At first glance, the 1920-S Lincoln Wheat Penny looks like any other old copper cent. But to seasoned collectors, this unassuming coin from over a century ago could be a jackpot. Struck at the San Francisco Mint, the 1920-S penny is now recognized as one of the more elusive dates in high-grade condition—and recently, one sold at auction for a staggering $96,000. Here’s why this seemingly ordinary penny is anything but.
1920-S Lincoln Wheat Penny
The 1920-S penny had a relatively high mintage of over 46 million coins, so why is it so valuable? The answer lies in condition. Most 1920-S pennies entered heavy circulation, and very few survived in pristine form. The San Francisco Mint was also known for producing coins with weaker strikes and rougher surfaces during this period, making high-quality examples extremely rare.
A 1920-S Lincoln Wheat Penny in circulated condition may only be worth a few dollars. However, a gem-quality, uncirculated example with full details and original luster can fetch upwards of $50,000, and in a few exceptional cases, has crossed the $96,000 mark at auction. This dramatic price jump is what keeps collectors and treasure hunters searching their jars and collections.
Don’t Overlook the Details
The 1920-S penny is a reminder that not all treasures shine brightly at first glance. What might look like just another old cent could actually be worth a small fortune. If you have a jar of old coins or inherited a collection, it’s worth taking a second look. You never know when a rare coin like the 1920-S might be hiding in plain sight.
FAQ’s:
1. Why is the 1920-S penny so valuable?
Its value comes from the rarity of finding one in high-grade, uncirculated condition. Most were poorly struck or heavily worn from circulation.
2. How can I identify a 1920-S penny?
Look for the date “1920” on the front (obverse) and a small “S” mintmark below it, just under the date, indicating it was minted in San Francisco.
3. What condition makes the 1920-S penny worth over $96,000?
Only pennies in near-perfect, uncirculated (Mint State) condition with strong strike quality and luster can reach such high values.
4. Can I find a 1920-S penny in pocket change today?
It’s very unlikely, but not impossible. These pennies are generally found in old collections or coin jars passed down over generations.
5. Where should I go to get my coin appraised?
Reputable coin dealers, professional numismatists, or third-party grading services like PCGS or NGC can evaluate your coin’s authenticity and condition.