The world of coin collecting is filled with hidden treasures, and among them, the 1999 Wide AM Lincoln penny stands out as a remarkable find. This seemingly ordinary coin can command prices up to $10,000, making it a coveted piece for numismatists. In this article, we’ll delve into the details of the 1999 Wide AM penny and explore five other valuable coins that every collector should be aware of.
Understanding the 1999 Wide AM Lincoln Penny
In 1999, a minting anomaly led to the creation of the Wide AM Lincoln penny. Typically, the letters “A” and “M” in “AMERICA” on the reverse side of the penny are closely spaced, almost touching. However, due to a die mix-up, some pennies were produced with a noticeable gap between these letters, known as the “Wide AM” variety.
Identifying Features
- Reverse Detail: A clear gap between the letters “A” and “M” in “AMERICA.”
- Mint Mark: Most of these pennies lack a mint mark, indicating they were produced at the Philadelphia Mint.
- Rarity: The 1999 Wide AM penny is the scarcest among the Wide AM varieties from 1998, 1999, and 2000.
Value Insights
The value of a 1999 Wide AM penny varies based on its condition:
- Circulated Condition: Even in circulated condition, these pennies can fetch around $100.
- Uncirculated (Mint State): Prices range from $150 to $300.
- Record Sale: A pristine example sold for $2,300 at auction.
1999 Wide AM Lincoln Penny Value by Condition
| Condition | Estimated Value |
|---|---|
| Circulated | $100 |
| Uncirculated MS60 | $150 – $300 |
| Auction Record | $2,300 |
Five Other Valuable Coins to Watch For
1943 Bronze Lincoln Cent
During World War II, the U.S. Mint produced pennies from zinc-coated steel to conserve copper. However, a few bronze planchets were mistakenly used, resulting in extremely rare 1943 bronze cents.
Value: One such coin fetched $504,000 at auction.
1955 Doubled Die Lincoln Cent
This penny features a prominent doubling of the date and inscriptions due to a die error.
Value: High-grade specimens can command prices over $1,000.
1969-S Doubled Die Obverse Lincoln Cent
Another doubled die error, this coin shows clear doubling on the obverse inscriptions.
Value: Values can exceed $35,000, depending on condition.
1992 Close AM Lincoln Cent
In contrast to the Wide AM, the 1992 Close AM penny has the letters “A” and “M” in “AMERICA” almost touching, due to a reverse design intended for proof coins being used on business strikes.
Value: One such coin sold for over $25,000.
1972 Doubled Die Obverse Lincoln Cent
This penny exhibits noticeable doubling on the obverse, particularly on the date and the word “LIBERTY.”
Value: Depending on condition, these coins can be worth several hundred to over a thousand dollars.
Tips for Collectors
- Examine Your Change: Valuable coins can often be found in everyday pocket change.
- Learn the Details: Familiarize yourself with key identifying features of rare coins.
- Consult Experts: Seek professional grading for coins you believe may be valuable.
The 1999 Wide AM Lincoln penny and the other coins mentioned are testaments to the fascinating world of numismatics, where minting errors and anomalies can transform ordinary coins into valuable collectibles. By staying informed and vigilant, you might just discover a hidden treasure in your own pocket.
FAQs
What is a Wide AM penny?
A Wide AM penny features a noticeable gap between the letters “A” and “M” in “AMERICA” on the reverse side, due to a die error during minting.
How can I tell if I have a 1999 Wide AM penny?
Examine the reverse side of your 1999 penny. If there’s a clear space between the “A” and “M” in “AMERICA,” you may have a Wide AM variety.
Why are error coins valuable?
Error coins are often rare due to unintended production mistakes, making them highly sought after by collectors.
Where can I sell my rare coins?
You can sell rare coins through auctions, coin dealers, or online marketplaces specializing in numismatics.
Should I clean my coins to increase their value?
No, cleaning coins can reduce their value. It’s best to keep them in their original condition.