Your 1987 Penny Value Guide — Free Calculator & Error Lookup

A 1987-D/D Repunched Mint Mark (RPM FS-501) sold for $1,800 at Heritage Auctions in August 2021. Meanwhile, most 1987 pennies in your change jar are worth exactly one cent. The difference? Mint mark, condition, and knowing exactly which errors command real premiums. This tool covers all three.

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$1,800 Record RPM FS-501 sale
(Heritage Auctions 2021)
9.57B Total 1987 pennies minted
(all three mints)
$2,070 Record proof sale
PR70 DCAM · Heritage 2004
5 Known valuable error
varieties on this date
4.68BPhiladelphia mintage (no mark)
4.88BDenver mintage (D)
4.2MSan Francisco proof (S)
RD>RB>BNColor grade drives value

Free 1987 Penny Value Calculator

Select your coin's mint mark, condition, and any errors below — then click Calculate.

Step 1 — Mint Mark

Step 2 — Condition

Step 3 — Errors / Varieties (check all that apply)

If you're not yet sure of your coin's mint mark, condition, or errors, there's a free 1987 Penny Coin Value Checker with photo upload that can help you identify the details before using this calculator.

Describe Your 1987 Penny for a Detailed Assessment

Tell us what you see — we'll analyze it and flag potential value indicators.

Mention these things if you can

  • Mint mark (none, D, or S)
  • Color (bright red, reddish-brown, dark brown)
  • Any doubling in the lettering or date
  • Appearance of the D mint mark (single or doubled)
  • Whether the coin looks silver/gray

Also helpful

  • Coin weight (should be 2.5 grams)
  • Any crack visible between B and E in LIBERTY
  • Whether design appears off-center
  • Overall surface quality (bag marks, scratches)
  • Whether it's been cleaned or altered

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1987-D/D RPM FS-501 Self-Checker

Is your 1987-D penny the crown jewel variety worth up to $1,800? Work through the four checks below to find out.

1987 Lincoln Memorial penny obverse and reverse, high-grade Red example
Side-by-side comparison: normal 1987-D mint mark vs 1987-D/D RPM FS-501 with doubled D shifted north

Common 1987-D Penny

Single clean D mint mark below the date. No secondary impression. Mint mark appears crisp and isolated. Worth face value if worn; up to a few dollars uncirculated.

⭐ Rare RPM FS-501

D mint mark shows a clear ghost or shadow of a second D punched to the north of the primary impression. Under a 10× loupe, two distinct D outlines are visible. Listed as PCGS #569363 — worth $65–$1,800 depending on grade.

Run the four-point check (check each if true for your coin):

1987 Penny Value Chart at a Glance

The table below summarizes value ranges across all major 1987 Lincoln cent varieties and condition tiers. For a full in-depth 1987 penny identification walkthrough that covers every diagnostic feature, see the detailed 1987 penny identification guide at CoinValueApp. Gold rows = signature variety; red row = rarest/highest-value error.

Variety Worn (G–VF) Circulated (AU) Uncirculated (MS60–65) Gem Red (MS66–69+)
1987 No Mark (Philadelphia) Face value $0.50–$2 $0.10–$25 $25–$500+
1987-D (Denver) Face value $0.50–$2 $0.10–$30 $28–$800+
1987-S Proof (DCAM) $1–$3 $3–$14 $25–$2,070
1987-D/D RPM FS-501
⭐ Signature Variety
$20–$65 $65–$150 $150–$420 $420–$1,800+
Doubled Die Obverse (DDO)
🔴 Rarest Error
$10–$25 $25–$50 $25–$50 $50–$200+

Values are ranges based on auction records and price guides. Red (RD) designation assumed for gem grades. Individual results depend on eye appeal, strike quality, and certification.

📱 CoinKnow lets you photograph your 1987 penny and get an instant grade estimate on the go — a coin identifier and value app.

What's on This Page

The Valuable 1987 Penny Errors — Complete Guide

Five documented error and variety types can turn a common 1987 Lincoln cent into a coin worth serious money. The sidebar below lets you jump directly to any variety. Each card covers what the error is, how to spot it, and what drives collector premiums.

👑 Most Famous $20 – $1,800+

1987-D/D Repunched Mint Mark FS-501

Close-up of 1987-D/D RPM FS-501 mint mark showing secondary D impression shifted north

The 1987-D/D RPM FS-501 is the undisputed king of 1987 Lincoln cent varieties. Before 1990, each working die had its "D" mint mark hand-punched individually by a mint worker. When the first punch landed at the wrong angle or depth, the worker re-struck the mark — creating a secondary impression at a slightly different position.

