On the face of it, a penny minted in 1973 would appear to be worth a mere cent—simple, uncomplex, and not worth preserving. But look further, and you will observe that there is more to this simple penny than appears at first glance. In good condition, with a mint mark, or with errors, the value of the 1973 penny can be many times its face value, now with the expanded coin-collecting market.
In this tutorial, we will discuss it all—including the history of this Lincoln Memorial cent, key varieties, determining if you possess valuable proof coins, and some high-value 1973 penny examples—and guide you to find guides to instruct you on how to determine and value your 1973 penny.
On the face of it, a penny minted in 1973 would appear to be worth a mere cent—simple, uncomplex, and not worth preserving. But look further, and you will observe that there is more to this simple penny than appears at first glance. In good condition, with a mint mark, or with errors, the value of the 1973 penny can be many times its face value, now with the expanded coin-collecting market.
In this tutorial, we will discuss it all—including the history of this Lincoln Memorial cent, key varieties, determining if you possess valuable proof coins, and some high-value 1973 penny examples—and guide you to find guides to instruct you on how to determine and value your 1973 penny.
The Lincoln Memorial cent, issued 1959-2008, bears Abraham Lincoln on the obverse and the Lincoln Memorial on the reverse—such as the small statue of Lincoln seen in the interior. The design was established in remembrance of Lincoln and to replace the reverse wheat cent design.
Similar to all pennies of this era, the 1973 penny features the words "LIBERTY," "IN GOD WE TRUST," and "E PLURIBUS UNUM" above the Lincoln Memorial—all common features of U.S. coins.
The year 1973 is valuable to collectors because it is a pre-zinc time when coins were still manufactured in solid copper. As a matter of fact, pennies minted in 1973 consist of 95% copper, as opposed to subsequent cents that contain less copper, thus making such cents more valuable to collectors. The traditional features of the coin make it a valuable addition to any collection.
Three mints made the 1973 penny: Philadelphia (no mint mark), Denver (with mark "D"), and San Francisco (with mark "S"). The mint marks affect value and rarity. Mint marks are one of the most important factors in the collector's value of coins because they can significantly impact the worth of a coin.
| Mint | Mint Mark | Mintage | Type |
|---|---|---|---|
| Philadelphia | (none) | 3.72 billion+ | Regular circulation |
| Denver | D | 3.54 billion+ | Regular circulation |
| San Francisco | S | 2.76 million (approx.) | Proof coins only |
San Francisco Mint coins cannot be found in circulation because they were proof coins that were specifically produced for collectors and released in sets. They are more precise, have sharp strikes and mirror-like fields, and are considered rare in mint condition today.
If you are wondering how much your 1973 penny will be worth, it all depends on several things—condition, whether it's a proof or an ordinary coin, whether it's from a special mint, and whether it has errors or variety traits.
Most commonly traded coins are face value—one cent. Yet, the higher-graded RD (Red) specimens or professionally graded mint state coins can be worth more on the secondary market.
| Type | Circulated Value | MS-65 RD (Uncirculated) | Proof PR-65 |
|---|---|---|---|
| 1973 (No Mark) | $0.01–$0.05 | $5–$12 | N/A |
| 1973-D | $0.01–$0.05 | $5–$10 | N/A |
| 1973-S (Proof) | N/A | N/A | $1.50–$7 |
Well-graded pennies that are graded typically perform well when sold, particularly when collector interest is at an all-time high. Webplaces such as eBay or Heritage Auctions provide some evidence of 1973 pennies selling in excess of $50 if they contain substantial errors or have been graded by such firms as PCGS or NGC.
Error pennies are among the most thrilling discoveries for avid collectors and fans alike. There are certain varieties or minting flaws that render a normal penny both rare and valuable far above what one would ever consider. Some of the most salient 1973 penny errors include:
Doubling of the date, LIBERTY, or IN GOD WE TRUST identifies these coins. These are very valuable errors and can fetch $100 or more based on condition.
Off-center struck coins (particularly those coins with dated sightings) are a true gem. The more off-center the strike, the higher the value of the penny.
When a blank is clipped partially off the metal strip, then it is crescent-shaped. A single mistake, even if uncommon, makes a coin more valuable and interesting.
These features increase both collector value and trade value. Double-check any unusual-appearing coin prior to selling or using it.
The condition of a 1973 penny is usually graded by color, particularly for older copper pennies. The three words assist in determining value:
These have maintained most of their original reddish hue and luster. They are worth the most and are in the greatest demand.
A fill-in color between red and full brown. Less desirable than full browns but superior to RD.
A product of oxidation over time, brown pennies are worth the least but are collectible.
Coin color, as with grade, is employed by grading companies to further distinguish quality and resale value. A Red finished Mint State graded 1973 penny will be worth more to purchase than a Brown finished specimen.
