Coin collectors and investors are continuously on the lookout for rare, valuable pieces that can add both historical and monetary value to their collections.
One such coin that has sparked significant interest is the 1909 Bicentennial coin, which can fetch up to $2,500 or more depending on its condition, rarity, and other unique features.
This guide will walk you through the reasons why this bicentennial coin has become such a valuable piece in the numismatic world.
Why is the 1909 Bicentennial Coin Significant?
The 1909 coin, particularly the 1909-S VDB Lincoln cent, marks a crucial moment in U.S. numismatic history. It was the first year the Lincoln cent was issued, commemorating the 100th anniversary of Abraham Lincoln’s birth.
The coin’s designer, Victor D. Brenner, placed his initials (VDB) on the reverse of the coin, which sparked controversy and led to the removal of these initials shortly after production began.
Only 484,000 coins bearing the VDB initials were minted in San Francisco, making the 1909-S VDB Lincoln penny one of the rarest and most sought-after coins.
Key Features of the 1909-S VDB Lincoln Cent
- Designer: Victor D. Brenner
- Mint Marks: S (San Francisco)
- Mintage: 484,000 with VDB initials
- Composition: 95% copper, 5% tin and zinc
- Design: Lincoln’s profile on the obverse and wheat ears on the reverse
Value and Grades
The value of a 1909-S VDB Lincoln cent varies significantly based on its condition. Coins are graded on a scale from 1 to 70, with higher grades indicating better condition. The grade of the coin also determines whether it is classified as BN (Brown), RB (Red-Brown), or RD (Red), based on the remaining amount of original copper luster.
| Grade | Brown (BN) | Red-Brown (RB) | Red (RD) |
|---|---|---|---|
| MS-60 | $2,200 | $2,300 | $2,300 |
| MS-61 | $2,325 | $2,400 | $2,500 |
| MS-62 | $2,350 | $2,500 | $2,600 |
| MS-63 | $2,600 | $2,750 | $2,750 |
| MS-64 | $3,150 | $3,300 | $5,250 |
| MS-65 | $4,750 | $5,200 | $8,000 |
| MS-66 | $7,500 | $9,000 | $17,500 |
| MS-67 | $25,000 | $50,000 | $175,000 |
For coins in Mint State condition, those graded higher than MS-60 command prices that can easily surpass $2,500, with the highest recorded auction prices exceeding $50,000 for exceptional coins graded MS-67 RB or higher. In 2022, a 1909-S VDB Lincoln Cent in MS-67 RD fetched $168,000 at auction.
Factors Contributing to the Value
1. Rarity
The scarcity of the 1909-S VDB Lincoln cent is a major factor in its value. With only 484,000 coins minted, this coin became highly sought after when the U.S. Mint quickly stopped production to remove the controversial VDB initials.
Most of these coins were hoarded by the public, but many were lost or circulated, reducing the number of well-preserved specimens available today.
2. Historical Significance
As the first U.S. coin to feature an American president, the 1909 Lincoln cent holds great historical importance. Its connection to Lincoln, the Civil War, and its centennial commemoration make it a desirable item not just for coin collectors but also for history enthusiasts.
3. Condition and Color
The condition of the coin greatly affects its value. Coins with full red luster (RD) are considered the most valuable, followed by red-brown (RB) and then brown (BN). Over time, the copper in pennies oxidizes, leading to a darker brown color, which is less desirable among collectors.
Common Varieties and Errors
Apart from the regular 1909-S VDB coins, collectors also seek error coins, such as those with doubled dies or other minting mistakes.
While these are rare for the 1909-S VDB penny, the minting process for older coins was not as precise as it is today, meaning errors like off-center strikes or die cracks can significantly increase a coin’s value.
Why the 1909 Bicentennial Coin Could Fetch Up to $2,500
Collectors and investors prize the 1909-S VDB Lincoln cent for its rarity, historical significance, and high grade potential. Depending on its condition and color classification, this bicentennial coin can easily fetch upwards of $2,500 in MS60 condition or higher.
The scarcity of coins with the VDB initials further boosts its value, especially in higher grades like MS65 or MS67, where prices can skyrocket to $50,000 or more.
Conclusion
The 1909-S VDB Lincoln cent is more than just a piece of currency—it’s a valuable piece of American history. With prices reaching up to $2,500 or more for well-preserved examples, this bicentennial coin is a must-have for serious collectors.
Whether you’re new to coin collecting or an experienced numismatist, understanding the value, history, and nuances of this iconic coin can help you make informed decisions when adding it to your collection.
FAQs
1. Why is the 1909-S VDB Lincoln cent so valuable?
The 1909-S VDB Lincoln cent is valuable due to its low mintage of 484,000 coins, its historical significance as the first coin to feature Abraham Lincoln, and the controversy surrounding the VDB initials, which led to their removal.
2. How do I know if my 1909 Lincoln cent is genuine?
Authentic 1909-S VDB Lincoln cents will have the “S” mint mark from the San Francisco Mint and the “VDB” initials on the reverse of the coin. Ensure the coin is graded by a reputable coin grading service to verify its authenticity.
3. What does BN, RB, and RD mean in coin grading?
BN (Brown), RB (Red-Brown), and RD (Red) refer to the color of the coin. Red coins have retained most of their original copper luster, while brown coins have oxidized. Red coins are the most valuable.
4. How should I store my 1909 Lincoln cent to preserve its value?
Store your coin in a protective holder, away from direct sunlight, moisture, and air to prevent further oxidation. Airtight containers are recommended to preserve its color and luster.
5. Can I still find 1909-S VDB Lincoln cents today?
Yes, you can still find 1909-S VDB Lincoln cents at coin shows, auctions, and through reputable coin dealers. However, expect to pay a premium for high-grade examples.
References
- Gainesville Coins – “1909-S VDB Penny Values and Varieties”
- Bullion Shark – “What is the Value of a 1909 Penny?”
- Hill Country Weekly – “Rare Bicentennial Quarter Worth Nearly $35k”
- U.S. Coins Value – “Bicentennial 1776-1976 Kennedy Half Dollar Value and Errors”
