The 1999 penny may seem like just another piece of pocket change, but some of these coins hold a secret that can make them worth as much as $14,000. A rare minting error found in a small number of 1999 pennies has turned them into highly sought-after collectibles. Could one of these hidden treasures be in your wallet? Let’s uncover the details behind this valuable coin and how to identify it.
Why Is the 1999 Penny Error Worth $14,000?
The value of the 1999 penny comes from a specific minting error known as the Wide AM reverse. This error occurred when the U.S. Mint accidentally used proof dies to strike some regular circulation pennies. This mistake created a rare variety that collectors prize for its uniqueness.
Key reasons for its value:
- Wide AM Reverse: The “A” and “M” in “AMERICA” on the reverse side of the coin are widely spaced, a feature only intended for proof coins.
- Rarity: Very few 1999 Wide AM pennies are known to exist, making them a collector’s dream.
- Condition: High-grade coins in mint-state condition (MS65 or higher) can fetch significantly higher prices.
How to Identify the 1999 Penny Error
Spotting the 1999 Wide AM penny requires close inspection of the coin’s reverse side. Here’s what to look for:
- Wide AM Spacing: On the reverse, the letters “A” and “M” in “AMERICA” should have a noticeable gap between them.
- Proof-Like Details: The designer’s initials “FG” (Frank Gasparro) appear closer to the Lincoln Memorial.
- Use a Magnifying Glass: To spot these details, you’ll need magnification to ensure accuracy.
Grading and Value of the 1999 Wide AM Penny
The value of the 1999 Wide AM penny depends on its condition and grade. Coins graded by professional services like PCGS or NGC fetch the highest prices. Below is a table of estimated values:
| Grade | Condition | Estimated Value |
|---|---|---|
| MS65+ | Mint-state, uncirculated | $10,000-$14,000 |
| MS60 | Minor blemishes, uncirculated | $5,000-$8,000 |
| AU (About Uncirculated) | Minimal wear | $1,000-$5,000 |
| XF (Extra Fine) | Slight wear, clear details | $500-$1,000 |
How to Confirm You Have a 1999 Wide AM Penny
To verify if your 1999 penny is the rare Wide AM variety, follow these steps:
- Inspect the Reverse: Check the “AMERICA” lettering for the Wide AM spacing.
- Weigh the Coin: It should match the standard weight of 2.5 grams for a zinc penny.
- Seek Professional Grading: Submit your coin to PCGS or NGC for authentication and certification.
How to Sell a 1999 Penny Error
If you discover you have a 1999 Wide AM penny, here’s how to sell it:
- Get It Graded: Professional grading will confirm its authenticity and increase its value.
- Sell Online: Platforms like eBay or Heritage Auctions are excellent for reaching a global audience of collectors.
- Visit a Coin Dealer: Local dealers can offer appraisals and immediate cash offers.
- Attend Coin Shows: Showcase your coin to collectors who may pay a premium for it.
Other Rare Pennies to Look For
- 1998 and 2000 Wide AM Pennies: These coins also feature the Wide AM reverse error.
- Double Die Pennies: Look for doubling in the date or inscriptions.
- Off-Center Strikes: Coins with misaligned designs are highly collectible.
Conclusion
The 1999 Wide AM penny is a prime example of how minting errors can turn ordinary coins into extraordinary finds. By keeping an eye on your pocket change and knowing what to look for, you might uncover a $14,000 treasure. Start inspecting your pennies today—you never know what hidden gem might be waiting!
FAQs
What is the 1999 Wide AM penny?
It’s a rare error coin where the “A” and “M” in “AMERICA” on the reverse side are widely spaced, intended only for proof coins.
How much is a 1999 Wide AM penny worth?
Depending on its condition, it can be worth between $500 and $14,000.
How can I tell if my 1999 penny is a Wide AM variety?
Inspect the reverse side with a magnifying glass and look for a gap between the “A” and “M” in “AMERICA.”
Where can I sell a 1999 Wide AM penny?
You can sell it through online platforms, coin dealers, or auction houses.
Should I get my 1999 Wide AM penny graded?
Yes, grading can authenticate the coin and significantly boost its value.