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.

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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.

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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


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

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