The 1992 Close AM Lincoln cent is a transitional die variety where the letters A and M in AMERICA on the reverse nearly touch. It was struck using a reverse die intended for proof coinage, making it extremely rare. Authenticated examples have sold for over $20,000.
Look at the reverse, at the word AMERICA in UNITED STATES OF AMERICA. On a normal 1992 cent the A and M are clearly separated. On the Close AM variety, they almost touch. Both 1992 (Philadelphia, no mint mark) and 1992-D varieties exist, with the 1992-D being slightly more common.
The 1992 Close AM was struck using a die designed for proof Lincoln cents, which were not supposed to be used on circulation strikes. Only a tiny number entered circulation before the error was caught. Fewer than a few dozen are confirmed.
1992 Close AM examples have sold for $5,000 to $25,000 depending on condition and mint mark. The 1992 (no mint mark, Philadelphia) Close AM is the rarer of the two and commands the highest prices.
On a normal 1992 cent the letters A and M in AMERICA are separated. On the Close AM, they nearly touch.
Yes, both are extremely rare and valuable. The 1992 (Philadelphia, no mint mark) Close AM is rarer than the 1992-D.
Authenticated examples have sold for $5,000 to $25,000 depending on condition and mint mark.
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