Hello readers welcome to the new post. This post will discuss 1978 d Penny Value – what is Worth today in 2024. Ever you think about the 1978 penny value? Pennies are commonly used coins and their value is based on different parameters. In this post, we will discuss the value of a 1978 D penny in the current market. We will explain the history and different parameters related to the 1978 penny. So let’s get started with 1978 d Penny Value
Overview of the 1978 D Penny
The 1978 D penny is a small-size copper-based coin created by the US Mint. it comes with Abraham Lincoln’s photo on the front side and the Lincoln Memorial on the backside. it has a D mint market which means it was made in Denver, Colorado. As these coins are made for circulation and it created for large production and exist for regular value variations
1978 Penny Value Chart
1978 penny | MS 63 | MS 64 | MS 65 | MS 67 | MS 68 |
PF 70 DCAM
|
1978 No Mint Mark Penny
|
$4.00 | $12.00 | $24.00 | $275 | $7,750 | |
1978-D Penny
|
$10.00 | $14.00 | $20.00 | $300 | – | |
1978-S Proof Penny
|
$4,000 |
History Of The 1978 Lincoln Penny
The Lincoln penny was the first time made at the 100th birthday of the 16th USA president. It was the first coin that had a photo of any real person in USA history. The design of these coins was made by Victor D. Brenner in 1909 and this design has a photo of the president on the front side and the reverse side has two wheat stalks. This design was used for 50 years and on the 150th birthday of the president in 1959 reverse replaced with the Lincoln Memorial. The 1978 pennies are also part of the Memorial series coins that have reverse side Lincoln memorial. So these pennies are called Lincoln Memorial pennies.
The 1978 penny is the last series of coins made with 95 percent copper. The increases in prices of copper reduce its composition used for coins. There were 9,784,347,185 coins made in 1978 out of the 1978 No Mint mark penny 5,558,605,000, 1978 D penny 4,221,592,455, 1978 S proof penny 4,149,730.
1978 Lincoln Memorial Penny Features
1978 Lincoln Memorial Penny Obverse
The front side of the 1978 Lincoln Memorial penny is the same as the one made for pennies in 1909 and comes with Lincoln Photor. The photo displays the services of the president as commander-in-chief during the Civil War. The coins also have the motto IN GOD WE TRUST on this side with a minting date. The word liberty is also seen on this side. The minting mark S or D is also on this side.
1978 Lincoln Memorial Penny Reverse
The reverse side of the penny has the Lincoln Memorial which was added on pennies in 1959. The motto E · PLURIBUS · UNUM is also on this side. The country name UNITED STATES OF AMERICA is written there with denominations. In the Memorial building, there is a photo of 19 feet added.
Some other features of 1978 Lincoln pennies are
- its fae value is one cent.
- It is round shape and its diameter is 0.75 inches
- It is made with Copper (95%), 5% zinc or tin
- its weight is 0.10970 ounces and its thickness is 0.05984 inches with plain edge.
Preserving the Value of Penny
If there is any 1878 D penny or any other type of coin exists that is considered to be valuable it is good to preserve teh condition of coins. Grasp teh coins with clean hands use gloves and store them in a protective coin holder to keep them from getting damaged
Details of the 1978 Lincoln Penny
- Design: The photo of President Abraham Lincoln was made on the front side of the 1978 penny and the back side comes with the Lincoln Memorial.
- Mint Mark: This penny has a D mint mark that was made in Denver, Colorado. The mint mark exists on the back side below the memorial.
- Composition: This penny has a composition of five percent zinc and ninety-five percent copper. Coper makes coins to have a reddish-brown color.
- Diameter and Weight: 5gs weight is 2.5 grams, and with dia of 19.05 millimeters.
- Edge: Its edge does not have a ridge and has a smooth layout.
- Common Year: it is a common year penny tha mend in made in larger numbers san comes in circulation.
- No Maain Varieties: Contrary to other years these pennys not have errors or varieties tha affect their value
- Limited Numismatic Value: As the 1978 D Penny does not come with numismatic value, it can have interest for collectors as a complete set or that exists in Lincoln pennies.
- Circulation: These coins are made for circulation and can come in coin rolls.
- Condition and Grading: Its condition varies from well-circulated to uncirculated.
