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 $0.042. These coins can only sell for a premium in uncirculated condition.
The 1962 penny with no mint mark is worth around $0.80 in uncirculated condition with an MS 63 grade. Uncirculated coins with a grade of MS 65 can sell for around $9.50.
The 1962 D penny is worth around $0.80 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 are available and they are each valued at around $5.50 in PR 65 condition. There were 3,218,019 proof coins minted.
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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:
1963 Penny
1961 Penny
1960 Penny