1964 Mini Penny Value

What is the value of a 1964 mini penny?

The 1964 mini penny, also known as the small penny or the dime, is a one-cent coin minted by the United States Mint from 1964 to 1982. It is the smallest and lightest coin in the US currency system, with a diameter of 17.91 mm and a weight of 2.5 grams. The coin is composed of copper-plated zinc, and its obverse features the Lincoln Memorial, while its reverse features the words "United States of America," "One Cent," and the year of minting.

The 1964 mini penny was introduced as a cost-saving measure, as the previous large penny, which was made of copper, was becoming increasingly expensive to produce. The mini penny was initially unpopular with the public, as it was smaller and lighter than the large penny and was often mistaken for a dime. However, the coin eventually gained acceptance, and it remained in circulation until 1982, when it was replaced by the zinc-plated steel penny.

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The value of a 1964 mini penny varies depending on its condition and rarity. A common 1964 mini penny in good condition is worth about 10 cents, while a rare 1964 mini penny in mint condition can be worth hundreds of dollars.

1964 Mini Penny Value

The 1964 mini penny, also known as the small penny or the dime, is a one-cent coin minted by the United States Mint from 1964 to 1982. It is the smallest and lightest coin in the US currency system, with a diameter of 17.91 mm and a weight of 2.5 grams. The coin is composed of copper-plated zinc, and its obverse features the Lincoln Memorial, while its reverse features the words "United States of America," "One Cent," and the year of minting.

• Size: 17.91 mm in diameter
• Weight: 2.5 grams
• Composition: Copper-plated zinc
• Obverse: Lincoln Memorial
• Reverse: "United States of America," "One Cent," and the year of minting
• Value: 1 cent
• Minted: 1964 to 1982
• Replaced by: Zinc-plated steel penny

The 1964 mini penny was introduced as a cost-saving measure, as the previous large penny, which was made of copper, was becoming increasingly expensive to produce. The mini penny was initially unpopular with the public, as it was smaller and lighter than the large penny and was often mistaken for a dime. However, the coin eventually gained acceptance, and it remained in circulation until 1982, when it was replaced by the zinc-plated steel penny.

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The value of a 1964 mini penny varies depending on its condition and rarity. A common 1964 mini penny in good condition is worth about 10 cents, while a rare 1964 mini penny in mint condition can be worth hundreds of dollars.

1. Size

The size of the 1964 mini penny is an important factor in determining its value. The smaller size of the mini penny, compared to the previous large penny, was a cost-saving measure introduced in 1964. The mini penny's smaller size allowed the Mint to produce more coins from the same amount of metal, which saved money on production costs.

• Cost savings: The smaller size of the mini penny allowed the Mint to produce more coins from the same amount of metal, which saved money on production costs.
• Public acceptance: Initially, the mini penny was unpopular with the public, as it was smaller and lighter than the large penny and was often mistaken for a dime. However, the coin eventually gained acceptance, and it remained in circulation until 1982, when it was replaced by the zinc-plated steel penny.
• Collector value: The mini penny's small size and unique design make it a popular collector's item. Rare 1964 mini pennies in mint condition can be worth hundreds of dollars.

Overall, the size of the 1964 mini penny is an important factor in determining its value, both in terms of its historical significance and its collectibility.

2. Weight

The weight of a 1964 mini penny is an important factor in determining its value. The mini penny's light weight, compared to the previous large penny, was a cost-saving measure introduced in 1964. The mini penny's lighter weight allowed the Mint to produce more coins from the same amount of metal, which saved money on production costs.

• Cost savings: The lighter weight of the mini penny allowed the Mint to produce more coins from the same amount of metal, which saved money on production costs.
• Public acceptance: Initially, the mini penny was unpopular with the public, as it was smaller and lighter than the large penny and was often mistaken for a dime. However, the coin eventually gained acceptance, and it remained in circulation until 1982, when it was replaced by the zinc-plated steel penny.
• Collector value: The mini penny's light weight and unique design make it a popular collector's item. Rare 1964 mini pennies in mint condition can be worth hundreds of dollars.

