Lincoln Memorial Cent · Highest Mintage Year · 95% Copper

1964 Penny Value, Error list & Coin Identifier App

Over 6.5 billion struck — yet rare SMS varieties, overstrikes, and wrong planchet errors make this a surprisingly rewarding year to hunt.

6.5B+

Total Minted

$4,312

Overstrike Record

SMS

Mystery Variety

5

Error Types

Contents

The 1964 penny sits at a unique crossroads in Lincoln cent history: it was the last year the cent was struck in 95% copper before the Mint began transitioning away from the traditional alloy in response to the great coin shortage of the early 1960s. With over 6.5 billion pieces struck across Philadelphia and Denver, it is also one of the highest-mintage years in U.S. coinage history. For a full overview of current market prices by grade and variety, the 1964 Penny Value guide at CoinValueApp covers certified population data and the latest auction benchmarks for both mint marks.

1964 Penny at a Glance

  • Composition: 95% copper, 5% tin & zinc
  • Weight: 3.11g — plain edge
  • Diameter: 19.05mm — Thickness: 1.52mm
  • Designer: V.D. Brenner (obv.) / Frank Gasparro (rev.)
  • Total mintage: ~6.5 billion across both mints
  • Color grades: RD (Red) > RB (Red-Brown) > BN (Brown)
  • Mint marks: None = Philadelphia; D = Denver (below date)
  • Historic note: Last year of 95% copper Lincoln cents

For most collectors, a 1964 penny pulled from circulation is worth only face value — its sheer abundance keeps base prices low. But the combination of record production volumes, a transitional coinage era, and the elusive SMS strikes makes the 1964 series genuinely exciting for error and variety specialists willing to look carefully.


Quick Value Check

Three questions to answer before diving deeper

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Check the Surface Finish

Does your coin have a distinctive satin-like surface unlike a normal business strike or a mirror proof? You may have an SMS variety worth $5,000–$25,000+.

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Check the Reverse Under 10x

Look for clear doubling on UNITED STATES OF AMERICA or E PLURIBUS UNUM lettering. The FS-801 doubled die reverse is worth $150–$550 in higher grades.

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Weigh & Measure Your Coin

Normal penny: 3.11g, 19.05mm. If yours weighs ~2.5g and measures ~17.9mm, you may have a wrong planchet error worth $1,000–$1,500.

What You See Likely Scenario Estimated Value Next Step
Satin finish, not proof, not business strike SMS Variety ⭐ $5,000–$25,000+ PCGS or NGC authentication immediately
Ghost image of 1963 design beneath 1964 1964-D Overstrike $3,500–$5,000 Expert authentication; may be unique
Silver color, ~2.5g, 17.9mm diameter Wrong planchet (dime) $1,000–$1,500 Weigh, measure, PCGS/NGC
Three overlapping Lincoln portraits Triple strike error $1,200–$2,000 Authenticate, grade
Doubling on reverse inscriptions DDR FS-801 or FS-802 $100–$550 Compare to FS reference, grade
Full red luster, MS-65 RD or better Premium mint state $15–$200+ Consider grading submission
Normal copper, worn, any mint Common circulated $0.01–$0.10 Keep for type / date sets

Varieties & Mintage

Two mints — 1964 set records that stood for decades

Variety Mintmark Mintage Rarity Key Notes
1964-P None (Philadelphia) 2,648,575,000 Very Abundant DDR FS-801 & FS-802 exist; SMS variety known
1964-D D (Denver) 3,799,071,500 Very Abundant Overstrike on 1963-D known; highest mintage ever at the time
1964 Proof None (Philadelphia) 3,950,762 Collectible Deep Cameo (DCAM) most desirable; PR-69 DCAM = $200+

🏭 Why 1964 Matters in Lincoln Cent History

The 1964 penny represents the final year of the traditional 95% copper Lincoln cent composition. The massive coin shortage of the early 1960s drove production to unprecedented levels, and Congress was already debating coinage reforms that would change American coins forever. The following year, the cent's alloy began shifting. For collectors, that makes every 1964 cent a historic artifact — the last of a 55-year copper tradition stretching all the way back to the original 1909 Lincoln cent.


