The $30,000 1957 Lincoln Penny: Fact or Fiction?

The Truth About 1957 Penny Values

Most 1957 Lincoln Wheat Pennies are worth only 3¢ to $1.
But certain rare mint errors and high-grade specimens have sold for $30,000 or more at auction.

Here’s how to find out if your penny could be one of the rare treasures collectors dream about.

The $30,000+ 1957 Penny Varieties

1957 Doubled Die Obverse (DDO)

Look for strong doubling on “LIBERTY” and the date
Auction record: PCGS-certified examples sold for $25,000 – $35,000
Only 5–10 known in Mint State condition

1957 Proof-Like Business Strike

Features mirror-like fields with a frosted cameo contrast
Last MS-67+ RD example sold for $32,000

1957 “No Mint Mark” Error

Struck in Philadelphia but missing the “P” mint mark
One PCGS MS-65 example sold for $28,500

How to Check Your 1957 Penny

Quick Value Guide

Circulated: 3¢ – 50¢ (unless it has major errors)
Uncirculated (Red): $5 – $300
Graded MS-66+ RD: $1,000+
With rare errors: Up to $30,000+

Error Spotting Checklist

Doubled Die Clues

Thick, shadow-like letters in “LIBERTY”
Clear separation in date numbers

Proof-Like Features

Mirror-reflective surfaces
Frosted design details

Mint Mark Anomalies

Missing “D” (Denver) or “P” (Philadelphia)
Repunched mint marks visible under magnification

What To Do If You Think You Found One

Do NOT clean the coin – even water can reduce value
Take clear, well-lit photos of both sides
Submit for grading through PCGS or NGC
Contact Heritage Auctions for an official appraisal