Overall, the weight of a 1964 mini penny is an important factor in determining its value, both in terms of its historical significance and its collectibility.

3. Composition

The composition of a 1964 mini penny is an important factor in determining its value. The mini penny is composed of copper-plated zinc, which was a cost-saving measure introduced in 1964. The previous large penny was made of copper, which was becoming increasingly expensive to produce. The copper-plated zinc composition of the mini penny allowed the Mint to produce more coins from the same amount of metal, which saved money on production costs.

In addition to its cost-saving benefits, the copper-plated zinc composition of the mini penny also gives it a unique appearance. The copper plating gives the coin a reddish-brown color, which is different from the copper color of the large penny. The zinc core of the coin also gives it a slightly different weight and feel than the large penny.

Overall, the copper-plated zinc composition of the 1964 mini penny is an important factor in determining its value. The cost-saving benefits of the copper-plated zinc composition make the mini penny a valuable coin to collectors, and its unique appearance makes it a popular collectible.

4. Obverse

The obverse of the 1964 mini penny features the Lincoln Memorial, which is a national monument in Washington, D.C., built to commemorate Abraham Lincoln, the 16th President of the United States. The Lincoln Memorial is a popular tourist destination and is considered to be one of the most iconic landmarks in the United States.

The Lincoln Memorial was designed by architect Henry Bacon and was completed in 1922. The memorial is made of white marble and features a large statue of Abraham Lincoln, which is seated in a chair. The memorial also features two large chambers, which are decorated with murals and inscriptions. The Lincoln Memorial is a popular tourist destination and is considered to be one of the most iconic landmarks in the United States.

The Lincoln Memorial was chosen as the obverse design for the 1964 mini penny because it is a symbol of American democracy and freedom. Abraham Lincoln was a great leader who helped to preserve the Union during the Civil War. The Lincoln Memorial is a fitting tribute to Lincoln's legacy and is a reminder of the importance of democracy and freedom.

5. Reverse

The reverse of the 1964 mini penny features the words "United States of America," "One Cent," and the year of minting. These elements are essential to the coin's value, as they provide important information about the coin's origin, denomination, and age.

• Country of origin: The words "United States of America" indicate that the coin was minted in the United States. This is important information for collectors, as it can help them to determine the coin's rarity and value.
• Denomination: The word "One Cent" indicates that the coin is worth one cent. This is the lowest denomination of coin in the United States, and it is commonly used in everyday transactions.
• Year of minting: The year of minting is important for collectors, as it can help them to determine the coin's age and rarity. The 1964 mini penny was the first year that the mini penny was minted, and it is therefore a popular collector's item.

Overall, the reverse of the 1964 mini penny is an important factor in determining the coin's value. The words "United States of America," "One Cent," and the year of minting provide essential information about the coin's origin, denomination, and age. This information is useful for collectors and can help them to determine the coin's rarity and value.

6. Value

The value of the 1964 mini penny is 1 cent, which is the lowest denomination of coin in the United States. This means that the 1964 mini penny is worth 1/100 of a dollar. The value of the 1964 mini penny has remained the same since it was first minted in 1964, although its purchasing power has decreased over time due to inflation.

• Role in the monetary system: The 1 cent coin is the lowest denomination of coin in the United States, and it is used in everyday transactions for small purchases. The 1 cent coin is also used as change for larger purchases.
• Purchasing power: The purchasing power of the 1 cent coin has decreased over time due to inflation. In 1964, 1 cent could buy a postage stamp or a piece of candy. Today, 1 cent can only buy a small fraction of those items.
• Collector value: The 1964 mini penny is a popular collector's item, and some rare 1964 mini pennies can be worth hundreds of dollars. The value of a 1964 mini penny depends on its condition, rarity, and collector demand.

The value of the 1964 mini penny is 1 cent, but its value to collectors can be much higher. The 1964 mini penny is a popular collector's item, and some rare 1964 mini pennies can be worth hundreds of dollars. The value of a 1964 mini penny depends on its condition, rarity, and collector demand.

