The 1920 Lincoln Cent, especially one with minting errors, is highly valued among collectors. A rare example of this coin, graded MS62 by the Numismatic Guaranty Corporation (NGC), could be worth up to $26,000! This specific coin has a unique “off-center” rim error, making it a standout find for coin enthusiasts. Not only does its unusual design add value, but its excellent condition and historical significance make it even more desirable.
Let’s dive into why this coin holds so much value, the features that set it apart, and why collectors eagerly seek coins like this one.
Why is the 1920 Lincoln Cent So Valuable?
Several factors make the 1920 Lincoln Cent special. This particular coin was struck on a “dime planchet,” meaning it was made on a smaller metal disc typically used for dimes instead of pennies. This rare error gives it an unusual size and weight, just 2.5 grams, which is lighter than typical Lincoln Cents. Additionally, its crisp design and minimal wear make it a top-tier collectible.
Key Features of the Rare 1920 Lincoln Cent
The 1920 Lincoln Cent with this error is more than just a typical penny. Here’s a breakdown of what makes it unique:
- Off-Center Rim Error: This coin’s rim has a broad, low relief area from 5 o’clock to 10 o’clock, then narrows sharply between 10 o’clock and 3 o’clock, giving it an unusual appearance.
- Struck on Dime Planchet: This coin was mistakenly created on a blank meant for dimes, giving it a rare “off-metal” design not usually seen in Lincoln Cents.
- Exceptional Condition: Graded MS62 by NGC, this coin shows minimal marks and excellent detail, which adds to its value.
- Historical Significance: Being from 1920, this coin represents a piece of early U.S. coin history, adding a layer of significance that appeals to collectors.
1920 Lincoln Cent with Off-Center Error
| Feature | Description |
|---|---|
| Coin Type | 1920 Lincoln Cent |
| Minting Error | Off-center rim error |
| Material | Dime planchet (off-metal error) |
| Weight | 2.5 grams |
| Grade | MS62 (by NGC) |
| Estimated Value | $26,000 |
| Collector Appeal | High due to rarity and historical value |
How Much Is This Rare Coin Worth?
At a recent auction, this rare Lincoln Cent went up for bidding with an estimated value of $26,000. This price is driven by its unique minting error, excellent condition, and appeal among collectors. Coins with similar off-metal errors from the early series are considered collector’s items, as these errors don’t commonly appear in circulation.
Similar Valuable Error Coins
Other coins with errors have also sold for high amounts. For example, a unique penny with mismatched images—known as a “mule error”—fetched $114,000 at auction. In this case, the penny was struck with a Lincoln Cent obverse and a Roosevelt Dime reverse on the same planchet. Other examples include nickels with bold details selling for $28,200 and dimes with missing marks valued at $1,000 each.
FAQ’s
Why does the off-center rim make the 1920 Lincoln Cent valuable?
The off-center rim error is rare, making this coin highly collectible and increasing its value to enthusiasts.
Can I find a rare error coin like this in my spare change?
Finding such a rare error in circulation is unlikely. However, you might find similar coins in antique shops or as part of an inherited collection.
What should I do if I think I have a valuable coin?
Get it evaluated by a reputable grading service, like the Numismatic Guaranty Corporation (NGC) or Professional Coin Grading Service (PCGS), to determine its value and authenticity.