1971 Penny Value
- I have a 1971 D silver penny that I got in a role of pennies. I know there are a lot of plated coins out there from the research I done, but this one looks like it could be real. I did find a website and it said to look for any copper especially around the edges of the penny and there was none.
- Rare 1971 New Pence Coin/collectors Item/1p Coin/best Value. British Five Pound Coins (c.1971-Now) Go to next slide - You.
Most 1971 Lincoln pennies aren't valuable. However these pennies can sell for a premium in uncirculated condition. Keep reading to learn more about these one cent coins.
CoinTrackers.com has estimated the 1971 S Lincoln Penny Proof value at an average of 1 cent, one in certified mint state (MS+) could be worth $8.
Specifications
Type: Lincoln Penny
Year: 1971
Face Value: $0.01
Composition: 95% copper, 5% zinc
Total Weight: 3.11 grams
The US minted the 1971 penny with no mint mark and also the 1971 D penny and 1971 S penny. The mint mark, when present, can be found on the obverse side of the coin below the date.
| Series | Location | Quantity Minted |
|---|---|---|
| 1971 | Philadelphia | 1,919,490,000 |
| 1971 D | Denver | 2,911,045,600 |
| 1971 S | San Francisco | 525,133,459 |
Value
Most 1971 pennies in circulated condition are only worth their weight in copper. The current copper melt value for each penny is about $0.02. These coins can only sell for a premium in uncirculated condition.
The 1971 penny with no mint mark is worth around $0.60 in uncirculated condition with an MS 65 grade.
The 1971 D penny and 1971 S penny are each worth around $0.50 in uncirculated condition with an MS 65 grade.
Proof coins with the S mint mark are available and they are each valued at around $1 in PR 65 condition. There were 3,220,733 proof coins minted.
Doubled Die Error Coins
There is a rare error variety for the 1971 penny with no mint mark and the 1971 S proof penny. On the obverse side of the coin the date and the design elements are minted twice onto the coin. This is called a doubled die error.
The 1971 penny with no mint mark doubled die error coin is worth around $50 in uncirculated condition with an MS 65 grade.
The 1971 S proof penny doubled die error coin is worth around $500 in uncirculated condition with a PR 65 grade.
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Grading System
MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable.
1971 Penny Value No Mint Mark
PR 65 proof- There are no flaws to this coin. A few blemishes may be present.
1971 Penny Value Chart
Sources:
See also:
1972 Penny
1970 Penny
1969 Penny