1968 Lincoln Memorial Cent: The 1968 Lincoln Memorial Cent is a fascinating coin, blending historical significance and unique design quirks that continue to intrigue collectors. Minted during a time of change, this coin marked the return of mintmarks on U.S. currency after a three-year hiatus. Its distinctive appearance, tied to production challenges, and its role in numismatic history make it a noteworthy addition to any collection.
In this guide, we’ll explore the coin’s design, production history, and what makes it so appealing to collectors. Whether you’re a seasoned coin enthusiast or new to the hobby, this guide will provide valuable insights into the 1968 Lincoln Memorial Cent and its place in U.S. Mint history.
Quick Overview of the 1968 Lincoln Memorial Cent
| Feature | Details |
| Mint Locations | Philadelphia (no mintmark), Denver (“D”), San Francisco (“S” for Proof coins) |
| Total Mintage | Over 1.7 billion coins produced across all mints |
| Material Composition | 95% Copper, 5% Tin and Zinc |
| Weight | 3.11 grams |
| Obverse Designer | Victor David Brenner |
| Reverse Designer | Frank Gasparro |
| Unique Features | Design distortions caused by worn master hubs |
| Edge Type | Plain |
A Historical Moment: The Return of Mintmarks
The 1968 Lincoln Memorial Cent was minted during an exciting time for collectors. From 1965 to 1967, mintmarks were temporarily removed from U.S. coins due to fears that low-mintage coins would be hoarded, leading to supply shortages. By 1968, this practice ended, and mintmarks returned, much to the relief of collectors eager to resume their hobby.
For 1968, business-strike cents were minted in Philadelphia (no mintmark) and Denver (with the “D” mintmark). Meanwhile, San Francisco took on the production of Proof coins, identified by their polished finish and the “S” mintmark. This decision marked the first year the San Francisco Assay Office exclusively produced Proof coins—a shift that added another layer of interest to the year’s coinage.
The Unique Design of the 1968 Lincoln Memorial Cent
One of the most intriguing aspects of the 1968 Lincoln Memorial Cent lies in its design. Both the obverse and reverse were affected by the use of worn master hubs, resulting in some notable imperfections:
- Obverse Details: The portrait of President Abraham Lincoln, originally designed by Victor David Brenner, appeared more rounded, with a lack of sharp detail. The motto “IN GOD WE TRUST” and the word “LIBERTY” often touched the raised rim of the coin.
- Reverse Details: The Lincoln Memorial, designed by Frank Gasparro, showed signs of distortion. Features like the steps and columns appeared warped, and fine details were missing.
These design flaws make the 1968 coin easily distinguishable from later years, as a new master hub was introduced in 1969, significantly improving the coin’s appearance.
Material Composition and Production Numbers
The 1968 Lincoln Memorial Cent was part of the classic copper penny era, made of 95% copper and 5% tin and zinc. Each coin weighed 3.11 grams, consistent with pennies minted before the 1982 switch to copper-plated zinc.
In terms of production, the 1968 Lincoln Cent was anything but scarce:
- Philadelphia Mint produced over 1.7 billion coins.
- Denver Mint struck even more, with slightly higher numbers.
- San Francisco Mint created Proof coins in smaller quantities, primarily for collectors.
While these numbers suggest that most 1968 cents are common, certain high-grade examples, especially those certified by top grading services, can be quite valuable.
Challenges in Minting: The Failed Superpress Experiment
The year 1968 also saw the U.S. Mint experimenting with modernizing its production processes. General Motors was contracted to design a high-efficiency coin press capable of striking 10,000 coins per minute. Dubbed the “Superpress,” this technology aimed to revolutionize minting.
However, the experiment was a spectacular failure. The intense heat and pressure generated by the machine caused the dies to break within minutes, and the coins it produced failed to meet quality standards. The Superpress was eventually abandoned, leaving behind an interesting footnote in the history of U.S. coin production.
Collecting the 1968 Lincoln Memorial Cent
1. Circulated Coins
Most 1968 Lincoln Memorial Cents found today are circulated and hold little value beyond face value. However, for those interested in history, even circulated examples can be enjoyable to collect. Occasionally, circulated coins in excellent condition (AU or better) can be found in loose change or coin rolls.
2. Uncirculated Coins
Uncirculated examples in Mint State are more desirable. Rolls of 1968 Lincoln Cents in uncirculated condition are often sold for around $5. Individual coins graded MS65RD (Mint State with Red coloring) typically sell for $1 to $2.
3. Certified High-Grade Coins
Certified coins in top grades are where the real value lies:
- MS66RD coins sell for around $20.
- MS67RD coins are significantly rarer, with prices exceeding $400 due to their scarcity.
- The rarest certified grades, such as MS67+RD (PCGS) and MS68RD (NGC), have fetched over $3,000 at auction.
4. Proof Coins
Proof coins minted in San Francisco are a highlight for collectors. Known for their mirror-like surfaces and sharp details, these coins are typically found in 1968 Proof Sets. They are more expensive than regular strikes but offer unparalleled quality for display purposes.
Top Tips for Collectors
- Prioritize Red Coins:
Coins with vibrant red coloring (graded as “RD”) are more valuable than those with brown or toned surfaces. - Look for Proof Sets:
Investing in a complete 1968 Proof Set allows collectors to acquire a pristine Proof version of the 1968 Lincoln Memorial Cent, along with other coins from the same year.
FAQs about the 1968 Lincoln Memorial Cent
What makes the 1968 Lincoln Memorial Cent special?
Its historical context, unique design flaws, and the return of mintmarks make it a notable coin for collectors.
How much is a 1968 Lincoln Cent worth?
Circulated coins are worth face value, while high-grade uncirculated or certified examples can range from $1 to $3,000.
Are 1968 Proof coins valuable?
Yes, Proof coins with the “S” mintmark are highly sought after, especially in perfect condition.
What should collectors look for in a 1968 Lincoln Cent?
Eye appeal, vibrant red coloring, and high grades are key factors that add value to the coin.
Why does the 1968 Lincoln Cent have design flaws?
Worn master hubs used during production caused rounded details and distorted features, making the 1968 cent distinct from other years.
Final Thoughts
The 1968 Lincoln Memorial Cent stands out as a coin with rich history, unique characteristics, and appeal for collectors of all levels. Whether you’re drawn to its distinctive design, intrigued by its production story, or motivated by the challenge of finding high-grade examples, this coin offers a rewarding collecting experience.
Have your own story about discovering a rare 1968 Lincoln Cent? Share it in the comments below! Don’t forget to explore our other guides to expand your numismatic knowledge. Happy collecting!
