Here’s why this ordinary-looking penny is so valuable, and how you can check if you might have one in your pocket change.
The Secret Behind the $4,800 1983 Penny
The 1983 penny that sold for big money wasn’t rare because of its design—but because of its metal composition.
- In 1982, the U.S. Mint switched from 95% copper pennies to a cheaper zinc core with copper plating.
- However, some leftover bronze planchets (the copper-based blanks) were mistakenly used in 1983.
- These “transitional error” pennies are much rarer than standard zinc cents.
The difference may seem small, but it makes these coins extremely collectible—and worth thousands.
How to Spot a Rare 1983 Bronze Penny
If you’ve got a 1983 penny in your change jar, here’s what to check:
1. Weigh It
- Bronze penny: ~3.1 grams
- Zinc penny: ~2.5 grams
Use a precise digital scale. That tiny difference is the biggest clue.
2. Look for Visual Clues
- Bronze pennies: richer, darker tone
- Zinc pennies: often show pitting, streaks, or corrosion
3. Get It Verified
- Don’t clean the coin (it lowers value
).
- Submit it to a grading service like PCGS or NGC.
- Consult a professional dealer or auction house for authentication.
Why Collectors Pay Thousands for It
Because these 1983 bronze pennies shouldn’t exist, they’re considered transitional errors—a favorite among collectors.
- Only a handful are known to exist.
- At a Heritage auction, one sold for $4,800—and it wasn’t even the highest grade example!
The better the condition, the higher the price. In pristine grades, these coins could be worth far more than $5,000.
Final Thoughts: Don’t Ignore Your Pennies
Most 1983 pennies are just worth face value. But a rare few can fetch thousands of dollars.
All you need is:
A sharp eye
A digital scale
The curiosity to check your change
So next time you come across a 1983 penny, take a closer look—you might be holding a small coin with a big payday.