The 1979-S Type 2 Lincoln Penny is worth anywhere from $5 in standard proof condition to over $1,000 for high-grade specimens. If you have recently found a shiny 1979 penny with an “S” mint mark, you might be holding a coin that collectors are actively hunting for in the current market.
Understanding the Difference Between Type 1 and Type 2 Varieties
When looking at 1979-S pennies, the most important thing to identify is the “S” mint mark. During this year, the San Francisco Mint used two different punches for the mint mark. The Type 1, also known as the “Filled S,” features a mint mark that looks somewhat blob-like and less defined. In contrast, the Type 2 (Clear S) is much rarer and more desirable. It features a sharp, well-defined letter “S” with clear bulbs at the ends.
If you are unsure which version you have, you can use the best coin identifier app to get a quick visual confirmation. Identifying these nuances is key because the Type 2 variety carries a significant premium. While millions of 1979 pennies were struck for general circulation in Philadelphia and Denver, the “S” mint marks were only produced as part of Proof Sets intended for collectors.
Determining the grade of your coin is the next step in establishing value. Many casual collectors use CoinHix to compare their coins against high-resolution images of certified grades. Because these coins were never meant to spend time in a cash register, they should still retain their brilliant, mirror-like finish. Any scratches, fingerprints, or dullness will lower the price, but a pristine Deep Cameo (DCAM) specimen can be a true treasure.
The Current Market Value of 1979 S Type 2 Pennies
The value of these coins is driven by their condition and the clarity of the mint mark. Most “S” pennies found in old collections or proof sets will fall into the mid-range value. However, the top-tier examples—those graded PR69 or PR70—can fetch hundreds or even thousands of dollars at auction. The demand for “Perfect 70” coins is always high among registry set collectors who want the best of the best.
To give you a better idea of what your coin might be worth, you can check the specific 1979 Type 2 penny auction records to see what buyers are currently paying. Keep in mind that professional grading by services like PCGS or NGC is usually required to reach the highest price points.
| Condition / Grade | Estimated Market Value |
|---|---|
| Type 1 (Filled S) PR65 | $3.00 – $5.00 |
| Type 2 (Clear S) PR65 | $10.00 – $15.00 |
| Type 2 (Clear S) PR69 DCAM | $40.00 – $70.00 |
| Type 2 (Clear S) PR70 DCAM | $1,000.00+ |
How to Identify a Clear S Mint Mark at Home
Identifying the Clear S requires a bit of patience and a good magnifying glass. On the Type 2 variety, the loops of the “S” are clearly separated from the center diagonal stroke. The fields (the flat background) around the letter should be smooth. If the mint mark looks like a solid lump of copper with no holes in the loops, it is likely the more common Type 1 variety.
Many people find it helpful to use a digital microscope or a high-quality smartphone camera. If you are using CoinHix, you can take a close-up photo to see if the “S” matches the known Type 2 dies. This distinction is the primary factor in determining the 1979 penny value and rarity in today’s numismatic market.
Don’t be discouraged if your coin is a Type 1; they are still beautiful pieces of history. However, if you do spot that clear, crisp “S,” you should handle the coin only by its edges. Oils from your skin can cause “milk spots” or cloudy patches on the mirror-like surface of a proof coin, which will drastically reduce its potential resale price.
Why the 1979 S Cent is Popular With Collectors
The late 1970s was a period of transition for the U.S. Mint, and the 1979-S Type 2 Lincoln Penny represents a specific technical change in how mint marks were applied. Collectors enjoy these “transition” coins because they tell a story of the mint’s internal processes. Because the Type 2 punch was introduced late in the year, fewer of them were made compared to the Type 1.
For everyday Americans, finding one of these in an old drawer or a parent’s coin collection can be an exciting introduction to the world of coin collecting. It’s a low-risk way to start learning about coin varieties. You can use tools like CoinHix to track your finds and see how their value fluctuates over time as the market for copper cents continues to grow.
Even though these coins are over 40 years old, their copper-red brilliance is often as bright as the day they were struck. This visual appeal, combined with the “treasure hunt” aspect of the Type 2 mint mark, ensures that the 1979-S penny will remain a staple in the hobby for years to come.
Frequently Asked Questions
Q: Can I find a 1979-S Type 2 penny in my pocket change?
A: It is extremely unlikely. “S” mint mark pennies from 1979 were only issued in Proof Sets for collectors. If one is found in circulation, it is usually because someone broke open a set, and the coin will likely be too damaged to hold high value.
Q: What does “Deep Cameo” mean for a 1979 penny?
A: Deep Cameo (DCAM) refers to a strong contrast between the frosted appearance of Abraham Lincoln’s portrait and the mirror-like finish of the background field. This contrast is highly prized by collectors.
Q: Is it worth getting a 1979-S Type 2 penny professionally graded?
A: Only if the coin appears to be in perfect condition. Since grading fees can cost $30-$50 per coin, it is only financially worth it if you believe the coin will grade PR69 or PR70, where the value jump justifies the expense.
