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If you’re ready to start “roll hunting,” here is the breakdown of the three hottest 2024 penny errors and varieties that collectors are currently fighting over.
1. The “W” Gouge Error (The Lincoln Shoulder Error)
This is arguably the most famous error of the 2024 series discovered so far. It is a distinct, sharply raised “W”-shaped mark located on Abraham Lincoln’s coat, specifically near the shoulder area.
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What to Look For: Inspect the area of Lincoln’s coat; you are looking for a clear, raised line that resembles the letter “W”. This is often visible even without magnification.
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Why It Exists: This is believed to be caused by a “die gouge,” where a piece of the metal die was damaged, leaving a deep indentation that creates raised metal on the struck coin.
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Estimated Value: Depending on the overall condition, these have been known to command premium prices reaching several hundred dollars.
2. The Retained Die Break (Cud)
A “Cud” or retained die break occurs when a section of the hardened steel die cracks and detaches but remains in place during the striking process.
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What to Look For: Look for a thick, blob-like raised area of extra metal on the coin’s surface, particularly along the rim.
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Why It Exists: High-pressure minting eventually causes dies to fail. Metal flows into the damaged space of the cracked die, creating an unmistakable irregularity.
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Estimated Value: Values depend on the size and location of the break; authenticated examples have sold for around $203.
3. The “Missing L” or Filled Die Error
The 2024 pennies have frequently been spotted with missing or extremely weak design elements. The most common version affects the word “LIBERTY”.
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What to Look For: Check the word “LIBERTY” on the left side of Lincoln. In severe cases, the letter “L” can be completely absent while the rest of the coin remains sharp. You should also look for missing “VDB” initials under Lincoln’s shoulder.
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Why It Exists: This is typically a “Grease Struck-Through” error. Machinery grease and debris build up in the die’s crevices, preventing the metal from flowing into the intended design.
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Estimated Value: Examples missing the VDB initials have recently sold for between $51 and $58.
Comparison of Notable 2024 Penny Error Values
| Error Type | Identifying Feature | Estimated Value |
| “W” Gouge | Raised “W” on Lincoln’s coat | $150 – $500+ |
| Retained Cud | Large blob of metal near the rim | $50 – $200+ |
| Doubled Die | Doubling on “2024” or “LIBERTY” | $40 – $117+ |
| Missing VDB | Smooth area under Lincoln’s shoulder | $50 – $60 |
How to Check Your Coins
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Use Magnification: A powerful loupe is essential for spotting smaller doubling or missing initials.
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Check the Rim: Look specifically for “Cuds” or raised irregularities along the edges.
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Inspect Mint Rolls: Fresh bank rolls often contain uncirculated coins that preserve error details better than coins found in pocket change.
Would you like me to find the latest auction results for these specific 2024 varieties to see how their prices are trending this month?
