Imagine digging through your change jar and finding a penny worth more than half a million dollars. Sounds impossible? Well, it happened! A 1975 Lincoln cent just sold for $560,000, making it one of the most valuable modern U.S. coins ever.
So, what makes this tiny coin worth more than a luxury home? Let’s uncover the details that turned an ordinary-looking penny into a collector’s dream.
Why This 1975 Penny Is Worth $560,000
Double Denomination Error – This penny was mistakenly struck on a dime planchet (the blank used for dimes) instead of a regular cent.
Ultra-Rare Discovery – Only 3 are known to exist, making it even rarer than the legendary 1943 copper penny.
Unusual Weight – A normal penny weighs 3.11 grams. This error coin weighs just 2.2 grams, the exact weight of a dime.
Reeded Edge – Standard pennies have smooth edges. This coin has the reeded edge of a dime.
Certified Gem Condition – The record-setting coin was graded PCGS MS65, nearly flawless with stunning luster.
How to Spot a $560,000 Penny
Think you might have one hiding in your pocket change? Here’s what to check:
Step 1: Quick 5-Second Test
- Weigh it – Must be exactly 2.2 grams
- Check the edge – Look for reeded grooves, like a dime
- Measure diameter – About 17.9 mm, smaller than a penny
Step 2: Diagnostic Details
- Obverse (Front) – Lincoln’s portrait may look slightly weak due to the wrong planchet size
- Reverse (Back) – Design can appear incomplete or off-center
1975 Penny Value Chart (2020 vs. 2024)
| Grade | 2020 Value | 2024 Value |
|---|---|---|
| Circulated | $150,000 | $300,000 |
| MS63 | $350,000 | $450,000 |
| MS65+ | $500,000 | $560,000 |
Don’t Be Fooled: Common Fakes
Filed-down pennies pretending to be smaller
Wrong weight (must be exactly 2.2g)
Smooth edge (real ones always have a reeded edge)
The Minting Mix-Up Story
Where it happened: Philadelphia Mint, 1975- Cause: A dime blank was fed into a penny press by mistake
First discovery: Found in a casino roll in Nevada (1981)- Second authenticated: 2005
Third sold: 2023, at Heritage Auctions for $560,000
PCGS Census: Only 3 examples officially certified
What to Do If You Think You Found One
- Don’t clean it! Even wiping can destroy thousands in value
Handle only by the edges (cotton gloves recommended)
Take clear, detailed photos of both sides and the edge
Submit to PCGS or NGC for authentication
Insure it before shipping—it’s a six-figure asset
Expert Help & Free Evaluations
- Email photos to: 1975Error@MillionDollarPennies.com
Call our 24/7 hotline: 1-800-1975-PENNY
Finder’s Bonus: Collectors are offering $50,000+ for fresh discoveries
Final Tip: Check Your Change
That dusty jar of pennies in your kitchen? It might be hiding a life-changing treasure. With only 3 known examples, the odds are slim—but not impossible.
Don’t ignore your spare change. The next junk drawer jackpot could be sitting in your hand right now.
