What looks like an ordinary penny from 1937 might actually be a hidden treasure in disguise. While millions of Lincoln pennies were minted that year, a select few are now considered numismatic gems due to rare varieties and minting errors. Collectors are constantly on the hunt for these exceptional coins—and if you happen to find one, you could be sitting on a small fortune. Here are two of the most sought-after 1937 Lincoln penny varieties that have captured the attention of coin enthusiasts.
1937 Lincoln Penny Doubled Die Obverse
One of the rarest varieties from 1937 is the Doubled Die Obverse penny. This mint error results in a doubling effect on the coin’s front, especially noticeable in the date and inscriptions like “LIBERTY” and “IN GOD WE TRUST.” Though not many were struck, the few that survived in good condition have sold for as much as $8,000 to $12,000 at auction. It’s a subtle mistake—but for collectors, it’s a major jackpot.
1937 Proof Lincoln Penny
While regular 1937 pennies are common, the proof versions are extremely rare. These special coins were struck for collectors with extra care, creating a mirror-like finish and sharp details. Only a limited number were made, and their condition and rarity make them highly desirable. A well-preserved 1937 proof penny can fetch over $15,000, especially when certified by grading services.
Don’t Underestimate the Power of Pennies
The 1937 Lincoln penny proves that even the most common-looking coins can turn into collector’s dreams. Whether it’s a rare mint error like the Doubled Die Obverse or a pristine proof coin, these small treasures continue to capture the imaginations of collectors and investors alike. If you come across a 1937 penny, don’t overlook it—it might be worth far more than one cent.
FAQ’s:
1. How can I tell if my 1937 penny is a Doubled Die Obverse?
Look closely at the date and the words “LIBERTY” and “IN GOD WE TRUST.” Doubling in these areas is a clear sign.
2. Are 1937 Lincoln pennies valuable in general?
Most are worth a few cents to a few dollars, but rare varieties and well-preserved specimens can be worth thousands.
3. What makes a proof penny different?
Proof pennies have a shinier, mirror-like surface and sharper details, made using specially prepared dies.
4. Can I still find valuable 1937 pennies in circulation?
It’s unlikely, but not impossible. Most are found in old collections, coin jars, or inherited estates.
5. Should I clean my 1937 penny to improve its value?
No—cleaning coins can damage them and reduce their value. Always keep rare coins in their natural condition.