HomeUS Coins1916 Lincoln Cent : A Collector's Guide

1916 Lincoln Cent : A Collector’s Guide

1916 Lincoln Cent. Image: Stack's Bowers / CoinWeek.
1916 Lincoln Cent. Image: Stack’s Bowers / CoinWeek.

New hubs were deployed to produce the 1916 Lincoln cent, strengthening the design and leading to the striking of the highest-quality coins of the entire Lincoln cent series to that point. Many examples resemble Proof strikes and have squared rims. With 131 million struck, the 1916 Lincoln cent is a type coin amongst the other pre-1930 early issues. Choice Mint State Red coins routinely sell for $100 USD or less; Gems sell for $300 or less.

* * *

Market Data and Noteworthy Specimens

The PCGS certified population of MS67+RD coins has risen dramatically in recent years.

In August 2020, PCGS reported 17 grading events of the 1916 Lincoln cent at the MS67+RD level with none finer. By March 2023, that number had risen to 39 events with one finer. The sole finest, a PCGS MS68RD, was offered for sale by GreatCollections in April 2023.

In circulated grades, the 1916 Lincoln cent is a type coin. The average example in circulated condition has a value of $1 or less; this is the case for most pre-1930 type Lincoln cents.

  • PCGS MS68RD CAC #21463368: GreatCollections, April 9, 2023, Lot 1308220 – $55,161.
  • PCGS MS67+RD CAC #39802782: Stack’s Bowers, November 12, 2020, Lot 5048 – $5,040.

* * *

Coin Specifications

Country: United States of America
Year Of Issue: 1916
Denomination: One Cent (USD)
Mint Mark: None (Philadelphia)
Mintage: 131,832,627
Alloy: 95% Copper, 5% Tin and Zinc
Weight: 3.11 g
Diameter: 19.00 mm
Edge: Plain
OBV Designer Victor David Brenner
REV Designer Victor David Brenner
Quality: Business Strike

 

* * *

CoinWeek Notes
CoinWeek Notes
CoinWeek Notes presents expert analysis and insights from Charles Morgan and Hubert Walker, the award-winning editors of CoinWeek.com.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Park Avenue Numismatics Gold and Silver Bullion

L and C COIN New Coins

NGCX Holders and Grading