1987D Penny Value & History

A particular type of 1987 Lincoln cent, sometimes identified by a specific mint mark or error, holds value beyond its face value. Variations in production, including potential minting errors, can impact a coin's market price. The specific characteristicsincluding the mint mark or any apparent imperfectionsare key to determining its worth. Such coins are often sought by collectors and numismatists.

The significance of a 1987 cent, including any designated variety, depends on its condition and rarity. Higher-grade examples of rare varieties can command premium prices in the numismatic market. This value stems from the coin's historical position within the series, along with the characteristics distinguishing it from standard issues. The historical context of coin production, including the technology used and any issues related to the minting process, also plays a role in the coin's value.

This discussion provides essential context for articles exploring numismatic interest in specific coins from the 1987 issue. The inherent value, collectible worth, and historical implications of these particular pieces are central to any further exploration in this field.

1987d Penny

Understanding the 1987D penny involves appreciating its specific characteristics within the broader context of the 1987 Lincoln cent series.

• Mint mark
• Condition
• Rarity
• Collectibility
• Numismatic value
• Error coins

The 1987D penny's mint mark (D) identifies its origin, impacting its value. Condition, such as wear or damage, significantly influences its worth. Rarity is determined by the coin's presence within the series or potential errors. Collectibility reflects the desire of collectors for this specific type. Numismatic value considers market trends and historical context. Errors, if present, can greatly increase a coin's desirability and price. A worn 1987D penny might hold little value, while a high-grade, error-free example could command significant premiums.

1. Mint mark

The mint mark "D" on a 1987 penny signifies the location of the U.S. Mint facility where the coin was produced. Understanding this mint mark is crucial to appreciating the significance and potential value of a 1987D penny.

• Identifying the Mint of Origin
  

  The mint mark "D" unequivocally indicates the Denver Mint as the production site. Distinguishing this specific mint mark allows for accurate identification and classification within the broader context of the 1987 Lincoln cent series.

• Impact on Collectibility
  

  The Denver Mint's output, along with any specific characteristics associated with its production, contributes to the overall rarity and collectibility of a particular 1987D penny. This, in turn, affects its market value. A well-preserved example of a 1987D penny with desirable characteristics, including a particular mint mark, might command a higher price in the numismatic market compared to a coin lacking this distinctive mark.

• Rarity and Value Considerations
  

  Rarity associated with a specific mint mark can influence a coin's value. Certain 1987D pennies, potentially exhibiting unusual characteristics or features due to the specific production process at the Denver Mint, may be considered more desirable or rare, hence appreciating in value. Overall, assessing mint mark in the context of the 1987 penny's broader characteristics is crucial to accurately evaluate potential worth.

• Distinguishing from Other Issues
  

  The mint mark "D" plays a critical role in differentiating a 1987D penny from other 1987 Lincoln cent issues, such as those originating from the Philadelphia Mint (no mint mark). This distinction is vital for collectors and numismatists to identify specific coins and accurately understand their significance within the complete series.

In conclusion, the mint mark "D" serves as a fundamental identifier for coins produced at the Denver Mint. It plays a significant role in the numismatic evaluation of a 1987D penny, influencing its collectibility, rarity, and ultimately, its market value. Appreciation of this detail is crucial for any comprehensive understanding of this particular coin.

2. Condition

The condition of a 1987D penny significantly impacts its value. Coin condition encompasses the degree of wear, damage, and preservation, factors directly influencing a coin's desirability and market price. Assessing these aspects is crucial for accurate valuation and understanding a coin's overall worth.

• Grade Determination
  

  Grading systems, such as the Sheldon scale, are standardized tools for evaluating a coin's condition. Different grades reflect varying levels of preservation. A high-grade 1987D penny, exhibiting minimal wear and damage, will command a higher price than a low-grade example with significant imperfections. The grade assigned reflects the coin's visual appeal and preservation, directly relating to the collector's desire and its market value.

• Wear and Damage Assessment
  

  Wear, including scratches, dents, or discoloration, directly affects a 1987D penny's visual appeal and grade. Damage, such as bending, splitting, or corrosion, represents further deterioration and substantially lowers the coin's value. Careful examination by an expert is essential for accurate evaluation of wear and damage in a coin's condition.