Value by Grade

Standard copper business strikes — error coins priced separately below

Circulated Grades (G-4 to AU-58)

Grade 1964-P 1964-D
G-4 (Good)$0.01$0.01
VG-8 (Very Good)$0.05$0.05
F-12 (Fine)$0.10$0.10
VF-20 (Very Fine)$0.15$0.15
EF-40 (Extremely Fine)$0.25$0.25
AU-58 (About Uncirculated)$0.75$0.75

Mint State Grades (MS-60 to MS-68) — by Color

Grade P — BN P — RD D — BN D — RD
MS-60$0.50$1$0.50$1
MS-63$1$3$1$3
MS-65$5$12$5$10
MS-66$15$40$12$30
MS-67$60$175+$45$125+
MS-68 RD$3,000+$2,500+
1964 Proof PR-69 DCAM$50–$200+

1964 SMS Penny: The Most Mysterious Lincoln Cent

A satin finish that's neither proof nor business strike — and worth a small fortune

⚠ IDENTIFICATION NOTE

The 1964 SMS penny is not simply a well-struck business coin. It displays a distinctive satin-like surface with sharper-than-normal details, produced using special care at the Mint. PCGS has documented these coins under PCGS CoinFacts #3284. Their origins remain debated — they may represent trial or presentation strikes made during the transition away from traditional proof sets. Only a small number are known, making authentication by PCGS or NGC essential.

Rare

Very few examples known
across certified populations

PCGS CoinFacts #3284

$25,000+

Auction records for
finest SMS examples

Market varies by grade and color

Satin

Surface distinguishes SMS
from all other 1964 cents

Requires expert examination

What to Look For

1

Surface Finish

SMS pennies display a distinctly different surface texture than both the mirror-like fields of proofs and the slightly grainy surfaces of business strikes. The finish is often described as "satin" or "matte-like," with exceptional design sharpness.

2

Strike Sharpness

The Lincoln Memorial's architectural details and Lincoln's portrait show exceptional definition — sharper than typical business strikes but without the cameo contrast characteristic of proof coins.

3

Weight & Specifications

Standard copper planchet: 3.11g, 19.05mm. An SMS coin is identical in physical specifications to any other 1964 penny — the distinction is entirely in surface finish and strike quality.

4

PCGS/NGC Certification Required

Because SMS coins are easily confused with exceptional business strikes, professional third-party grading is essential. The certification holder will specifically designate the coin as SMS, which is the critical distinction for valuation.


1964 Penny Error List with Pictures

Five documented error types — from $10 clipped planchets to a $4,312 overstrike

Despite its status as one of the most common dates in the Lincoln cent series, the 1964 penny's record production volumes created ideal conditions for a variety of minting errors. Quality control during such high-volume runs was inevitably strained, and a number of dramatic errors made it into circulation. For the most current market prices on specific 1964 error varieties, consult the 1964 Penny Value resources and professional grading services before making any purchasing decisions.

Table: 1964 Penny — Error Coin Reference

# Error Type Rarity Circulated MS / Uncirculated
1Doubled Die Reverse (DDR FS-801 / FS-802)Uncommon$50–$150$100–$550
2Wrong Planchet (Dime Planchet)Very Rare$1,000–$1,500
3Triple StrikeVery Rare$1,200–$2,000
4Overstrike (1964-D over 1963-D) ⭐1 known$3,500–$5,000
5Clipped PlanchetOccasional$10–$50$25–$100

Error #1: Doubled Die Reverse (DDR FS-801 & FS-802)

The most collectible 1964 variety — doubling visible on reverse inscriptions

1964 penny doubled die reverse DDR error

1964 Doubled Die Reverse — separation visible on UNITED STATES OF AMERICA lettering

The doubled die reverse error originated at the Philadelphia Mint when working dies misaligned during the hubbing process, causing the hub to impress the die multiple times in slightly different positions. Two primary varieties are cataloged: FS-801 shows more pronounced doubling than FS-802, with particularly strong separation on the Lincoln Memorial columns and E PLURIBUS UNUM.

