Most 1962 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: 1962
Face Value: $0.01
Composition: 95% copper, 5% tin and zinc or 95% copper, 5% zinc
Total Weight: 3.11 grams
In 1962 the composition of the penny changed slightly as tin was removed. Therefore some 1962 pennies contain a small amount of tin, and others don't. The value is the same for each type.
The US minted the 1962 penny with no mint mark and also the 1962 D penny. The mint mark, when present, can be found on the obverse side of the coin below the date.
| Series | Location | Quantity Minted |
|---|---|---|
| 1962 | Philadelphia | 606,045,000 |
| 1962 D | Denver | 1,793,148,140 |
Value
Most 1962 pennies in circulated condition are only worth their weight in copper. The current copper melt value for each penny is about $0.02. These coins can only sell for a premium in uncirculated condition.
The 1962 penny with no mint mark and the 1962 D penny are each worth around $0.15 in uncirculated condition with an MS-63RB grade. The value is around $1 in uncirculated condition with a grade of MS-65RD.
Proof coins with no mint mark are available and they are each valued at around $10 in PR-67RD condition. There were 3,218,019 proof coins minted.
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Grading System
MS-63RB choice uncirculated- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent. The color is red-brown.
MS-65RD gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable. The color is red.
PR-67RD proof- There are no flaws to this coin. A few blemishes may be present. The color is red.
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