Most 1989 pennies are not worth much. However, uncirculated specimens may be purchased at a premium. Coins that have been stored in good condition will be more valuable in today’s market. To learn more about these one-cent coins, read on.
1. 1989 D Penny
Most 1989 pennies in circulation are worth only their face value of $0.01. However, those in uncirculated condition with an MS 65 grade can be sold for a premium; the 1989 D penny and 1989 penny without a mint mark are each valued at approximately $0.30.
The Denver Mint produced over 5.3 billion 1989-D pennies, with an estimated value of between $0.01 and $2.00 for those looking to buy or sell the coin.
The annealing process of the planchet was not conducted correctly, resulting in the coin developing stains. This process involves repeatedly heating and cooling the planchet to reduce its brittleness, potentially making it more pliable.
2. 1989 S Penny
The Lincoln cent, otherwise known as the 1989 Lincoln penny, was first struck in 1909 to commemorate the 100th birthday of Abraham Lincoln, the 16th President of the United States. This coin is worth one penny on its face.
The San Francisco Mint produces proof coins, including the 1989-S penny. With only 3.2 million of these coins produced, it is evident that the process of creating them is difficult. Nevertheless, the proof pennies are highly attractive and intricate.
Victor David Brenner’s right-profile portrait of Abraham Lincoln is featured on the obverse of the 1989 cent, with the inscription “IN GOD WE TRUST” atop Lincoln’s head and “LIBERTY” printed to the left. The year 1989 and mint mark, if present, can be found on the right side.
The 1989 penny, featuring a reverse designed by Frank Gasparro, bears the image of the Lincoln Memorial to accompany Lincoln’s bust. This design was used on the penny from 1959 to 2008.
3. 1989 Canadian Penny
Nearly all Canadian copper pennies, including those minted prior to 1982, are composed of 95% copper. The remaining 5% is comprised of zinc and tin. The current market value of copper far exceeds the face value of these coins, making them a valuable commodity.
The obverse of all Canadian coins feature the reigning monarch at the time of their release, with Queen Elizabeth II being the last. Her portrait was first used on coins in 1953, and has since been revised three times: 1965, 1990 (Dora de Pedery-Hunt) and 2003 (Susanna Blunt).
In 1967, to commemorate the occasion, Canadian artist Alex Colville released a special poster featuring a rock dove. This marked the first time since 1937 that the maple leaf design for the penny had not been used, until it was retired in 2012. The botanical accuracy of the maple twig depicted on the coin is questionable, as maples typically have opposite leaves, whereas the arrangement of the twig on the coin is clearly alternate.
4. 1989 Australian Penny Coin
The 1989 Australian 5 cent coin, featuring Stuart Devlin’s echidna design, is of particular value due to its coppery crimson brilliance, which is unexpected given the cupro-nickel blank typically has a silvery appearance.
The coppery red color of this off-metal coin error is the first thing to catch the eye. Upon closer inspection, the rim striking is poor and the word “ELIZABETH II” on the obverse has fishtailing. This planchet can be found on our now-outdated Feather-Tailed Glider and Frilled-Lizard 1 cent and 2 cent coins.
The evidence suggests that the planchet intended for a $5 bill is smaller than expected. This is supported by a comparison of the 1 cent and 5 cent specifications, which show that the 1 cent measures 17.53 millimeters in length, weighs 2.59 grams, and has a thickness of 2.83 millimeters. This planchet was struck with a lighter weight blank than necessary, yet with a broader diameter, resulting in a coin as expected.
5. 1989 British Penny
The half penny was abandoned in 1984, leaving the one penny coin as the lowest circulating denomination of the British Pound Sterling. On February 15, 1971, the UK switched to a decimal currency system, introducing three new coins into circulation.
In 1989, copper-plated steel coins were introduced to replace bronze, and in 2008 a new design was unveiled. Despite this, the older coins remain in circulation and have been in use for 33 years.
6. 1989 German Penny
The Deutsche Mark, abbreviated as DM, was the official currency of West Germany from 1948 until 1990 and of a united Germany from 1990 until 2002. The 1 Pfennig coin, sometimes referred to as 1 Pf, was the smallest circulating denomination of the Deutsche Mark. This coin was divided into 100ths of a Mark.
In 1999, the Euro replaced the Deutsche Mark, with its coins and banknotes denominated in euros remaining in use until the introduction of euro notes and coins on January 1, 2002. On this date, the Deutsche Mark’s legal tender status was immediately terminated. On February 28, 2002, after 13 years of circulation, 1989 coins in Germany were no longer accepted as legal money.
The 1898 penny remains a highly sought-after item among collectors. Coins in excellent condition and rare on the market are especially valuable. This article provides values of coins that have been in circulation for some time, offering readers valuable insight.
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