A 1983 no-mint-mark penny is generally worth only face value (1 cent) if it is in circulated condition. However, it can be worth between $5 and $7,000+ if it features a rare "Doubled Die Reverse" (DDR) error, where "One Cent" appears doubled, or if it was mistakenly struck on a copper planchet.
However, a few were mistakenly made of bronze, and these are extremely rare and valuable. Made of 95% copper and 5% tin and zinc alloy, it sold for $1.7 million in 2010 but is valued at $2.3 million in mint uncirculated condition.”
How much is it worth? The U.S. minted about 7.7 billion pennies in 1983 but only about 5,000 of them have the doubling error. The mistakes and the rarity is what drives the price up, with some of the coins, known among collectors as the 1983 Penny With No Mint Mark, selling for as much as $7,000.
Some 1999 pennies are worth thousands of dollars because of a rare "Wide AM" error, where the "A" and "M" in "America" on the back (reverse) are widely spaced, a feature meant for proof coins, not regular circulation. While most 1999 pennies are common, those with this specific wide spacing, especially in pristine, uncirculated condition (like MS-67 or higher), command high prices, with top examples selling for over $4,000 due to the rarity of this manufacturing mistake.
1933 penny. If you have heard of only one rare coin, there is a good chance that it is the 1933 penny. For some reason this coin, more than any other, has lodged itself in the public consciousness. Indeed, people have spent a lifetime sifting through their coins in a vain attempt to find one.
Since there are relatively few coins with the date 1983 and the inscription 'NEW PENCE' in circulation, they may well have a value higher than face value to a collector. The Royal Mint is, however, unable to comment on the value of any individual coin and we would recommend that you should consult a coin dealer.
How much does a 1983 penny weigh with no mint mark?
Most pennies produced in 1983 were made of a zinc core with a thin copper plating, weighing about 2.5 grams. However, a few 1983 pennies were mistakenly struck on copper planchets from previous years, resulting in a higher weight of 3.1 grams.
The early years, from 1909 to 1919, are considered the most valuable to collectors. The number of coins minted during this period was limited, and several key varieties exist, such as the 1909-S VDB. Pennies minted between 1920 and 1939 have a low survival rate, meaning many coins were destroyed over time.
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This 1983 D Lincoln Penny is a rare find for collectors and enthusiasts alike. With a weight of 3.1g and a unique error, this coin is a must-have for any serious collection.
Simpson, co-chairman of the Texas Rangers baseball club, paid $1 million for the finest known 1943-S Lincoln Wheat penny on a bronze planchet. All 1943 Lincoln cents were supposed to be made of steel planchets coated with zinc. However, some bronze planchets left over from 1942 slipped into the 1943 production process.
So, what should you do with those pennies now? You can continue to spend them. Retailers will continue to accept pennies if you want to pay with exact change. However, you certainly shouldn't save them in the hopes that their value will increase, as that's unlikely to happen in the near future.
