Accurate Precious Metals

2022 Lincoln Memorial Cent: Why no such coin exists

Coins Bullion

APMR Team

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If you searched for the 2022 Lincoln Memorial Cent hoping to identify the penny in your pocket, here is the fact you need first: there is no such coin. Every cent struck in 2022 carries the Union Shield reverse, a design that replaced the Lincoln Memorial back in 2010. This article explains why that mix-up happens so often, walks through the real design history of the Lincoln cent, and breaks down what your 2022 penny is actually worth today.

Plenty of collectors still call any modern Lincoln cent a "Memorial cent" out of habit, since that design ran for nearly 50 years. Understanding the difference matters if you are sorting through a jar of pennies, building a coin folder, or trying to figure out whether something in your collection has extra value beyond one cent.

Is the 2022 Penny Really a Lincoln Memorial Cent?

No. The 2022 Lincoln cent features the Union Shield design on its reverse, not the Lincoln Memorial building. The Memorial design ran from 1959 to 2008, then was retired after a one-year Bicentennial series in 2009. Every cent minted from 2010 through 2022 and beyond uses the Shield.

The confusion is understandable. The Memorial design lasted so long, through so many decades of pocket change, that many people default to calling any Lincoln cent a "Memorial cent" the same way people call every soda a "Coke." But if you are examining a coin dated 2022, flip it over. You will see a shield with 13 vertical stripes across the top and horizontal lines below, not a stone building with columns.

What Is the Union Shield Design on the 2022 Lincoln Cent?

The Union Shield is a design representing national unity, adopted as the permanent Lincoln cent reverse starting in 2010. Designer Lyndall Bass created the artwork, and U.S. Mint sculptor Joseph Menna translated it into the coin die. Both artists left their initials on the reverse, "LB" for Bass and "JFM" for Menna, though most people never notice them without a magnifier.

The 13 vertical stripes across the top of the shield stand for the original states bound together under one federal union. A horizontal band below represents that unity holding firm. Congress mandated this design through the Lincoln Cent Design Act of 2006, which required a fifth and permanent reverse once the 2009 Bicentennial series finished honoring Lincoln's 200th birthday.

Compared to the Memorial's detailed architecture, the Shield is a simpler image. That simplicity was intentional. The Mint wanted a design that struck cleanly at high volume and read clearly even on a worn coin.

From Wheat to Memorial to Shield: A Quick History of the Lincoln Cent

The Lincoln cent has carried four different reverse designs since 1909, each tied to a specific era of American coinage. Victor David Brenner's obverse portrait of Lincoln has remained unchanged the entire time.

  • 1909 to 1958: Wheat Ears reverse, marking the coin's debut and referencing Lincoln's rural roots. Early dates like the 1917 wheat penny value and the 1918 wheat cent remain popular with new collectors.
  • 1959 to 2008: Lincoln Memorial reverse, introduced for Lincoln's 150th birthday. This is the design most people picture when they hear "Lincoln cent," including well-known dates such as the 1977 Lincoln Memorial Cent.
  • 2009: Four rotating Bicentennial designs covering Lincoln's birthplace, boyhood, professional life, and presidency, issued for one year only.
  • 2010 to present: Union Shield reverse, the permanent design used on the 2022 cent and every cent since.

This progression mirrors a broader pattern in U.S. coinage. Older 19th and early 20th century cents, like the 1907 Indian Head cent, and even other denominations such as the 1866 Shield Nickel, show how the Mint has repeatedly used shield imagery to symbolize national unity across different coin series. The Union Shield cent is really a modern echo of that older tradition, not a brand-new idea.

What Are the Specs of a 2022 Lincoln Shield Cent?

A 2022 Lincoln Shield cent weighs exactly 2.5 grams, measures 19.05 millimeters across, and has a plain edge with no reeding. The coin is made from a zinc core that is 97.5% zinc, plated with a thin layer of copper making up the remaining 2.5% of its composition.

