The coins that pass through our hands every day rarely arouse interest. Sometimes, however, it is in the ordinary that unexpected finds worthy of collectors’ attention are found. Such is the story of the 1968 penny, a coin that seems familiar and unremarkable, but may hold a surprise.
When it comes to the 1968 penny value, most people imagine a one-cent price – exactly what it says on the coin. But in the world of numismatics, it is not that simple. Certain 1968 specimens can be worth tens or even hundreds of dollars. The reason is the rare minting errors that occurred at the U.S. Mint during the production of these coins.
Some of these errors are so subtle that they can only be discerned by close inspection under magnification. However, they are what add value – and sometimes turn an ordinary penny into a coveted collector’s item. So, here you will learn how to examine in detail the most interesting and valuable varieties of errors of 1968, how to recognize them and can find some useful tips related to these coins.
Why the 1968 Penny Attracts Collectors
While millions of Lincoln pennies were minted in 1968, not all of them are created equal. Several unique factors make this year particularly interesting for collectors, especially those on the hunt for error coins.
Three Mints, Different Stories
In 1968, Lincoln cents were minted at three U.S. Mint facilities, each leaving its own mark. Philadelphia struck coins without a mint mark for everyday circulation, while Denver produced coins marked with a “D” for circulation. The San Francisco Mint only made proof coins that year: high-quality strikes for collectors, not general circulation. These proof coins had polished dies, producing mirror-like finishes and exceptional detail.
This variety in mint locations and production styles offers more opportunities to find unique and valuable coins, especially among the proof coins from San Francisco.
A Transitional Period in Minting
1968 was a notable year in U.S. coin production. The U.S. Mint was recovering from major coinage changes made earlier in the decade, and quality control wasn’t always perfect. That makes this a “sweet spot” for collectors – errors slipped through, and some were preserved in pristine condition.
Additionally, 1968 was one of the first years after the removal of silver from dimes and quarters, which shifted collector interest heavily toward cents and nickels – smaller denominations that still held interest and offered minting quirks to explore.
Proof Coins and Collectible Condition Add an Extra Layer
The 1968-S proof penny is especially intriguing. Unlike circulation coins, proof coins were struck with polished dies on specially prepared blanks. They often display exceptional detail and mirror-like surfaces. However, this also means that any error in a proof coin stands out more – making it more desirable to collectors.
Additionally, even when looking for errors, coin condition is critical. Clean surfaces, sharp detail, and full mint luster can dramatically improve a penny’s value. This is why collectors often pair error-hunting with condition grading and use magnifiers, proper lighting, and coin albums to protect their finds.
The Most Valuable 1968 Penny Errors
Now that we’ve covered why the 1968 penny is worth your attention, it’s time to look for the errors that make certain pennies highly collectible and valuable. The 1968 Lincoln penny saw its share of minting mistakes, and these errors are exactly what you will want to look for. Some errors are relatively common, while others are quite rare, but they all carry the potential for significant value – especially if you happen to come across a specimen in exceptional condition.
- Doubled Die Obverse (DDO)
One of the most sought-after errors for the 1968 penny is the Doubled Die Obverse (DDO). This error occurs when the die used to strike the coin is misaligned, resulting in doubling on the obverse (front) of the coin. On a 1968 penny, you can spot this error especially in the word “LIBERTY” and the phrase “IN GOD WE TRUST.” The doubling effect creates a bold, double-impression look that can be easily spotted with a magnifying glass.
What makes it valuable?
- The more prominent the doubling, the higher the value.
- The DDO is especially prized in proof coins, but Denver and Philadelphia minted coins also feature this error.
- The error is harder to find on uncirculated coins, making it all the more desirable.
Tip: The 1968-S proof penny with DDO is the most valuable, often getting higher prices at auctions.
- Off-Center Strike
The off-center strike error happens when the planchet (the blank coin before it’s struck) is not properly aligned in the press. As a result, the design is struck off-center, leaving part of the coin blank and the other part fully stamped.
Why this is important for collectors:
- Off-center strikes are always unique, and the degree of the error determines the value.
- A minor off-center strike may only reduce the coin’s value slightly, but a significant off-center strike (50% or more) could significantly increase its worth.
- Unlike other errors, off-center strikes can happen on coins from any mint.
Tip: Condition matters here! A pristine off-center penny is far more valuable than a heavily worn one, even if the error is more pronounced.
