💰 The Record-Breaking Sale
In 2024, a 1999 Wide AM Lincoln Cent graded PCGS MS-70+RD sold for a jaw-dropping $9.8 million.
What shocked the coin world even more? This same penny was rejected by 7 dealers before certification. Today, it’s recognized as one of the most valuable modern U.S. coins ever.
🔑 Key Features of the $9.8 Million Penny
✨ Perfect Condition
- The only known MS-70+ example
- 100% original mint red color – no toning
- Zero flaws, even under 40x magnification
⚡ Historic Error – “Wide AM” Variety
- Wide spacing between A and M in “AMERICA”
- Caused by an accidental proof die used in normal business strike
- Normal “Close AM” pennies from 1999 do not qualify
📜 Provenance
- Found in an original mint roll
- Dismissed by multiple dealers before experts confirmed rarity
- Considered the last surviving example from experimental striking
🕵️ How to Identify a Rare 1999 Wide AM Penny
Step 1: Verify Date & Variety
✅ Must be 1999 Philadelphia issue (no mint mark)
✅ Look for Wide AM spacing in “AMERICA”
Step 2: Magnified Inspection
Check under 10x magnification for:
✅ Perfect strike, no bag marks
✅ Sharp details on Lincoln & lettering
✅ Full wheat stalk (memorial details intact)
Step 3: Weight & Size
- 2.5 grams (zinc core, copper plated)
- 19.05mm diameter
- Even copper plating, no wear
📊 Grading Value Comparison
| Grade | Value Range |
|---|---|
| AU-58 | $1,000 – $2,500 |
| MS-65 | $5,000 – $15,000 |
| MS-70+ | $9,800,000 |
⚠️ Beware of Fakes
Unfortunately, counterfeits are everywhere. Watch out for:
❌ Altered 1998 or 2000 cents with fake spacing
❌ Counterfeit slabs – always verify the PCGS number
❌ Artificial color enhancement to mimic mint red
✅ What To Do If You Find One
👉 Handle with cotton gloves only
👉 Take HD photos under LED lighting
👉 Submit to PCGS for grading (Superb Gem category)
👉 Contact Stack’s Bowers for private sale opportunities
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