1912-S Penny Values, Errors, and Rarities

The 1912-S Lincoln penny is a unique and rare coin that collectors highly value. This penny is often called a “semi-key” coin, which means it is hard to find and very sought after by collectors. Because not many of these coins were made and many have been lost over time, the few that still exist are often in high demand. In this article, we’ll explore the history, values, grading, and some interesting errors related to the 1912-S penny, making it easier to understand for anyone interested in coins.

The Rarity of the 1912-S Lincoln Penny

Low Mintage and High Demand

In 1912, only 4,431,000 Lincoln pennies were produced at the San Francisco Mint. This low mintage makes the 1912-S penny a rare find today. Many of the coins that were made have been circulated a lot, which means they are worn down and not in perfect condition. Even coins in circulated grades like XF-45 to AU-55 are tough to find.

Prices for Mint State 1912-S Lincoln Pennies

The prices of 1912-S Lincoln pennies vary significantly based on their condition and color. Here’s a breakdown of prices for different grades and colors:

1912-S Cent Prices	Grade	Price
Brown (BN)	MS-60	$215
	MS-61	$225
	MS-62	$250
	MS-63	$375
	MS-64	$475
	MS-65	$900
	MS-66	$2,600
Red-Brown (RB)	MS-60	$225
	MS-61	$240
	MS-62	$275
	MS-63	$400
	MS-64	$600
	MS-65	$1,200
	MS-66	$2,600
Red (RD)	MS-60	$310
	MS-61	$385
	MS-62	$460
	MS-63	$550
	MS-64	$925
	MS-65	$2,400
	MS-66	$18,000

Understanding Coin Grading

What Do RD, RB, and BN Mean?

Lincoln cents are graded not just by their condition but also by how much of their original color is left. Here are the three main classifications:

• Brown (BN): Coins that have lost most of their original color.
• Red-Brown (RB): Coins that still have some original color.
• Red (RD): Coins that retain almost all of their original color.

Coins that are graded BN are usually less desirable than RB or RD coins, as collectors prefer coins with more of their original luster.

Most Valuable 1912-S Lincoln Pennies

Auction Records

The most valuable 1912-S Lincoln pennies are those graded MS-66 RD. There are 14 such coins graded by PCGS, and the highest price ever paid for a 1912-S penny at auction was $27,600 for an MS-65 RD at a Heritage auction in 2003. Prices at auctions can vary, but this record shows how much collectors are willing to pay for rare coins.

Errors and Varieties

Coins can also have errors or unique varieties, making them even more valuable. The 1912-S penny is known for a notable error, the 1912-S/S, where a second “S” mint mark is slightly off-center of the first. Even worn examples of the 1912-S/S can sell for over $100. The following table lists prices for different grades of 1912-S/S pennies:

1912-S/S Cent Prices	Grade	Price
Brown (BN)	MS-60	$325
	MS-61	$350
	MS-62	$385
	MS-63	$475
	MS-64	$775
	MS-65	$1,350
Red-Brown (RB)	MS-60	$340
	MS-61	$360
	MS-62	$450
	MS-63	$575
	MS-64	$925
	MS-65	$1,700
Red (RD)	MS-60	$350
	MS-61	$375
	MS-62	$450
	MS-63	$900

Conclusion

The 1912-S Lincoln penny is a valuable coin with a rich history. Its low mintage and high demand make it a prized possession for collectors. Understanding the different grades, colors, and values is essential for anyone interested in collecting these coins. Whether you’re looking to buy or sell, knowing the details about the 1912-S penny can help you make informed decisions. Remember, rarity and condition play a significant role in determining the value of these coins, and collectors always seek the finest examples.

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