Due to its potential worth, the 1993 penny is one of the most sought-after coins by collectors. While a majority of people may believe that a coin is only worth one cent, in actuality, some pennies can be worth much more than that. The condition of the 1993 penny, the mintmark, and any possible errors all play major roles in determining its worth.
In this article, we will examine the 1993 penny in depth and consider why it is such a valuable coin.
1993 Penny Details
- Category: Lincoln Penny
- Mints: Denver, San Francisco, Philadelphia
- Total mintage: 12,114,750,363
- Observe designer: Victor D Brenner
- Reverse designer: Frank Gasparro
- Edge: Smooth
- Diameter: 19mm
- Thickness: 1.55mm
- Composition: 97.5% zinc; 2.5% copper
- Weight:2.5g
1993 Penny Value Chart
| Mint Mark | Good | Fine | Extremely Fine |
Uncirculated
|
| NO Mint Mark | $0.03 – $0-05 | $0.10 – $0.25 | $0.05 – $2 | $1 – $5 |
| 1993 – D Penny | $0.01 | $0.03 – $0.05 | $0.10 – $0.25 | $0.25 – $1 |
| 1993 – S Penny | $0.05 – $0.10 | $0.10 – $0.25 | $0.25 – $0.50 | $1 – $5 |
1993 Penny Values and Varieties Guides
1993 No Mint Mark Penny Value
- Type: Lincoln Penny
- Edge: smooth
- Mint mark: No mint mark
- Place of Minting: Philadelphia
- Year of Minting: 1993
- Face Value: 0.01 USD
- $ Price: 1 cent -$1.00+
- Quantity Produced: 5,684,705,000
- Designer: Frank Gasparro
Philadelphia, which usually mints cons with a “P” mint mark, produced the 1993 penny without a mint mark. An error during the minting procedure led to the absence of the mint mark on this particular coin. The dies used to strike the pennies were not marked with the “P” mint symbol as intended by the mint machines.
The 1993 no-mint mark penny is a special and intriguing coin, despite not being regarded as particularly uncommon. It acts as a reminder of the challenges and rare errors that can occur during the coin production process. This coin’s novelty and original tale may also still hold worth to some collectors. It is important to note that there are many counterfeit versions of the 1993 no-mint penny on the market, so it’s necessary to have the coin authenticated by a reputable coin dealer or third-party grading service before buying it.
The 1993 Lincoln cent is widely available on the currency market because it was produced in such large quantities. Additionally, the majority of the coins were in use, so their worth isn’t higher than face value. Uncirculated coins can have a worth as high as 30 cents.
Generally, even though the 1993 no-mint mark cent is not rare, it is still an interesting and distinctive part of US coinage history. It adds intrigue to any coin collection due to its production error as well as its iconic design and composition.
1993 (D) Penny value
- Type: Lincoln Penny
- Edge: smooth
- Mint mark: D
- Place of minting: Denver
- Year of mining:1993
- Face value: 0.01 USD
- $ Price: $0.1 – $20.00+
- Quantity produced: 6,426,650,00
- Designer: Frank Gasparro
The 1993 D Penny is a coin that was produced by the Denver branch of the US Mint in 1993. It is a piece of the Lincoln Memorial Cent collection, which was initially released in 1959 to mark the 150th anniversary of Abraham Lincoln’s birth.
On the obverse (front) of the 1993 D penny’s design is an image of Abraham Lincoln, and on the reverse (back) is a picture of the Lincoln Memorial in Washington, D.C, with the words “ONE CENT” written at the bottom. The coin has a 19.05mm diameter and is composed of 97.5% zinc and 2.5% copper.
The 1993 D penny is regarded as a common coin in terms of rarity. In 1993, the United States Mint produced around 6.4 billion pennies, the bulk of which were struck in Denver. The 1993 D penny is therefore very common and is readily available in circulation, coin rolls, and even online marketplaces.
Despite its widespread distribution, some coin collectors still find the 1993 D penny to be a desirable piece to add to their collection. This is particularly true for collectors who are interested in finishing a collection of Lincoln Memorial Cents, which contains each penny minted between 1959 and 2008.
It’s crucial to remember that most coins in the circulated state are worth their face value of one cent when determining the value of the 1993 D penny. There are a few exceptions to this guideline, though. A 1993 D penny, for instance, might be worth more than its face value if it is in uncirculated or mint condition, which means that it has never been used and shows no indication of use. The uncirculated penny’s value can generally vary from a few cents to a few dollars, based on its condition and any unique features it might have.
In general, the 1993 D penny is a common coin with a face value of one cent that is easily accessible. While it may not worth a significant amount of money, it still adds some fascinating historical context to any coin collection.
1993 (S) Penny Value
- Type: Lincoln Penny
- Edge: Smooth
- Mint mark: S
- Place of minting: San Francisco
- Year of minting: 1993
- Face value: 0.01 USD
- $ Price: 1 Cent – $1.00+
- Quantity produced: 3,394,792
- Designer: Frank Gasparro
In 1993, the united Mints issued a penny that has become one of the most interesting coins for collectors and enthusiasts alike. The San Francisco Mint produced this penny, also referred to as the “1993 S penny,” which stands out from other pennies thanks to its distinctive S mint symbol. However, what distinguishes this penny from others is not just its mint mark but also its value, which has grown considerably over time.
