How much can I sell a 1920 penny for?

The value of a 1920 Lincoln Penny can range from $0.20 to $19, depending significantly on its mint mark and overall condition.

Factors Affecting the Value of Your 1920 Penny

The selling price of a 1920 penny is primarily determined by two key factors: its mint mark and its physical condition, also known as its grade.

Mint Mark

The 1920 Lincoln penny was produced at three different mints, and each mint's production quantity and quality can affect the coin's scarcity and value:

• No Mint Mark (Philadelphia Mint): Pennies struck at the Philadelphia Mint do not have a mint mark. These are generally the most common.
• "D" Mint Mark (Denver Mint): Pennies minted in Denver feature a small "D" below the date on the coin's reverse side. These are less common than Philadelphia issues.
• "S" Mint Mark (San Francisco Mint): Pennies from the San Francisco Mint have a small "S" below the date. These can also be less common and potentially more valuable than Philadelphia issues.

Condition (Grade)

The physical condition, or grade, of your 1920 penny plays a crucial role in its market value. Even slight differences in wear, scratches, or luster can significantly impact the price. Collectors assess coins based on a grading scale, with terms like "GOOD" referring to a coin with heavy wear but still identifiable features, and "EXTREMELY FINE" indicating a coin with sharp details and only slight wear on the highest points. Better-preserved coins will always fetch higher prices.

1920 Lincoln Penny Value Chart

The following table provides an estimated value range for 1920 Lincoln pennies based on their mint mark and condition, drawing from established coin pricing guides like the Red Book:

It's important to note that these are approximate values. For the most accurate appraisal of your specific 1920 penny, especially if it appears to be in exceptional condition, consulting with a professional coin dealer or numismatist is recommended.