Pennies may seem small and insignificant, but some can be worth much more than you expect. One such coin is the 1970-S Small Date Penny. This rare penny is a hidden treasure for collectors, and some have sold for as much as $20,000! If you’re a coin collector or just curious about valuable coins, this article will guide you through everything you need to know about the 1970-S Small Date Penny, including how to identify it and why it’s so valuable.
What Is the 1970-S Small Date Penny?
The 1970-S penny was minted in San Francisco, and it comes in two main types: Large Date and Small Date. The Small Date version is much rarer, making it more valuable. This coin is easy to spot once you know what to look for. The most obvious difference is in the size of the date and the way the numbers are placed. The Small Date version has a smaller and more compact date than the Large Date penny.
Key Features of the Small Date Penny:
- The “7” in the date is level with the “0” and “1”.
- The “LIBERTY” inscription is often faint or weak.
- The top of the “9” is pointed, not curled like the Large Date version.
Why Is the 1970-S Small Date Penny Valuable?
The 1970-S Small Date Penny is valuable because it’s rare and in high demand among collectors. Not only is it difficult to find, but coins with unique mint errors or in high-grade condition can fetch much higher prices. Some of these pennies have sold for up to $20,000 at auctions!
Record-Breaking Sale:
A perfect condition 1970-S Small Date Penny can be worth a lot of money. Coins graded MS67 or higher by professional services such as PCGS or NGC are especially valuable. In perfect condition, these coins have sold for as much as $20,000 at auction.
Grading and Value of the 1970-S Small Date Penny:
The value of the 1970-S Small Date Penny depends on its condition, which is called its grade. Here’s a table to help you understand its estimated value based on the coin’s condition:
| Grade | Description | Estimated Value |
|---|---|---|
| MS65+ | Uncirculated, brilliant condition | $2,000-$5,000 |
| MS67+ | High-grade uncirculated | $10,000-$20,000 |
| Circulated (VG to AU) | Visible wear and tear | $50-$100 |
| Error Coin | Mint errors (e.g., doubled die) | $10,000-$20,000+ |
How to Identify the 1970-S Small Date Penny:
Identifying the Small Date Penny can be tricky. Here are a few tips that will help:
- Use Magnification: Use a magnifying glass to closely look at the date and the inscription “LIBERTY”.
- Compare with a Large Date Penny: Place the Small Date penny next to a Large Date penny to compare the differences in the size of the numbers.
- Look for a Faint “LIBERTY”: The word “LIBERTY” should look faint on the Small Date version.
- Get Professional Help: If you think you have a Small Date penny, it’s best to get it graded by services like PCGS or NGC to ensure it’s authentic.
Conclusion:
The 1970-S Small Date Penny is a rare and valuable coin that can be worth thousands of dollars, especially if it’s in great condition or has unique minting errors. If you’re a coin collector, keep an eye out for this hidden treasure—it could be the key to a huge payday! With the right knowledge, you can spot this coin and possibly add it to your collection.
FAQ’s
Why is the 1970-S Small Date Penny valuable?
The 1970-S Small Date Penny is rare and in high demand among collectors, especially those in good condition or with mint errors.
How can I identify a 1970-S Small Date Penny?
Look for a smaller date, a faint “LIBERTY” inscription, and a pointed “9”. Comparing it to a Large Date penny can also help.
What is the value of a 1970-S Small Date Penny?
A graded MS67 penny can be worth $10,000-$20,000, while circulated pennies might be worth $50-$100.