The seemingly insignificant difference between a small and large date on a 1970s penny can significantly impact its value to collectors. While most 1970s pennies are common and worth only their face value, certain varieties, particularly those with specific mint marks and date characteristics, can be quite valuable. This guide will delve into the distinctions between small and large date 1970s pennies, explaining what makes them different and how to identify them.
What's the Difference Between Small and Large Dates on 1970s Pennies?
The difference lies in the size of the numerals used to stamp the year "1970" on the coin. The "7" in particular is the key differentiating feature. Small date pennies have a noticeably smaller "7," often appearing cramped or slightly pinched compared to the large date variety. This subtle variation is the result of die variations during the minting process. While not always readily apparent to the untrained eye, the difference is consistent and measurable, allowing experienced numismatists to readily distinguish between the two.
How Can I Tell the Difference Between a Small and Large Date 1970 Penny?
Visual inspection is the primary method. Place the penny next to another known large date 1970 penny for comparison. A magnifying glass or loupe will significantly aid in this process. Focus on the size and proportions of the "7" relative to the other digits in the year. The small date "7" often appears thinner and less broadly formed than its larger counterpart. High-resolution images comparing both types are readily available online, offering a useful reference for comparison.
Are Small Date 1970 Pennies More Valuable?
Generally, yes. Due to their lower mintage compared to large date pennies, small date 1970s pennies command a premium in the numismatic market. The precise value depends on the coin's condition (graded according to the Sheldon scale), mint mark (Philadelphia, Denver, or San Francisco), and overall preservation. While a circulated small date penny might only be worth a few dollars more than its face value, uncirculated specimens in excellent condition can be worth significantly more.
What About Other Years in the 1970s? Do They Have Date Variations Too?
While the 1970 small date/large date distinction is the most prominent and widely discussed, other years within the 1970s may also possess subtle die variations impacting their value. However, the differences are generally less pronounced than those observed in the 1970 pennies.
Where Can I Find More Information on Grading and Pricing 1970s Pennies?
Several reputable online resources and numismatic publications provide detailed information on grading and pricing coins. Websites specializing in coin collecting often include price guides and resources to help you determine the value of your pennies. Consulting experienced coin dealers or joining local coin clubs is also beneficial for learning more about coin grading and valuation.
How Rare are Small Date 1970 Pennies?
The rarity of small date 1970 pennies varies depending on the mint mark. While not exceptionally rare, they are less common than their large date counterparts. This reduced frequency contributes to their higher value among collectors.
I Found a Penny I Think Might Be a Small Date 1970. What Should I Do?
Carefully examine the coin using a magnifying glass and compare it to reference images online. If you're still unsure, consider consulting with a professional numismatist or coin dealer for an expert assessment. Handle the coin gently to avoid further damage. Proper handling and storage are crucial for preserving the coin's value.
This guide provides a foundational understanding of the differences between small and large date 1970s pennies. Remember to always handle your coins with care and consult reputable resources for accurate valuation and information. Happy hunting!
