. An average grade will typically cost 2 to 3 cents, which is the price of its copper composition. The one with an MS67 score, however, is worth $125. In 2022, one brown specimen sold for nearly $500 on eBay, whereas red-colored ones are likely to cost more. Such an item cost $4,113 to add to one collector’s collection.
While some collectors may be interested in variations or errors that make the coin more distinctive, these are not particularly uncommon or valuable. As with any collectible, it is critical to do your homework and understand the details before making any purchases or investments.
1975 “S” Proof Penny Value
In 1975, the San Francisco Mint choose to make only proof coins rather than normal circulation Lincoln Memorial pennies. This implies that the San Francisco entire mintage of 2,845,450 pennies in 1975 were proof coins.
The choice to produce only proof coins in 1975 was unusual for the San Francisco Mint. Every year, the mint made both circulation pennies and proof coins. The decision to make only proofs in 1975, on the other hand, was most likely made to honor the 200th anniversary of the birth of Paul Revere, the famous American silversmith, and patriot.
The 1975 S-proof penny features the Lincoln Memorial design on the reverse and the bust of President Abraham Lincoln on the obverse, just like the normal circulation penny. However, proof coins are created through a unique minting procedure that results in coins with a mirror-like finish and crisp, sharp details. Proof coins are struck multiple times with specially polished dies and blanks, yielding a higher-quality finish than normal circulation coins. these coins are also packed in protective cases to ensure that their high-quality finish is preserved. This distinguishes it from the normal circulation coins.
The 1975 S penny is not particularly rare and with such a relatively high mintage, its value is quite low. Most coins can be purchased for as low as 20 cents and as much as $8. Only coins that are well-preserved and score PR 69 are worth $25. The auction marks are also modest; a cameo-contrast penny that sold for $95 was one of them. The specimen with intense cameo contrast that sold for $1,150 at an auction in 2002 was the lone exception.
In summary, the 1975 S-proof penny is a unique coin that sticks out from common circulation pennies because of its high-quality finish. This coin is a valuable addition to any coin collection and a must-have for any dedicated penny collector.
History of The 1975 Lincoln Penny
The 1975 Lincoln Penny was first minted on January 2, 1975, and was released into circulation shortly thereafter. This particular coin was a part of the ongoing collection of Lincoln Cents, which were first released in 1909 to mark the 100th anniversary of Abraham Lincoln’s birth. The coin featured Lincoln’s portrait on the obverse side and two ears of wheat on the reverse side, representing the United States’ agricultural history.
This design stayed largely unchanged for the next 50 years, with only minor changes to Lincoln’s portrait. However, a new design was introduced in 1959 to honor the 150th anniversary of Lincoln’s birth and the 50th anniversary of the Lincoln Penny.
Frank Gasparro created the new design, which featured the Lincoln Memorial on the reverse side of the coin. The Lincoln Memorial in Washington D.C. was constructed to honor Abraham Lincoln, the 16th president of the United States from 1861 until his assassination in 1865. This new penny type was struck in 2008 when four new coins took their position. The 1975 Penny is a part of this series that features the portrait of President Lincoln on the obverse and the Lincoln Memorial on the reverse.
The 1975 Lincoln Cent is noteworthy for being one of the final years the coin was struck with high copper content. To retain the coin’s traditional appearance, the composition of the Lincoln Cent was changed in 1982 to 97.5% zinc and 2.5% copper, with a thin layer of copper plating.
Generally speaking, the 1975 Lincoln Memorial penny is a relatively modern coin that is not particularly rare or valuable, but it is still an important part of the history of the United States Mint and the numismatic world.
1975 Lincoln Penny Grading
Grading is the process of evaluating the condition of a coin and assigning it a grade based on a standardized scale. It is important to have it graded by a reputable agency to ensure the best price for sale. If you suspect that your 1975 may be valuable, you may submit it to a professional grading agency.
Professional grading agencies such as Professional Coin Grading Service (PCGS) AND Numismatic Guaranty Corporation (NGC) specialize in coin grading and have a team of experts to carefully evaluate coins and assign them a grade based on their standardized grading scale.
Learn more about grading your 1975 penny from the video below.
Rare 1975 Lincoln Penny Error Lists
1975 saw the mints create a large number of coins with various errors. Aside from a few rare varieties, the majority are common and inexpensive. Finding one, however, can net you some unanticipated cash because these coins in the series are always more expensive than standard pieces. We will outline some of these errors in this section.
1. Die Break and Die Cud Error
This mistake occurs when an old die cracks and loses some of its parts. Coins produced using such a die have raised lines or bumps as a consequence. These specimens appeal to collectors, and based on the size, shape, prominence, and location of the defect, they can go for prizes ranging from $3 to $150.
The error coins with a die cut, a type of die break error with flattish bumps on the coin rim, are the most valuable. Most coins with this mistake cost between $100 and $200, but in some circumstances, the cost may be even higher.
Coin collectors regard the die break and die cud errors on the 1975 penny as uncommon and valuable. This error’s distinct appearance makes them highly desirable, and collectors are prepared to pay a premium for coins with these flaws.
2. Capped Die Error
Only the 1975 Denver-issued Lincoln Memorial pennies have a capped die error on the face; the reverse is unaffected. Due to the capped die, Lincoln’s portrait on the obverse is completely concealed and the date is hardly detectable.
Typically, a coin with this type of flaw costs $50, but the price can go even higher based on how serious the imperfection is.
3. Silver Lincoln Penny
Nobody is sure how a 10-cent or Dime blank planchet ended up in the pile of pennies, but in 1975, a die struck several coins on it, creating a penny that looked to be made of silver. These coins, however, were constructed of aluminum rather than this priceless metal and didn’t contain it. On average, they cost between $200 and $600.
4. 1975 Penny Strikethrough
When a non-die-related object comes in contact with the blank being hit, a strikethrough error happens. It may even make the object adhere to the coin and leave an indentation. The mistake is known as “strikethrough and retained” when the latter scenario occurs.
A strikethrough, in either case, guarantees that a specific area of the design won’t appear on the coin. A 1975 penny featuring a strikethrough is a very valuable coin. It can sell for as much as $160.
5. Re-punched Mint Marks
Hand-punching the mint mark onto a die allowed for this interesting 1975 Lincoln error. Different problems such as tilted mint marks and doubling, were the outcome. The average price of one of these pennies is between $3 and $10, but the drastic mint mark type is always more expensive.
Check out other 1975 penny error coins from this video.
1. Which 1975 Coins Are The Most Valuable?
The 1975 pennies with the higher values are the ones that weren’t made available to the public. Due to their rarity, pennies with mistakes are worth the most money. Additionally, proof pennies are also worth more than regular pennies.
2. What Is The Most Expensive 1975 Penny?
In 2018, the 1975 MS 68 RD Lincoln Memorial penny was sold for $9,000 at the Heritage Auctions.
3. Are 1975 Pennies Rare?
Due to the high mintage of almost 10 billion, the 1975 pennies are common and inexpensive. However, you can find some rare and expensive minting mistakes on the market, including the Silver penny.
Finally, the 1975 penny is a one-of-a-kind and popular coin among collectors and aficionados. While the coin is not uncommon in circulation, finding one in uncirculated form can be difficult, which adds to its value. The 1975 penny serves as a reminder of a time when coins were not just pieces of currency but also works of art and symbols of national pride. Whether you are a seasoned collector or just a novice, the 1975 penny is a worthy addition to any collection.