The 1993 S penny, which was made as a part of a unique collection of proof coins and sold to collectors at a premium, is a copper-plated zinc penny. The proof set contained five coins: the penny, nickel, dime, quarter, and half–dollar. Each coin was produced using planchets and dies that had undergone special polishing to maintain their perfect state. The proof coins were also handled and packaged carefully.
The limited mintage of the coin is one of its unique features, in comparison to other pennies produced that year, the 1993 S penny’s mintage is estimated to be around 2 million, which is a very low amount. The penny has become very sought after among collectors as a result of its low mintage and the fact that it was only included in the proof collection.
The 1993 S penny is currently one of the most valuable coins in circulation, thanks to a significant increase in value over time. Depending on its grade and other variables, a 1993 S penny in perfect shape will sell for anywhere between $20 and $50 in 2023. This might not seem like a lot of money, but given that a penny only has a one-cent face value, it represents a remarkable return on investment.
It’s essential to note that not every 1993 S penny is valuable. A penny’s worth is depending on its rarity, state, and other elements. The value of a scratched, tarnished, or otherwise damaged cent will be lower than that of an identical coin that is in perfect condition. A penny’s value will also be lower than it would be if a reputable grading agency certified it.
Overall, the 1993 S penny is an intriguing and distinctive coin that has drawn collectors’ interest because of its exceptional finish, distinctive design, and scarcity. Even though it might not be the most expensive or uncommon coin available, it is unquestionably a coin worth looking for and adding to any collection.
Also Read: Top 20 Most Valuable Old Pennies Worth Money (Penny Collection)
History of The 1993 Penny
The 1993 penny, which is a part of the Lincoln Memorial penny collection, was made by the United State Mint. This series, which replaced the Wheat penny design that had been in use since 1909, was released in 1959 to mark the 150th anniversary of the birth of Abraham Lincoln. The Lincoln Memorial penny series continued until 2008 when it was replaced by the current Lincoln Shield penny design.
One intriguing fact about the 1993 penny is that it was the first year the United States Mint used the “Close AM” design on the back of the coin, in which the letters A and M in the word “AMERICA” are closer together. The Mint made a mistake because they had meant to use the “Wide AM” design, which has been in use since 1988 and has the letters A and M in the word “AMERICA” farther apart.
The 1993 penny’s production in copper-plated zinc and bronze is another intriguing detail. Before 1982, pennies were made of solid copper, but as copper costs increased, the Mint switched to a composition of zinc with copper plating. The Mint did, however, make copper and copper-plated zinc coins in 1982 to switch from one material to the next. The 1993 penny was also made in both compositions, but the bronze version is more scarce and valuable than the copper-plated version.
Overall, the 1993 penny has a special spot in coin collectors’ and enthusiasts’ hearts because of its interesting past.
1993 Penny Grading
Although the 1993 penny is widely available, collectors look for specific grading to add to their collections. According to luster, surface condition, strike, and visual appeal, the 1993 penny grades from 1 to 70, with MS63 to MS67 being the most sought-after grades.
To know more about the grading of 1993 Penny, watch the video below.
1993 Penny Errors
Some coins are flawed from their production stage, however, that doesn’t make them less valuable. In fact, error coins are sometimes more valuable than well-minted coins.
Let’s take a look at some of the error coins that were minted during the production of the 1993 Penny.
1. 1993 Penny Doubled die Error
A double die mistake is made when the die is struck into the planchet twice or three times. It is also one of the mistakes made during minting that occurs the most frequently.
Although the worth of some doubled die pennies can reach thousands of dollars, there are no examples like this among the 1993 coins. These pieces typically cost between $20 and $50 each and have a vague, scarcely perceptible doubling.
2. 1993 Penny Off-Center Error
When the currency is incorrectly centered and improperly struck, part of the design is absent. As only 1% to 2% of the design is missing, some mistakes are practically undetectable. Others have the potential to be so big that the error rate can reach 90%.
Most 1993 Lincoln cents have an off-center deviation of only 3% to 5%, and their value hardly ever surpasses their face value. Since those samples cost between $15 and $30, you can anticipate making more money when the percentage is between 10% and 25%.
The most expensive coins are those that have the date and mint mark evident and are 50% offset from the center. The value of the scarce 1993 pennies ranges from $50 to $100.
3. 1993 Penny Die Crack Error
The surface of the currency is frequently left with raised lines due to cracked, worn, or old dies. These fractures can develop anywhere and are frequently connected to specific elements of the design.
This error type frequently shows as a line between the letters B and E on the word LIBERTY on Lincoln pennies and looks like the letter I. The worth of 1993 coins with a BIE error range from $3 to $10, even though they are hard to come by.
You can learn more about 1993 Penny error coins from the video below.
FAQs
1. Is The 1993 Penny Worth Anything?
The 1993 Lincoln cent is widely available on the currency market as a result of its large mintage. The majority of coins were also in use, so their worth isn’t higher than face value. The worth of uncirculated coins can rise to about 30 cents.
2. How Much Is A Rare 1993 Penny Worth?
One in certified mint state (MS+) condition could fetch as much as $20 at auction, while one in average circulated (AC) condition is only worth about one penny.
3. What Is The Highest Price That A 1993 Penny Was Sold For?
The red 1993 D MS 69 currently holds the mark, selling for $4,600 at an auction in 2010. For a penny, it is a remarkable deal.