If you have a 1960 penny, you might wonder if it’s valuable enough to hold on to. The value depends on factors like its mint mark, condition, and whether it has any rare errors. Some 1960 pennies can be worth several hundred dollars, especially if they are in pristine condition or proof coins.
1960 Penny Value Overview
Here’s a quick look at approximate values based on mint marks and grades:
- 1960 Philadelphia (No Mint Mark), Large Date: From $4 (MS63) to $375 (MS67)
- 1960 Philadelphia, Small Date: From $6 (MS63) to $525 (MS67)
- 1960 Denver (D), Large Date: From $8 (MS63) to $475 (MS67)
- 1960 Denver, Small Date: From $10 (MS63) to $340 (MS67)
Proof coins, especially cameo or deep cameo types, can be worth even more, with values climbing into the thousands at high grades.
History of the 1960 Penny
The 1960 penny was the second year featuring the Lincoln Memorial on the reverse side, designed by Frank Gasparro. Over two billion pennies were minted, primarily at Denver and Philadelphia, with both large and small date varieties.
The Lincoln Memorial reverse lasted until 2009 when it was replaced by the Union Shield design.
Design Details of the 1960 Penny
The obverse side features Abraham Lincoln’s profile, designed by Victor David Brenner. The date and mint marks vary between Philadelphia (no mint mark) and Denver (D mint mark). The large date version has a taller “9” and larger “6” compared to the small date.
The reverse shows the Lincoln Memorial with “ONE CENT” and the motto “E PLURIBUS UNUM” above it.
Composition and Color
The 1960 penny is made of 95% copper and 5% tin and zinc. Its color ranges from bright red to brown depending on wear and oxidation. Coins graded as red are usually more valuable, while brown coins are less desirable to collectors.
Grading and Its Impact on Value
Coins are graded on a scale from 1 (poor) to 70 (perfect mint state). Higher grades, especially MS65 and above, can significantly increase a penny’s value. Red, uncirculated coins in excellent condition are particularly sought after.
Variants and Errors to Watch For
Some 1960 pennies have mint errors like repunched mint marks or small over large date varieties. These errors can boost the coin’s value, with certain error coins selling for hundreds or even thousands of dollars.
Where to Sell Your 1960 Penny
If you decide to sell, numerous online platforms and local coin dealers offer appraisals and purchase options. Certified grading and clear photos will help you get the best price.
FAQs
How can I tell if my 1960 penny is large or small date?
Look at the “9” and “6” in the date; large date coins have taller digits, especially the “9”.
What makes a 1960 penny valuable?
Condition, color (red is best), mint mark, and any rare errors determine a penny’s value.
Are proof 1960 pennies worth more?
Yes, proof pennies, especially cameo or deep cameo types, can be worth significantly more.
Can a worn 1960 penny be valuable?
Generally, worn pennies are only worth face value unless they have rare errors.