On the FS-501, this secondary impression shifted noticeably to the north of the primary D, producing a clear ghost outline above the main mark. The Wexler designation classifies this as RPM#3, the strongest repunched mint mark known for the entire 1987 date. PCGS assigned it catalog number 569363 and the FS-501 designation confirms it in CONECA's File of Supplemental Data.

Only a handful of examples have been certified, with most appearing in grades from MS64 through MS67 Red. Collector demand is driven by the combination of visual drama — the doubled D is unmistakable under a loupe — and the historical significance as one of the final hand-punched RPM opportunities before computerized mark application ended the practice after 1989.

How to spot it

Examine the D mint mark with a 10× loupe under oblique lighting. Look for a distinct second D outline shifted upward (north) from the primary D. The secondary impression shows raised copper traces — not a smeared flat doubling. Both D outlines must be clearly separated and individually defined.

Mint mark

D (Denver) only. Philadelphia issues carry no mint mark and cannot show this variety. San Francisco struck proofs only, also ineligible.

Notable

Auction record: $1,800 in MS67RD at Heritage Auctions, August 2021 — confirmed on PCGS CoinFacts #569363. A MS66RD example brought $425 in the same period. URS-3 rarity rating (only a handful of certified examples), designated RPM#3 by Wexler.

🔴 Rarest $10 – $200+

1987 Doubled Die Obverse (DDO)

1987 penny doubled die obverse showing visible doubling in the date and lettering

Doubled die varieties occur during the hub-to-die manufacturing process. When a working die is hubbed (impressed with the design), if the die shifts position between the first and second impression, every coin struck from that die will carry a permanent doubling in the affected design elements.

On 1987 DDO varieties, doubling appears most visibly in the date numerals, the letters of LIBERTY, IN GOD WE TRUST, and occasionally in Lincoln's eye or collar. CONECA lists designated varieties including WDDO-004 and CDDO-005 for this date. The key diagnostic is that the doubling must be raised and crisp — not the flat, shelf-like appearance of machine doubling, which has no collector premium.

Values depend entirely on the strength and location of the doubling. Minor varieties with weak doubling in secondary lettering command modest premiums of $25–$50. Stronger specimens where the date shows clear separation between doubled numerals can bring $100 or more in uncirculated Red condition. Attribution by CONECA or PCGS is recommended for any coin approaching three figures.

How to spot it

Inspect the date and LIBERTY lettering under a 10× loupe with raking side-light. True doubled die doubling appears as raised, separated lines on the inner or outer edges of letters and numerals. Machine doubling looks flat and shelf-like — that variety has no premium value.

Mint mark

Both Philadelphia (no mark) and Denver (D) issues show documented DDO varieties. WDDO-004 applies to Philadelphia; WDDO-001 and WDDO-002 to Denver dies.

Notable

CONECA designated varieties include WDDO-004 and CDDO-005. Values range from $25–$50 for minor doubling up to $100–$200+ for strongly doubled specimens in MS65+RD. Attribution is critical — buyers of high-dollar examples typically require PCGS or NGC certification confirming the variety designation.

🟢 Best Kept Secret $3 – $10

1987 BIE Die Crack

1987 penny BIE die crack — vertical raised line between B and E in LIBERTY

The BIE error is one of the most charming and approachable varieties in the entire Lincoln cent series. A small vertical crack develops in the die face in the narrow gap between the letters B and E in the word LIBERTY on the obverse. Because the crack fills with metal during each strike, it appears on the finished coin as a raised vertical line that perfectly mimics the letter I.

This die fatigue crack is exclusive to Lincoln cents and arises because the thin metal bridge between B and E is mechanically stressed with every strike — eventually propagating a fracture. Over 1,000 distinct BIE varieties have been catalogued across the Lincoln cent series, making 1987 examples one of hundreds of collectible dates. The crack progresses over the die's life, so early-die-state BIE coins show a fine hairline while late-die-state examples show a bold, thick crack.

For beginning error collectors, BIE pennies represent an excellent entry point — they are visually distinctive, easy to explain to non-collectors, affordable at $3–$10 each, and genuinely varied by die state. A progressive die-state set of BIE pennies from the same die (faint → moderate → bold crack) is a respected collecting theme among dedicated Lincoln cent specialists.