- Die Crack and Cuds
Die cracks and cuds are more subtle, but they can add to a 1968 penny’s value. A die crack occurs when a crack forms in the die during the minting process, leaving an impression of that crack on the coin. A cud is a chunk of the die that has broken off, causing a raised area on the coin’s surface.
Why do collectors care?
- Die cracks often appear in prominent places on the coin, like along the rim or near the lettering, and when they are well-defined, they become collectible.
- Cuds are rare and can make for some strikingly unusual pieces. These errors are often considered more valuable than die cracks because they’re more noticeable.
Tip: Pay close attention to the placement of the die crack or cud. A crack near Lincoln’s face or the date can increase its desirability among collectors.
- BIE Error
The BIE error is one of the most interesting and quirky mistakes to look for in the 1968 penny. This error happens when a small die break causes a “BIE” to appear between the B and E in “LIBERTY.” It is a minor error, but collectors still find it interesting and collectable, especially because it’s relatively common on coins from the 1960s.
Why check it out?
- The BIE error is more of a curiosity than a high-value error, but it can still be worth a few dollars depending on the coin’s condition and rarity.
- This error is most commonly found on 1968-D and 1968 (Philadelphia) pennies.
Tip: While the BIE error doesn’t carry huge value, it’s still a neat error to look for, and it can add to your collection of minor but collectible imperfections.
Summary Table for Your Convenience: Key 1968 Penny Errors
| Error type | Description | Mint marks found | Value range (approx.) |
| Doubled Die Obverse (DDO) | Doubled letters on the obverse, especially on “LIBERTY” and “IN GOD WE TRUST” | 1968 D, 1968-S | $50 to $1,000+ (depending on severity) |
| Off-Center Strike | Misaligned strike, leaving part of the coin blank | All mints | $5 to $300+ (depending on severity) |
| Die Crack and Cuds | Cracks in the die or chunks missing from the die, causing raised areas on the coin | All mints | $10 to $100+ (depending on rarity) |
| BIE Error | A die break between the B and E in “LIBERTY” | 1968 D, 1968 (Philadelphia) | $2 to $10+ |
Each of these errors tells a story – not just about the coin itself, but about the unique conditions under which it was struck. Whether you’re searching through old rolls or browsing coin shows, recognizing these characteristics can help you spot hidden jewels. Keep in mind: rarity, condition, and eye appeal all play a role in a coin’s market value. Even small imperfections like a die crack or BIE error can catch the eye of the right collector and add variety to your collection.
Tips for Collectors and How to Identify Valuable Coins
Now that you know what to look for in a 1968 penny, let’s talk about how to actually find and evaluate these coins. You can be an experienced collector or just starting out – these practical tips will help you avoid common mistakes, assess value accurately, and build a more rewarding collection.
Master the art of close inspection
Some 1968 penny errors – like the DDO or die cracks – can be incredibly subtle. Here is how to give each coin the attention it deserves:
- Use the right tools: A 10x magnifier or jeweler’s loupe is essential for spotting minor details like doubling or die cracks.
- Good lighting matters: Use an LED lamp or strong natural light to reveal surface imperfections.
- Look from multiple angles: Doubling and other surface errors sometimes become more visible when the coin is tilted.
Tip: Don’t just examine the obverse (front); many clues about off-center strikes and cuds appear on the reverse.
Use smart tech like Coin ID Scanner app
One of the most efficient ways to check your coin’s potential value or confirm an error is by using a specialized app like Coin ID Scanner. It allows you to:
- Instantly scan your coin and compare it with known error types
- Get price estimates based on condition and market data
- Store and organize your collection digitally
This is especially helpful when dealing with coins like the 1968 penny, where minor details can make a big difference in value. The app is a great choice for all users to stay informed and organized.
Build a Consistent Hunting Routine
Finding a rare 1968 penny isn’t always about luck – it is about persistence. Here are a few habits that pay off:
- Check pocket change and coin rolls from the bank regularly
- Trade with other collectors or visit local coin shows
- Join online collector forums to learn and share new finds
Over time, you will develop an eye for spotting errors and estimating value faster.
A Hobby to Surprise You
Coin collecting is not only about rarities and auctions, it is also about the pleasure of searching, attention to detail and constant discovery of new things. The 1968 penny is just one of hundreds of opportunities to start or continue your journey in numismatics. Due to learning about errors, minting features, and rare specimens, you will develop observational skills and add stories to your collection, not just metal. And that’s the main interest – every penny can be the start of a fascinating hobby.