• Preservation and Handling
  

  Proper storage, handling, and environmental protection can significantly influence the long-term condition of a 1987D penny. Protecting a coin from moisture, dust, and physical stress is crucial to its preservation, directly influencing its potential for a higher grade. Coins stored improperly, exposed to extreme temperatures, or handled roughly will experience more rapid deterioration.

• Impact on Value
  

  Condition directly correlates with market value. A high-grade, well-preserved 1987D penny has a considerably higher market value compared to a low-grade specimen with significant imperfections. This relationship between condition and price is a cornerstone of numismatic evaluation.

The condition of a 1987D penny, encompassing its grade, wear, damage, and preservation, forms a critical component of its overall value. Collectors prioritize well-preserved specimens with minimal imperfections. The quality of the coin's physical state directly reflects its desirability in the market. Accurate assessment of a 1987D penny's condition is paramount for its accurate valuation within the numismatic community.

3. Rarity

Rarity, in the context of a 1987D penny, signifies the relative scarcity of a particular coin within the broader 1987 Lincoln cent series. Factors influencing this scarcity directly impact the coin's value within the numismatic market. Understanding these factors is crucial to assessing the true worth of a 1987D penny.

• Mint Production Issues
  

  Variations in minting practices can lead to certain 1987D pennies being more rare than others. Issues with the production process, such as die errors, strike problems, or misaligned dies, can create unique, identifiable characteristics that make some 1987D pennies rarer. The identification and authentication of these errors by experts are key aspects of determining their rarity.

• Condition and Preservation
  

  The condition of a 1987D penny profoundly affects its rarity, even within a particular variety. A high-grade example of a rare variety will be more valuable and rare than a lower-grade version. The preservation of the coin's original characteristics is paramount. Collectors often seek specimens with pristine surfaces and sharp details, elevating their rarity status.

• Specific Mint Marks and Errors
  

  The presence of a specific mint mark, in this case "D" for Denver, does not inherently determine rarity. However, certain 1987D pennies, due to mint-related imperfections or errors, might be more sought-after. Such errors, like misaligned dies or die breaks, make these 1987D examples more valuable and rare due to their uniqueness and reduced number compared to standard issues.

• Historical Context
  

  The historical context of coin production, including the specific technological capabilities of the time, provides insight into the likelihood of specific errors or variations. Understanding this historical backdrop can inform an assessment of the rarity potential of a given 1987D penny. Conditions influencing the manufacturing process, such as equipment malfunction or operator error, can affect the rarity of specific 1987D specimens.

Ultimately, a 1987D penny's rarity is a function of its unique characteristics, condition, and scarcity within the larger population of 1987 Lincoln cents. A thorough understanding of these interconnected factors is essential for a comprehensive assessment of its worth and position within the numismatic community.

4. Collectibility

Collectibility, in the context of a 1987D penny, refers to the degree to which a specific coin is sought after by collectors. This interest arises from a combination of factors, including the coin's inherent characteristics and the broader numismatic market trends. The perceived desirability of a 1987D penny, therefore, hinges on factors influencing its rarity and condition. A high level of collectibility translates to increased demand and consequently, a higher market value.

Several factors contribute to the collectibility of a 1987D penny. The mint mark "D" signals its origin from the Denver Mint, potentially distinguishing it from other 1987 Lincoln cent issues. Rarity plays a crucial role; coins with unique characteristics, such as mint errors or specific die varieties, hold greater collectibility. Condition significantly influences desirability; well-preserved specimens with a high grade command premium prices. Market trends also impact the coin's appeal; periods of heightened interest in the 1987 series or specific types can drive up demand. For instance, a high-grade, error-free 1987D penny with a documented die crack might command a premium due to its rarity and unique features, rendering it highly collectible. Conversely, a common, low-grade 1987D penny, without notable characteristics, holds limited collectibility.

Understanding the collectibility of a 1987D penny is crucial for both collectors and those seeking to invest in numismatic assets. Collectors need to evaluate factors influencing desirability to make informed choices. A collector might prioritize a 1987D penny displaying specific mint errors over one in average condition. Appraisers and investors need to assess the factors influencing collectibility for accurate valuation and potential profit. Ultimately, a thorough understanding of the connection between collectibility and the specific characteristics of a 1987D penny facilitates sound decision-making in the numismatic market.

5. Numismatic value

The numismatic value of a 1987D penny stems from a confluence of factors, each contributing to its overall worth. This value isn't solely derived from the coin's face value but from its perceived rarity, condition, and desirability within the numismatic community. A 1987D penny's intrinsic value, as a piece of currency, is negligible, contrasting sharply with its potential numismatic worth. This difference underscores the distinction between face value and collectible value.

