1989-S Lincoln Penny Value Guide How Much Is Your San Francisco Mint Penny Worth
The 1989-S Lincoln Penny is worth anywhere from $3 in average condition to over $10 for proof specimens in pristine condition — and certain top-grade examples have sold for significantly more at auction. If you found one of these coins in your collection or inherited a proof set, you’re in the right place to find out exactly what it’s worth.
If you’re not sure whether your coin is a 1989-S or another mint mark variety, a free coin identifier app can help you quickly identify the mint mark, condition, and approximate value right from your smartphone. Tools like CoinKnow make this process incredibly simple, even if you’ve never collected coins before. Just snap a photo and let the app do the heavy lifting.
What Makes the 1989-S Lincoln Penny Special
The “S” mint mark on a Lincoln penny tells you it was struck at the San Francisco Mint. In 1989, the San Francisco Mint didn’t produce 1989-S pennies for general circulation — instead, these coins were made exclusively as proof coins and included in special collector proof sets sold by the United States Mint.
That means if you have a 1989-S penny, you likely have a proof coin. Proof coins are struck using specially polished dies and planchets, resulting in sharp details and a mirror-like finish. They’re intended for collectors, not everyday spending. That exclusivity is exactly what gives the 1989-S Lincoln Penny its collector appeal and value above face value.
The Lincoln Memorial design on the reverse was used from 1959 through 2008, so the 1989-S fits comfortably in that classic era. The obverse features the iconic portrait of Abraham Lincoln designed by Victor David Brenner, a design that has graced the cent since 1909.
1989-S Lincoln Penny Value by Grade and Condition
Since the 1989-S was only issued as a proof coin, grading focuses on the proof scale. Coins are evaluated by professional grading services like PCGS or NGC on a scale from PR-60 to a perfect PR-70. The higher the grade, the more the coin is worth. Here’s a general breakdown of 1989-S Lincoln Penny price data by grade:
| Grade | Description | Estimated Value |
|---|---|---|
| PR-60 to PR-63 | Proof with visible marks or haze | $2 – $4 |
| PR-65 | Gem proof, minor imperfections | $5 – $7 |
| PR-67 | Superb gem, nearly flawless | $8 – $12 |
| PR-69 to PR-70 | Near perfect or perfect proof | $15 – $50+ |
Keep in mind that these are general market estimates. Actual prices can vary based on recent auction results and collector demand.
Deep Cameo Varieties and Why They Matter
One of the most exciting things about proof Lincoln pennies from 1989 is the existence of Deep Cameo (DCAM) varieties. A Deep Cameo coin has a stark, frosted contrast between the raised design elements and the mirror-like fields. This creates a stunning visual effect that collectors absolutely love.
A 1989-S Lincoln Penny graded PR-67 DCAM or PR-68 DCAM can fetch significantly more than a standard proof of the same grade. For a detailed look at how the 1989 penny’s value changes across varieties and conditions, it’s worth checking current market data regularly, since prices can shift as collector interest evolves.
If you think your coin might be a Deep Cameo, look for that sharp contrast between frosted design elements and brilliant mirror fields. A loupe or magnifying glass helps. Better yet, apps like CoinKnow let you photograph the coin and get an instant visual assessment — making it a great first step before committing to a professional grading service.
How to Sell Your 1989-S Lincoln Penny
If you’ve confirmed you have a 1989-S proof penny and you’re ready to sell, you have several good options. Online platforms like eBay allow you to reach a wide audience of collectors. Coin shows and local coin dealers are great for getting a quick in-person appraisal. For higher-grade specimens — especially those graded PR-67 or above — professional auction houses can sometimes yield the best returns.
Before selling, it’s smart to do your homework. Compare recent sold listings online. If your coin is in a proof set box, keep it that way — complete original sets often command a small premium over loose coins. And if you’re unsure about any of this, CoinKnow gives you a solid starting point to understand what your coin might be worth before walking into any negotiation.
Frequently Asked Questions
Q: How do I know if my penny is a 1989-S proof coin?
A: Look on the obverse (heads side) of the coin just below Lincoln’s portrait. If you see a small “S” mint mark, it was struck at the San Francisco Mint and is almost certainly a proof coin. Proof coins also have a noticeably shinier, mirror-like surface compared to regular circulation pennies.
Q: Is the 1989-S Lincoln Penny rare?
A: The 1989-S proof penny was produced in relatively large quantities — over three million were struck. That means it’s not rare in the traditional sense, but high-grade examples and Deep Cameo specimens are harder to find and more valuable to collectors.
Q: Should I clean my 1989-S Lincoln Penny to make it look better?
A: Absolutely not. Cleaning a coin — even gently — can cause microscopic scratches that permanently reduce its grade and value. Collectors and grading services can always tell when a coin has been cleaned, and a cleaned proof penny will receive a lower grade or even a “details” designation, which significantly reduces its market value.
