Why This “Ordinary” 1983 Penny Could Be Worth Nearly $30,000

Most 1983 Lincoln cents are ordinary zinc coins worth just a cent. But a few ultra-rare pieces were mistakenly struck on leftover copper planchets from 1982 — and they’ve turned pocket change into small fortunes!
These error coins are highly prized by collectors and have fetched over $29,000 in recent auctions.
Key Facts About the Rare 1983 Copper Cent
| Detail | Description |
|---|---|
| Metal | 95% Copper, 5% Zinc |
| Weight | 3.11g (standard zinc = 2.5g) |
| Error Type | Struck on leftover 1982 copper planchet |
| Known Examples | Estimated 10–15 total in existence |
[Insert image: side-by-side 1983 zinc vs. copper pennies for visual comparison]
Record-Breaking Auction Sale
- Final Price:
$29,250 (with buyer’s premium)
- Grade: PCGS MS64 Red
- Auction House: GreatCollections
- Date: July 2024
This record-setting coin shows that even modern pennies can carry life-changing value when the right error occurs.
How to Tell if Your 1983 Penny Is Copper
Use these simple tests to identify a possible copper planchet error
1. Weigh It
- 3.11g → Jackpot! You may have a copper cent.
- 2.5g → Common zinc penny.
2. Check the Color
- Copper: Deep, rich red tone.
- Zinc: Paler orange or dull finish.
3. Sound Test (Optional)
Drop gently on a hard surface:
- Copper: Rings with a clear tone
- Zinc: Dull “clink”
4. Magnet Test
Neither type should stick — if it does, it’s not genuine U.S. Mint copper or zinc.
2024 Value Guide for the 1983 Copper Cent
| Grade | Estimated Value |
|---|---|
| Circulated | $10,000+ |
| MS63 Red | $18,000 |
| MS65 Red | $30,000+ |
Only PCGS or NGC certified coins reach full collector value.
Best Places to Search for One
Check where these hidden treasures may still be waiting:
- Old bank rolls from the early ’80s
- Family coin jars or inherited collections
- Garage or estate sales (especially unsearched coins)
- Coinstar reject trays — yes, real finds have happened here!
Found One? Here’s What To Do Next
Handle with cotton gloves
Take clear photos (front, back, and edge)
Weigh and record the coin before mailing
Submit to PCGS or NGC for professional grading
Sell through Heritage Auctions or GreatCollections for maximum profit
Never clean the coin! Cleaning can reduce value by 90% or more.
