Only 484,000 were struck at San Francisco — and a public outcry over the designer's initials cut that run short. The 1909-S VDB is the most famous key date in Lincoln cent history.

Lincoln Cent Value Guide

The 1909-S VDB Lincoln cent is the keystone of Lincoln cent collecting — the coin that every serious collector pursues, the one that anchors the value of complete sets, and the date that most frequently appears on lists of the most desirable U.S. coins at any price level. With only 484,000 struck at the San Francisco Mint before production was halted by a public controversy over the designer's initials, genuine examples are scarce at every grade level and command strong premiums even in heavily worn condition. See our Coin Price Guide for values across other series, or try the What's My Coin Worth tool to identify a coin you're not sure about.

Building your Lincoln cent collection? See our full Penny Error Coins guide for error varieties across the series, and our posts on the 1955 DDO, 1972 DDO, 1969-S DDO.

1909-S VDB Lincoln Cent Values by Grade

Values below are drawn from PCGS Price Guide data (updated today) for grades with direct pricing, with intermediate grades estimated by interpolation between the nearest verified data points.

AG-3
$650 – $750
About Good — date & VDB visible
G-4
$875
Good — full outline
VG-8
$950 – $1,050
Very Good
F-12
$1,100
Fine — details clear
VF-20
$1,250 – $1,350
Very Fine
EF-40
$1,450
Extremely Fine
AU-55
$1,800 – $2,000
About Uncirculated
MS-63 RB
$2,850 – $2,950
Choice Uncirculated
MS-65 RD
$8,000 – $9,250
Gem Red — exceptional

Top-end examples go well beyond this range: PCGS values MS-67 RD at roughly $140,000, and the current auction record for the date is $168,000 for a PCGS MS67RD example sold by Stack's Bowers in April 2022.

What Does VDB Mean?

VDB stands for Victor David Brenner — the sculptor who designed the Lincoln cent at President Theodore Roosevelt's request. Brenner, a Lithuanian-born engraver who had previously created a medal featuring Lincoln's portrait, placed his initials V.D.B. on the reverse of the coin in small letters at the bottom between the two wheat stalks.

When the coin was released on August 2, 1909 — the centennial of Lincoln's birth — the initials immediately generated public controversy. Critics felt Brenner's self-promotion was inappropriate on a circulating coin, and the outcry was significant enough that the U.S. Mint halted production and removed the initials from the dies before resuming strikes. Production at San Francisco had already been limited, and the interrupted run left only 484,000 VDB cents from that mint — compared to nearly 28 million from Philadelphia in the same period.

The Philadelphia VDB cent (1909-P VDB, no mint mark) is common — nearly 28 million were struck and it trades for around $15–$20 in circulated condition. The San Francisco VDB cent (1909-S VDB) is the rarity. Brenner's initials were eventually restored to the obverse — in tiny letters on Lincoln's shoulder — in 1918, where they remain today.


Key Identification Points

The VDB initials appear on the reverse, centered at the very bottom of the coin between the two wheat stalks, just above the rim. They read V.D.B. in three small capital letters. On genuine coins, these are cleanly struck with consistent depth.

The S mint mark appears on the obverse, below the date. On 1909 Lincoln cents, the mint mark is a relatively large S. On fakes created by adding an S to a common 1909-P VDB cent, the added S often shows different metal flow, slightly different depth, or evidence of tooling visible under a 10x loupe.

Fake alert — added mint marks: The most common fake 1909-S VDB is a genuine 1909 Philadelphia VDB cent with an S mint mark added by engraving or stamping. Examine the area around the mint mark under magnification. A genuine S has clean metal with no disturbance around it. An added S shows disturbed metal, irregular depth, or die-struck characteristics that don't match the rest of the coin's surface. PCGS or NGC authentication is mandatory for any purchase.

Complete 1909 Lincoln Cent Family

Values verified against PCGS Price Guide where a direct grade match exists; VF-20 figures are interpolated between the nearest verified grades.

