Most 1960 Lincoln pennies aren't valuable. However these pennies can sell for a premium in uncirculated condition. Keep reading to learn more about these one cent coins.
Specifications
Type: Lincoln Penny
Year: 1960
Face Value: $0.01
Composition: 95% copper, 5% tin and zinc
Total Weight: 3.11 grams
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. There are pennies with the small date, and pennies with the large date. See the image below for reference.
| Series |
Location |
Quantity Minted |
| 1960 |
Philadelphia |
586,405,000 |
| 1960 D |
Denver |
1,580,884,000 |
Value
Most 1960 pennies in circulated condition are only worth their weight in copper. The current copper melt value for each penny is about $0.029. These coins can only sell for a premium in uncirculated condition.
Small Date Coins
The 1960 penny with no mint mark and the small date is worth around $4.10 in uncirculated condition with an MS 63 grade. Uncirculated coins with a grade of MS 65 can sell for around $6.75.
The 1960 D penny with the small date is worth around $4.10 in uncirculated condition with an MS 63 grade. Uncirculated coins with a grade of MS 65 can sell for around $11.
Proof coins with no mint mark and the small date are available and they are each valued at around $13.50 in PR 65 condition.
Large Date Coins
The 1960 penny with no mint mark is worth around $4.10 in uncirculated condition with an MS 63 grade. Uncirculated coins with a grade of MS 65 can sell for around $11.
The 1960 D penny is worth around $4.10 in uncirculated condition with an MS 63 grade. Uncirculated coins with a grade of MS 65 can sell for around $8.
Proof coins with no mint mark and the large date are available and they are each valued at around $1.90 in PR 65 condition.
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D Over D, Small Date Over Large Date Error Coins
There is a rare error variety for the 1960 D penny. On the obverse side of the coin the D mint mark is minted over an outline of another D mint mark. In addition the small date is minted over a large date.
This error coin is worth around $100 in uncirculated condition with an MS 63 grade. The value is around $155 in uncirculated condition with a grade of MS 65.
Grading System
MS 63 choice uncirculated- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent.
MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable.
PR 65 proof- An attractive coin with only small flaws. A few blemishes or contact marks may be present.
Sources:
The Red Book
See also:
1961 Penny
1959 Penny