How to identify: Examine reverse inscriptions under 10x magnification • Look for clear doubling on UNITED STATES OF AMERICA • Check Lincoln Memorial columns for doubled vertical lines • Doubling appears as raised outlines, not flat shelf-like extensions • Compare to certified examples to confirm variety

Value: FS-801: $150–$550 • FS-802: $100–$300 (MS64 RD record: $550)

Error #2: Wrong Planchet (Dime Planchet)

A Lincoln cent design struck on a silver dime blank — dramatically smaller and lighter

1964 penny wrong planchet dime error

1964 Wrong Planchet — Lincoln cent design on dime-sized blank, borders faded

This transitional off-metal error occurred when a planchet intended for silver dime production was accidentally fed into the penny striking press. The dime planchet measures approximately 17.9mm in diameter versus the penny's 19mm, causing the Lincoln cent design to fade or disappear at the borders. The coin weighs approximately 2.5g instead of the normal 3.11g.

How to identify: Measure diameter — noticeably smaller than normal • Weigh precisely: ~2.5g vs 3.11g • Design incomplete at borders where planchet is too small • Edge shows characteristics of dime planchet • Professional authentication essential due to rarity and value

Value: $1,000–$1,500 (Heritage 2017: $1,351.25)

Error #3: Triple Strike

Three overlapping Lincoln portraits on a single coin — a dramatic multi-strike anomaly

1964 penny triple strike error

1964 Triple Strike — three distinct Lincoln profiles overlapping on obverse

The triple strike error occurred when a planchet received three separate impressions from the dies. The coin failed to eject from the striking chamber after the initial strike and remained for two additional impacts. Each subsequent strike shifted slightly, creating overlapping images with three distinct Lincoln portraits visible on the obverse. The known MS64 Red-Brown specimen sold for $1,440 at Heritage Auctions in 2020.

How to identify: Count distinct Lincoln profiles on obverse • Each strike shows clear separation • Look for three sets of date numbers where strikes overlap • Reverse also shows evidence of multiple strikes • Genuine multiple strikes show consistent offset angles

Value: $1,200–$2,000 (Heritage 2020: $1,440 MS64 RB)

Error #4: Overstrike (1964-D over 1963-D) ⭐

The most valuable 1964 penny error — ghost images of a 1963-D cent beneath the 1964 design

1964 penny overstrike error 1963-D

1964-D Overstrike — ghosted elements of the 1963-D strike visible beneath 1964 design

This extraordinary error involves a 1964-D penny struck over an existing 1963-D Lincoln cent. The earlier 1963-D strike remains partially visible underneath the 1964-D impression, creating ghosting effects and unusual doubling. The obverse shows the Lincoln Memorial reverse from the 1963-D coin appearing as a ghost image behind Lincoln's portrait. The MS64 Brown example sold for $4,312.50 at Heritage Auctions in 2009.

How to identify: Look for ghosting of Lincoln Memorial behind Lincoln's portrait on obverse • Check for remnants of 1963 date underneath 1964 date • Both D mint marks should be visible under examination • Reverse shows deformities from overlapping strikes • Professional authentication critical due to extreme rarity

Value: $3,500–$5,000 (Heritage 2009: $4,312.50 MS64 BN)

Error #5: Clipped Planchet

Missing edge portions from the blanking process — curved or straight clips

1964 penny clipped planchet error

1964 Clipped Planchet — curved clip showing metal flow at missing edge

Clipped planchet errors occur during the blank production stage when the blanking machine's punches fail to strike cleanly formed circles from the metal strip. The result is a coin with a portion of its edge missing, creating either a curved crescent-shaped bite or a straight-edge clip. The size of the clip determines both the error's visual impact and its collector value.

