Hidden Treasures in Your Pocket Change: Rare 1991 and 1993 Pennies Selling for Over $300,000
While most 1990s pennies are worth face value, certain 1991 and 1993 Lincoln Memorial cents with specific errors have sold for $300,000+ at auction. Here’s what makes these modern coins so valuable.
The Million-Dollar Errors
💰 1991 Doubled Die Obverse (DDO)
- Extreme doubling on date and “LIBERTY”
- Only 5-7 confirmed specimens
- Last MS-67 RD sold for $350,000 (2024)
💰 1993 Close “AM” Reverse
- No space between “A” and “M” in “AMERICA”
- Philadelphia mint only (no mintmark)
- Last MS-68 RD sold for $312,000 (2023)
How to Spot These Rare Pennies
1️⃣ For 1991 DDO:
- Check for thick, shadowed letters in “LIBERTY”
- Date appears blurred/doubled
- Must be Philadelphia mint (no mintmark)
2️⃣ For 1993 Close AM:
- Examine “AMERICA” on reverse
- Letters should touch or overlap
- Must be full red (RD) condition

Grading & Value Guide
Coin | Grade | Value Range |
---|---|---|
1991 DDO | MS-67 RD | $300K-$400K |
1991 DDO | MS-65 RD | $100K-$150K |
1993 Close AM | MS-68 RD | $250K-$350K |
1993 Close AM | MS-67 RD | $75K-$120K |
Where These Hidden Gems Are Found
- Original mint sets from early 1990s
- Bank rolls that sat untouched
- Inherited collections
- Coin dealer “junk bins” (before identification)
What To Do If You Find One
🚨 Handle carefully (edges only, cotton gloves)
📸 Document thoroughly (4K macro photos)
💎 Get PCGS/NGC certified immediately
💰 Auction through Heritage or Stack’s Bowers
“These are the holy grails of 1990s coin errors – each worth a luxury car or house!”
- Michael Carter, PCGS President
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