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The value of your coin is highly dependent on its condition, or grade. Coins are graded on a scale of 0 to 70 and are classified into business strike coins (meant for circulation) and proof coins (meant for collectors). A circulating coin with no visible features on it would grade AG0 and a business strike coin that is uncirculated an without detectable flaw would be receive a theoretical grade of MS70.

If your coin is very worn down, it may be worth $2. If it is a business strike coin that is in excellent condition, it could be worth up to $4,500. A 1909 proof penny can be worth anywhere from $250 to $3,500.

You will need to get the coin graded or evaluated by a reputable dealer or collector to truly determine the value of the coin.

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Q: How much is a 1909 Lincoln penny without mint letter worth?
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