What's the worth of a 1928 penny?
The 1928 penny is a Lincoln cent that was minted in 1928. It is made of 95% copper and 5% tin and zinc. The obverse (heads side) of the coin features the Lincoln Memorial, and the reverse (tails side) features the wheat stalks. The 1928 penny is a common coin, and it is worth about 10 cents in circulated condition. However, some 1928 pennies are worth more than others. For example, a 1928 penny that is in mint condition can be worth up to $100.
The 1928 penny is a popular coin among collectors. It is one of the most common Lincoln cents, but it is also one of the most affordable. This makes it a great coin for beginning collectors. The 1928 penny is also a great coin for teaching children about coin collecting.
Here are some of the factors that can affect the value of a 1928 penny:
- Condition: The condition of a coin is one of the most important factors that affects its value. A coin that is in mint condition is worth more than a coin that is circulated.
- Rarity: The rarity of a coin also affects its value. A coin that is rare is worth more than a coin that is common.
- Errors: Coins that have errors can be worth more than coins that do not. Errors can occur during the minting process, and they can make a coin more unique and valuable.
If you have a 1928 penny, you can check its value by looking it up in a coin catalog or by taking it to a coin dealer. You can also use a coin grading service to determine the condition of your coin.
1928 penny price
The 1928 penny price can vary depending on a number of factors, including its condition, rarity, and whether or not it has any errors.
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- Condition: A coin's condition is one of the most important factors that affects its value. A coin that is in mint condition is worth more than a coin that is circulated.
- Rarity: The rarity of a coin also affects its value. A coin that is rare is worth more than a coin that is common.
- Errors: Coins that have errors can be worth more than coins that do not. Errors can occur during the minting process, and they can make a coin more unique and valuable.
- Grade: The grade of a coin is a measure of its condition. A coin's grade is determined by a professional coin grader, and it can range from 1 to 70.
- Year: The year in which a coin was minted can also affect its value. Some years are more rare than others, and this can make a coin more valuable.
- Mint mark: The mint mark on a coin indicates the mint at which it was minted. Some mint marks are more rare than others, and this can also make a coin more valuable.
For example, a 1928 penny that is in mint condition and has no errors can be worth up to $100. However, a 1928 penny that is circulated and has some errors may only be worth a few cents. Ultimately, the value of a 1928 penny depends on a number of factors, and it is important to have the coin evaluated by a professional coin dealer or grader to determine its exact value.
1. Condition
The condition of a coin is one of the most important factors that affects its value. This is especially true for rare coins, such as the 1928 penny. A coin that is in mint condition is worth more than a coin that is circulated because it is more difficult to find and is in better condition. The condition of a coin can be affected by a number of factors, including how it was stored, how it was handled, and whether or not it was cleaned.
- Storage: Coins that are stored in a cool, dry place are less likely to be damaged than coins that are stored in a humid or warm place. Coins that are stored in a plastic bag or other protective covering are also less likely to be damaged.
- Handling: Coins that are handled carefully are less likely to be damaged than coins that are handled roughly. Coins that are dropped or scratched can be damaged, and this can reduce their value.
- Cleaning: Coins that are cleaned can be damaged, and this can reduce their value. Coins should only be cleaned by a professional coin dealer or grader.
If you have a 1928 penny, it is important to store it properly and handle it carefully to protect its value. You should also avoid cleaning the coin yourself, as this could damage it. If you are not sure how to properly store or handle a coin, you should consult with a professional coin dealer or grader.
2. Rarity
The rarity of a coin is one of the most important factors that affects its value. This is because rare coins are more difficult to find, and therefore more valuable to collectors. The 1928 penny is a good example of this. While it is not a particularly rare coin, it is not as common as some other pennies from the same era. This makes it more valuable than some other pennies, and it is one of the reasons why it is worth more than its face value.
