How Much Is A 1962 Penny Worth?

Last Updated on August 15, 2022

The 1962 penny is also known as the Lincoln penny, and most of these are not valuable. But, if you find them in uncirculated conditions, they will offer you a higher value.

If you want to understand the worth of a 1962 penny, you are in the right place. Here is a complete guide to help you understand the value of a 1962 penny. 

1962 Lincoln Memorial Penny Cent Gem Proof US Mint


How Much Is A 1962 Penny Worth?

Type of 1962 Penny Condition Estimated Worth
1962 Penny Circulated  $0.02
  Uncirculated  $0.15 and $1
1962 D Penny Circulated  $0.02
  Uncirculated  $0.15 and $1
1962 Proof Penny Average $1
  Mint $2 and above

Most of the 1962 pennies will only be worth their weight in copper in circulated conditions. However, the penny will offer you a higher value in an uncirculated condition. For example, the 1962 penny and 1962 D penny will be worth over $0.15 in MS63 grade and uncirculated conditions. 

On the other hand, an MS65 penny will be worth more than $1. Proof coins will have the highest value, depending on the grade. A 1962 proof penny in PR65 condition will be worth close to $2. 

However, an average condition-proof penny will be worth between $1 and $2. If you find a high-quality proof penny with a major grade, then it can sell for thousands of dollars. That is why you must get your coins graded by a professional. 

What Is The Value Of A 1962 Penny With A Repunched Mintmark Error?

1962 Lincoln Memorial Penny Cent Gem Proof US Mint

Error coins will always have a higher value than standard coins. The repunched mintmark error is on the 1962D penny. There are various errors in this error, which include the wrong positioning of the D mintmark. 

Besides that, some mintmark errors include a slightly crooked D. No matter the type of repunched mintmark error you find, the coin can range between $3 and $10. Of course, the value will also depend on the significance and variety of the error. 

If the error is major, then the value of the 1962 penny will be even higher than $10. That is why it is crucial to understand the magnitude of the error before you decide to sell this coin. It will give you a more accurate estimated value. 

What Is The Value Of A 1962 Die Break Error Penny?

The die break error is also known as the BIE penny as the error includes the letter “I” between the B and E of “Liberty.” You will find this error on the obverse side of the coin, and it is on many pennies of this type. If you find such an error penny, you must keep it with you. 

That is because the BIE penny error can be highly valuable. For example, most of these error coins will be worth between $5 and $10 in average condition. If you find this error coin in mint condition, it can easily be valued at more than $50. 

If you don’t know how much your error penny should be worth, then you can take it to a professional. They will examine the coin and give you an estimated value. 

Is There A 1962 Double Die Error Penny?

1962 Lincoln Memorial Penny Cent Gem Proof US Mint

The double die error is the most common among coins and is popular among coin collectors. The 1962 penny has some double die errors, but they are not too significant to offer a high value. That is why the worth of 1962 double die error pennies will not help you earn a fortune. 

However, there are some minor double die errors on the 1962 penny that have been documented. These errors are found within the numbers and letters of the coin. You can pick up a coin magnifier to look at these errors and understand if they are worth anything. 

Most of the 1962 double die error pennies will be worth between $6 and $20 and above. If you are lucky, you will find one with a significant error, but they have not been documented yet as only minor errors are present on this type of penny. If you do come across a major error, then you must hold onto the coin to make a fortune in no time. 

Jackie Palmer is a Houston-based coin journalist and fashion enthusiast. She joined Jewels Advisor’s content team after years of experience as a content strategist, managing blogs and social channels for local stores. Jackie mostly collects and studies US coins produced during the 20th century and over the years, published hundreds of articles for multiple coin publications.