Grading and certifying will significantly increase a coin's trust and market value—particularly if it's Mint State or contains unusual errors. A certified coin is held in a tamper-evident holder that bears its grade and color printed clearly, which will be appealing to serious collectors.
But certifying isn't cheap—usually $20 or more—so save it for coins that may sell for greater than that. Don't squander it if you don't know, and get another opinion from a coin dealer or coin collector.
What it takes to authenticate your 1973 penny is the first step toward learning its true value.
Begin by looking at the mint mark on the front of the coin—below the date if there is a "D" (Denver) or an "S" (San Francisco), or nothing at all (Philadelphia). It may seem like such a little thing, but it may be very important to your penny's scarcity and value.
Then examine the face value—it will say "one cent"—and check that on the back there is the traditional Lincoln Memorial design, with the "E PLURIBUS UNUM" motto above. That way you'll know you have a genuine Lincoln Memorial cent from 1973.
Examine your coin very closely for mistakes or oddities, like a double die, off-center strike, or clipped planchet. These will be much sought after by collectors and will greatly increase your penny value.
Condition is everything: a pretty, gently used penny always prevails. Check the surface of your coin against certified pieces online, and see if it has its original red copper glow—1973 pennies must be at least 95% copper.
To create a sense of recent market value, investigate past sales on eBay or talk to well-established collectors and dealers.
If you consider your coin exceptional or exceptional, have it graded by one of the established grading companies, such as PCGS or NGC. Other than checking authenticity, this can also make your coin more attractive to potential buyers.
Lastly, don't hesitate to look at coin collector forums or professionals for a professional opinion. Remember that a mix of condition, rarity, and unique characteristics will ultimately decide how much your 1973 penny is truly worth.
Whether you’re just starting out or looking to expand your collection, collecting 1973 pennies can be both fun and rewarding.
Begin by familiarizing yourself with the different types of 1973 pennies—regular circulation coins and the highly collectible proof coins from the San Francisco mint.
We must master the mint mark system. Whether a mint mark is significant to a coin's worth or not, be sure to look for "D" (Denver), "S" (San Francisco), or no mark (Philadelphia) on the obverse.
Even glance at the Lincoln Memorial design and details, such as the "E PLURIBUS UNUM" motto. Not only do they enhance the coin's beauty, but they also assist in identifying genuine coins.
Search for flaws such as double die or off-center strikes—these unusual deviations are highly sought after by collectors. Connecting with online clubs and forums for coin collectors is an excellent way to learn from others, swap finds, and get the latest news.
Buy a good coin album or folder in which to place and maintain your collection. Handle your coins gently and store them in a cool, dry environment to help keep them in good condition.
Keep up with the market by reading up on recent sales and visiting coin shows. This will inform you as to what is in demand and perhaps how valuable your coins are.
And most of all, enjoy yourself—coin collecting is an adventure with discovery and history. Always verify authenticity and condition on your coins prior to selling or buying to get the best exchange.
The market in 1973 pennies is active, with prices fluctuating depending on collector demand and availability. Today, error coins that are rare, like those featuring double die or off-center strikes, are prized items and frequently command premiums.
Proof San Francisco mint coins, particularly the high-grade and certified coins, are also among the best. The "S" mint mark coins are a main draw among collectors because these were not assigned to general circulation and are hence limited in availability.
Although circulation coins in good condition are still popular, they're not usually worth as much as error coins or proof coins unless they're in mint condition too. Both definitive characteristics and grading certificates will have a powerful impact on sales prices.
Sites such as eBay offer the real-time picture of market demand, i.e., present sales prices and amounts. Attendance at coin shows and sales is a great method to determine demand as well as familiarize yourself with other collectors and dealers.
Remember, the coin market changes quickly. Be up to date, regularly check your coins for condition and authenticity, and consider having items you value most certified. Being up to date and adhering to strict standards will work in your favor when it comes to gaining the most out of your collection of 1973 pennies.
If you think that your 1973 penny is worth something, you can sell it on:
There are always collectors in America looking for top-grade Lincoln Memorial pennies to add to their collection, particularly proof coins or coins with special features.
To maximize your profit, display the coin with good photos of the obverse, reverse, and any visible error marks. Add a mint mark, condition, and, if possible, include certified grading details.
The 1973 penny's worth is based mainly on the condition of the coin, the mint, and if it's of a particular variety. While most are still worth only face value, a keen eye can often spot an unseen gem.
Whether you’re saving it for money, trade, or personal collection, don’t underestimate this common little coin. From its copper glow to its classic American design, the 1973 penny remains a piece of history—and a source of fascination for generations of collectors.
If you have questions about the 1973 penny's worth or just would like to post your own experiences, leave a comment.
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