Several factors directly influence a 1987D penny's numismatic value. Condition plays a pivotal role; a high-grade, practically pristine example commands a significantly higher price than a worn or damaged one. Rarity, defined by factors like mint errors, die varieties, or the specific production run of the 1987D penny, is another crucial component. For instance, a 1987D penny with a documented die crack will likely hold a higher numismatic value than a standard example. Market demand also fluctuates. Trends in the broader numismatic market or specific interest in the 1987 Lincoln cent series can influence pricing. Expert appraisals, considering all these elements, provide a more accurate assessment of a 1987D penny's worth. Careful consideration of all the influencing factors ensures a more precise estimation of numismatic value.

Understanding the numismatic value of a 1987D penny is crucial for collectors, investors, and anyone considering owning or selling such coins. Accurate appraisal is essential for making informed decisions, ensuring the coin's fair market value is recognized. A well-researched understanding of the coin's specific characteristics, including its mint mark, condition, and potential rarities, is necessary for establishing a reliable estimate. Numismatic value represents the economic worth in the collectible market, a value independent of its face value or the general purchasing power of the currency.

6. Error Coins

Error coins, within the context of a 1987D penny, represent a subset of coins exhibiting deviations from standard minting procedures. These deviations, arising from various production issues, can significantly impact a coin's value, often creating substantial premiums for collectors and investors. Understanding the potential for errors within the 1987D series is essential for accurate evaluation and appreciating the factors driving their value.

Specific errors, such as misaligned dies, die breaks, or doubled die impressions, can occur during the minting process. These errors, when present in a 1987D penny, can render the coin a valuable specimen, distinct from standard issue coins. The occurrence of such errors is often a function of the technological capabilities and procedures employed during the coin's production. Examples might include a 1987D penny with a noticeable doubled die on the Lincoln's head, or one with a die break on the Lincoln Memorial. The impact of such errors is frequently magnified when the coin is in high grade, further enhancing its desirability. A high-grade example of an error coin can fetch substantially more than a similar, but standard, coin.

Identifying and authenticating error coins is crucial. The presence of an error does not guarantee high value, as the degree of the error, condition, and the overall desirability within the market all contribute. A skilled numismatist or appraiser with expertise in the specific type of error present in the 1987D penny is essential for accurate valuation. Understanding the causes of these errors, like a misaligned die, can also provide valuable insight into the historical context of the minting process. Collectors and investors, aware of error characteristics in the 1987D series, can confidently evaluate these coins, recognizing the potential for elevated value based on their unique characteristics. In summary, error coins within the 1987D series present a fascinating intersection of historical processes, numismatic interest, and financial value.

Frequently Asked Questions about the 1987D Penny

This section addresses common inquiries regarding the 1987D penny, focusing on its characteristics, value, and collectible significance. Accurate information is crucial for collectors and investors to make informed decisions.

Question 1: What distinguishes a 1987D penny from other 1987 pennies?

The "D" designates the Denver Mint as the production site. This mint mark is a key identifier differentiating this coin from those minted in Philadelphia (no mint mark). This distinction is vital for proper categorization and valuation within the series.

Question 2: How does the condition of a 1987D penny affect its value?

Condition significantly impacts a 1987D penny's value. A high-grade coin, exhibiting minimal wear and damage, commands a higher price than a low-grade specimen with significant imperfections. Grading systems, like the Sheldon scale, provide standardized evaluation.

Question 3: What role does rarity play in determining a 1987D penny's value?

Rarity, encompassing the coin's scarcity within the 1987 series, is a significant factor. Mintage errors, die varieties, or the presence of unique characteristics can contribute to rarity. A rare 1987D penny, with documented errors, will typically command a higher price compared to a standard issue.

Question 4: Are there any specific errors to look for in a 1987D penny?

Certain errors, such as misaligned dies, die breaks, or doubled dies, can dramatically increase a 1987D penny's value. Collectors and appraisers should carefully examine potential errors, consulting reputable guides and expert opinions for accurate identification and valuation.

Question 5: How can I determine the approximate value of my 1987D penny?

Precise valuation requires careful consideration of multiple factors, including condition (grade), rarity (specific varieties or errors), and market demand. Consulting numismatic guides, online resources, or contacting professional coin appraisers can provide a more informed estimate of the coin's value.

