In the world of numismatics, few coins have garnered as much attention and value as the 1909-S VDB Lincoln penny.
What began as a simple one-cent coin has, over the years, transformed into a collector’s dream, with some specimens fetching up to $168,000 at auctions.
This article delves deep into the history, rarity, and current market value of this iconic coin.
The Genesis of the 1909-S VDB Lincoln Penny
The 1909-S VDB Lincoln penny holds the distinction of being the first U.S. coin to feature a real person—President Abraham Lincoln. Designed by Victor David Brenner, the coin was introduced to commemorate Lincoln’s 100th birthday.
The initials “VDB” (Victor David Brenner) were prominently displayed on the reverse side of the coin, which led to public outcry over the perceived self-promotion. As a result, the U.S. Mint halted production just days after its release, making the coin exceedingly rare.
Why Is the 1909-S VDB Penny So Valuable?
Several factors contribute to the coin’s immense value:
- Limited Mintage: Only 484,000 of these coins were minted at the San Francisco Mint, making it one of the lowest mintage figures for any Lincoln penny.
- Historical Significance: Being the first coin to feature Lincoln and the controversy surrounding the “VDB” initials add to its allure.
- Condition and Rarity: Coins in mint or near-mint condition are exceptionally rare and highly sought after.
Market Value: From Pocket Change to a Collector’s Treasure
The value of the 1909-S VDB penny varies based on its condition:
| Grade | Estimated Value |
|---|---|
| Good (G-4) | $900 |
| Fine (F-12) | $1,200 |
| Extremely Fine (EF-40) | $1,800 |
| About Uncirculated (AU-50) | $2,500 |
| Mint State (MS-60) | $3,500 |
| Mint State (MS-65) | $6,000 – $10,000 |
| Mint State (MS-67 RD) | Up to $168,000 |
Note: “RD” denotes a coin with its original red luster
Recent Auction Highlights
The 1909-S VDB penny continues to make headlines:
- In April 2022, a PCGS MS-67 RD graded coin sold for $168,000 at Stack’s Bowers auction.
- A MS-65 Red and Brown specimen fetched $66,000 due to its exceptional condition and color.
How to Identify a 1909-S VDB Penny
To determine if you possess this rare coin, look for:
- Obverse: The date “1909” and the “S” mintmark below it, indicating the San Francisco Mint.
- Reverse: The initials “V.D.B.” at the bottom center, just above the rim.
Beware of counterfeits; consult a professional numismatist or grading service for authentication.
The 1909-S VDB Lincoln penny is more than just a coin; it’s a piece of American history. Its rarity, coupled with its historical significance, makes it a prized possession for collectors.
Whether you’re a seasoned numismatist or a curious enthusiast, this penny serves as a testament to how even the smallest denominations can hold immense value.
FAQs
Why were the “VDB” initials removed from the coin?
The initials were deemed too prominent and were removed due to public criticism.
Are all 1909 pennies valuable?
No, only the 1909-S VDB pennies are exceptionally valuable due to their limited mintage and historical significance.
How can I sell a 1909-S VDB penny?
It’s advisable to have the coin graded by a reputable service like PCGS or NGC and then consult with auction houses or coin dealers specializing in rare coins.