How to spot it

Look at the LIBERTY inscription on the obverse with naked eye or low magnification. Scan the gap between B and E for a raised vertical line that looks like an inserted letter I. The line is raised (not incuse) because it's a filled die crack, not a scratch or gouge on the coin's surface.

Mint mark

BIE varieties occur on both Philadelphia (no mark) and Denver (D) issues. The specific die producing a BIE crack may strike coins at either mint.

Notable

Over 1,000 documented BIE varieties exist across the Lincoln cent series. The 1987 BIE is relatively common and collectable at $3–$10. Advanced collectors seek progressive die-state sequences. Bold, late-die-state examples with thick, clear cracks are the most desirable and can push values slightly above the typical range.

🟠 Most Dramatic $10 – $100+

1987 Off-Center Strike

1987 penny off-center strike showing blank planchet crescent with date still visible

An off-center strike happens when the planchet slips out of proper alignment within the collar ring before the dies descend. Rather than striking the coin centered, the obverse and reverse dies impact only a portion of the blank — leaving a crescent of unstruck planchet visible on one side while the design appears crowded toward the other.

The degree of misalignment, expressed as a percentage, is the primary value driver. A 5%–15% off-center coin shows only a slight rim irregularity and minimal premium. The most desirable examples are struck 30%–50% off-center yet retain a complete, readable date — because collectors must be able to confirm the year. A complete date on a dramatically off-center 1987 penny is the key requirement for serious premiums.

Off-center strikes on zinc-core 1987 pennies require authentication because the thin copper plating can separate at the unstruck planchet edge, and post-mint alterations can simulate the look. Examples exceeding $100 should be submitted to PCGS or NGC for encapsulation, which confirms striking authenticity and protects the coin from handling damage.

How to spot it

The coin will show a visible blank crescent or arc on one side where no design was struck. The opposite side will show design elements crowded toward that edge. Check that the blank area is original planchet surface — not a cut, grind, or environmental damage to the coin's face after minting.

Mint mark

Both Philadelphia (no mark) and Denver (D) business strikes can show off-center errors. San Francisco proof coins are struck under controlled conditions making this error extremely rare for the S issue.

Notable

Values: 10%–20% off-center = $10–$20; 30%–50% off-center with full date = $50–$100. Coins 50%+ off-center with a complete date and mint mark are the most valuable. Authentication by PCGS or NGC is advised for any example claiming value over $50, given the prevalence of altered coins misrepresented as off-center strikes.

🟣 Most Surprising $20 – $150+

1987 Unplated / Zinc Planchet Error

1987 unplated zinc penny appearing silvery-gray beside a normal copper-colored 1987 penny

Since 1982, U.S. pennies have been struck on zinc planchets with a thin copper outer coating — the copper accounts for just 2.5% of the coin's weight. Occasionally, a planchet enters the striking chamber without its copper plating having properly adhered during the electroplating process. The resulting coin is struck in pure zinc and appears a uniform silvery-gray rather than the familiar copper-red.

The diagnostic challenge is distinguishing genuine mint-error unplated planchets from coins where the copper layer was chemically stripped after minting — a common school science experiment. The key authentication check is weight: an unplated 1987 penny should weigh approximately 2.5 grams (the same as a plated cent, because the zinc core and copper plating together equal 2.5g, and the missing copper is negligible). The surface texture should also show consistent, uniform zinc — not the rough, pitted appearance of acid-stripped coins. Sharp, well-defined design details are another indicator of a genuine mint error.

Partially unplated examples, where only a portion of the copper layer is missing, are more common than fully unplated specimens and typically bring lower premiums. A fully unplated 1987 penny with clean, sharp zinc surfaces and authenticated by a third-party grading service represents one of the most visually striking errors in the zinc-era Lincoln cent series — and can generate significant collector interest.

How to spot it

Authentic unplated zinc cents appear uniformly silvery-gray under light. Weigh the coin — it should be 2.5 grams. Inspect the surface with a loupe: genuine mint errors show crisp, sharp design details in smooth zinc. Acid-stripped coins show rough, pitted, or bubbled surfaces and often have slightly rounded design edges.

Mint mark

Both Philadelphia (no mark) and Denver (D) business strike planchets can enter the press unplated. The error occurs in the planchet preparation stage, not on the die.

Notable

A 1987 penny struck on an approximately 80% unplated planchet sold for $97 at Heritage Auctions in MS63 condition. Fully unplated high-grade examples are rarer and can approach $150 or more. Authentication by PCGS or NGC is essential — uncertified examples are frequently questioned due to the prevalence of chemically altered coins misrepresented as mint errors.

