Circulated 1960 pennies are worth approximately 2 cents.
How much is a 1960 small date penny worth?
1960 small date starts out at a $1 in circulated grades and $5 and up in MS63 and the 1960 D small date Lincoln Cent value is a few dollars less in MS and a few cents less in circulated grades. 1960-D Lincoln Cent Memorials, proof and business strikes are known for the rare varieties Small Date over Large Dates.
How much is a 1960 penny worth in 2020?
In the 1965 edition of the Red Book, published the previous year, the 1960 Small Date Proof was listed at a whopping $45. In the 2020 edition, prices range from $3 to $22, depending on numeric grade.
How much is a 1960 Lincoln Memorial penny worth?
USA Coin Book Estimated Value of 1960-D Lincoln Memorial Penny (Small Date Variety) is Worth $0.21 to $0.32 or more in Uncirculated (MS+) Mint Condition. Click here to Learn How to use Coin Price Charts. Also, click here to Learn About Grading Coins. The Melt Value shown below is how Valuable the Coin’s Metal is Worth (bare minimum value of coin).
Where is the mint mark on a 1960 Penny?
The US minted the 1960 penny with no mint mark and also the 1960 D penny. The mint mark, when present, can be found on the obverse side of the coin below the date. There are different varieties for the 1960 pennies.
Why was there a shortage of pennies in the 1960s?
In the 1960s, coin collecting became so popular that it caused a coin shortage! In an effort to reduce coin collecting, coins minted in 1965, 1966, and 1967 had no mint marks. Note: The “P” mintmark had never appeared on a penny until 2017, when the Philadelphia mint quietly released a 2017-P penny to commemorate the mint’s 225th anniversary.
How much copper is in a pre 1982 Penny?
A pre-1982 penny consists of 95% copper and 5% zinc. It contains about 2.95 grams of copper, and there are 453.59 grams in a pound. The price of copper on Dec. 10, 2019, was $2.75 a pound. That meant the copper in each penny was worth about 1.7 cents. Thus, the meltdown value of a pre-1982 penny was about 70% more than the face value.
