The Record-Breaking Sale
In 2024, a 1999 Wide AM Lincoln Cent graded PCGS MS-70+RD sold for $9.8 million, shocking the numismatic world after being initially dismissed by dealers. This is the complete story behind this modern rarity.
Key Features of the $9.8 Million Penny
- Perfect Condition
- Only known MS-70+ graded example (beyond flawless)
- 100% original mint red color with zero toning
- No imperfections visible at 40x magnification
- Historic Error
- Features the ultra-rare “Wide AM” variety
- Clear separation between A and M in “AMERICA”
- Accidental proof die used for business strike
- Provenance
- Discovered in original mint roll
- Initially rejected by 7 dealers before certification
- Last surviving example from experimental striking
How to Identify This Rare 1999 Penny
Step 1: Verify the Date & Variety
✅ Must be 1999 Philadelphia issue (no mint mark)
✅ “Wide AM” spacing in “AMERICA”
✅ Normal “Close AM” pennies don’t qualify
Step 2: Magnified Inspection
- Under 10x magnification check for:
✅ Perfectly centered strike
✅ No contact marks or bag marks
✅ Full wheat stalk details
Step 3: Weight & Measurements
- Must be 2.5 grams (zinc composition)
- Exact 19.05mm diameter
- Copper plating intact with no wear
Grading Comparison
| Grade | Value Range |
|---|---|
| AU-58 | $1,000-$2,500 |
| MS-65 | $5,000-$15,000 |
| MS-70+ | $9,800,000 |
Warning: Common Fakes
❌ Altered 1998/2000 coins with added spacing
❌ Counterfeit slabs (always verify PCGS number)
❌ Artificial color enhancement
What To Do If You Find One
- Handle carefully with cotton gloves
- Photograph under LED lighting
- Submit to PCGS for Superb Gem grading
- Contact Stack’s Bowers for private sale
