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.
Type: Lincoln Penny
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.
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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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.