The 1960 Small Date Lincoln Penny is one of the most sought-after coins among collectors. While it may seem like just another penny, this rare variety can fetch up to $9,500, thanks to its unique design and historical significance. If you have a jar of old coins or a long-forgotten collection, now is the time to check for this hidden gem. Here’s everything you need to know about the 1960 Small Date Penny, its value, and how to identify it.
Why Is the 1960 Small Date Penny Valuable?
In 1960, the U.S. Mint introduced two varieties of the Lincoln Cent: the Small Date and the Large Date. The difference lies in the design of the date on the obverse (front) of the coin. The Small Date variety was minted in smaller numbers, making it significantly rarer than its Large Date counterpart.
Key Factors Behind Its Value:
- Rarity: Fewer Small Date pennies were produced, increasing their value over time.
- Design Difference: The date’s numbers (especially the “6” and “0”) are more compact and closer to the base of the coin.
- Condition: Coins in mint-state condition (MS65 and above) are highly sought after by collectors.
How to Identify a 1960 Small Date Penny
To distinguish between the Small Date and Large Date varieties, focus on the design of the date:
- Size of the Numbers: The “6” and “0” in the Small Date are more compact and appear shorter.
- Placement of the “9”: In the Small Date variety, the “9” is closer to the “6” and sits lower compared to the Large Date version.
- Mint Mark: Look for a “D” (Denver) or no mint mark (Philadelphia). Both mints produced Small Date pennies.
Grading and Value of the 1960 Small Date Penny
The value of a 1960 Small Date penny depends on its condition and grading. Below is a table showing the estimated value based on different grades:
| Grade | Condition | Estimated Value |
|---|---|---|
| MS65+ | Mint-state, uncirculated | $5,000-$9,500 |
| MS60 | Slight blemishes, uncirculated | $2,000-$5,000 |
| AU (About Uncirculated) | Minimal wear | $500-$1,000 |
| XF (Extra Fine) | Light wear, sharp details | $100-$500 |
| VG (Very Good) | Moderate wear, visible details | $10-$50 |
How to Check Your Collection for a 1960 Small Date Penny
Here’s a step-by-step guide to determine if you have this rare coin:
- Inspect the Date: Use a magnifying glass to compare the date’s size and spacing with reference images of the Small and Large Date varieties.
- Examine the Mint Mark: Look for pennies with a “D” or no mint mark from 1960.
- Weigh the Coin: Ensure it weighs 3.11 grams, the standard weight for pennies before 1982.
- Preserve Its Condition: Handle the coin carefully to maintain its quality.
Selling Your 1960 Small Date Penny
If you find a 1960 Small Date penny in your collection, here’s how to sell it:
- Authenticate and Grade: Submit your coin to a professional grading service like PCGS or NGC.
- List It Online: Platforms like eBay or Heritage Auctions are excellent for reaching collectors.
- Visit a Dealer: Take your coin to a trusted coin dealer for appraisal and potential sale.
- Attend Coin Shows: Meet collectors and dealers in person to negotiate a sale.
Tips for Finding Rare Coins
- Check Old Collections: Coins stored for decades are more likely to include rare varieties.
- Search Rolls: Purchase rolls of pennies from banks to hunt for hidden gems.
- Stay Informed: Research other valuable coins, like the 1955 Double Die or 1983 Copper Penny.
FAQs
What is the 1960 Small Date Penny?
It is a rare variety of the Lincoln Cent with a smaller and more compact date design compared to the Large Date version.
How much is a 1960 Small Date Penny worth?
Depending on its condition, it can range from $10 to $9,500.
How can I tell if I have a Small Date penny?
Look at the size and placement of the date numbers. The Small Date has a compact design, and the “9” sits lower.
Where can I sell a 1960 Small Date Penny?
You can sell it through online platforms like eBay, auction houses, or local coin dealers.
Should I get my 1960 Small Date Penny graded?
Yes, grading by PCGS or NGC can authenticate your coin and maximize its value.
