A Penny Worth $450,000?!
Can you imagine finding a 1964 Lincoln penny in your change — and realizing it’s worth nearly half a million dollars? 
That’s exactly what happened when a rare 1964 “Spiked Head” Die Break Lincoln Cent sold for an incredible $450,000 at a New York auction.
This fascinating mint error has now become one of the most valuable U.S. pennies from the 1960s ever recorded!
Why This Penny Is Worth So Much
Here’s what makes the 1964 Spiked Head Penny such a big deal among collectors:
Unique “Spiked Head” Die Break – A raised metal “spike” extends from Lincoln’s forehead, caused by a die failure during minting.
Only 3 Known Examples – Even rarer than the legendary 1913 Liberty Nickel!
Certified by PCGS (MS65+ RB) – Exceptional red-brown luster and top condition.
Minted in Philadelphia – No mintmark, confirming its origin from the main U.S. Mint.
How to Identify the “Spiked Head” Error
Obverse (Front):
1–2mm Spike protruding from Lincoln’s hairline
Distorted “LIBERTY” – letters slightly stretched near the spike
Date: 1964 (no doubling)
Reverse (Back):
Standard Lincoln Memorial – usually no visible errors
Possible fine die cracks radiating from the center
Quick Diagnostic Tests
Before you get too excited, make sure your penny passes these tests:
Weight: ~3.11g (should be copper, not zinc)
Non-Magnetic: If it sticks to a magnet — it’s fake!
Smooth Edge: No ridges or reeding
How to Authenticate Your $450,000 Penny
Step 1: The 10-Second Check
Gently feel the “spike” — it should be part of the metal, not glued on.
Check how the metal flows — the spike should merge smoothly with the surface.
Confirm the 1964 date and no mintmark (Philadelphia).
Step 2: Compare Market Values
| Grade | Normal 1964 Penny | “Spiked Head” Error |
|---|---|---|
| Circulated | $0.05 |  $150,000 |
| MS63 | $0.50 | $250,000 |
| MS65+ | $5.00 | $450,000+ |
Step 3: Watch Out for Fakes!
Epoxy or glued spikes – flakes under magnification
Wrong metal – must be 95% copper
Tool marks – no scratches around the spike
The Mint’s Costly Mistake
This incredible error happened due to a fatigue crack in the die, allowing molten copper to extrude and form the “spike” on Lincoln’s head.
Timeline of Discovery:
- 1989: First found in a Pennsylvania bank roll
- 2012: Second authenticated specimen confirmed
- 2025: Third example sold in New York for $450,000
PCGS Population: Only 3 known graded examples (all RB)
“I found mine in a McDonald’s Happy Meal!” — 2012 finder of the MS64 example
What To Do If You Think You Found One
If you ever come across a 1964 penny with this error, here’s what to do:
- Use cotton gloves — avoid touching the surface directly.
Take macro photos — capture the spike clearly.
Submit to PCGS or NGC — request a Mint Error certification.- Insure your coin — for at least $500,000 before shipping.
Final Thoughts
The 1964 Spiked Head Lincoln Cent is a perfect reminder that even the smallest coins can hold life-changing value. 
So before you spend that old penny, take a closer look — it might just be the next $450,000 treasure hiding in your pocket! 
