How Much Is A 1994 Penny Worth?

Last Updated on October 2, 2022

The 1994 penny may not have a high numismatic value in the market but is a special coin to collect and have in your collection.

Make sure to get the best condition penny so you can collect it for a good time and sell it when the value has boosted. Before collecting, it is important to understand everything about it. 

If you want to know about the 1994 penny, you’ve come to the right place. Here is a complete guide to help you find out more about its value.


How Much Is A 1994 Penny Worth?

The 1994 penny with no mintmark and D mintmarks is worth around its face value in every condition. However, in uncirculated conditions with MS65, the penny is worth around $0.5 for both variants of the penny. 

The 1994 penny with S mintmark produced in San Francisco was made only as proof coins. Therefore, each proof coin of the 1994 penny is worth around $8.

Coin Good Very Good/Fine Extremely fine MS60 MS65 Proof Coins
1994 P Penny $0.5 $0.5 $0.5 $0.5 $0.5 N/A
1994 S Penny N/A N/A N/A N/A N/A $8
1994 D Penny $0.5 $0.5 $0.5 $0.5 $0.5 N/A

What Is On The Obverse Side of The 1994 Penny?

The obverse side is mainly known as the front side of the coin. On this side, you will find the portrait and other engravings.

The 1994 penny has a picture of one of the greatest American Presidents; Abraham Lincoln.

Then on the corners you can see the following beautiful words” In God We Trust”. You can also see the word liberty written on one corner of the penny.

Why Is There No Mintmark On The 1994 Penny?

There is a mintmark on the 1994 penny present on the obverse side. If you don’t see the mintmark on the penny you have, then it is produced in the mint of Philadelphia. 

Otherwise, the 1994 pennies produced in Denver and San Francisco have their mintmark present. You will see the mintmark on the obverse side, right next to the portrait of Abraham Lincoln. Make sure to look closely, and you will see D or S mintmark. 

What Is The Best Place To Buy a 1994 Penny From?

If you are considering buying the 1994 penny, then it is important to make sure you get an original one. Unfortunately, many fake pennies circulating in the market, so be careful of any scams and counterfeits when you are out in the market to buy the 1994 penny. 

Therefore, always purchase the 1994 penny from a trusted marketplace. There are many physical places where you can get a 1994 penny—for example, a pawn shop, collector’s market, and other shops that deal in old coins. 

It doesn’t matter how trusted the place is. It is always important to check and verify the coin to see if it is original. 

On the other hand, if there is no shop near you, then there are some specialized online sites that deal in old coins. For example, you can find yourself a 1994 penny there. 

Examples are Amazon, eBay, Etsy, and other sites. However, before making your purchase, it is best to read the seller reviews and ranking. This will let you know it is a trusted one. 

What Is The Metal Composition of 1994 Penny?

The metal composition of the 1994 penny is 97.5% zinc and 2.5% copper. This composition was changed after 1982. Before that, the pennies had 95% copper and 5% zinc and tin. 

Due to the rising prices of metals and resources, it wasn’t feasible for the government to use the same composition. 

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.