1968 Penny Value
As of 2024, the value of a 1968 penny ranges from $0.10 to $0.30 in circulated condition. In uncirculated condition, these pennies can be worth between $0.50 and $2.00, with higher-grade specimens fetching even more. Collectors particularly seek out well-preserved examples and those with unique mint errors, which can significantly increase their value.
AUCTION RECORD: $154 • MS68BN
Image source: PCGS
1968 Penny - Memorial Reverse
The 1968 penny, also known as the Lincoln cent, is a common coin in the United States minted in both Philadelphia and Denver. Composed mainly of copper, it features the iconic portrait of Abraham Lincoln on the obverse and the Lincoln Memorial on the reverse.
Type of coin: Penny
Year: 1968
Wheat Penny Mint Mark: Philadelphia
Metal content: 95% Copper, 5% Zinc
Face value: 1 cent
Weight: 3.11 grams
Edge: Plain
Designer: Victor David Brenner
Diameter: 19.00 millimeters
1968 Lincoln Penny Errors and Rarities
The 1968 Lincoln penny is notable not only for its reintroduction of the “S” mint mark on cents from the San Francisco Mint, but also for the various minting errors and rare varieties that have emerged over the years. These errors can make some 1968 pennies worth far more than their face value, sparking the interest of coin collectors.
1. 1968 Doubled Die Obverse (DDO)
A Doubled Die Obverse error occurs when the die used to strike the coin has been improperly prepared, resulting in noticeable doubling on the design, particularly in the date, "LIBERTY," or "IN GOD WE TRUST." Although not as famous as some other years, the 1968 DDO still attracts collectors due to its unique appearance.
- Value: Depending on the strength of the doubling and the condition of the coin, a 1968 DDO penny can be valued between $25 and $150 or more in higher grades.
2. 1968 Doubled Die Reverse (DDR)
Less common but still valuable, the Doubled Die Reverse error can feature doubling on the reverse side of the coin, affecting the "ONE CENT" inscription or the "UNITED STATES OF AMERICA."
- Value: A 1968 DDR penny can range in value from $20 to $100 based on the coin’s condition and the extent of the doubling.
3. Repunched Mint Mark (RPM)
A Repunched Mint Mark (RPM) occurs when the mint mark is struck more than once in slightly different positions. The 1968-D penny from the Denver Mint often shows this error, and it is a favorite among variety collectors.
- Value: A 1968-D penny with an RPM error is typically worth between $10 and $50, depending on the coin's overall condition and how noticeable the repunching is.
4. Off-Center Strikes
An Off-Center Strike happens when the planchet is not properly aligned with the die, resulting in part of the coin’s design being struck off-center. The more extreme the off-center strike, the rarer and more valuable the penny becomes.
- Value: A minor off-center strike (5-10%) may be worth $10 to $30, while a more severe misalignment (50% or more off-center) can be worth $50 to $150 or more, depending on the condition and percentage of the strike.
5. Clipped Planchet
A Clipped Planchet error occurs when the coin blank is improperly cut, resulting in a portion of the coin being missing. These errors are relatively common, but larger clips are more desirable.
- Value: A 1968 penny with a clipped planchet can range in value from $10 to $50, depending on the size of the clip and the overall condition of the coin.
6. Die Cracks and Cuds
Die cracks are raised lines on the surface of the coin caused by a cracked die, while cuds occur when a piece of the die breaks off, leaving a blank, raised area on the coin. These errors are typically minor but still intriguing to collectors.
- Value: Die crack errors on a 1968 penny can add $5 to $20 to its value, while larger cuds may increase the value by $10 to $50 or more, depending on the size and location of the cud.
7. 1968-S Proof Penny Cameo and Deep Cameo
The 1968-S proof penny, minted in San Francisco, can be found in two special finishes: Cameo and Deep Cameo. These proof coins feature a frosted design against a mirror-like background and are highly prized by collectors, particularly if they are in high grades.
- Value: Cameo proof pennies can range from $10 to $50, while Deep Cameo examples in perfect condition can fetch $75 to $150 or more, depending on their grade.
1968 Lincoln Penny Coin Values (No Mint Mark, "D," and "S")
Though 1968 pennies without errors are quite common and typically hold modest value, errors and rarities can dramatically increase their worth. Below is a breakdown of values based on mint marks and errors:
1968 Penny (No Mint Mark - Philadelphia)
- Circulated Condition: Typically worth 1 to 10 cents.
- Uncirculated Condition: High-grade examples can sell for $1 to $5, with top grades (MS-65 or higher) commanding $10 or more.
- Error Coins: DDO, DDR, off-center strikes, and other errors can raise the value to $25 to $150+, depending on the severity of the error and the coin’s condition.
1968-D Penny (Denver Mint)
- Circulated Condition: Generally worth 1 to 10 cents.
- Uncirculated Condition: Can fetch between $1 and $5 in higher Mint State grades.
- Error Coins: Repunched mint marks (RPM) and other errors can increase the coin’s value to $10 to $150, depending on the specific error.
1968-S Penny (San Francisco Mint)
- Circulated Condition: Worth about 1 to 10 cents.
- Proof Cameo and Deep Cameo: Proof coins are worth between $10 and $150, depending on the depth of the cameo and the coin’s grade.
- Error Coins: Proof pennies with errors like off-center strikes or die cracks can be worth $50 to $200+, depending on the rarity and condition of the coin.
FAQ
What is the value of a 1968 penny?
The value of a 1968 penny ranges from $0.10 to $0.30 in circulated condition. Uncirculated examples can be worth between $0.50 and $2.00, with higher-grade specimens fetching more.
Is a 1968 penny rare?
The 1968 penny is not considered rare. It was produced in large quantities and is commonly found in circulation.
What makes the 1968 penny collectible?
The 1968 penny is collectible for its historical significance and because it was one of the first years after the reintroduction of the mint mark on U.S. coins. Collectors also seek high-grade examples and those with unique errors.
Are there any errors on the 1968 penny?
Yes, some 1968 pennies have errors, such as double die errors, die cracks, or off-center strikes. These errors can increase the value of the coin to collectors.
How can I tell if my 1968 penny is valuable?
To determine if your 1968 penny is valuable, check its condition (circulated or uncirculated) and look for any errors or unique features. Coins in higher grades or with rare errors can be worth more.
Where was the 1968 penny minted?
The 1968 penny was minted at three locations: Philadelphia (no mint mark), Denver (D mint mark), and San Francisco (S mint mark).
How many 1968 pennies were minted?
In 1968, approximately 1.7 billion pennies were minted in Philadelphia, 2.8 billion in Denver, and 258 million in San Francisco.
What metal is the 1968 penny made of?
The 1968 penny is made of 95% copper and 5% zinc.
Can I find a 1968 penny in my change?
Yes, it is still possible to find 1968 pennies in circulation, although they are becoming less common as collectors and enthusiasts set them aside.
How should I store my 1968 penny?
To preserve its condition, store your 1968 penny in a cool, dry place, ideally in a protective coin holder or album to prevent damage and exposure to the elements.
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