2.5g
Weight in grams
19.05mm
Diameter
97.5%
Zinc content
2.5%
Copper plating

This composition has been standard since 1982, when rising copper prices pushed the Mint away from the solid bronze cents used earlier. Older cents, including many wheat pennies like the 1919 Lincoln Wheat cent, were struck in 95% copper bronze and carry a noticeably different weight and color. If you are ever unsure whether a penny is copper or zinc-core, a 2.5 gram weight on a kitchen scale is a fast way to confirm it is the modern composition.

What Types of 2022 Lincoln Cents Exist?

Three basic types of 2022 Lincoln cents exist: Philadelphia and Denver circulation strikes, and San Francisco proof coins made for collectors. Circulation strikes carry no mint mark or a small "P" or "D" below the date, while proofs carry an "S."

TypeMint MarkApproximate MintageTypical Buyer Value
Circulation strikeP or DAbout 5.5 billion combinedFace value, $0.01
Proof coinS646,177$3 to $8 retail, up to $25 in top grades
Error or varietyP or DUnknown, low relative to total mintage$50 to $200+ if graded

Circulation strikes are business coins meant to move through cash registers and bank rolls. Proof coins are struck twice on polished dies with a mirror-like background and a frosted design, sold directly by the Mint in annual sets rather than released into circulation. If you ever find an "S" mint mark 2022 penny in pocket change, treat that as unusual since these were never meant to circulate.

How Much Is a 2022 Lincoln Shield Cent Worth?

A 2022 Lincoln cent is worth one cent in typical circulated condition, since more than 5.5 billion were struck between the Philadelphia and Denver mints. Only proof coins, uncirculated coins in high grades, or verified minting errors carry a premium over face value.

ConditionEstimated Value Range
Circulated, ungraded$0.01 face value
Uncirculated, MS-65 or higher$0.50 to $2
Proof 2022-S, PR-65$3 to $5
Proof 2022-S, PR-69 or higher$15 to $25
Verified error, graded$50 to $200 or more

The takeaway is simple. Volume kills value. With billions of these coins in circulation, a random 2022 penny from your change jar is not going to fund a retirement. The exceptions are coins that a grading service has evaluated and placed in a high numeric grade, or coins with a documented die error that collectors specifically seek out.

Does the 2022 Penny Have Melt Value?

The 2022 Lincoln cent has almost no melt value, worth a small fraction of one cent based on its zinc and copper content. This is very different from precious metal coins, where the metal itself often exceeds the coin's face value.

At the time of writing, gold trades around $4,023 an ounce, silver around $57 an ounce, platinum around $1,588 an ounce, and palladium around $1,250 an ounce. None of that applies to a modern cent. Zinc and copper are common industrial metals worth pennies per pound, and the tiny amount inside a 2.5 gram coin adds up to less than one cent of raw metal. A 2022 penny is a circulating coin, not a bullion product, and it should never be evaluated the way you would evaluate a silver or gold coin.

That contrast is worth sitting with for a moment. Coins like the American Gold Eagle or a 1 oz silver round carry value tied directly to their metal content plus a modest premium. A Lincoln cent carries value tied to its date, mint mark, condition, and rarity as a collectible, not its metal weight. Both are valid ways to collect, but they answer very different questions about what a coin is worth.

What Errors or Varieties Should Collectors Look For?

Collectors watching 2022 Lincoln cents for value typically look at a handful of minor die varieties rather than any officially recognized major error. None of these are guaranteed rare, but graded examples occasionally sell for meaningfully more than face value.

  • Football Zero: a distorted "0" in the date "2022" where the inner opening looks stretched or elongated
  • Liberty notches: small split serifs at the bottom corners of the letters in "LIBERTY"
  • Southeast spread: subtle doubling that trends toward the lower right of a design element, distinct from ordinary mechanical shelf doubling
  • Die cracks: a light raised line across Lincoln's forehead, sometimes called a Stage B crack
  • Weak strikes: mushy, poorly defined vertical lines at the top of the shield

Most doubling you will see on a modern cent is mechanical doubling caused by die wear, which shows flat, shelf-like edges and carries no added value. True doubled dies show raised, rounded edges on the doubled letters or numbers. If you think you have found something unusual, a 10x loupe and a comparison photo from a reputable grading resource will tell you more than guessing ever will.

