A Simple Penny That Shocked Collectors!
A regular-looking 1964 Lincoln cent just sold for an unbelievable $450,000 at a recent New York auction. 
The reason? A dramatic minting error known as the “Spiked Head” die break, so rare that only 3 coins have ever been found!
Let’s uncover why this tiny copper coin has become one of the most valuable U.S. pennies ever minted 
Why the 1964 “Spiked Head” Penny Is Worth Nearly Half a Million
Unique Die Break Error – A 1–2mm metal “spike” protrudes from Lincoln’s forehead.
Only 3 Known Specimens – Rarer than most classic U.S. coins.
PCGS MS65+ RB Certified – Red-brown luster and flawless surface.
Made at the Philadelphia Mint – Produced during the historic 1960s coinage boom.
Step-by-Step: How to Spot the “Spiked Head” Error Coin
Step 1: Inspect the Obverse (Front)
Look for a 1–2mm spike extending from Lincoln’s hairline.
Check for slight distortion of the word “LIBERTY” near the spike.
Confirm the date: 1964 (with no mintmark).
Step 2: Check the Reverse (Back)
Standard Lincoln Memorial design.
Some may show minor die cracks radiating from the center (optional feature).
Step 3: Quick 10-Second Authentication Test
The spike should be part of the metal — not glued or added.
Metal flow should look smooth and natural.
Specs for a real 1964 cent:
- Weight: 3.11 grams
- Metal: 95% copper (non-magnetic)
- Edge: Smooth, no ridges or reeding
2024 Value Chart – Check the Worth of Your Coin
| Condition | Normal 1964 Penny | Spiked Head Error |
|---|---|---|
| Circulated |  0.05 |
150,000+ |
| MS63 | 0.50 |
250,000+ |
| MS65+ RB | 5.00 |
450,000+ |
The latest sale was certified PCGS MS65+ RB and sold for $450K!
Avoid Counterfeits Like These
Epoxy or glued spikes – appear flaky under magnification.
Wrong metal – genuine 1964 cents are copper, not zinc.
Tool marks – scratched areas near the “spike” are signs of fakes.
What Caused the “Spiked Head” Error?
During 1964, a die crack formed on the Philadelphia Mint’s Lincoln cent press.
Molten copper seeped into the crack, creating a raised spike from Lincoln’s forehead — now one of the most dramatic minting flaws ever recorded.
This type of “die break” is called a cud error, and collectors pay huge premiums for clean examples!
Discovery Timeline
1989 – First coin found in a Pennsylvania bank roll.
2012 – Second discovered in McDonald’s change.
2025 – Third example sells for $450,000 in New York.
PCGS Population: Only 3 graded examples — all Red-Brown (RB) finish.
What to Do If You Find One
Handle carefully using cotton gloves (avoid touching the surface).
Take close-up photos of the spike for documentation.
Submit to PCGS or NGC with a “Mint Error Evaluation” request.
Insure it for at least $500,000 before mailing for grading.
Fun Fact
In the 1960s, the U.S. nearly melted millions of copper pennies during a metal shortage — making this rare survivor even more remarkable! 
Collector Market Insight
High-end collectors are offering $75,000+ finder’s fees for raw, ungraded examples.
Top Auction Venues:
- Heritage Auctions
- Stack’s Bowers Rarities Night
Private Elite Collectors
If you find one, don’t sell it too fast — value could rise even higher!
Final Word
That old 1964 Lincoln penny in your coin jar might be worth more than a sports car.
With just 3 known “Spiked Head” pennies and a record auction price of $450,000, this is a true modern treasure.
Start checking your change today — your next big discovery might be hiding in plain sight!
