The value of a 1961 Lincoln cent depends on its condition and variety. In general, a 1961 Lincoln cent in good condition is worth around $0.05. However, certain varieties, such as the 1961 Lincoln cent with a doubled die error, can be worth significantly more. The doubled die error occurs when the dies used to strike the coin are slightly misaligned, resulting in a doubling of the design elements. Some 1961 Lincoln cents with the doubled die error can be worth several hundred dollars or more.