Coin Value Contents Table
Are you curious whether 2024 pennies are worth money? These modern coins are easy to find but there’s more to these Shield Cents than meets the eye.
Our 2024 penny value guide will explain everything you need to know to determine if these coins are worth collecting now. We’ll delve into their fascinating history, break down their value by mint mark, and explore unique error coins in the series. Some of these errors could turn an ordinary penny into a small treasure.
Ready to learn more about the value of 2024 Lincoln Shield pennies? Let’s dive in and see if they’re worth a spot in your collection!
2024 Penny Value Chart |
||||
| Mint Mark | Good | Fine | Extremely Fine | Uncirculated |
| 2024-No Mint Mark
Penny Value |
– | – | – | $30 |
| 2024-D Penny Value | – | – | – | $25 |
| 2024-S Proof Penny Value | – | – | – | $35 |
History of the 2024 Penny
The 2024 Lincoln penny continues the tradition of honoring President Abraham Lincoln on the obverse of the coin. However, its reverse side is significantly different than the original 1909 design featuring two wheat stalks. Instead, the 2024 penny proudly displays the Union Shield, a powerful emblem of American unity.
The reverse design is a reminder of Lincoln’s important role in preserving the United States as a single, united nation. As part of the Presidential $1 Coin Act, it was proposed that starting in 2010, the penny would bear an image representing Lincoln’s vision of unity. Initially, the Commission of Fine Arts (CFA) suggested a reverse design featuring 13 wheat stalks tied together to symbolize. However, the idea was later withdrawn.
A second proposal showcasing a contemporary American flag also fell short. Ultimately, the Citizens Coinage Advisory Committee (CCAC) recommended the Union Shield design, complete with a scroll wrapped around it. This design was eventually approved.
The shield’s 13 stripes represent the original states united into a single entity, while the horizontal bar symbolizes the leadership of the federal government. This reverse design, introduced in 2010, was created by Lyndall Bass and sculpted by Joseph Menna. Unlike the high-relief 1909 coins, the modern 2024 Shield Cent is struck in lower relief.
By early 2024, the Mint had produced approximately 820 million pennies, with the Philadelphia and Denver mints contributing nearly equal numbers. Additionally, the San Francisco Mint struck proof coins for collectors.
An intriguing feature of the 2024 penny is the emergence of errors, such as the doubled die obverse and struck-through varieties. These errors have fascinated collectors and can significantly boost your coin’s value.
Also read: 12 Most Valuable Lincoln Penny Worth Money
Features of the 2024 Penny
The Obverse of the 2024 Penny
The obverse continues to feature Lincoln’s iconic right-facing portrait. The year “2024” appears to Lincoln’s right, while the word “LIBERTY” is inscribed on his left. Above Lincoln’s head, the motto “IN GOD WE TRUST” follows the coin’s edge. The initials VDB—representing Victor David Brenner, the coin’s original designer—are visible near Lincoln’s shoulder, a detail reintroduced in 1918.
The Reverse of the 2024 Penny
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On the reverse, the Union Shield stands out. A scroll across the shield bears the inscription “ONE CENT.” The initials LB and JFM, for Lyndall Bass and Joseph Menna, flank the shield’s tip. The Latin phrase “E PLURIBUS UNUM” appears above the shield, while “UNITED STATES OF AMERICA” arcs along the edge.
Other Features of the 2024 Penny
The 2024 penny is made from 97.5% Zinc and 2.5% Copper, with a weight of 2.50 grams and a diameter of 19.00 millimeters. Circulated examples often have a brownish or brass tone, while uncirculated coins glow with a reddish hue.
Pennies from the Denver and San Francisco Mints feature the mint marks “D” and “S,” respectively, below the date. Coins from the Philadelphia Mint lack a mint mark and are referred to as 2024 no-mint mark pennies.
Also read: 13 Most Valuable Wheat Penny Worth Money
2024 Penny Grading
Grading can feel a little intimidating, but it’s worth taking the time to learn. When it comes to grading 2024 pennies, several factors come into play in determining their value. The main things to keep in mind include the coin’s luster, strike, and any contact marks it might have picked up during handling or circulation.
Most 2024 pennies start grading at About Uncirculated (AU50-AU58). These are coins that show only slight signs of wear on the high points—areas like Lincoln’s hair and jawline on the obverse or the wheat stalks on the reverse.
If you’re lucky, you might come across 2024 pennies with no signs of wear at all. These are considered Mint State coins and are graded on a scale from MS60 to MS70. The exact grade depends on factors like luster and strike. Coins at the high end of the scale (MS70) are pristine, with no dings, marks or scratches.
| # | Grade |
|---|---|
| 1 | Basal State-1 |
| 2 | Fair |
| 3 | Very Fair |
| 4, 5, 6 | Good |
| 7, 8, 10 | Very Good |
| 12, 15 | Fine |
| 20, 30 | Very Fine |
| 40 | Extremely Fine |
| 50 | About Uncirculated |
| 60 | Mint State |
| 65 | Mint State |
| 70 | Mint State |
Please check our grading guides to know your coin scale, It’s the necessary step to know the exact value of your coin.
Check out now: How to Grade Lincoln Wheat Penny?
2024 Penny Value Guides
So, how much is a penny from 2024 really worth? If you’ve got one of these modern coins, its value depends on a mix of factors like condition, mint mark, and even its color. Rarity and minting errors also come into play, potentially boosting the price tag for lucky collectors.
