1988 Penny Value: Some 1988 Pennies Are Worth $1,400… Do You Have Any Of These?:- There are a number of reasons that can have a big impact on the value of a penny from 1988, and these elements can be rather varied. There are a number of aspects that need to be taken into consideration, including the quality of the penny, the mint mark, and any identifying qualities that the penny might have.
1988 Penny Value: Some 1988 Pennies Are Worth $1,400… Do You Have Any Of These?
Before you decide whether or not a penny from 1988 that you have in your possession is worth more than its face value, there are a few crucial factors that you need to take into consideration during your evaluation. These factors are as follows:
Condition
The value of coins that are in uncirculated or near-mint condition (MS65 or better) is typically higher than the value of coins that are found in normal circulation. This is because uncirculated coins are more likely to be in pristine shape. This particular circumstance is the one that takes place in the vast majority of situations throughout the course of its entirety.
When you go shopping for pennies, it is recommended that you go for ones that have a level of wear that is relatively low and have details that are plainly visible. They should also have a comparatively low amount of wear.
Also see : 2020 Penny Value: Some 2020 Pennies Are Worth Nearly $5,000… See How Much Yours Are Worth
Mint Mark
One can observe a relationship between the presence of a mint mark and the worth of the item. Two of the cities that was responsible for the production of pennies in the year 1988 were Philadelphia (which did not have a mint mark), Denver (D), and San Francisco (S). In general, proof coins are San Francisco pennies, and various grades of these coins can be more expensive than other grades. Proof coins are also known as San Francisco pennies.
Errors and Varieties
There are some 1988 pennies that could be worth a significant amount more than others, depending on whether or not they have any errors or examples of uncommon varieties. Taking only one example:
1988 Doubled Die: Be on the lookout for doubling on either the obverse, which displays the profile of Abraham Lincoln, or the reverse, which depicts the Lincoln Memorial. There is a possibility that prices will go up as a consequence of these errors.
1988-D RDV-006: This is an extremely unusual variation in which the reverse die that was previously designed for 1989 pennies was used. A distinction can be made between the “FG” initials, which are Frank Gasparro’s initials, and the standard 1988 pennies that are located near the Lincoln Memorial.
Proof Coins: Generally speaking, proof coins from San Francisco, which are denoted by a “S,” are struck with a superior quality and are designed for collectors. It is possible that these will be more valuable, particularly if they are still in their original packaging and are in pristine condition.
How to Determine If Your 1988 Penny is Valuable
Verify the mark on the mint: Determine the precise location where your cent was struck by looking at the mark. Investigate the current situation of affairs: Make a determination on the current condition of the coin by using a grading system. Look for errors in the following: You should make use of a magnifying lens in order to check for any errors or duplicates that may have occurred.
Talk to a Person Who Meets the Requirements: If you have every reason to assume that you are in possession of a rare variant or error coin, you should seriously consider having it evaluated by a coin grader or appraiser who is exceptionally well-versed in the trade.