Found One of These Errors on Your Coin?

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1987 Lincoln Penny Mintage & Survival Data

Group of 1987 Lincoln Memorial cents in various grades illustrating the coin's high mintage and survival
Mint Mint Mark Type Mintage Est. Survival Rate Est. Survivors
Philadelphia None Business Strike 4,682,466,931 ~30% ~1.4 billion
Denver D Business Strike 4,879,389,514 ~30% ~1.46 billion
San Francisco S Proof Only 4,227,728 ~85% ~3.6 million
Total (All Mints) 9,566,084,173 ~2.86 billion

Composition note: 1987 pennies are struck on copper-plated zinc planchets — 97.5% zinc core with a 2.5% copper outer layer. Weight: 2.5 grams. Diameter: 19.05 mm. Thickness: 1.55 mm. Designer: Victor D. Brenner (obverse portrait of Lincoln); Frank Gasparro (reverse Lincoln Memorial). Edge: plain. This composition, adopted in 1982, replaced the solid 95% copper cent used in prior decades.

How to Grade Your 1987 Lincoln Penny

Grading strip showing 1987 Lincoln penny in four condition tiers: worn, circulated, about uncirculated, and gem uncirculated Red

Worn (G–VF)

Face Value

Lincoln's cheek, jaw, and hair are flat and smooth. Memorial building details merged. These circulated examples are worth spending.

Circulated (EF–AU)

$0.50–$2

Trace wear on Lincoln's cheekbone and hair above ear. Some luster survives in protected areas. Memorial steps mostly defined.

Uncirculated (MS60–65)

$0.10–$30

No wear anywhere. Full luster. May have bag marks or minor contact marks from mint handling. Color designation (RD/RB/BN) matters.

Gem Red (MS66–69+)

$25–$800+

Full Red luster, minimal contact marks, sharp strike. The MS68–69 RD grade is extremely rare and commands premium prices at auction.

Pro tip — Color designation matters enormously on zinc-era cents: A 1987 penny graded MS65 Red (RD) can be worth five times more than the same coin graded MS65 Brown (BN). The thin copper plating oxidizes easily, meaning coins that were not stored in archival-quality holders quickly lose their red luster and drop to RB or BN status. Never clean a 1987 penny — cleaning destroys luster and permanently impairs value. Submit high-grade Red examples to PCGS or NGC for encapsulation, which halts further toning.

🔎 CoinKnow can help you match your coin's surface against certified examples to narrow down a grade range — a coin identifier and value app.

Where to Sell Your Valuable 1987 Penny

The right venue depends on what you have. A common circulated 1987 penny belongs in your coin jar. A certified RPM FS-501 in MS67 belongs at a major auction house.

🏆 Heritage Auctions

The best venue for high-grade or error 1987 pennies worth $100 or more. Heritage reaches thousands of dedicated numismatic bidders and maintains transparent public auction records. The RPM FS-501's $1,800 record was set here. Submit through their consignment portal and include PCGS or NGC certification for best results.

📦 eBay

Excellent for mid-range coins ($10–$100) and error varieties with broad collector appeal. Browse recently sold 1987 Lincoln penny prices and completed listings to benchmark your asking price before listing. Use "Sold Items" filter on eBay itself to see real transaction prices, not just asking prices. Provide high-resolution photos from multiple angles.

🏪 Local Coin Shop

Convenient for quick sales but expect wholesale pricing — typically 50%–70% of retail value. Best suited for lots of uncirculated 1987 pennies or minor errors where auction fees would eat into any premium. A local dealer can also give you a free opinion on whether a coin is worth submitting for grading.

💬 Reddit (r/coins4sale)

Good peer-to-peer market for coins valued $10–$50. The Lincoln cent collecting community is active and knowledgeable. Post clear, well-lit photos and provide weight. Buyers here are sophisticated and will ask for certification on anything unusual — have your attribution ready.

Get it graded first: Any 1987 penny you believe is an RPM FS-501, a strong DDO, or a high-grade MS67+ Red should be submitted to PCGS (pcgs.com) or NGC before selling. Certification adds buyer confidence, enables auction house consignment, and typically adds more to the sale price than the grading fee costs. Never submit a cleaned coin — the cleaning note permanently reduces value.