Tips for Collecting and Buying Shield-Era Cents

Start by confirming the mint mark and checking the reverse for the designer initials "LB" and "JFM," since both are basic identifiers of an authentic Shield-era cent. From there, focus on surface quality and edge type before assuming any coin is special.

  • Check the edge: it should be completely smooth with no reeding
  • Look for zinc rot or dark spotting under a loupe, which lowers eye appeal and grade
  • Buy proof coins directly through official Mint sets when possible for the most reliable source
  • Treat "rare error" claims with skepticism unless the coin has been evaluated by a grading service
  • Compare a suspected error against reference photos before paying an error premium

Estate sales and old bank-wrapped rolls occasionally turn up uncirculated coins in better condition than anything still moving through daily change. Coin shows are a good place to see graded errors in hand before deciding whether a premium is justified.

Where Should You Buy or Sell Coins Like the 2022 Lincoln Cent?

For low-value modern coins like the 2022 Lincoln cent, most transactions happen informally, through folders, albums, or small trades between collectors. For anything with real numismatic or bullion value, including older wheat cents, proof sets, and precious metal coins, working with an established dealer matters more.

Accurate Precious Metals, based in Salem, Oregon, has since 2012 been building a reputation backed by over 1,000 five-star customer reviews. As an NGC Authorized dealer, our team can help evaluate coins that may be worth submitting for grading, and we carry a full range of gold, silver, platinum, and palladium products in coin and bar form alongside diamonds and jewelry. We are not a pawn shop. We are a dedicated precious metals dealer with online pricing tied to live spot prices, so buyers across the country pay competitive rates whether they shop in person or order for insured nationwide shipping.

If you are holding older Lincoln cents, wheat pennies such as a 1942 no mint mark wheat penny, proof sets, or scrap gold and silver jewelry you want evaluated, you have two straightforward paths. Local customers are welcome to visit our Salem, Oregon location in person for a hands-on look. Customers anywhere else in the country can use our mail-in coin service, which includes free insured shipping, a trusted and transparent process for evaluating items, and fast payment once the review is complete. For collectors who also want to diversify into actual bullion rather than face-value circulation coins, our team can walk you through options ranging from fractional gold coins to larger silver bars, all priced against current spot values rather than guesswork.

Frequently Asked Questions

Is the 2022 penny a Lincoln Memorial Cent?

No, the 2022 penny features the Union Shield reverse design, which has been used since 2010, not the Lincoln Memorial design that ran from 1959 to 2008.

How much is a 2022 Lincoln Shield penny worth?

A circulated 2022 Lincoln cent is worth its one cent face value, while graded proof coins from San Francisco can sell for $3 to $25 depending on grade, and verified errors can reach $50 to $200 or more.

What is the weight and composition of a 2022 penny?

It weighs exactly 2.5 grams and is made of a zinc core that is 97.5% zinc with a 2.5% copper plating, measuring 19.05 millimeters across.

How many 2022 pennies were minted?

The U.S. Mint struck roughly 5.5 billion 2022 Lincoln cents combined between the Philadelphia and Denver facilities, plus 646,177 proof coins from San Francisco.

Does a 2022 penny have any melt value?

The melt value of a 2022 penny is a small fraction of one cent based on its zinc and copper content, far below face value and nothing like the melt value of gold or silver bullion coins.

What does the shield design on the modern Lincoln cent represent?

The Union Shield represents national unity, with 13 vertical stripes symbolizing the original states joined under one federal government, a theme tied to Lincoln's role in preserving the union.

Who designed the Union Shield reverse?

Lyndall Bass designed the image and U.S. Mint sculptor Joseph Menna engraved it into the coin die, with both artists' initials, "LB" and "JFM," appearing on the reverse.

Sources

  1. Greysheet - U.S. Coin Design History
  2. CoinValueChecker - 2022 Lincoln Cent Specifications
  3. LincolnCents.net - Union Shield Design Background
  4. HeritCoin - Lincoln Cent Mintage Data
  5. CoinWeek - 2022-S Proof Coin Reporting

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