A small minting error on a common Lincoln penny has turned it into one of the most valuable coins among collectors. The 1984 one-cent piece, known for its distinctive “double ear” flaw, has gained significant attention in the numismatic community. While many pennies from this year are worth only their face value, this particular error coin can fetch close to $1,000 at auctions.
The mistake, caused by a minting anomaly known as “double die” or double minting, creates a duplication effect on Abraham Lincoln’s earlobe. This rare feature has driven up demand, making it a highly sought-after piece for coin enthusiasts.
What causes the “double ear” error?
The “double ear” error occurs due to a misalignment during the die creation process, resulting in an overlapping image in certain areas of the coin. This flaw is most noticeable on Lincoln’s earlobe, where a distinct second outline appears, giving the illusion of two ears.
In some cases, the error also affects Lincoln’s beard, making it appear thicker or slightly duplicated. Less frequently, the duplication may extend to the bow tie beneath his collar. These variations make certain coins even more desirable to collectors.
Not all 1984 pennies have this error, which is why those that do are considered rare. Coins lacking a mint mark, meaning they were produced at the Philadelphia Mint, have a higher likelihood of displaying this flaw. In 1984, more than 8 billion pennies were struck, but only a small percentage feature the “double ear” mistake, increasing their rarity and value.
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How much is the 1984 “double ear” penny worth?
The value of a 1984 penny with the double ear error depends on its condition and official grading. Coins with minimal wear and higher mint-state grades command the best prices. The Professional Coin Grading Service (PCGS) has recorded various auction values for these coins, including:
- MS-64: Up to $125
- MS-65: Up to $150
- MS-66: Up to $185
- MS-67: Up to $250
- MS-68: Up to $350
While most coins sell within these price ranges, some specimens have reached even higher values. In 2020, a 1984 penny with the double ear error, graded MS-68, was auctioned for an impressive $904. This record-setting price reflects the strong demand among collectors and the rarity of high-quality error coins.
How to identify and sell a “double ear” penny
If you suspect you have a 1984 penny with the double ear error, carefully examine Lincoln’s earlobe for a second outline. A magnifying glass or coin microscope can help you spot the duplication more easily. Coins in better condition—those with minimal scratches and original luster—tend to be more valuable.
For authentication and valuation, consider consulting a numismatic expert or sending the coin to a professional grading service like PCGS or NGC. These organizations will assess the coin’s condition and certify its authenticity, which can significantly impact its market value.
Collectors and coin dealers often seek out rare error coins, so selling a verified double ear penny through an auction house or online marketplace can be a profitable endeavor. However, prices may fluctuate based on market demand and overall rarity.
If you happen to come across a 1984 penny, take a closer look—you might just have a valuable collector’s item in your hands!
