The 1909 VDB Lincoln penny is one of the most famous coins in the United States. Many collectors see it as one of the best coins to collect, and some even say it’s the most important U.S. coin ever made. This article will explore why the 1909 VDB penny is so collectible, its prices, and some unique varieties and errors that collectors should know about.
What Makes the 1909 VDB Penny Special?
The name “VDB” comes from Victor D. Brenner, the designer of the coin. His initials, “V.D.B.,” are found on the back of the penny. However, there was a lot of disagreement about including these initials. Some people at the U.S. Mint, including Chief Engraver Charles E. Barber and Treasury Secretary Franklin MacVeagh, didn’t like it. Because of their objections, the Mint decided to stop putting the initials on the coins during production. This means that some 1909 pennies do not have “VDB” on them.
The argument over the initials actually helped the VDB penny become very popular. Since the coins were made in smaller amounts, they quickly became valuable to collectors. In 1918, the initials were put back on the coin, but they were moved to the front side.
1909 VDB Lincoln Penny Prices
Here are some prices for the 1909 VDB Lincoln penny based on different grades. Coins are graded by their condition, and this affects their value a lot.
Mint State Grades
| Grade | Brown (BN) | Red-Brown (RB) | Red (RD) |
|---|---|---|---|
| MS-60 | $30 | $30 | $35 |
| MS-61 | $32 | $34 | $40 |
| MS-62 | $37 | $40 | $48 |
| MS-63 | $55 | $60 | $70 |
| MS-64 | $75 | $90 | $115 |
| MS-65 | $110 | $130 | $250 |
| MS-66 | $185 | $275 | $525 |
| MS-67 | $950 | $1,400 | |
| MS-68 | $58,000 |
RD, RB, BN: What Do They Mean?
Coins are graded not only by condition but also by their color. There are three types of color classifications:
- Brown (BN): These coins are usually older and have lost much of their original color. They are less desirable to collectors.
- Red-Brown (RB): These coins have some of their original red color and are more appealing to collectors.
- Red (RD): These coins are in the best condition and still have most of their original red color. They are usually new coins kept safe from air.
Proof 1909 VDB Lincoln Penny
Proof coins are specially made for collectors. Only 1,194 proof 1909 VDB Lincoln pennies were made. These coins are not meant to be used as money but are instead made for collectors.
Auction Records for 1909 VDB Lincoln Cents
The best-known 1909 VDB Lincoln pennies are graded MS-68 RD. There are five of them graded by PCGS (Professional Coin Grading Service) and two graded by NGC (Numismatic Guaranty Corporation). The highest price paid for a 1909 VDB Lincoln penny was $56,400 at a 2021 auction.
Varieties of the 1909 VDB Lincoln Penny
Some coins can be different due to things that happen during the minting process. These differences can make them more valuable. One major variety of the 1909 VDB Lincoln penny is the 1909 VDB Doubled Die Obverse (DDO). Prices for this coin can vary greatly based on its condition:
1909 VDB DDO Penny Prices
| Grade | Brown (BN) | Red-Brown (RB) | Red (RD) |
|---|---|---|---|
| MS-60 | $145 | $150 | $160 |
| MS-61 | $150 | $165 | $175 |
| MS-62 | $180 | $190 | $200 |
| MS-63 | $250 | $250 | $325 |
| MS-64 | $300 | $300 | $425 |
| MS-65 | $750 | $775 | $1,250 |
| MS-66 | $2,000 | $3,150 | |
| MS-67 | $14,000 |
Errors and Unique Features
Error coins happen when there is a mistake during the minting process. These errors can increase a coin’s value significantly. For example, if a coin is struck incorrectly or has a defect, it can become very rare and collectible.
Conclusion
The 1909 VDB Lincoln penny is a fascinating piece of American history. Its unique story, combined with the controversy over its design, has made it a highly sought-after collectible. Whether you are a new collector or an experienced one, understanding its value, grading, and varieties can help you make better decisions. Coins like these are not just about money; they tell a story about our past and the people who designed them. As collectors continue to search for these rare coins, their value and demand will likely keep growing, making them a great addition to any collection.
FAQ’s
What does “VDB” stand for on the 1909 penny?
The “VDB” stands for Victor D. Brenner, the designer of the coin. His initials are found on the back of the penny, but due to controversy, some coins do not have them.
Are there different types of 1909 VDB pennies?
Yes, there are different varieties, including the Doubled Die Obverse (DDO). These variations can increase a coin’s value depending on the specific characteristics of the coin.
How many 1909 VDB pennies were made?
The exact number of 1909 VDB pennies made is not known, but it is considered a low mintage coin. This rarity contributes to its desirability among collectors.