There are a number of factors that can make a coin rare. One factor is the mintage. The mintage is the number of coins that were minted in a particular year. The lower the mintage, the rarer the coin is. Another factor that can make a coin rare is the condition. Coins that are in mint condition are more rare than coins that are circulated. This is because circulated coins are more likely to be damaged, which can reduce their value.
The rarity of a coin can also be affected by its design. Some coins have unique designs that make them more popular with collectors. This can also increase their value. For example, the 1928 penny has a unique design that features the Lincoln Memorial. This design makes it more popular with collectors, and it is one of the reasons why it is worth more than some other pennies from the same era.
Understanding the rarity of a coin is important for collectors because it can help them to determine the value of a coin. Rare coins are more valuable than common coins, and this can make a big difference in the price of a coin. Collectors who are able to identify rare coins can often find them for a good price, and they can then sell them for a profit.
3. Errors
Errors can occur during the minting process for a variety of reasons. Some errors are caused by human error, while others are caused by mechanical problems. Whatever the cause, errors can make a coin more unique and valuable. Collectors are often willing to pay a premium for coins that have errors, as they are seen as being more interesting and rare.
The 1928 penny is one example of a coin that can have errors. One of the most common errors on the 1928 penny is a doubled die error. This error occurs when the die that is used to strike the coin is slightly misaligned. This can cause the design on the coin to be doubled, which can make the coin more valuable.
Another type of error that can occur on the 1928 penny is a die crack. This error occurs when a crack develops in the die that is used to strike the coin. This can cause the coin to have a raised line or ridge on its surface. Die cracks can also make a coin more valuable, especially if the crack is large or noticeable.
Understanding the connection between errors and coin value is important for collectors. Coins that have errors can be worth more than coins that do not, and this can make a big difference in the price of a coin. Collectors who are able to identify errors can often find them for a good price, and they can then sell them for a profit.In conclusion, errors can have a significant impact on the value of a coin. This is because errors make coins more unique and rare. Collectors are often willing to pay a premium for coins that have errors, and this can make a big difference in the price of a coin.
4. Grade
The grade of a coin is an important factor in determining its value. This is because the grade reflects the condition of the coin, and coins in better condition are worth more than coins in poor condition. The grade of a coin is determined by a professional coin grader, who will examine the coin and assign it a grade based on its condition.
- Appearance: The appearance of a coin is one of the most important factors that affects its grade. Coins that are free of scratches, dents, and other damage will receive a higher grade than coins that are damaged.
- Strike: The strike of a coin refers to the sharpness of the design. Coins that have a sharp strike will receive a higher grade than coins that have a weak strike.
- Luster: The luster of a coin refers to its shine. Coins that have a bright luster will receive a higher grade than coins that have a dull luster.
- Color: The color of a coin can also affect its grade. Coins that have a natural color will receive a higher grade than coins that have been artificially colored.
The grade of a 1928 penny can have a significant impact on its value. For example, a 1928 penny in mint condition (grade 70) can be worth up to $100, while a 1928 penny in poor condition (grade 1) may only be worth a few cents.
5. Year
The year in which a coin was minted can have a significant impact on its value. One of the most important reasons for this is that the mintage, or the number of coins that were minted in a given year, can vary significantly. This can lead to situations where coins from certain years are more rare than coins from other years. This is especially true for coins that were minted during periods of economic or political instability, as these events can lead to disruptions in the minting process.
The 1928 penny is a good example of how the year of mintage can affect a coin's value. The 1928 penny was minted during a period of economic prosperity in the United States. As a result, the mintage for the 1928 penny was very high. This means that there are a large number of 1928 pennies in circulation today, which makes them relatively common. As a result, the 1928 penny is not worth very much. However, if you were to find a 1928 penny that was minted during a period of economic or political instability, it could be worth significantly more.
Understanding the connection between the year of mintage and coin value is important for collectors. By understanding this connection, collectors can make informed decisions about which coins to buy and sell. Collectors who are able to identify rare coins can often find them for a good price, and they can then sell them for a profit.
