In 2017, something unexpected happened in the world of coin collecting. The United States Mint quietly released a special version of the Lincoln Shield Cent, marking the first time in history that the Philadelphia Mint added a “P” mintmark to the one-cent coin. This unique release, which coincided with the 225th anniversary of the U.S. Mint, caught many collectors by surprise. In this article, we’ll explore the story behind the 2017-P Lincoln Shield Cent, its design, and why it’s still popular among collectors today.
The Significance of the 2017-P Lincoln Shield Cent
The 2017-P Lincoln Shield Cent is special because it was the first and only time the Philadelphia Mint used the “P” mintmark on a penny. Before this, pennies minted in Philadelphia had no mintmark at all. The release was done without any big announcement, and many collectors were confused when they started finding these coins in their change. Some even thought they were fake! However, the U.S. Mint soon confirmed that the coins were genuine and were made to celebrate the Mint’s 225th anniversary.
The Production of the 2017-P Cent
More than 4 billion 2017-P Lincoln Shield Cents were produced, which is a large number even for modern pennies. But early in the year, the Mint produced fewer of these coins than expected, making them harder to find at first. By April 2017, the Philadelphia Mint had made 100 million fewer pennies than usual, leading some collectors to believe the coins would be rare. In the end, enough were made to satisfy demand, but their short-term rarity still made them fun to hunt for in circulation.
2017-P Lincoln Cent Market Data
As of mid-2024, the value of the 2017-P Lincoln Shield Cent varies depending on its condition. For coins graded MS67+RD (Mint State 67+ Red), recent auctions have seen sales between $30 to $40. For higher-quality coins graded MS68RD, experts estimate these could sell for around $250. Meanwhile, MS66RD graded coins, which are more common, usually sell for about $5, and raw (uncertified) specimens go for $1 to $2.
2017-P Lincoln Shield Cent Design
Obverse (Front)
The obverse of the coin features a portrait of Abraham Lincoln, facing right. Above his head is the motto “IN GOD WE TRUST”. To the left is the word “LIBERTY,” and to the right is the date “2017” along with the “P” mintmark, which represents the Philadelphia Mint.
Reverse (Back)
The reverse of the coin showcases a Union shield, symbolizing the protection and strength of the United States. The shield has 13 vertical stripes, representing the original 13 colonies, united by a horizontal bar at the top. The words “E PLURIBUS UNUM” (meaning “Out of Many, One”) are written in the bar, emphasizing the unity of the states. Below the shield, a large banner displays the denomination “ONE CENT”.
Coin Specifications
- Country: United States of America
- Year of Issue: 2017
- Denomination: One Cent (USD)
- Mintmark: P (Philadelphia)
- Mintage: 4,361,220,000
- Alloy: .975 zinc, .025 copper
- Weight: 2.5 g
- Diameter: 19.0 mm
- Edge: Plain
The 2017-P Lincoln Shield Cent is a special piece of American history, marking the first time a “P” mintmark appeared on a penny. While billions were made, the coin still holds value for collectors, especially those in high-grade condition. Whether you are new to coin collecting or a seasoned numismatist, this penny is an interesting and affordable addition to any collection. As with any rare coin, it’s important to have your 2017-P cent authenticated to ensure its value and protect your investment.