1978 Lincoln Penny Value Guides
- Mint mark: Three main types of mint make the 1978 Lincoln pennies, (D) for Denver, (P) for Philadelphia, and San Francisco (S). P mint mark is commonly used then D and S. A 1978 penny with a mint mark has teh higher value than a penny that does not have a mint mark
- Condition: The condition of coins is based on wear, coins age, and preservation. This penny in uncirculated can have a value of about $1.16 or more.
- Errors or varieties: There are some errors and varieties that come with 1978 Lincoln pennies. These pennies errors are doubled dies, pennies struck at dime planchet, and pennies with off-center strikes.
1978 No Mint Mark Penny Value
There were 5,558,605,000 Lincoln pennies made in 1978 without a mint mark. Their larger number makes these coins not easy to find in good condition. They have a normal value range for some coins but MS60 to MS65grade are of 0.4 to 3 dollars. High grades are high value. Such as MS66 grade coins are 25 dollars and the best selling value is 140 dollars.
Condition | 1978 RD penny |
1978 D RD penny
|
MS 60 | $0.40 | $0.20 |
MS 61 | $0.50 | $0.25 |
MS 62 | $0.60 | $0.30 |
MS 63 | $0.75 | $0.35 |
MS 64 | $1.50 | $0.50 |
MS 65 | $3 | $1 |
MS 66 | $25 | $17 |
MS 67 | $140 | $165 |
values for 1978 no-mint mark Lincoln Memorial pennies in different conditions:
Condition | Value |
---|---|
Uncirculated (MS+) | 0.40 to 25 Dollars |
Uncirculated (MS65) | 0.25 to 10 Dollars |
XF (40) | 0.10 to 0.50 Dollars |
VF (20) | 0.05 to 0.25 Dollars |
1978 D Lincoln Memorial penny Value
The D mint made about 4,221,592,455 Lincoln Memorial pennies in 1978 which is less number made as compared to Philadelphia. Their larger number makes these coins less costly. Normally has a value of 0.20 to 1.25 dollars and high grades are $17 to $165. 978 D MS 67 RD Lincoln Memorial penny sold for 546 dollars in 2008.
1978 S Penny Value
The S mint made proof coins in 1978. About 4,149,730 Lincoln Memorial pennies were having S mint. Deep cameo coins have a value range of 0.20 to 12 dollars. Perfect PR70 grade coins are 1600 dollars. The 1978 Lincoln Memorial penny for DCAM sold in 2008 for $4,313
1978 Lincoln Memorial Penny Errors
- Doubled dies: This is the common type of error that existed in the 1978 Lincoln pennies. It exists when the die strikes the coins are not properly aligned resulting in the image struck double times. It can cause a doubling of the complete photos on the coin or some parts. Double die can be important based on rarity. mostly doubling effect can seen with IN GOD WE TRUST on the front side. It has a value range of about 25 to 50 dollars
- Off-center strikes: This error is produced when the coin is not struck in the middle of the die. This may cause the image to be out of focus or even for certain portions of the image to be missing. Off-center strikes are not as valued as doubled dies, but they can still have some dollars worth. A 45% off-center 1978 MS 63 BN value is about $105. 70% off-center 1978-D Penny graded MS 64 RB sold for $175..
- Struck on a dime planchet: This error occurs if a penny is struck on a planchet. It makes the larger size of the coin than normal. Struck-on dime planchet pennies are rare and come with the value of hundreds of dollars.
- BIE: The pennies having die crack come when old or word die strike used for production. Due to this error, there is a line or ridge on WORD LIBETY between letters B and E—the coins with this error sold for $5 to $20.
- Re-Punched: As the US Mint uses manual mint mark punching, this error commonly exists on coins. SO we can find pennies with D or S at the wrong point. Coins with this error have a value range of three to ten dollars
- Filled-in mint mark: If the mint mark is not accurately struck it results in some metallic part. Though they are not uncommon like other errors it is valuable.
- Penny Struck On A Dime Planchet: The very common error for 1978 pennies struck on a dime Planchet. So we can see a penny that is punched on made of a copper-nickel alloy than a pure copper planchet.
- Penny Cud Die Break: If the die is made first it makes coins that comes with clear lines. As they got older it started to crack helping excess metallic to flow in crevices of coins blank. That is called cud breaks or die breaks. Coin with this error of MS63 RB grade sold for$160 in 2021.