How much is a 1934 Lincoln mini penny worth?

Answer 1

There's no such coin. The first Lincoln Memorial cents were made in 1959. Any Lincoln cent dated 1958 or earlier will simply say ONE CENT on the back.

Please check your coin again and post a new question.

Answer 2

July 5,2009 The 1943 Lincoln cent was minted from zinc coated steel to free needed supplies of copper for the war effort. In time they rusted and rusty cents have very little value above 1 cent. Cents that have not rusted and are in average circulated condition can be bought for about 10 to 15 cents. Uncirculated cents range in value from about $2 to $7 depending upon the actual condition of the coin.

Answer 3

If it has been in circulation, it is worth one cent. It will be less than $1 even in the lower uncirculated grades.

All pennies made between 1909-1982 (except 1943) were 95% copper and weighs 2.5 grams. Copper currently sells for $3.82/pound. There are 28.349 grams/ounce, 16 ounces/pound or 453.584 grams/pound. Each penny weights 2.5 grams so there are 181 pennies/pound. At $3.82 per 181 pennies that's 2.1 cents per penny. Since they are only 95% copper, that's 2.1 cents * 95% = 2 cents each. All pennies before 1982 are worth at twice face value in copper content alone.

Answer 4

Any coin mistake increases the worth of the coin.

During the years in question there are many known mis-stamps with the penny being one of them.

Answer 5

These coins are still in circulation and are only worth face value.

Answer 6

Retail prices range from 50¢ if very worn, up to about $7 or $8 if almost uncirculated.

Answer 7

Coins in average circulated condition are valued at 3 to 10 cents. Uncirculated coins can be $20.00 or more

Answer 8

"mini" pennies are novelty items made by a private company and sold as so-called collectibles. They have little or no interest to coin collectors because they're not genuine coins.

Answer 9

The U.S. Mint has never produced a "Lincoln coin" dated 1864. Look at the coin again and post new question with the denomination.