For coin collectors, the 1909 S Over Horizontal S penny is one of the most famous and valuable error coins in U.S. history. This coin features a rare minting mistake where one “S” mint mark was stamped over another in a horizontal position. This mistake makes the penny highly sought after by collectors. In this article, we’ll explore what the 1909 S Over Horizontal S penny is, why it’s valuable, and how to identify it.
What Is the 1909 S Over Horizontal S Penny?
The 1909 S Over Horizontal S penny is a rare variation of the 1909 Lincoln cent. The error happened at the San Francisco Mint when two “S” mint marks were struck on the coin. Normally, the “S” mint mark is placed vertically beneath the date on the back of the coin to show it was made in San Francisco. However, in this error, a second “S” mint mark was stamped horizontally across the first one. This creates a unique and highly collectible coin.
Why Is the 1909 S Over Horizontal S Penny Valuable?
The primary reason for the 1909 S Over Horizontal S penny’s value is its rarity. Only a few of these coins were ever made due to the minting error. The horizontal mint mark, which occurred by accident, makes this penny stand out from all other Lincoln cents.
Several factors affect the value of this coin:
- Rarity: Because of the minting mistake, only a small number of 1909 S Over Horizontal S pennies were produced, making it rare.
- Condition: As with most coins, the value increases if the coin is in good condition. Coins that show less wear and tear are worth more.
- Demand: Coin collectors highly desire rare coins, and this one is no exception.
How Much Is the 1909 S Over Horizontal S Penny Worth?
The value of the 1909 S Over Horizontal S penny varies based on its condition. Below is a table that shows the approximate value of the coin depending on its grade:
| Condition | Approximate Value |
|---|---|
| Low-Grade (Worn) | $2,000 – $5,000 |
| Mid-Grade (Good Condition) | $50,000 – $100,000 |
| High-Grade (Excellent Condition) | $1,000,000 or more |
As you can see, the coin’s value increases significantly based on its condition. A high-grade example could be worth over $1 million.
How to Spot a 1909 S Over Horizontal S Penny
Identifying the 1909 S Over Horizontal S penny can be tricky, but there are some key features to look for:
- Look at the Mint Mark: The most important feature of this coin is the mint mark on the reverse side of the coin. You should see two “S” mint marks: one in the usual vertical position, and the second one positioned horizontally over the first “S.”
- Check the Date: Make sure the penny is from 1909, as this is the only year the error occurred.
- Examine the Coin’s Condition: The more worn out the coin is, the less valuable it becomes. Make sure the penny is in good condition to get a higher value.
Where to Buy and Sell the 1909 S Over Horizontal S Penny
If you’re looking to buy or sell a 1909 S Over Horizontal S penny, there are a few options:
- Online Auctions: Websites like eBay and Heritage Auctions often feature rare coins for sale.
- Coin Dealers: Many coin dealers buy and sell rare coins. You can find dealers both online and in person at coin shows or conventions.
- Authentication: Always have the coin authenticated and graded by a professional service to ensure it’s genuine and to know its exact value.
Conclusion
The 1909 S Over Horizontal S penny is one of the most sought-after error coins due to its rarity and unique minting mistake. If you are lucky enough to find one, it could be worth thousands or even millions of dollars depending on its condition. Whether you’re a seasoned coin collector or just starting, discovering this rare coin could be an incredible addition to your collection.
FAQ’s
Why is the 1909 S Over Horizontal S penny so valuable?
This penny is valuable because it was struck with two “S” mint marks, one of which was placed horizontally across the first. This minting error makes the coin rare and highly collectible.
How much is a 1909 S Over Horizontal S penny worth?
The value depends on its condition. Coins in low-grade condition can be worth between $2,000 and $5,000, while high-grade examples can be worth $1 million or more.
How can I identify a 1909 S Over Horizontal S penny?
Look for two “S” mint marks on the reverse of the coin, one placed vertically and the other horizontally across it. The presence of both marks means it’s the rare 1909 S Over Horizontal S penny.