6. Mint mark
The mint mark on a coin is an important factor in determining its value. This is because the mint mark can indicate the rarity of the coin. For example, the 1928 penny was minted at three different mints: Philadelphia, Denver, and San Francisco. The Philadelphia mint mark is the most common, while the San Francisco mint mark is the rarest. This makes the 1928 penny with a San Francisco mint mark more valuable than the 1928 penny with a Philadelphia mint mark.
In addition to indicating the rarity of a coin, the mint mark can also provide information about the history of the coin. For example, the 1928 penny with a Denver mint mark was minted during a period of economic growth in the United States. This makes the 1928 penny with a Denver mint mark a valuable collectible for those who are interested in the history of the United States.
Understanding the connection between the mint mark and coin value is important for collectors. By understanding this connection, collectors can make informed decisions about which coins to buy and sell. Collectors who are able to identify rare coins can often find them for a good price, and they can then sell them for a profit.
Here are some examples of how the mint mark can affect the value of a coin:
- The 1909-S VDB Lincoln penny is one of the most famous rare coins in the United States. The "S" mint mark indicates that the coin was minted at the San Francisco mint, and only a small number of these coins were minted. This makes the 1909-S VDB Lincoln penny worth a significant amount of money.
- The 1943 copper penny is another example of a rare coin that is worth a lot of money. The "D" mint mark indicates that the coin was minted at the Denver mint, and only a small number of these coins were minted. This makes the 1943 copper penny worth a significant amount of money.
These are just two examples of how the mint mark can affect the value of a coin. Collectors who are able to identify rare coins can often find them for a good price, and they can then sell them for a profit.
FAQs about 1928 penny price
The 1928 penny is a common coin, so it is not worth very much. However, some 1928 pennies are worth more than others. For example, a 1928 penny that is in mint condition can be worth up to $100. Here are some of the most frequently asked questions about the 1928 penny price:
Question 1: What is the average price of a 1928 penny?
The average price of a 1928 penny is around 10 cents. However, the price can vary depending on the condition of the coin, the rarity of the coin, and whether or not the coin has any errors.
Question 2: What is the most valuable 1928 penny?
The most valuable 1928 penny is the 1928 penny that was minted in San Francisco. This coin is rare, and it can be worth up to $100 in mint condition.
Question 3: How can I tell if my 1928 penny is valuable?
There are a few things you can look for to determine if your 1928 penny is valuable. First, check the condition of the coin. Coins that are in mint condition are worth more than coins that are circulated. Second, check the rarity of the coin. Coins that are rare are worth more than coins that are common. Third, check the coin for any errors. Coins that have errors can be worth more than coins that do not have errors.
Question 4: Where can I sell my 1928 penny?
There are a few different places where you can sell your 1928 penny. You can sell it to a coin dealer, you can sell it online, or you can sell it at a coin show. The best place to sell your coin will depend on the condition of the coin, the rarity of the coin, and the price that you are willing to accept.
Question 5: How can I learn more about 1928 pennies?
There are a number of resources available to help you learn more about 1928 pennies. You can find books, articles, and websites that can provide you with information about the history of the coin, the different types of 1928 pennies, and the value of 1928 pennies.
Summary of key takeaways:
- The average price of a 1928 penny is around 10 cents.
I hope this information is helpful. Please let me know if you have any other questions.
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Conclusion
The 1928 penny is a common coin, but it can still be valuable depending on its condition, rarity, and whether or not it has any errors. The most valuable 1928 penny is the 1928 penny that was minted in San Francisco. This coin is rare, and it can be worth up to $100 in mint condition.
If you have a 1928 penny, it is important to have it evaluated by a professional coin dealer or grader to determine its exact value. You can also use a coin catalog to research the value of your coin.
Collecting coins can be a fun and rewarding hobby. It is a great way to learn about history and to make new friends. If you are interested in starting a coin collection, the 1928 penny is a great place to start.
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