How Much Is 1983 Penny Worth? (ANSWERED)

Last Updated on March 24, 2022

If you have a 1983 penny lying around, it might be worth more than you think! This blog post will discuss the value of a 1983 penny and what you can do to sell it if you happen to have one.

How Much Is 1983 Penny Worth?

The value of a 1983 penny depends on its condition and whether it is a copper or zinc penny. A copper and a zinc penny are only worth $0.01. If your 1983 penny is in good condition, it could be worth even more.

You can sell your 1983 penny to a coin dealer or online. If you are selling your penny online, research the buyer before sending your coin. You should also get an appraisal from a professional coin dealer to ensure that you get a fair price for your 1983 penny.

The 1983 penny without any mark has a value of about $0.01 in a circulated condition. If there is a ā€œDā€ mark on the 1983 penny, it is worth about $0.30 in an uncirculated condition. However, the 1983 S proof penny has a value of at least $3 if it is in PR 65 condition.

Meanwhile, 1983 doubled die error coin without a mint mark is worth $375 in an uncirculated condition. This penny should also have an MS 65 grading for the high price. The coin has a greater value than other 1983 pennies because its design elements have been minted twice.

1983 S Gem Proof Lincoln Memorial Cent Penny Proof US Mint

How Do I Know If My 1983 Penny Is Double Die?

The easiest way to tell if your 1983 penny is a doubled die coin is to look at the date. If the date appears to be “squished” together, then you may have a valuable currency on your hands! This affects the price of the penny significantly and makes it worth more than others.

You can also identify the coin by looking at the “S” mint mark. If the “S” is doubled, your coin is a doubled die penny. However, if the “S” is not doubled, your coin is not a valuable doubled die penny. Of course, this is applicable on the 1983 S proof pennies only.

Another feature that will help you is that the double die will be stronger on the reverse side of the penny. You should also remember that such coins have raised finishing lines. This is one of the top indications that you have a valuable 1983 doubled die error coin.

How To Sell My 1983 Penny?

Once you have determined that your 1983 penny is a valuable coin, you can take steps to sell it. A few options are available to you, such as selling it to a coin dealer or online. If you choose to sell your coin online, do your research first, as many scams are out there.

Besides that, you can also sell the penny by using a third party. This means that you will allow a coin dealer to sell your coin on your behalf. The benefit of this method is that you will usually get a higher price for your coin. However, remember that it can take some time to find a buyer.

You can also sell the penny to a collector by finding them through an online forum. This is a good option if you want to sell your coin quickly. However, you will likely get a lower price for your coin this way. Of course, this also depends on the interest of the collector. Some people are willing to pay more while others are not.

What Makes A 1983 D Penny Rare?

A 1983 D penny is rare if it is in good condition. The value of a 1983 D penny can range from $0.01 to $375, depending on its condition. If you have a 1983 D penny, get it checked by an expert. The person will tell you whether your coin is rare or not.

The rarest 1983 D penny you will ever come across is the 1983-D doubled die penny. You can sell it for about $375 to most collectors without much price negotiation. Typically, the design, grading, and features of the coin make it rare.

For instance, the average money you will get for an MS 65 grading 1983 penny is $0.30 in an uncirculated condition. Coins with mint mark also worth are more than standard D pennies.