CoinValue

1960 Lincoln Memorial Penny

1960 | P | Mintage: 2,374,310,182 | Copper-Plated Zinc
$6 – $1,300 Key Date
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Obverse of Lincoln Memorial Penny showing Abraham Lincoln bust facing right

Obverse

Reverse of Lincoln Memorial Penny

Reverse

The 1960 Lincoln Memorial Penny was minted at the Philadelphia Mint with a mintage of 2,374,310,182. Values range from $6 in lower grades to $1,300 in top condition. This is a key date, making it especially sought-after by collectors.

CoinValueDB Value Estimate

$2.59 – $1,300

Based on 2 recent sales

Price History

SoldHigh BidFor SaleLast Asking PriceMoving Average
Avg: $127 High: $1,300 Low: $3 2 sales 13 total data points

Recent eBay Sales

CoinValueDB Price Guide by Grade

CoinValueDB Price Guide by Grade
GradeValue
Good (G-4)$6
Very Good (VG-8)$7
Fine (F-12)$8
Very Fine (VF-20)$8
Extremely Fine (EF-40)$12
About Uncirculated (AU-50)$19
Mint State (MS-60)$27
Choice Mint State (MS-63)$44
Gem Mint State (MS-65)$210
Superb Gem+ (MS-67)$1,300

About the Lincoln Memorial Penny

The Lincoln Memorial penny debuted in 1959 to mark the 150th anniversary of Abraham Lincoln's birth. Frank Gasparro designed the reverse, which features the Lincoln Memorial in Washington D.C. The U.S. Mint chose Gasparro because he was an assistant engraver who had previously designed the reverse of the Lincoln cent's predecessor. The coin replaced the Wheat reverse that had been on the penny since 1909. Composition changes defined the series over its 50-year run. Pennies from 1959 through 1982 consist of 95% copper and 5% zinc. Rising metal costs forced a change in 1982 to a copper-plated zinc planchet. The series ended in 2008 when the Mint transitioned to a series of four commemorative reverses celebrating Lincoln's life.

Coin Details

Designer
Frank Gasparro
Composition
Copper-Plated Zinc
Weight
2.5
Diameter
19.05
Edge
Plain
Series
Lincoln Memorial Penny (1959-2008)

Collecting Lincoln Memorial Penny Coins

Focus on finding high-grade examples from the 1960s and 1970s, as these are affordable and accessible for new collectors. Look for coins with full, sharp detail on the Memorial steps, as these areas often show weak strikes. Zinc pennies from 1982 onwards frequently suffer from 'zinc rot' where the core corrodes under the plating, so avoid coins with bubbles or dark spots. Avoid spending money on common dates in low condition, and prioritize coins with bright, original luster to protect your investment value.

This series includes key dates — check individual coin pages for rarity details.

Frequently Asked Questions

What is a 1960 Lincoln Memorial Penny worth? +
A 1960 Lincoln Memorial Penny is worth between $6 and $1,300 depending on condition. Coins in higher grades (MS-65 and above) command significant premiums.
How many 1960 Lincoln Memorial Penny coins were made? +
The Philadelphia Mint produced 2,374,310,182 1960 Lincoln Memorial Penny coins. Lower mintage numbers generally correlate with higher collector value.
Is the 1960 Lincoln Memorial Penny a key date? +
Yes, the 1960 Lincoln Memorial Penny is considered a key date in the Lincoln Memorial Penny series. Key dates are coins with low mintage, high collector demand, or both, making them among the most valuable in the series.
How much is a 1960 Lincoln Memorial Penny worth? +
Most 1960 Philadelphia pennies in circulated condition are worth their face value of one cent. If you have a high-grade Small Date variety, it can sell for several dollars or more depending on the specific condition.
Is the 1960 Lincoln Memorial Penny rare? +
The standard 1960 Philadelphia penny is not rare because the mint produced over 2.3 billion of them. Only the specific Small Date variety holds extra value for collectors.

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