How Much Does A 1987 Cent Cost?

If you’re a numismatist, you understand the thrill that comes with discovering an uncommon or precious coin. The 1987 cent is one such coin. However, how much does a 1987 cent cost? In this write-up, we will explore the value of a 1987 cent and what makes it rare and valuable.

1. The Uncommonness of the 1987 Cent

The 1987 cent was minted in large numbers, but only a tiny percentage are still in excellent order. Most collectors look for the rare ones that are in mint condition or have errors in the minting process. These variables make them rare and raise their worth.

2. Mint Faults and Varieties

One reason why the 1987 cent is so valuable is that some coins have defects or variations that make them distinct. For instance, some coins were struck with doubled-dies, while some have different mint marks, like the “P” mint mark, which was only used for proof sets in 1987.

3. Coin’s Condition

Similar to most coins, the coin’s condition also affects its value. A coin that is in excellent condition, with no wear, scratches or blemishes, will be worth more than one that is in average or poor condition. When looking to buy or sell a 1987 penny, it is important to consider its condition to determine its value.

4. How Much Does A 1987 Cent Cost?

The worth of a 1987 cent varies depending on its uncommonness, mint errors or varieties, and condition. Here is an estimation of the value of a 1987 cent based on its condition:

• In uncirculated state: $0.25-$0.50
• In circulated state: $0.05-$0.10

It is important to note that the value of a 1987 cent may be significantly higher if it has a rare mint error or variety.

5. Common Queries

Q: What distinguishes the 1987 cent from other cents?

A: The 1987 cent is exceptional because of its rarity, mint errors or varieties, and condition. It is a highly sought-after coin by collectors because of its potential worth.

Q: How can I determine if my 1987 cent is valuable?

A: The value of a 1987 cent depends on its rarity, mint errors or varieties, and condition. To determine its worth, you can have it evaluated by a professional coin dealer or appraiser.

Q: Where can I purchase a 1987 penny?

A: You can buy a 1987 cent from a coin dealer, a coin show, or an online auction site such as eBay.

Q: How do I care for my 1987 cent?

A: To maintain the condition of your 1987 cent, preserve it in a protective case or holder, away from moisture and sunlight. Do not clean it with harsh chemicals or abrasive materials, as this may damage the coin.

Q: Are there any other valuable cents that I should be aware of?

A: Yes, there are numerous other valuable cents, such as the 1943 copper cent, the 1955 double die penny, and the 1972 doubled die penny.

Conclusion

The 1987 cent is an exceptional coin that is highly sought after by collectors because of its rarity, mint errors or varieties, and condition. Although most 1987 cents are not worth a significant amount of money, those with unique characteristics can be quite valuable. If you own a 1987 cent, have it evaluated by a professional to determine its worth. Always take care of your valuable coins to ensure that they remain in excellent condition for years to come.