Affluent Savvy
Photo: Ivan Samkov
Although many factors determine the exact value of a coin, you can quickly determine the value of your penny by knowing its type, date, mintmark, and grade. Additionally, the value of a particular coin can vary between markets and coin dealers.
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Learn More »Although many factors determine the exact value of a coin, you can quickly determine the value of your penny by knowing its type, date, mintmark, and grade. Additionally, the value of a particular coin can vary between markets and coin dealers. If a coin dealer is overstocked with the coin you are trying to sell, she is more likely to offer you less money for it. If the coin dealer is in search of that particular coin for a frequent customer, she is more likely to pay you more for it. A coin type is very easily determined by looking at it. The design that is used in a particular denomination of coin over time is known as its type. For example, Lincoln cents feature a portrait of Lincoln on the obverse that has been there since 1909. The reverse originally featured two stalks of wheat and this type was known as the Lincoln Wheat Penny.
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Learn More »If your small-sized penny is dated 1857 or 1858, it is a Flying Eagle Cent. A Flying Eagle Cent in the well-worn condition is worth about $15 to $25 if you sold it to a coin dealer. (Note: Most of the coin prices are realistic amounts that a dealer will pay you. They're not retail or "catalog" values like you find virtually everywhere else. Most people looking for coin prices want to know how much they can sell their coins for today.) If your Flying Eagle Cent is dated 1856, you need to take it to a dealer to get an appraisal. This penny is very rare, with a mintage of only 2,000 specimens, and forgeries and alterations of this date are far more common than the genuine 1856. The 1856 Flying Eagle Cent is considered to be a pattern coin, rather than a circulation issue by many experts. For a full chart of Indian Flying Eagle Penny values, see:
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