1973 S Penny

A part of the U.S Mint’s long-standing tradition, the 1973 ‘S’ penny carries notable historical and numismatic significance. Coin collectors and history enthusiasts pay close attention to this particular minting year. The ‘S’ mint mark indicates that the coin was minted in San Francisco. Understanding the unique characteristics and the context within which these pennies were produced can add to the appreciation of their value.

History and Background

The 1973 S penny belongs to the Lincoln cent series. This series started in 1909 to commemorate Abraham Lincoln’s 100th birthday. San Francisco’s Mint has a storied history itself, operational since 1854. During the early 1970s, the U.S. Mint underwent various modifications in processes and materials, impacting coin production. These shifts often make coins from this era particularly intriguing due to slight variations in appearance and composition.

Lincoln cents from the San Francisco Mint between 1968 and 1974 bear the ‘S’ mint mark. This series is cherished for its historical and aesthetic value. The 1973 issue does not have any inherent errors or extraordinary pricing surges directly attributed to it, making it a solid yet unremarkable year from a standpoint of minting irregularities.

Design and Composition

The design of the 1973 S penny features the profile of Abraham Lincoln on the obverse, crafted by Victor David Brenner. This design is a staple of early 20th-century American coinage. The reverse side of the penny showcases the Lincoln Memorial, an iconic symbol representing Lincoln’s dedication to national unity. This reverse design was introduced in 1959 to replace the earlier wheat ears motif.

1962 to 1982 pennies, including the 1973 S, are composed primarily of copper. The coin is 95% copper and 5% zinc. This composition creates the familiar reddish-brown color. The thickness and weight are consistent with other pennies from this period, with each coin weighing about 3.11 grams and having a diameter of 19.05 mm.

Mintages and Distribution

The production figures for the 1973 S penny are substantial but not extraordinary. The San Francisco Mint produced approximately 319,937,634 pennies that year. Though this seems like a massive number, the coin is relatively abundant for collectors. Coins from this minting year are common finds in circulated condition.

Proof versions of the 1973 S penny were produced exclusively at the San Francisco Mint. These proof coins, struck with specially prepared dies, were not intended for general circulation and were instead sold to collectors. Proof coins are usually more polished and bear a mirror-like finish, providing a sharper contrast between design elements and background. Proof sets containing the 1973 S penny can still be found today, often selling for higher prices than their circulated counterparts.

Grading and Value

Grading a coin involves assessing its condition, which directly impacts its value. The Sheldon Scale is the standard grading system, ranging from Poor (P-1) to Perfect Mint State (MS-70). Most 1973 S pennies in circulation are found in lower uncirculated grades due to the high number produced. Uncirculated coins often grade around MS-60 to MS-65.

In circulated condition, 1973 S pennies do not command high prices. The coin’s value might fluctuate slightly based on the current market price of copper. A well-preserved uncirculated 1973 S penny can fetch a few dollars. Proof versions, depending on their condition and demand, are typically valued higher. Proof pennies in pristine condition can sell for significantly more, appealing mainly to collectors focused on assembling complete proof sets.

Collecting Tips

• Condition is Key: When collecting coins, the better the condition, the higher the potential value. Try to find 1973 S pennies with little wear and sharp details.
• Look for Proof Sets: Proof sets offer a fantastic way to obtain high-quality examples of these coins. The 1973 proof set includes the penny, nickel, dime, quarter, and half-dollar, each with the ‘S’ mint mark.
• Storage Matters: Proper storage of your coins can prevent damage and preserve their value. Store them in a cool, dry place and avoid excessive handling.
• Research is Important: Stay knowledgeable about market trends and grading standards. This will help you make informed decisions when buying or selling.

The 1973 S penny is a fascinating piece of recent history. As with any coin, its story is more than just its metallic composition. The coin reflects a moment in time, a snapshot of the U.S. Mint’s operations in the early 1970s. Each penny carries the legacy of Abraham Lincoln, honoring his memory in everyday transactions and special collections alike.