Found in an Old Purse: Rare Lincoln Penny Worth More Than the Handbag

How a Rare Lincoln Penny Could Be Found in an Old Purse

Discovering a rare coin tucked inside a worn purse is more common than many people think. Purses and wallets often hold coins passed down or misplaced decades ago.

When you find a Lincoln penny, a quick visual inspection can indicate whether it’s an ordinary cent or a potential rarity. This guide explains which Lincoln pennies are valuable and what to do next.

Which Lincoln Pennies Are Valuable?

Not every old Lincoln cent is rare. Value depends on date, mint mark, composition, and mint or die errors. Here are the main Lincoln cents that collectors prize.

• 1909-S VDB – The first Lincoln cents with VDB initials on the reverse are highly sought when in good condition.
• 1909-S and 1909-S VDB – Early San Francisco issues are scarcer than later dates.
• 1914-D – A low-mintage Denver issue that can be valuable in nice grades.
• 1922 No D – Coins struck at Denver without a readable mint mark are classic rarities.
• 1955 Doubled Die Obverse – Distinct doubling of the date and lettering makes this a famous error coin.
• 1943 Bronze Cents – Most 1943 cents are steel; a bronze example is extremely rare and highly prized.

These coins vary widely in value based on condition and verification. Always authenticate before assuming a large worth.

How to Examine a Lincoln Penny Found in a Purse

Start with a careful, non-invasive inspection. Use basic tools to gather details before attempting any cleaning or testing.

1. Look closely at the date and any mint mark under the date. Mint marks (S, D) are small and often worn.
2. Check the coin’s color. Most Lincoln cents from 1944–1982 are bronze and copper; 1943 cents are steel unless rare bronze variants exist.
3. Search for doubling on the date or lettering—this may indicate a doubled die.
4. Weigh the coin on a precise digital scale. Steel 1943 cents are magnetic; bronze is not.
5. Do not clean the coin. Cleaning can reduce value dramatically.

Tools to Use

• 10x loupe for close visual inspection.
• Digital kitchen scale accurate to 0.01 g.
• Small magnet for composition testing.
• Good light or a jeweler’s lamp for detail.
• Reference guides or reliable websites for comparison images.

Common Signs of a Valuable Lincoln Penny

Knowing what to look for helps prioritize coins for authentication. Look for clear characteristics visible even without grading tools.

• Sharp, readable date and mint mark with minimal wear.
• Distinct die doubling or error features on the obverse or reverse.
• Unusual metal color compared to common examples of the same year.
• High strike detail on Lincoln’s bust and wheat or shield reverse.

Authenticating and Grading the Coin

If initial inspection suggests rarity, authentication is the next step. Professional grading confirms authenticity and assigns a condition grade.

Reputable third-party graders include PCGS and NGC. Submission will involve fees, turnaround time, and secure shipping.

• Local coin dealers can provide a quick opinion, but get a second, independent assessment for valuable finds.
• Grading services will encapsulate the coin and provide a marketable grade that typically boosts trust and sale price.

Selling or Holding: What to Do Next

Decide whether to hold the coin as an investment or sell. Options depend on condition, rarity, and your timeline.

• Sell through an auction house that specializes in rare coins for the best exposure.
• Work with a reputable dealer who will buy outright or consign the coin.
• Use online marketplaces for faster sales but expect variable buyer expertise.
• Hold and insure the coin if you prefer long-term appreciation.

Compare offers, request references, and avoid rushed decisions. Small differences in grading can cost or save thousands.

Real-World Example: A Purse Find That Paid Off

A homeowner cleaning out a late grandmother’s purse discovered a worn Lincoln cent with an unusual date and odd doubling. Initial photos posted to a collectors forum drew attention.

After a local dealer examined the coin, the owner sent it to a professional grading service. The coin was certified with a notable error and later sold through a specialist auction to a private collector for several thousand dollars.

The owner used the proceeds to repair the purse and cover estate expenses, proving that small finds can yield meaningful returns.

Quick Checklist When You Find a Lincoln Penny in a Purse

• Do not clean or alter the coin.
• Use a loupe and good light for inspection.
• Check for mint marks, doubling, and unusual color.
• Weigh and test with a magnet if needed.
• Get a professional opinion before selling.

Finding a rare Lincoln penny in an old purse is an exciting possibility. With careful inspection, proper authentication, and informed selling choices, a single cent can be worth far more than the handbag it came from.