How to identify: Examine the clipped edge for metal flow into the missing area • Genuine clips show blunt, rounded edges rather than sharp cuts • Curved clips indicate overlap with a previously punched hole • Straight clips from punch overlap at strip edges • Beware counterfeits — filed or cut coins have sharp edges

Value: Small clip: $10–$25 • Medium clip: $25–$50 • Large clip (30%+): $50–$100


Recent Auction Results

Verified public auction records — establishes real market benchmarks

Coin Grade Sale Price Auction House Date
1964-D over 1963-D OverstrikeMS64 BN$4,312.50Heritage Auctions2009
1964 Triple Strike ErrorMS64 RB$1,440Heritage Auctions2020
1964 Wrong Planchet (Dime)MS (certified)$1,351.25Heritage Auctions2017
1964 DDR FS-801MS64 RD$550Heritage Auctions2013
1964-P MS-67 RDPCGS MS-67 RD$200+Various2023
1964 Clipped Planchet (Large)MS (certified)$75–$100GreatCollections2024
“The 1964 penny is proof that abundance and rarity can coexist — billions struck, yet a handful of errors that rival any year in the Lincoln cent series for dramatic collector appeal.”

Identify Your 1964 Penny with CoinKnow

Detect doubled dies, overstrike ghosting, and SMS surface finish in seconds

📷

Snap Both Sides

CoinKnow instantly analyzes surface finish — flagging potential SMS specimens and distinguishing them from proofs and business strikes.

🔍

Detect Varieties

Automatic detection for doubled die reverse varieties, overstrike ghosting, and wrong planchet size discrepancies against reference specifications.

💰

Get Instant Value

RD/RB/BN color grading, Sheldon Scale grade within 2 points, and real-time auction comparisons from Heritage and GreatCollections.

Pro Workflow: 1964 Penny Evaluation Steps

1.Examine surface finish first — confirm business strike vs. potential SMS satin surface
2.Check reverse lettering under 10x for doubled die (DDR FS-801 / FS-802) separation
3.Look for ghost images on obverse that may indicate a 1964-D overstrike error
4.Weigh the coin: 3.11g = normal copper; ~2.5g = wrong planchet candidate
5.Use CoinKnow to match against FS variety database before submitting for grading
6.Submit any coin potentially worth $100+ to PCGS or NGC for certification

Reality Check & Action Plan

What most 1964 pennies are actually worth — and when to act

Scenario Realistic Value Action
Satin surface finish, not proof, not business$5,000–$25,000+PCGS/NGC authentication immediately
Ghost 1963 design beneath 1964-D strike$3,500–$5,000Expert authentication; may be unique
Silver color, ~2.5g, 17.9mm$1,000–$1,500Weigh precisely, then authenticate
Three overlapping Lincoln portraits$1,200–$2,000Authenticate, grade with PCGS/NGC
DDR doubling visible on reverse lettering$100–$550Attribute to FS-801 or FS-802, grade
MS-65–67 RD, any mint$12–$200Consider grading if full red
Circulated copper, any condition$0.01–$0.25Keep for type / date sets
  1. 1.Always examine the surface finish first. The SMS designation is the highest-value possibility for a 1964 penny, and it's the one most easily overlooked by casual collectors.
  2. 2.Never clean your coin. Original surface preservation is everything — cleaning permanently destroys any RD color premium and eliminates SMS surface characteristics.
  3. 3.Weigh unknown planchets. A digital scale accurate to 0.01g is the fastest way to identify wrong-planchet candidates before investing in grading fees.
  4. 4.Overstrike ghosting is subtle. The ghosted Lincoln Memorial image behind Lincoln's portrait is easy to miss — examine the obverse under strong raking light.
  5. 5.Hub doubling vs machine doubling. Only genuine hub doubling carries numismatic value — learn to distinguish them before attributing a DDR.

The 1964 penny's paradox is that its overwhelming abundance is precisely what makes its rare varieties so extraordinary. In a sea of billions of identical copper cents, a single overstrike, wrong planchet, or SMS specimen represents a remarkable convergence of circumstance and survival. For collectors drawn to the Lincoln cent series, 1964 offers the satisfying challenge of hunting meaningful error coins within one of the most common dates ever minted — and the knowledge that the next roll of 1964 pennies examined could conceal something genuinely exceptional.

“The 1964 Lincoln cent is simultaneously the most common coin in American pocket change and home to some of the most valuable mint errors of the twentieth century — a testament to the fact that rarity and mintage are entirely different things.”