1997 Close Am Penny
What You Need to Know About a 1997 Close AM Penny
Whenever you are buying or selling a 1997 close am penny, there are a few things that you need to know about the coin. It’s a coin that is very common and it’s also very valuable. However, it’s important to understand that there are certain things you need to know about it to get the best price. This article will cover some of those things.
Wide AM vs. Close AM
Compared to Wide AM, Close AM has a closer distance between the initials of AMERICA and M. In addition, Close AM pennies have a smaller space between the letters.
Despite their differences, both Wide AM and Close AM pennies are considered error coins. Both pennies were minted around the 1990s, and both are rare. But the Wide AM is the more valuable.
The Wide AM reverse is found on some Proof and business strikes. These pennies are more valuable than the Close AM. The Close AM is the design of two letters that touch, but it should have enough space to allow a piece of paper to slide between them.
The Close AM reverse is found on Proof coins from 1998 to 2008. The Wide AM reverse is found on Proofs from 1994 to 2008. Both designs are similar, but the Wide AM reverse is not as common. The Wide AM reverse is a proof strike, and the Close AM reverse is a business strike.
Chances of finding error pennies are extremely slim
Getting your hands on a 1997 close AM penny is a rite of passage for some, but the chances of you getting one are slim to none. Even so, they are still worth a buck or two if you’re lucky. The main reason for this is the minting process, which can vary from mint to mint. The copper content of 1997 close AM pennies was a mere 0.8%. That makes them the least expensive of the bunch. They also have the cheapest mintage of all the coin designs minted in the last ten years. The odds are in your favor if you’re lucky enough to score a mint condition example.
It’s also a good idea to have a few coins lying around. The last time I did this, I ended up with four of the finest minted examples in my collection. I’d wager that a mint condition example could fetch a hefty price tag on the flipside.
Value of a 1997-S proof penny
Several factors determine the value of a 1997-S proof close am penny. One of the most important is the coin’s condition. A coin that is in perfect condition may be worth hundreds of dollars, while a coin with blemishes may only be worth a few dollars.
The most common 1997-S pennies are worth a few dollars each. However, there are some pennies that are worth a lot more than the face value. Some of these pennies are worth thousands of dollars. These pennies are not all perfect, but they all have a mint mark on the obverse.
Some of these pennies have a unique composition, which may increase the value. These pennies have a higher copper content than others. In addition, some of these pennies have doubled dies. This is a rare condition that can greatly increase the value of the coin.
If you have a mint mark, the coin is worth $0.30 in uncirculated condition. If you don’t have a mint mark, the coin is still worth $10 to $30.
Value of a 1997-D penny
Generally speaking, the value of a 1997-D close am penny is higher than that of other pennies. This is due to the coin’s unique composition. The coin’s metal composition was altered by the US government in 1940, causing it to be composed of lower copper. This change affected the coin’s melting value.
The value of a 1997-D close am pennies in uncirculated condition ranges from 10 to 30 cents. The penny’s grade is also important in determining its value. An MS 65 penny in uncirculated condition is worth $0.30.
However, these coins are rare. Approximately 5% of the pennies minted in 1997 were uncirculated.
These pennies are also worth more than the face value. These coins are typically worth $3 to $5 each. However, some examples are worth thousands of dollars.
If you have a 1997-D close am penny, you might want to consider getting it graded by a coin grader. There are many online graders that you can use.