The 1973 Lincoln penny may seem like an ordinary coin, but for collectors and numismatists, it holds significant potential, especially when considering its errors, mint marks, and grade. If you’ve come across a 1973 penny in your collection, you might be wondering about its value and if it’s one of the rare coins that could fetch a higher price. In this comprehensive guide, we’ll explore the factors that influence the 1973 penny value, such as coin grading, mint marks, and notable errors, while also providing a detailed look into how to sell and assess its worth.
Specifications of the 1973 Penny
Before diving into the coin’s value, it’s important to understand the basic specifications of the 1973 Lincoln penny. Knowing these details helps in identifying the coin and understanding the nuances between different versions and varieties.
Specifications:
Category | Details |
Composition | 95% Copper, 5% Zinc |
Weight | 3.11 grams |
Diameter | 19.05 mm |
Thickness | 1.52 mm |
Edge | Plain |
Mint Marks | Philadelphia (No Mint Mark), Denver (D), San Francisco (S) |
The composition is a key detail, as pennies minted before 1982 contain more copper, which influences their intrinsic value. The mint mark (or lack thereof) also significantly impacts the coin’s worth.
Design Elements of the 1973 Lincoln Penny
The 1973 penny features the iconic design created by Victor D. Brenner. It’s important to note the differences between coins minted at various locations.
Obverse (Front)
- The obverse displays the image of Abraham Lincoln, the 16th President of the United States.
- Look for differences in wear on the 1973 Lincoln penny when assessing its grade.
- On coins from the Philadelphia Mint, there is no mint mark beneath the date. Meanwhile, pennies from the Denver and San Francisco mints will bear a “D” or “S” mint mark, respectively.
Reverse (Back)
- The reverse side of the coin showcases the Lincoln Memorial, which had been in use on pennies since 1959.
- Collectors often check for doubling or other errors in the memorial’s columns, which can increase the coin’s value.
1973 Penny Value Chart
Coin value is heavily influenced by the coin’s condition or grade, the mint mark, and whether any errors are present. Below is a value chart based on the coin’s condition and mint mark.
Condition | No Mint Mark (Philadelphia) | D Mint Mark (Denver) | S Mint Mark (San Francisco) |
Good | $0.01 | $0.01 | $0.02 |
Fine | $0.02 | $0.02 | $0.03 |
Extra Fine | $0.10 | $0.10 | $0.15 |
Uncirculated (MS 60) | $0.25 | $0.25 | $0.30 |
Uncirculated (MS 65) | $0.50 | $0.50 | $0.75 |
As seen in the chart, mint state coins (MS) command a significantly higher value than circulated coins. Coins from the San Francisco Mint tend to have a slightly higher value due to lower production numbers, particularly in higher grades.
Grading 1973 Pennies
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Grading plays a major role in determining the penny worth. Professional coin grading services such as the PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Corporation) are often used to assess the coin’s condition. Here are some key grades you’ll encounter:
- Good (G4-G6): These coins have heavy wear, with many design elements faded.
- Fine (F12-F15): Moderate wear, but some details like Lincoln’s face and the memorial’s columns are still visible.
- Extra Fine (EF40-EF45): Minimal wear, and most details are sharp.
- Mint State (MS60-MS70): No wear; uncirculated condition. Coins in higher MS grades, such as MS65 or above, are particularly valuable.
To assess the coin grading, look at high points like Lincoln’s cheekbone or the steps of the Lincoln Memorial. Any wear here can reduce the coin’s grade and, subsequently, its value.
1973 Penny Value and Varieties Guide
The 1973 penny was minted in three locations: Philadelphia (no mint mark), Denver (D mint mark), and San Francisco (S mint mark). Each mint mark variation affects the coin’s collectibility and value.
Philadelphia Mint (No Mint Mark)
- These pennies are the most common.
- Due to high production numbers, they are generally worth face value unless in uncirculated condition or carrying an error.
Denver Mint (D Mint Mark)
- Denver-minted pennies with a “D” mint mark are more valuable in higher grades, especially if they are in Mint State condition.