Frequently Asked Questions — 1987 Penny Value

How much is a 1987 penny worth?
Most circulated 1987 pennies are worth face value — about 1 cent. Uncirculated examples without errors typically fetch $0.10–$0.50. High-grade Red specimens graded MS67 or above can bring $25–$175, and the finest MS68 RD examples have sold for several hundred dollars. Error coins and top-grade pieces can be worth significantly more, up to $1,800 for the 1987-D/D RPM FS-501 in MS67RD.
What is the most valuable 1987 penny?
The most valuable business-strike 1987 penny error is the 1987-D/D Repunched Mint Mark FS-501, which sold for $1,800 in MS67RD at Heritage Auctions in August 2021 per PCGS CoinFacts. Among proof coins, a 1987-S PR70DCAM sold for $2,070 at Heritage Auctions in 2004. High-grade circulation strikes in MS69RD have also fetched impressive premiums at major auction houses.
What is the 1987-D/D RPM FS-501 penny?
The 1987-D/D RPM FS-501 is a Repunched Mint Mark variety where the 'D' mint mark was hand-punched into the die twice, with the second impression shifted noticeably to the north of the first. This created a visible 'shadow' effect beneath and around the primary D. It is listed in the CONECA registry and on PCGS CoinFacts as a recognized variety. Only a handful of examples have been certified, making it the crown jewel of 1987 Lincoln cents.
Does a 1987 penny have any silver in it?
No — 1987 pennies contain no silver. They are made of 97.5% zinc with a thin 2.5% copper outer plating. A silver-looking 1987 penny is most likely one where the copper plating has been chemically stripped (a common school science experiment) or, rarely, a genuine unplated zinc planchet error where the copper coating never adhered. Authenticated unplated examples can be worth $50–$150 or more, but the coin must weigh the normal 2.5 grams and show uniform zinc texture.
How many 1987 pennies were minted?
The total 1987 Lincoln cent mintage across all three mints was approximately 9.57 billion coins. Philadelphia struck 4,682,466,931 (no mint mark), Denver struck 4,879,389,514 (D mint mark), and San Francisco struck 4,227,728 proof-only coins (S mint mark). The combined Philadelphia and Denver figure makes 1987 one of the highest-production years in U.S. cent history, which is why circulated examples remain common and inexpensive.
What does the RD, RB, and BN designation mean on a 1987 penny?
These are color designations assigned by PCGS and NGC. RD (Red) means the coin retains at least 95% of its original copper luster — the most desirable and valuable category. RB (Red-Brown) means 5%–95% red color remains. BN (Brown) means the copper has largely oxidized. A 1987 penny graded MS65 RD can be worth five times more than the same coin in MS65 BN, so color designation matters enormously for value.
Is a 1987 penny with no mint mark rare?
No — a 1987 penny with no mint mark is perfectly normal. Philadelphia Mint coins have carried no mint mark for most of U.S. history. Over 4.68 billion 1987 pennies were struck at Philadelphia, making the no-mint-mark issue extremely common. The absence of a letter below the date is not an error and does not add value. Only confirmed die varieties or striking errors create premium value on Philadelphia cents.
What is a BIE penny and is my 1987 penny one?
A BIE penny has a small vertical die crack between the letters B and E in the word LIBERTY on the obverse, making the gap look like the letter I has been inserted. This die-fatigue crack is exclusive to Lincoln cents and occurs in the thin metal between those two letters. Over 1,000 BIE varieties have been catalogued across the Lincoln series. A 1987 BIE penny is typically worth $3–$10 in circulated condition, making them affordable and fun to collect.
How can I tell if my 1987 penny is uncirculated?
An uncirculated 1987 penny should show no signs of wear on Lincoln's cheekbone, jawline, hair above the ear, or shoulder. The reverse should show crisp Memorial steps and a sharp ONE CENT inscription. Most importantly, uncirculated coins retain their original mint luster — a cartwheel-like sheen visible when you tilt the coin under a light. Any flattening of the high points, dullness, or smoothed surfaces indicates circulation wear and reduces the grade significantly.
Where is the best place to sell a valuable 1987 penny?
For high-grade or error 1987 pennies worth more than $50, Heritage Auctions is the best venue because it reaches serious numismatic buyers and provides transparent auction records. For coins worth $10–$50, eBay's completed sales market offers broad reach and competitive prices. Have any coin worth over $100 authenticated by PCGS or NGC first — a certified grade dramatically increases buyer confidence and final sale price. Local coin shops offer convenience but typically pay wholesale prices.

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