Back in 2024, the U.S. Mint produced Lincoln pennies at three locations: Philadelphia, Denver, and San Francisco. This led to three distinct varieties of the 2024 penny—two for general circulation (business strikes) and one special proof coin crafted for collectors.
The three varieties:
- 2024 No Mint Mark Penny
- 2024-D Penny
- 2024-S Proof Penny
Each type has a unique story and value, so let’s break it down.
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2024 No-Mint Mark Penny Value
The 2024 pennies produced at the Philadelphia mint don’t carry a mint mark, making them easy to identify. While the exact number minted isn’t yet known, one thing is certain: these coins are abundant and affordable.
Because they’re so new, most 2024 no-mint mark pennies you’ll encounter will be in excellent condition. They’re modern business strikes, meaning they were minted for everyday use, but don’t be surprised if the ones you find still gleam like they just left the Mint. Fading, wear, and damage are rare for these coins—many still boast sharp details and a shiny finish.
So, what’s a 2024 penny with no mint mark worth? According to the Numismatic Guaranty Company (NGC), even entry-level graded examples starting at MS60 can fetch up to $1.25. Gem-quality coins graded MS65 might bring in as much as $10, and if you’re lucky enough to come across one graded MS67, it could be worth around $30.
Records at the Professional Coin Grading Service (PCGS) show that a collector at an eBay auction paid a whopping $1,690 in March 2024 for a 2024 penny graded MS68.
With their affordability and availability, 2024 no-mint mark pennies are perfect for new collectors or even if you are just looking to add a nice modern coin to your collection.
2024-D Penny Value
Next up is the 2024-D penny, minted at the Denver facility. Like its Philadelphia counterpart, we don’t yet know exactly how many of these coins have been struck or released into circulation.
If you’re building a Lincoln penny collection, the 2024-D is a fantastic addition. Its modern production quality ensures sharp details and a beautiful finish, making it an excellent choice to give your collection a contemporary flair.
When it comes to value, the 2024-D penny is similar to those minted in Philadelphia. A coin graded MS60 might be worth around $0.35, while one graded MS65 could fetch about $8. High-grade examples, like those at MS67, are rarer but can command up to $25.
In October 2024, a collector on eBay paid an impressive $153 for a 2024-D penny graded MS67. This proves that finding a red, gem-quality penny from this series could turn out to be a small fortune in your pocket. Keep an eye out—you never know what treasures you might discover in your change!
2024-S Proof Penny Value
For collectors, the 2024-S proof pennies from the San Francisco Mint are a standout. While the exact number produced remains a mystery, these coins are a treat if are on the look-out for high-quality, well-made pieces.
Proof pennies are known for their stunning details. Their shiny, satin-like surfaces, sharp edges, and smooth textures make them small works of art. Beyond their eye appeal, they make for a valuable addition to your collection.
If you’re lucky enough to come across a Deep Cameo (DCAM) proof penny graded PR70, keep it close—it might be worth a fortune. These flawless examples are incredibly rare, mostly because of the low mintage of proof coins. A top-grade PR70-DCAM penny could fetch as much as $35. Entry-level proof coins graded PR67 are more affordable, priced around $7.50, but still offer great value.
In September 2024, a collector made headlines when he bought a PR70-DCAM penny for $47. While that might not sound like a fortune, it’s an impressive price for a modern coin!
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If you’re building a Lincoln penny collection or just want a piece that sparkles with quality, keep an eye out for the 2024-S proof penny—it’s a perfect blend of beauty and history.
2024 Penny Errors List
Collecting error coins is one of the most exciting and rewarding ways to build your Lincoln penny collection. Errors happen when flaws or mishaps occur during the minting process, and these unique imperfections can turn an ordinary penny into a valuable treasure.
While there aren’t too many known errors on 2024 pennies yet, the ones that have been discovered are definitely worth chasing. These rare pieces not only add variety to your collection, they can also significantly boost its value.
Here are some notable errors from the 2024 penny series:
2024-D Penny Doubled Die Obverse Error
A doubled die error happens when the die imprints the design onto the blank coin (planchet) multiple times at slightly different angles. This results in noticeable doubling on parts of the design, such as inscriptions and images. On some 2024-D pennies, you might spot doubling on the initials VDB or the word LIBERTY on the obverse. In August 2024, one of these error coins sold for an impressive $117 during an eBay auction.
2024-D Penny Reverse Grease Struck-Through Error
Another fascinating error in the series is the grease struck-through error. This occurs when grease clogs the die’s details, leading to weak or blurry designs on the coin. In March 2024, Heritage Auctions sold a 2024-D penny with a reverse grease struck-through error for $190, making it one of the most expensive coins of the series.
Also read: 11 Most Valuable Wheat Penny Errors
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Where to Sell Your 2024 Penny?
Now that you know the value of your coins, do you know where to sell those coins online easily? Don’t worry, I’ve compiled a list of these sites, including their introduction, pros, and cons.
Check out now: Best Places To Sell Coins Online (Pros & Cons)
FAQs
How much is a penny from 2024 worth?
Generally, a 2024 penny is worth its face value of $0.01. However, Mint State coins in pristine condition can range from $3 to $30 depending on their grade.
Is a 2024-S penny rare?
Yes, proof pennies minted in San Francisco are quite scarce. The U.S. Mint produces a limited number of these coins, specifically designed for collectors.
Which 2024 shield penny is valuable?
The most valuable 2024 pennies are error coins. These unique pieces, marked by minting flaws, can fetch much higher prices than ordinary coins. If you find an error penny, you might just have a small fortune in your hands!
