A 1964 penny is worth between 2 and 5 cents face value as current U.S. circulation coinage. However, some 1964 pennies can be worth substantially more to coin collectors depending on their condition and variety.
A 1964 penny in "Good" condition might be worth around 10 cents. One in "Very Fine" condition could fetch 15-25 cents. A coin in "Extremely Fine" condition might sell for 30-50 cents. And a 1964 penny graded by PCGS or NGC in "Mint State" condition could be worth $1-5.
The most valuable 1964 pennies are proofs. A Proof 64 penny could sell for $10-20. Top-grade Proof coins in PR69 could be worth $100-500 depending on demand. Some varieties like the 1964-D Small Date penny are also more valuable, with collector value from $10-25+ in lower circulated grades.
So in summary - a common circulated 1964 penny is worth just face value of 1 cent. But higher grade or special variety coins from this year can have significant collector value ranging from 10 cents to well over $500 for rare, pristine examples.
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