Millions of 1992 pennies were made… but only a tiny number have the rare “Close AM” mistake. One certified example has even sold for $20,700+ at auction — so checking your pocket change is absolutely worth it. 
This guide walks you through everything you need to know:
how to spot one, how to confirm it’s real, what it’s worth, and where to sell it.
Quick Overview: Why This Penny Is Special
- The A and M in the word AMERICA on the reverse are extremely close together — almost touching.
- This happened because a 1993 reverse die was accidentally used on a small number of 1992 and 1992-D pennies.
- With billions produced, the Close AM coins are needle-in-a-haystack rare.
- The highest known auction result for a certified example reached $20,700+.
How to Check Your 1992 Penny (Step-by-Step)
1. Check the Date
Only 1992 or 1992-D pennies can have the Close AM.
2. Flip to the Reverse
Look at the word AMERICA under the Lincoln Memorial.
3. Use Magnification
A 10x–20x loupe or a phone macro lens works great.
4. Focus on A and M
- Close AM (RARE): The A and M are almost touching
- Wide AM (COMMON): There is a clear gap between the letters
5. Look at the “FG” Initials
On many Close AM varieties, the FG appears a bit closer to the Memorial than normal.
6. Compare With Trusted Photos
Before celebrating, compare your coin with images from PCGS, NGC, or verified numismatic sources.
What Are They Worth?
Values vary a lot depending on condition and certification:
- High-grade certified coins (MS64–MS65 Red/Gem):
Thousands to low five figures - Circulated confirmed examples:
Typically hundreds to a few thousand - Top auction record:
A certified 1992-D Close AM reached $20,700+
Remember:
Certification + high grade = highest possible value.
Should You Get It Graded?
Absolutely — if it looks promising.
- Grading companies: PCGS, NGC, ANACS
- Never clean the coin (cleaning destroys value)
- Get clear, well-lit photos before submitting
- A grade from a respected service dramatically increases resale value
Best Places to Sell
For High-Value Finds
- Major auction houses like Heritage or Stack’s Bowers
(They reach serious collectors willing to pay top dollar)
For Fast Sales
- Reputable coin dealers
- Certified-coin marketplaces
- Verified eBay sellers (lower prices than large auctions, but quicker)
Local coin shops
Convenient but usually offer lower payouts.
Important Tips Before Selling
Confirm it’s really a Close AM- Get it authenticated and graded
- Store it safely
Don’t clean it- Don’t sell to unknown buyers without verification
- Don’t rely on hype — rely on grade and authenticity
Final Thoughts
Finding a 1992 Close AM is rare, but not impossible — collectors and everyday people have pulled valuable examples from coin rolls, jars, and old change. Take a few minutes to check your pennies. You never know… your next coin could be a four- or five-figure surprise. 
