Most 1978 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: 1978
Face Value: $0.01
Composition: 95% copper, 5% zinc
Total Weight: 3.11 grams
The US minted the 1978 penny with no mint mark and also the 1978 D penny and 1978 S proof penny. The mint mark, when present, can be found on the obverse side of the coin below the date.
| Series | Location | Quantity Minted |
|---|---|---|
| 1978 | Philadelphia | 5,558,605,000 |
| 1978 D | Denver | 4,280,233,400 |
| 1978 S Proof | San Francisco | 3,127,781 |
Value
Most 1978 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 1978 penny with no mint mark and the 1978 D penny are each worth around $0.30 in uncirculated condition with an MS 65 grade.
The 1978 S proof penny is worth around $2.50 in PR 65 condition.
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:
