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.

1978 Penny

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:

1979 Penny
1977 Penny
1976 Penny