A seemingly ordinary 1982 Lincoln cent shocked the coin world when it sold for $340,000 at auction 🏆. That’s right—one cent turned into a small fortune!
If you’ve got some spare change lying around, here’s how to spot, test, and identify this rare transitional error coin that could make you rich.
💎 Why This Penny Is So Valuable
In 1982, the U.S. Mint changed the composition of pennies:
- Before 1982: 95% copper (weight: 3.11g)
- After 1982: Copper-plated zinc (weight: 2.5g)
The rare $340,000 penny is a mistake — struck on a leftover copper planchet when production had already switched to zinc.
✅ Key Facts About the $340K Penny
- No mint mark (Philadelphia Mint)
- Made of solid copper instead of zinc
- Graded Mint State 67 Red (MS67RD)
- Only 5–10 coins known to exist
🔍 3 Easy Tests to Check Your 1982 Pennies
1️⃣ Weight Test ⚖️
- 3.11g → Possible rare copper penny
- 2.5g → Normal zinc penny
👉 Use a digital scale (0.01g accuracy) for best results.
2️⃣ Magnet Test 🧲
- Copper: Does not stick
- Zinc: May show slight attraction
3️⃣ Visual Inspection 🔎
- Bright reddish-copper color
- Smooth edges (no plating bubbles)
- Crisp, sharp date & lettering
💰 2024 Value Guide for 1982 Pennies
| Coin Type | Condition | Value Range |
|---|---|---|
| Copper Planchet Error | MS-60+ | $10,000 – $340,000 |
| Double Die Obverse Error | AU-50+ | $500 – $5,000 |
| Small Date Variety | Uncirculated | $5 – $50 |
| Normal Zinc Penny | Any | $0.01 |
🛡️ How to Protect & Authenticate Your Find
- ❌ Never clean your coin (it kills value)
- 🧤 Handle only by the edges (use cotton gloves)
- 🏷️ Submit to PCGS or NGC for grading
- 💬 Get a second opinion from a reputable dealer before selling
🏦 Where to Sell a Rare 1982 Penny
- Heritage Auctions (major coin auctions)
- Stack’s Bowers (premium numismatic sales)
- Specialized error coin dealers
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