Question 6: Where can I find more information about 1987D pennies?

Numismatic resources, such as books, websites, and professional coin grading services, offer comprehensive information about the 1987D penny. These resources can assist in understanding the details of this coin and its relative value.

A thorough understanding of these factors is crucial to comprehending the value and significance of a 1987D penny within the broader numismatic context. This knowledge allows for informed decisions regarding acquisition, investment, or sale.

This section provides a foundational understanding; further research into specific attributes of individual 1987D pennies is recommended for a complete evaluation.

Tips for Evaluating 1987D Pennies

This section provides practical guidance for assessing 1987D pennies, focusing on key characteristics impacting their value and collectibility. Thorough evaluation is crucial for accurate valuation and informed decisions within the numismatic market.

Tip 1: Mint Mark Verification

Accurate identification of the mint mark "D" is paramount. The presence of the "D" signifies the coin's origin from the Denver Mint. Verification involves careful examination, ensuring the mark is clearly visible and not obscured by damage or wear. Failure to confirm the mint mark correctly can lead to misidentification and inaccurate valuations.

Tip 2: Condition Assessment

Condition directly correlates with value. A high-grade coin, exhibiting minimal wear and damage, is far more valuable than a low-grade one. Use a standardized grading scale, such as the Sheldon scale, to assess the coin's condition objectively. Factors include surface marks, scratches, dents, and overall preservation. Detailed attention to these attributes ensures an accurate representation of the coin's physical state.

Tip 3: Rarity Determination

Rarity is determined by the coin's scarcity within the 1987 Lincoln cent series. The presence of potential errors, die varieties, or unique characteristics increases rarity. Consult reputable numismatic resources and experts to ascertain the specific rarity associated with the 1987D penny in question. Researching specific die varieties can aid in establishing a coin's rarity.

Tip 4: Error Coin Identification

Error coins, exhibiting deviations from standard minting procedures, can significantly increase value. Misaligned dies, die breaks, or doubled dies are examples of common errors. Thorough examination for such imperfections is crucial. Consult experienced numismatists or specialized resources to accurately identify and authenticate potential errors. Documentation of observed errors is essential for verification.

Tip 5: Market Research and Valuation

Market trends influence the value of a 1987D penny. Current market prices are determined by supply, demand, and the overall state of the numismatic market. Online resources, numismatic publications, and professional appraisals can provide current valuation guidance. Comparing similar coins with comparable attributes and conditions is an important aspect of assessing market value. These insights offer a broader perspective on the coin's worth.

Tip 6: Documentation and Preservation

Proper documentation of the 1987D penny's characteristics, including pictures, details about condition, and identification of potential errors, is crucial. Proper storage and handling methods help maintain the coin's condition, preserving its value for future generations of collectors. Using archival-quality materials and appropriate environmental controls is an important step in preserving the integrity of the coin for future assessments.

Applying these tips provides a comprehensive approach to evaluating a 1987D penny, ensuring accurate assessment of its worth and maximizing the potential return for collectors and investors. A thorough and detailed evaluation, considering multiple factors, is essential for informed decisions in the numismatic market.

Further research into specific 1987D penny attributes and consulting with experts are advised for a comprehensive evaluation.

Conclusion

The 1987D penny, a seemingly common coin, holds significant value within the numismatic realm. Its worth is determined not by its face value, but by a complex interplay of factors. The mint mark "D," differentiating it from other 1987 Lincoln cents, signifies its origin at the Denver Mint. Condition, crucial to its overall value, encompasses grade, wear, and preservation. Rarity, influenced by production issues, die varieties, and the presence of potential errors, further elevates value. The coin's collectibility stems from its unique characteristics, appealing to collectors seeking specific varieties or those interested in error coins. Finally, understanding market trends, through research and expert consultation, facilitates accurate valuation, crucial for both collectors and investors. These factorsmint mark, condition, rarity, and market trendscollectively determine the numismatic value of any given 1987D penny.

Further exploration of specific 1987D penny variations, particularly those associated with minting errors or unique characteristics, promises continued interest within the numismatic community. Accurate assessment of these features remains essential for knowledgeable valuation and informed decision-making. Appreciation for the nuances of coin production and the historical context surrounding specific coins like the 1987D penny strengthens the pursuit of collecting and the preservation of numismatic history. Careful study and professional consultation are integral to both the appreciation and investment potential of these valuable coins.