Most 1970 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.

1970 Penny

Specifications

Type: Lincoln Penny
Year: 1970
Face Value: $0.01
Composition: 95% copper, 5% zinc
Total Weight: 3.11 grams

The US minted the 1970 penny with no mint mark and also the 1970 D penny and 1970 S 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 1970 S pennies. There are pennies with the small dates, and pennies with the large dates. The small date pennies have a high 7 in the date, where as the large date pennies have a low 7 in the date. See the image below for reference.

1970 S Penny Small Date vs Large Date

Series Location Quantity Minted
1970 Philadelphia 1,898,315,000
1970 D Denver 2,891,438,900
1970 S San Francisco 690,560,004

Value

Most 1970 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 1970 penny with no mint mark is worth around $0.65 in uncirculated condition with an MS 65 grade.

The 1970 D penny is worth around $0.30 in uncirculated condition with an MS 65 grade.

The 1970 S penny with the small date is worth around $55 in uncirculated condition with an MS 65 grade.

The 1970 S penny with the large date is worth around $0.50 in uncirculated condition with an MS 65 grade.

Proof coins with the S mint mark are available and the value will depend on the variety. The 1970 S proof penny with the small date is valued at around $40 in PR 65 condition. The 1970 S proof penny with the large date is valued at around $1 in PR 65 condition. In total there were 2,632,810 proof coins minted.

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Doubled Die Error Coins

There is an extremely rare error variety for the 1970 S penny. On the obverse side of the coin the date and the design elements are minted twice onto the coin. This is called a doubled die error. Since these coins are extremely rare there isn't enough recent sales data to determine a price range.

Grading System

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- There are no flaws to this coin. A few blemishes may be present.

 

Sources:

The Red Book


See also:

1971 Penny
1969 Penny
1968 Penny