7. Minted

The 1964 mini penny was minted from 1964 to 1982. This period of time is significant because it represents the years in which the mini penny was produced. The mini penny was introduced in 1964 as a cost-saving measure, and it remained in circulation until 1982, when it was replaced by the zinc-plated steel penny.

The fact that the 1964 mini penny was minted for such a long period of time is a key factor in determining its value. The longer a coin is minted, the more likely it is to be found in circulation, which can decrease its value. However, the 1964 mini penny is still a popular collector's item, and some rare 1964 mini pennies can be worth hundreds of dollars.

Overall, the fact that the 1964 mini penny was minted from 1964 to 1982 is an important factor in determining its value. The long period of time that the coin was minted makes it more likely to be found in circulation, which can decrease its value. However, the 1964 mini penny is still a popular collector's item, and some rare 1964 mini pennies can be worth hundreds of dollars.

8. Replaced by

The fact that the 1964 mini penny was replaced by the zinc-plated steel penny in 1982 is a key factor in determining its value. The zinc-plated steel penny was introduced as a cost-saving measure, as it was less expensive to produce than the mini penny. The zinc-plated steel penny is also more durable than the mini penny, which means that it is less likely to be damaged in circulation.

The replacement of the mini penny by the zinc-plated steel penny has had a significant impact on the value of the mini penny. The mini penny is now a collector's item, and some rare mini pennies can be worth hundreds of dollars. The value of a mini penny depends on its condition, rarity, and collector demand.

Overall, the fact that the 1964 mini penny was replaced by the zinc-plated steel penny in 1982 is a key factor in determining its value. The replacement of the mini penny by the zinc-plated steel penny has made the mini penny a collector's item, and some rare mini pennies can be worth hundreds of dollars.

FAQs about 1964 Mini Penny Value

The 1964 mini penny, also known as the small penny or the dime, is a one-cent coin minted by the United States Mint from 1964 to 1982. It is the smallest and lightest coin in the US currency system, with a diameter of 17.91 mm and a weight of 2.5 grams. The coin is composed of copper-plated zinc, and its obverse features the Lincoln Memorial, while its reverse features the words "United States of America," "One Cent," and the year of minting.

Here are some frequently asked questions about the 1964 mini penny value:

The value of a 1964 mini penny varies depending on its condition and rarity. A common 1964 mini penny in good condition is worth about 10 cents, while a rare 1964 mini penny in mint condition can be worth hundreds of dollars.

The value of a 1964 mini penny is affected by a number of factors, including its condition, rarity, and collector demand. Coins that are in mint condition are worth more than coins that are damaged or worn. Rare coins are also worth more than common coins. Collector demand also plays a role in determining the value of a coin.

There are a few ways to tell if a 1964 mini penny is rare. One way is to look at the mint mark. Coins that were minted in Philadelphia do not have a mint mark, while coins that were minted in Denver have a "D" mint mark, and coins that were minted in San Francisco have an "S" mint mark. Coins with a low mintage are also more likely to be rare.

There are a number of places where you can sell a 1964 mini penny. You can sell your coin to a coin dealer, at a coin show, or online. If you are selling your coin online, be sure to research the different options to find the best price.

There are a few ways to protect your 1964 mini penny. One way is to store your coin in a coin flip or a coin tube. You should also store your coin in a cool, dry place away from direct sunlight. By following these tips, you can help to preserve the value of your 1964 mini penny.

Overall, the 1964 mini penny is a valuable coin that can be worth a significant amount of money. If you have a 1964 mini penny, be sure to have it appraised to determine its value.

For more information about the 1964 mini penny, please visit the following websites:

• CoinWorld
• PCGS
• NGC

Conclusion

The 1964 mini penny is a valuable coin that can be worth a significant amount of money. The value of a 1964 mini penny depends on a number of factors, including its condition, rarity, and collector demand. If you have a 1964 mini penny, be sure to have it appraised to determine its value.

The 1964 mini penny is a reminder of a time when the United States was facing economic challenges. The coin was introduced as a cost-saving measure, and it remained in circulation for almost two decades. The 1964 mini penny is a valuable piece of history, and it is a popular collector's item.

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