VarietyMintageG-4 ValueVF-20 ValueShop
1909-P VDB (no mint mark)27,995,000$15 – $20$18 – $22Shop →
1909-S VDB484,000$875 – $900$1,250 – $1,350Shop →
1909-P (no VDB, no mint mark)72,702,618$2 – $5$5 – $10Shop →
1909-S (no VDB)1,825,000$90 – $110$150 – $175Shop →

Shop certified 1909-S VDB Lincoln cents — the key date of the series.

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Where to Buy a 1909-S VDB Lincoln Cent

The 1909-S VDB is copper, not a precious-metal coin, so it isn't carried by bullion dealers — eBay and Amazon are the most relevant sources for buying and researching this key date.

eBay

The most active marketplace for certified 1909-S VDB cents. Filter by PCGS or NGC certification and compare recently sold listings before buying.
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Amazon

Reference books, coin holders, loupes, and Lincoln cent collecting guides — useful for studying this key date and its common fakes before you buy.
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Frequently Asked Questions

How much is a 1909-S VDB penny worth?
Per PCGS Price Guide, a genuine, PCGS or NGC authenticated 1909-S VDB is worth about $875 in Good-4 condition and roughly $1,450 in Extremely Fine (EF-40). Choice Uncirculated examples with brown-red toning (MS-63 RB) run about $2,850–$2,950, and Gem Red examples (MS-65 RD) are valued around $8,000–$9,250. The finest known specimens go well beyond that — PCGS values a top MS-67 RD around $140,000, and the current auction record for the date is $168,000, set by a PCGS MS67RD example at Stack's Bowers in April 2022.
What does VDB stand for on the penny?
VDB stands for Victor David Brenner, the sculptor who designed the Lincoln cent in 1909. He placed his initials on the reverse between the wheat stalks. Public objection to the prominent designer credit caused the Mint to remove the initials shortly after the coin's release — creating the rare 1909-S VDB in the process. Brenner's initials were restored in 1918 in much smaller form on Lincoln's shoulder, where they remain on all Lincoln cents today.
How do I know if my 1909-S VDB is real?
The most common fake is a genuine 1909-P VDB (Philadelphia, common) with an S mint mark added. Under a 10x loupe, examine the S mint mark on the obverse below the date. A genuine S shows clean, undisturbed metal with the same surface texture as the rest of the coin. An added S shows disturbed metal around its base, irregular depth, or tooling marks. PCGS and NGC authentication is the definitive standard — never purchase at significant prices without a certification holder.
Is the 1909-S (without VDB) also valuable?
Yes — the 1909-S without the VDB initials is a separate coin with 1,825,000 struck, making it scarce but not rare. In Good-4 condition it trades for roughly $90–$110; in VF-20 for about $150–$175. It's a significant semi-key date and is required for a complete Lincoln cent date-and-mint set. Its value is roughly 10% of the 1909-S VDB at equivalent grades.
Where is the mint mark on a 1909 Lincoln cent?
On all Lincoln cents from 1909 through 1967, the mint mark appears on the obverse (front) of the coin, below the date to the right. On 1909 coins, the S (San Francisco) mint mark is a relatively prominent letter. Philadelphia coins from 1909 have no mint mark — they are identified by the absence of any letter below the date. Starting in 1968, the mint mark moved to the obverse above the date on the right side.
What is a complete Lincoln cent set worth?
A complete Lincoln cent date-and-mint set in average circulated grades (Good to Very Fine) is worth roughly $2,500–$5,000 — with the 1909-S VDB alone accounting for $875–$1,350 of that total, and the 1914-D, 1922 Plain, and 1931-S accounting for much of the rest. In gem uncirculated grades, a complete set's value is dominated by the 1909-S VDB in MS-65 RD ($8,000–$9,250 per PCGS, with exceptional MS-67 RD examples reaching well into six figures) and would total well into five or six figures for a fully gem set.

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