If you’re a coin collector or enthusiast, you might be curious about the 1986 penny coin value. This coin, especially with errors or specific mint marks, holds potential worth that collectors value.
In this blog post, we’ll look into the different types of 1986 pennies, including those with the “D”, “S” mint marks, and those without any mint mark. We’ll also dive into what makes certain 1986 pennies more valuable due to errors.
1986 Penny Overview
The 1986 penny, also known as the Lincoln Cent, features a portrait of President Abraham Lincoln on the obverse and the Lincoln Memorial on the reverse. It was minted in large quantities across three mint facilities: Philadelphia (“No Mint Mark”), Denver (“D”), and San Francisco (“S”). While the basic 1986 penny isn’t particularly rare, certain variations and errors have increased its demand among collectors.
What Affects the 1986 Penny Coin Value?
- Mint Mark: The mint mark is crucial in determining the 1986 penny coin value. Pennies minted in different locations have different levels of rarity.
- No Mint Mark (Philadelphia): These are the most common.
- “D” Mint Mark (Denver): Slightly more common but still valuable for collectors.
- “S” Mint Mark (San Francisco): Typically more rare, especially for uncirculated versions.
- Condition: The condition of the coin is critical. Coins in excellent or uncirculated condition are often worth more than those with visible wear.
- Errors: Some 1986 pennies have striking errors, like double dies, off-center strikes, or misprints. These errors can dramatically increase a coin’s value.
1986 Penny with “D” Mint Mark: What’s the Value?
The 1986 penny minted in Denver bears the “D” mint mark. These are typically worth around 1 to 3 cents in average circulated condition. However, higher-grade examples in mint state could fetch anywhere between 10 to 30 cents. Coins in pristine condition or with specific errors can be worth much more.
Rare Errors on 1986 “D” Pennies
- Off-center Strikes: If the coin wasn’t properly centered during the minting process, it can be worth a premium.
- Double Die Errors: Double die errors occur when the die strikes the coin more than once, resulting in a blurry or shifted image.
1986 Penny with “S” Mint Mark: What’s the Value?
The “S” mint mark denotes coins struck in the San Francisco mint. These coins are typically not as common as the “D” mint pennies. The 1986 penny with an “S” mint mark can fetch anywhere from 1 to 5 cents for circulated examples. If you find an uncirculated “S” mint penny, it could be worth 10 to 50 cents or more.
Special Errors on 1986 “S” Pennies
- Proof Coins: Some 1986 pennies minted in San Francisco were proof coins. These are specially struck coins that have a shiny, mirror-like finish. They often command higher prices, especially in perfect condition.
- Die Cracks: A die crack occurs when there is a crack in the minting die, and this error can make the coin more valuable.
1986 Penny No Mint Mark: What’s the Value?
Coins minted at the Philadelphia mint have no mint mark. While these are the most common, they still have some collectible value. Circulated 1986 pennies with no mint mark are usually worth around 1 cent. Uncirculated examples may range from 5 to 15 cents.
Rare Errors on 1986 No Mint Mark Pennies
- Die Rotation Errors: This error happens when the coin is not oriented properly when struck. This type of error can increase its value significantly.
- Clipped Planchet: Occasionally, a penny may be cut or clipped before being struck, resulting in a unique shape that is sought after by collectors.
Factors Influencing 1986 Penny Value
- Error Coins: As mentioned, coins with errors often hold higher value. Errors like double dies, off-center strikes, or misprints can fetch much more than standard pennies.
- Rarity and Demand: Rarity plays a big part in the 1986 penny value. While most 1986 pennies are easy to find, the rarer error coins or certain mint mark versions can increase a coin’s worth.
- Market Trends: Coin values can fluctuate based on demand from collectors. At times, specific coins may surge in value due to market trends.
How to Identify Valuable 1986 Penny Coins
Identifying a valuable 1986 penny can be tricky, but with the right tools and knowledge, you can spot something that’s worth more than its face value.
- Look for Mint Marks: Check whether the coin has a mint mark (“D”, “S”, or none) and identify which mint produced it.
- Examine the Condition: Coins in better condition are more valuable. Look for coins with minimal wear or marks.
- Check for Errors: Use a magnifying glass to look for any errors like double dies, off-center strikes, or unusual shapes.
Where to Sell 1986 Penny Coins
If you have a valuable 1986 penny, there are a few ways to sell it:
- Coin Shops: Local coin dealers can help assess your coin’s value and may offer to purchase it.
- Online Auctions: Platforms like eBay offer a global marketplace where you can list your 1986 penny for sale.
- Coin Shows: Attending a coin show can give you a chance to sell your coins to other collectors or dealers.
FAQs
1. How much is a regular 1986 penny worth?
A regular 1986 penny in good condition is worth about 1 cent, but errors or rare versions may be worth more.
2. What’s the difference between a 1986 “D” and “S” penny?
The “D” penny was minted in Denver, while the “S” penny was minted in San Francisco, and the “S” mint pennies are generally rarer.
3. Can I sell my 1986 penny coin online?
Yes, you can sell your coin through online auction platforms like eBay.
4. What types of errors make the 1986 penny valuable?
Errors like double dies, off-center strikes, or die cracks can make the 1986 penny worth more.
5. How can I tell if my 1986 penny is valuable?
Check for mint marks, examine the condition of the coin, and look for errors that might increase its value.