Most pennies are only worth a single cent, but what if you had one that was worth thousands of dollars? That’s the case with the 1970-S Small Date Penny with a Doubled Die Error, one of the most valuable mistakes in modern coin history. Some of these rare pennies have sold for over $3,000, and a few high-grade specimens have fetched even more! Could you be holding one of these valuable coins without even realizing it? Let’s take a closer look at what makes the 1970-S Penny error so special.
1. 1970-S Small Date Doubled Die Penny – The $3,000+ Error Coin
The 1970-S Small Date Doubled Die Penny is one of the most sought-after Lincoln cents among collectors. This error occurred when the die (the stamp used to press the design onto the coin) was misaligned, creating a doubled effect on certain details of the penny.
How to Identify It:
- Look for doubling on the words “LIBERTY” and “IN GOD WE TRUST” on the front of the coin.
- The date (1970) appears slightly smaller and more delicate than usual, distinguishing it from the more common “Large Date” variety.
- The mint mark “S” (for San Francisco) is located below the date.
High-quality examples of this coin have sold for over $3,000 at auctions, while even circulated ones can be worth hundreds of dollars!
2. 1970-S Large Date Penny – A Common Version (Still Valuable in High Grades)
The Large Date version of the 1970-S penny is far more common than the Small Date version. While it doesn’t have the same high value, pristine uncirculated examples (MS67 or higher) can still sell for $100 to $300.
3. 1970-S Proof Penny with a Doubled Die Error – A Rare Collector’s Gem
Some proof versions of the 1970-S penny also have a doubled die error, making them highly valuable. Proof coins are special versions made for collectors with extra-sharp details and mirror-like surfaces. If you find a 1970-S Proof Penny with doubling on the lettering or Lincoln’s portrait, it could be worth thousands of dollars!
The 1970-S Small Date Doubled Die Penny is one of the most valuable Lincoln cents out there, with some specimens selling for over $3,000. Even regular 1970-S pennies in top condition can fetch hundreds. If you have a 1970-S penny in your collection, now is the time to check for the Small Date variety or doubling errors—it could be worth far more than a single cent!
FAQ’s:
1. How do I know if my 1970-S penny is the valuable Small Date version?
Compare the size of the date—the Small Date version has a more delicate, even-sized “7” and “0,” while the Large Date version has a taller “7” that stands out.
2. Where can I sell my 1970-S penny if I find one?
You can sell it at coin auctions, online marketplaces (eBay, Heritage Auctions), or through professional coin dealers.
3. Are all 1970-S pennies valuable?
No, but the Small Date Doubled Die variety can be worth thousands, and even regular high-grade uncirculated coins can sell for hundreds.
4. How should I store a valuable penny?
Use a protective coin holder or plastic case, avoid handling it with bare hands, and keep it in a dry, cool place to prevent damage.
5. What is the highest price ever paid for a 1970-S penny?
Some 1970-S Small Date Doubled Die Pennies have sold for over $3,000, and proof versions with similar errors have fetched even higher prices!
