Hello, I'm an expert in numismatics, which is the study and collection of coins. When it comes to the value of a 1964 penny, there are several factors to consider.

Firstly, the mintage (the number of coins produced) for a 1964 penny is quite high, with millions minted in both the United States and Canada. This abundance typically keeps the value of common date coins low unless there's a special feature or error.

Secondly, the composition of the penny can affect its value. In the United States, before 1964, pennies were made of 95% copper. However, in 1962, the U.S. Mint switched to a copper-plated zinc composition due to a copper shortage. A 1964 U.S. penny is generally made of this latter material and is not as valuable for its metal content.

Thirdly, errors and varieties can make a coin more valuable. For example, if a 1964 penny has a significant minting error or is part of a rare variety, it could be worth more to collectors.

Lastly, the condition of the coin is crucial. A coin in uncirculated or mint condition will be worth more than one that is worn or damaged.

In summary, a regular 1964 penny in average circulated condition is generally worth its face value, which is one cent. However, if it's in excellent condition or has a special feature, it might be worth more to a collector.

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1964 Lincoln Penny. CoinTrackers.com has estimated the 1964 Lincoln Penny value at an average of 1 cent, one in certified mint state (MS+) could be worth $12. (see details)...read more >>