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The price tag most people give is around $0.01 to $10.00. However, the low mintage wasn’t an issue since proof pennies were issued for collectors and not for circulation. In 1962, there were only 3.2 million proof pennies. The proof coins are shinier, more detailed, and more gorgeous than the regular-strike coins. Today, the Philadelphia Mint is more focused on producing regular pennies and the San Francisco Mint usually produces proof coinage. MS-65 graded pennies are also difficult to find.Īside from producing regular strike pennies, the Philadelphia Mint in 1962 produced proof coins as well. Most collectors would try to go through original rolls and unsealed Mint bags only to find 1962-D pennies in MS-62, MS-63, and MS-64 condition. In fact, it’s the second most difficult to find, next to 1963-D. The price can be higher if it is favorably graded.Īccording to the PCGS, the 1962-D is difficult to find in grades of MS-66 and higher. You can buy 1962 pennies for about $0.01 to $7.00 if the coin is in circulated condition. So, you can see here that the penny is actually abundant. In the following year, in 1963, the Denver Mint also produced almost the same number of pennies. The Denver Mint produced more than 1.79 billion 1962 D pennies. Brenner (obverse) / Frank Gasparro (reverse) Take a look below to know more about the 1962 Lincoln penny varieties: 1962 D Lincoln Pennyĭesigner: Victor D. There were a total of over 2.4 billion pennies struck in 1962.Īside from the standard varieties, there are error penny coins, which gave rise to different and new varieties. These are the 1962 P, 1962 proof, and 1962 D Lincoln pennies. The 1962 Lincoln cent or penny has three official varieties issued by the U.S. It has then paved the way for other coins to have a president’s face on them. The Lincoln penny became the first and most widely issued US coin with a president’s face. Yet, when the Lincoln penny was released, contrary to popular belief, the public was happy to see the coin. That is the reason when the plan that Lincoln’s face will be added to the US penny was announced, some believed that it won’t be generally accepted by the public. Prior to 1909, the overall feeling of the general public was that having a US president on a coin felt like it is excessively monarchical.

So the timing of adding Lincoln to the coin was just right. The year 1909, the same year when the Lincoln penny was first struck, was the same centennial year of Lincoln’s birth. E PLURIBUS UNUM (Latin for “Out of many, one.”).The reverse, as mentioned, has the front view of the Lincoln Monument. In front of him is the year of the series, which is 1962. On his left is the word “LIBERTY,” which is one of the most essential founding principles of the United States. On top of his head is the inscription IN GOD WE TRUST, inscribed in an arching manner. Now, talking about the design, the 1962 Lincoln penny features the image of Abraham Lincoln, the sixteenth president of the United States. Sadly, he died in August 1907 before finishing the project. Originally, the US Mint chose Augustus Saint-Gaudens to design the Lincoln penny. The initials of Brenner would then be restored in 1918, this time, the initials were smaller. As a result, the initials were removed just after a few days. However, in 1909, people noticed that Brenner’s initial, which was VDB, was too big. The artists were allowed to add their initials to the coin. These are Victor David Brenner for the obverse and Frank Gasparro for the reverse. There were two artists who designed the 1962 Lincoln penny. To learn more about the 1962 Lincoln penny, here are some of its specifications: By 2010, the Lincoln Memorial was then replaced by the Union Shield designed by Lyndall Bass. By 1959, the Lincoln Memorial replaced the wheat. In 1909, the penny is referred to as wheat pennies because it has two stalks of wheat as the design for the reverse. Then in 1982, the US Mint switched it to copper-plated steel, meaning there is 97.5% zinc and 2.5% copper. 1943 was kind of different because the penny was made of zinc-plated steel. From 1909 to 1942 and from 1944 to 1982, the Lincoln penny was made of copper and zinc or tin. The 1962 Lincoln penny is made of 95% copper and 5% zinc.