A 1994 Lincoln cent with a mysterious “Corrected by Union” error recently sold for $5,500—and collectors are scrambling to find more! At PennyVerse.info, we’ve investigated this rare variety and created the ultimate guide to help you spot this valuable error in your own collection.
What Makes This 1994 Penny So Valuable?
The “Corrected by Union” Error
- Unique raised text reading “CORRECTED BY UNION” appears on the reverse
- Believed to be from a misplaced die cap or experimental striking
- Only handful confirmed to exist (exact number unknown)
- Recent sale: $5,500 in AU condition
Key Identification Features
🔍 Location: Reverse side, near the Memorial building
🔍 Appearance: Slightly raised, uneven lettering
🔍 Font: Similar to mint mark style but larger
🔍 Must Have: Clear “1994” date with no signs of alteration
How to Authenticate a “Corrected by Union” Penny
Step 1: Visual Inspection
- Check for raised text under angled light
- Verify the 1994 date is genuine (no tool marks)
- Compare to known examples (PCGS/NGC certified)
Step 2: Professional Grading
- PCGS/NGC offer error attribution
- Authentication fee: 50−50−100 (worth it for potential $5,500 value)
Step 3: Metal Composition Test
- Should match standard copper-plated zinc composition
- Weight: 2.5 grams (normal for post-1982 pennies)
Where to Sell Your 1994 Error Penny
💰 Heritage Auctions – Best for rare errors (5,000+range)💰∗∗eBayAuction∗∗–Setreserveat∗∗5,000+range)💰∗∗eBayAuction∗∗–Setreserveat∗∗3,000+** (let collectors bid up)
💰 Specialized Error Dealers – Contact Fred Weinberg or Mike Byers
💡 Pro Tip: If ungraded, get it PCGS/NGC certified first—it can double the value!
Could More Exist? Hunting Tips
- Search 1994 bank rolls (especially Philadelphia mint coins)
- Check inherited collections (many sit untouched for decades)
- Look for odd raised lettering on any 1990s pennies
⚠️ Warning: Many fakes exist—never buy raw coins without expert verification!
FAQs About the 1994 “Union” Penny
Q: How many are known to exist?
A: Only 3-5 confirmed examples have surfaced.
Q: Is this an official mint error?
A: The origin remains mysterious—possibly a private experiment.
Q: What’s the cheapest one sold for?
A: A worn example brought **1,200∗∗in2021beforetherecent1,200∗∗in2021beforetherecent5,500 sale.
Final Verdict: Should You Hunt for This Penny?
✅ YES if:
- You enjoy investigating mysterious errors
- Have access to original 1994 rolls
- Can afford professional authentication
❌ NO if:
- You expect to easily find one (extremely rare)
- Aren’t prepared to verify properly
Found a Potential “Union” Penny?
- Take HQ photos (front/back/macro of text)
- Post in our Expert Forum
- Get professional grading before selling
Discover more rare coins: Visit PennyVerse.info for free error coin guides!
