Premium Error Varieties and Their Values
Top-Tier Error Examples
The highest-value 2023 penny errors have consistently commanded strong prices in the market. The current record holder is a 2023 Lincoln Cent Extra V NGC MS65 RD VDB-V Error, which achieved an impressive $152.50 sale price. This professionally graded specimen represents the pinnacle of what collectors seek in these error coins.
Other notable high-value examples include:
- 2023 Extra V Lincoln Cent 3 Pack UNC RD High Grade – Sold for $139.99
- 2023 Lincoln Shield Cent Extra V In Wrong Place Error – Realized $200.00
- 2023 Lincoln Cent VDB “Extra V” Variety MS 64 ANACS – Achieved $100.00
Comprehensive Analysis of Error Types
1. The “Extra V” Error Variety
The Extra V error has become the most sought-after variety in the 2023 penny series. These errors show fascinating price variations based on several factors:
- NGC/PCGS Certified MS65 or Higher: $150-200+
- ANACS/ICG Certified MS60-64: $100-150
- Uncertified but High Grade: $75-100
- Choice Uncirculated: $50-75
- Average Uncirculated: $30-50
- Circulated Examples: $20-30
2. Die Variety Errors
Several significant die variety errors have been documented in 2023:
- Double Die Obverse (DDO): Examples showing strong doubling in “IN GOD WE TRUST” can command $40-50
- Double Die Reverse (DDR): DDO/DDR combinations typically sell for $10-40 depending on strength
- Die Clash Errors: Notable die clash examples range from $20-30
3. Strike-Related Errors
Strike-through and related production errors show significant value variation:
- Major Strike Through: Dramatic examples can reach $30-40
- Grease Strike Through: Clear grease strikes typically sell for $5-15
- Die Cracks: Significant die cracks range from $20-30
Grading and Authentication Considerations
| Factor | Impact on Value | Price Premium |
|---|---|---|
| Professional Certification (NGC/PCGS) | Major Positive | 100-200% |
| Red Color (RD) | Significant | 30-50% |
| Error Prominence | Moderate to Major | 20-100% |
| Strike Quality | Moderate | 10-30% |
Market Analysis and Investment Potential
Current Market Trends
The market for 2023 penny errors shows several distinct patterns:
- Premium Segment: Certified MS65+ Extra V errors consistently command $150+ and show steady appreciation
- Mid-Range Market: Uncertified but choice Extra V examples maintain strong $50-100 price points
- Entry Level: Minor errors and varieties provide accessible entry points at $5-20
Investment Considerations
For collectors considering investment potential, several options present themselves:
- Certified Extra V Varieties: The NGC MS65 RD specimens show the strongest potential for appreciation
- Multiple-Coin Lots: High-grade sets offer value through diversification
- Die Variety Combinations: Coins showing multiple error features can command significant premiums
Collection Strategy and Recommendations
For collectors building a 2023 penny error collection, consider the following strategies:
- Focus on acquiring at least one certified Extra V example as a cornerstone piece
- Build a diverse portfolio including different error types
- Document the provenance and certification details of significant purchases
- Consider multiple examples of major varieties to capture different stages or strengths
Future Market Outlook
The market for 2023 penny errors appears poised for continued strength, particularly in:
- Certified high-grade examples of major varieties
- Multiple-error combinations
- Complete sets of progressive error stages
Additional Resources and References
Notable examples for reference:
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