The penny is often overlooked, passed over at registers, or tossed into jars. Yet some pennies hold a surprising depth of history and, in certain cases, real value. The 1964 Lincoln cent is a prime example—an everyday coin that continues to intrigue collectors decades later. Its story blends mass circulation, distinctive design, and the occasional error coin that commands strong collector interest.
For numismatists, hobbyists, or even curious travelers, the 1964 penny worth is more than just copper. It is a piece of American heritage that carries the spirit of a time when coins were struck in the billions to meet the nation’s demand for change, but also when artistry and history remained embedded in every design.
The History and Design of the 1964 Penny
The 1964 penny belongs to the Lincoln Memorial cent series, which ran from 1959 to 2008. Its obverse carries one of the most iconic portraits in U.S. coinage—President Abraham Lincoln. This image was first introduced in 1909 to honor the 100th anniversary of Lincoln’s birth and was designed by Victor David Brenner, inspired by a photograph by Civil War photographer Matthew Brady.
On the reverse, the Lincoln Memorial appears, designed by Frank Gasparro. This replaced the earlier Wheat Ears reverse design used from 1909 through 1958. The memorial design included fine details, even the statue of Lincoln visible inside the building, as well as the inscriptions “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” and “ONE CENT.”
Together, these two sides of the coin reflect a balance between historic reverence and modern symbolism—a tribute to Lincoln and a unifying national icon.
Physical Characteristics and Composition
Collectors value understanding a coin’s physical attributes because these details confirm authenticity and help identify varieties. The 1964 penny has the following specifications:
Composition: 95% copper, 5% tin and zinc
Weight: 3.11 grams
Diameter: 19.05 mm
Edge: Plain (no reeding)
Mint Marks:
Philadelphia Mint: no mint mark
Denver Mint: “D” mint mark below the date
The Philadelphia and Denver mints together struck nearly 3.8 billion coins in 1964, making it one of the most widely produced pennies of the decade.
Variations and Error Coins Worth Noting
While the 1964 Lincoln cent was produced in staggering numbers, not all examples are equal in value. Most remain common, circulating for decades with only sentimental or historical appeal. Yet some carry quirks or qualities that elevate them from pocket change to collectible treasures.
Common Circulated vs. Uncirculated Examples
Circulated coins: Most 1964 cents found today are worn, showing flattened details on Lincoln’s hair and the Memorial. These generally trade at face value or slightly above in bulk lots.
Uncirculated coins: Bright red or red-brown uncirculated examples, especially those graded MS65 or higher, can fetch $5–$20 depending on the market. Proof coins from special sets may be worth more.
Error Types That Increase Value
Collectors often hunt for error coins because they are scarce by nature. Some of the most notable 1964 penny errors include:
Doubled Die Errors
Occur when design elements are impressed twice at slightly different angles.
Visible signs: doubled letters in “LIBERTY” or the date “1964.”
Value range: $50–$200+ depending on clarity and grade.
Repunched Mint Marks (RPMs)
Seen only on 1964-D coins from Denver.
Look for doubled or overlapping “D” marks beneath the date.
Collectors prize sharp, obvious examples.
Off-Center Strikes
The coin design appears shifted, sometimes missing parts of the portrait or reverse.
The greater the percentage off-center (while still showing a clear date), the higher the premium.
Clipped Planchets
A portion of the blank metal was missing before striking.
Creates curved or flat “bites” out of the coin’s edge.
Value Table for 1964 Pennies
Coin Type | Condition | Estimated Value |
Circulated (common) | Worn | $0.01 – $0.05 |
Uncirculated (Red MS65) | Mint State | $5 – $20 |
Proof (from sets) | Deep Cameo PR65+ | $10 – $40 |
Doubled Die | Clear doubling | $50 – $200+ |
RPM (1964-D) | Strong repunch | $20 – $75 |
Off-Center Strike | 20% or more off | $100 – $250+ |
Values fluctuate with demand, grading, and rarity of specific varieties.
Why Condition and Errors Matter
For collectors, two things drive the appeal of a 1964 penny:
Condition: Red, uncirculated examples with full detail are far scarcer than the billions of circulated coins.
Error coins: Each mistake represents a minting anomaly, turning an otherwise common cent into a sought-after prize.
These factors mean that while most 1964 pennies are ordinary, the right example can bring significant returns.
How to Identify and Manage Your 1964 Penny Collection
Evaluating a 1964 Lincoln cent goes beyond a quick glance at its date. Collectors should carefully inspect design details, mint marks, and overall condition. Doing so allows them to separate everyday coins from those with real potential.
Steps to Proper Identification
Check the Mint Mark
No mint mark = Philadelphia issue (most common).
Small “D” below the date = Denver Mint (3.8 billion struck).
Assess the Coin’s Condition
Look for luster, sharp detail in Lincoln’s hair, and clarity in the Lincoln Memorial.
Coins with little wear and strong color fall into higher Mint State categories.
Look for Errors and Variations
Use a magnifying glass to spot doubling, repunched mint marks, or off-center strikes.
Compare to verified examples listed in collector guides.
Using Modern Tools to Simplify the Process
Technology now makes identification and cataloging more efficient. The Coin ID Scanner app (Android and iOS) gives collectors a reliable way to handle even subtle differences. Its features include:
Photo-Based Identification: Snap a picture of your penny and instantly access details such as minting years, composition, weight, diameter, and estimated market price.
Digital Collection Management: Organize your 1964 pennies and other coins into a searchable, customizable digital library.
Extensive Database: Browse over 187,000 coins worldwide, perfect for cross-checking against similar varieties.
Smart Filters and AI Coin Helper: Refine searches, get tailored insights, and avoid misidentification mistakes.
This makes the app invaluable not only for 1964 cents but also for anyone exploring U.S. or world coinage.
Practical Tips for Collectors
Handle with Care: Always hold coins by the edges to avoid fingerprints or scratches.
Consider Professional Grading: High-value pieces benefit from authentication and grading by services like PCGS or NGC.
Research Market Trends: Auction results and collector forums provide real-time insights into current demand.
Start Small, Learn Constantly: Even circulated 1964 cents can teach beginners about coin grading and mint marks.
Why the 1964 Penny Still Fascinates Collectors
The 1964 Lincoln Memorial cent is more than a common copper coin—it’s a link to mid-20th-century American history. Its massive mintage speaks to the economic needs of the era, while its design carries enduring symbolism of unity and leadership. The presence of error varieties and high-grade survivors ensures that collectors remain interested decades later.
For beginners, the 1964 penny is a perfect entry point: affordable, plentiful, yet full of surprises. For seasoned numismatists, it offers a field of study with proofs, errors, and preservation challenges. With modern tools like the Coin ID Scanner app, discovering the hidden stories behind even the humblest cent has never been easier.
In the end, the 1964 penny reminds us that no coin is ever truly ordinary—it may hold lessons in artistry, history, and hidden value just waiting to be uncovered.