- They’re also sought after for errors, such as the 1973-D Repunched Mint Mark (RPM).
San Francisco Mint (S Mint Mark)
- San Francisco pennies are often more valuable due to their lower mintage.
- Collectors particularly seek out the 1973-S proof pennies, which were struck for collectors and are often in pristine condition.
Notable 1973 Penny Error List
Errors are what truly make rare coins stand out. A simple 1973 Lincoln penny can dramatically increase in value if it has an error. Let’s explore some of the most notable errors.
1973 Lincoln Penny Doubled Die Error
- Doubled die errors occur when the coin is struck twice in misalignment, resulting in doubled images of letters or numbers.
- Look for this doubling on key areas like “LIBERTY,” “IN GOD WE TRUST,” and the date.
Lincoln Penny Off-Center Error 1973
- Off-center errors happen when the coin is not struck properly, leaving part of the design missing.
- Depending on how off-center the strike is, these coins can be highly valuable—especially if more than 10% of the design is missing.
Lincoln Penny Repunched Mint Mark (RPM) Error
- A repunched mint mark occurs when the mint mark is punched more than once, resulting in overlapping or shifted mint marks.
- The 1973-D and 1973-S pennies are particularly known for this error.
1973 Lincoln Penny Die Break (Cud) Error
- Die breaks, often called “cuds,” occur when a part of the die breaks, leaving a raised area on the coin.
- These errors can appear near the rim and increase a coin’s value based on the size and location of the cud.
1973 Lincoln Penny Raised Edge Error
- A raised edge or rim error occurs when the rim of the penny is struck improperly, causing it to be higher than normal. These coins can attract significant attention from collectors.
The “Silver” 1973 Penny – A Misconception
One myth surrounding the 1973 penny is the existence of a “silver” variety. Some collectors mistake certain pennies with a silver-like color as valuable or rare. In reality, these coins are likely plated or affected by environmental factors.
For example, exposure to chemicals or moisture can alter the color of a penny, making it appear silver. This does not add any value, and such pennies typically remain at face value unless they have other significant errors.
Where to Sell Your 1973 Lincoln Penny
If you think you have a valuable 1973 penny, there are several places to sell it. Selling to reputable coin dealers or on well-known platforms will ensure you get a fair price.
Best Places to Sell:
- eBay: Auctions often attract competitive buyers.
- Coin Shows: Dealers at coin shows can offer on-the-spot assessments and purchase coins.
- Online Coin Dealers: Websites like Heritage Auctions or GreatCollections specialize in rare coins.
- Local Coin Shops: A local dealer can provide a quick appraisal, though prices might be lower.
Before selling, always have your 1973 penny graded, especially if it’s in Mint State or has a notable error.
FAQs on the 1973 Lincoln Penny
How much is a 1973 penny worth?
- In circulated condition, it’s usually worth face value. However, uncirculated coins and those with errors can be worth significantly more, from $0.25 to several dollars.
What errors should I look for on a 1973 penny?
- Doubled die errors, off-center strikes, repunched mint marks, and die breaks are some of the most valuable errors to look for.
Can I find a valuable 1973 penny in circulation?
- Yes! It’s still possible to find rare 1973 pennies with errors or in uncirculated condition while coin roll hunting.
Conclusion
The 1973 Lincoln penny may not always be worth much in everyday pocket change, but understanding the nuances of coin grading, mint marks, and errors can help you uncover rare coins that hold significant value. Whether you have a
no mint mark, D mint mark, or S mint mark penny, there’s a chance it could be more valuable than you think, especially if it boasts a rare error or is in pristine condition. Be sure to carefully check your coins, and if you find something special, consider having it graded by a professional to get the best assessment of its true worth.
Oliver Leo is an experienced blogger who explores the unusual and fascinating aspects of life. With a passion for adventure and discovery, he dives deep into topics like Dumpster Diving, Metal Detecting, and Coin Collecting, sharing his knowledge and insights on Bizarre Fancies.