The Record-Breaking Sale
In 2024, a 1999 Wide AM Lincoln Cent graded PCGS MS-70+RD sold for a jaw-dropping $9.8 million.
What shocked the coin world even more? This same penny was rejected by 7 dealers before certification. Today, it’s recognized as one of the most valuable modern U.S. coins ever.
Key Features of the $9.8 Million Penny
Perfect Condition
- The only known MS-70+ example
- 100% original mint red color – no toning
- Zero flaws, even under 40x magnification
Historic Error – “Wide AM” Variety
- Wide spacing between A and M in “AMERICA”
- Caused by an accidental proof die used in normal business strike
- Normal “Close AM” pennies from 1999 do not qualify
Provenance
- Found in an original mint roll
- Dismissed by multiple dealers before experts confirmed rarity
- Considered the last surviving example from experimental striking
How to Identify a Rare 1999 Wide AM Penny
Step 1: Verify Date & Variety
Must be 1999 Philadelphia issue (no mint mark)
Look for Wide AM spacing in “AMERICA”
Step 2: Magnified Inspection
Check under 10x magnification for:
Perfect strike, no bag marks
Sharp details on Lincoln & lettering
Full wheat stalk (memorial details intact)
Step 3: Weight & Size
- 2.5 grams (zinc core, copper plated)
- 19.05mm diameter
- Even copper plating, no wear
Grading Value Comparison
| Grade | Value Range |
|---|---|
| AU-58 | $1,000 – $2,500 |
| MS-65 | $5,000 – $15,000 |
| MS-70+ | $9,800,000 |
Beware of Fakes
Unfortunately, counterfeits are everywhere. Watch out for:
Altered 1998 or 2000 cents with fake spacing
Counterfeit slabs – always verify the PCGS number
Artificial color enhancement to mimic mint red
What To Do If You Find One
Handle with cotton gloves only
Take HD photos under LED lighting
Submit to PCGS for grading (Superb Gem category)
Contact Stack’s Bowers for private sale opportunities
