CoinValue

1992 Lincoln Memorial Penny Close AM

1992 | P | Mintage: 2,167,649,486 | Copper-Plated Zinc
$6 – $1,175 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 1992 Lincoln Memorial Penny Close AM was minted at the Philadelphia Mint with a mintage of 2,167,649,486. Values range from $6 in lower grades to $1,175 in top condition. This is a key date, making it especially sought-after by collectors.

CoinValueDB Value Estimate

$4.70 – $1,175

Price History

SoldHigh BidFor SaleLast Asking PriceMoving Average
Avg: $138 High: $1,175 Low: $5 11 total data points

CoinValueDB Price Guide by Grade

CoinValueDB Price Guide by Grade
GradeValue
Good (G-4)$6
Very Good (VG-8)$7
Fine (F-12)$7
Very Fine (VF-20)$8
Extremely Fine (EF-40)$12
About Uncirculated (AU-50)$18
Mint State (MS-60)$22
Choice Mint State (MS-63)$54
Gem Mint State (MS-65)$200
Superb Gem+ (MS-67)$1,175

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)

Historical Notes

Close AM variety

Varieties

Close AM

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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 1992 Lincoln Memorial Penny Close AM worth? +
A 1992 Lincoln Memorial Penny Close AM is worth between $6 and $1,175 depending on condition. Coins in higher grades (MS-65 and above) command significant premiums.
How many 1992 Lincoln Memorial Penny coins were made? +
The Philadelphia Mint produced 2,167,649,486 1992 Lincoln Memorial Penny coins. Lower mintage numbers generally correlate with higher collector value.
Is the 1992 Lincoln Memorial Penny Close AM a key date? +
Yes, the 1992 Lincoln Memorial Penny Close AM 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 1992 Close AM Lincoln Memorial Penny worth? +
A 1992 Close AM penny in circulated condition typically sells for between $2,000 and $1,175. High-grade specimens certified by a professional grading service have sold for over $1,175 at auction.
Is the 1992 Lincoln Memorial Penny rare? +
The standard 1992 penny is not rare because the mint produced over 2.1 billion of them. The Close AM variety is rare and remains a top target for collectors searching through pocket change.

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