This tiny design error could turn your pocket change into a $25,000 payday. The 1992 Close AM Lincoln Cent is one of the rarest transitional errors in modern U.S. coinage—and it’s still hiding in circulation.
We specialize in authenticating high-value Lincoln cent varieties, and the 1992 Close AM is among the most coveted. Here’s what makes it so valuable—and how to identify one.
What Is the 1992 Close AM Error?
Reverse Design Anomaly:
- The “A” and “M” in “AMERICA” are touching or nearly touching
- Normal 1992 pennies have a wide space between the letters
- This proof-only reverse design was mistakenly used on regular circulation coins
Obverse Side:
- Standard 1992 Lincoln design
- Found with both no mintmark (Philadelphia) and “D” mintmark (Denver)
- 1992-D version is far rarer and significantly more valuable
Error Type Breakdown
Transitional design error- Proof reverse die used on business strikes
- Confirmed variety in the Cherrypickers’ Guide (FS-901)
- One of the rarest Lincoln Memorial cent reverses ever made
2024 Value & Auction Prices
| Grade | PCGS Market Value | Auction Record |
|---|---|---|
| MS-63 RD | $8,000–$12,000 | $13,200 |
MS-65 RD  |
$15,000–$20,000 | $25,850  |
| MS-67 RD | Extremely rare | Not yet publicly sold |
5-Step Expert Authentication Process
Macro Zoom of “AM” Spacing
- Confirm tight letter spacing — “A” and “M” nearly touch
Mintmark Verification
- Clear 1992 or 1992-D date
- No damage or mechanical doubling — must be die variety
Reverse Diagnostics
- Position of FG initials (Frank Gasparro) confirms reverse die match
Color & Grade Matters
- Red coins (RD) bring top value
- MS (Mint State) grades = collector gold
Third-Party Grading
- Must be certified by PCGS or NGC
- Look for FS-901 designation on label
Why It’s Worth $25,000+
Fewer than 20 confirmed 1992-D Close AMs exist
Rare proof die used on business strikes
Requires high magnification to identify
Highly sought after by Lincoln cent collectors and registry set builders
How to Sell One (If You’re Lucky Enough)
Best Auction Houses:
- Heritage Auctions (U.S. Signature Sales)
- GreatCollections
- Legend Rare Coin Auctions
Private Sales:
- Deal directly with high-end Lincoln cent collectors
- Feature it in “Transitional Error Showcase” registry sets
High-End Submissions (for $10K+ Coins)
Includes:
- Ultra-HD coin imaging
- Certified weight & diameter
- Professional video proof of “AM” spacing
- Market brief + valuation trends
- Dealer & auction placement roadmap
Certified Value Valid Through: Sept 30, 2025
Next Evaluation Window Closes in 4 Days
Reply “1992CAM” to Request Priority Submission Access
“Even expert collectors miss this—it’s one of the best-kept secrets in modern numismatics.”
— PennyVerse Transitional Error Division
