- 1950's Wheat Pennies
- 1950 D Wheat Penny Worth
- 1950 D Wheat Penny Value Ebay
- 1950 D Wheat Penny Value Coin Values
Lincoln Wheat Penny Overview
1957 - D/d Lincoln Cent In Red Choice Unc Repunched D Mintmark Scarce Variety 3 photo 1961 - D/d Lincoln Cent In Red Choice Unc Repunched D Mintmark Scarce Variety. 1945 Wheat Cent on Netherlands E. Indies 1c Planchet 1945 Wheat Cent on Netherlands E. Indies 1c Planchet 1956 Wheat Cent on Honduras 1 Centavo Planchet 1956 Wheat Cent on Dime Planchet 1956-D Wheat Cent on Dime Planchet 1959 Lincoln Cent on Philippine 10c Planchet 1961-D Jefferson Nickel on Cent Planchet 1963 Lincoln Cent on Philippine 10c.
The only coin that has seen the United States go through the Great Depression and two world wars has been the immensely popular Wheat Penny. First minted in 1909 to replace the Indian Head Penny, the Wheat Penny received quick praise by consumers. The popularity for the new Wheat Penny is what led to its long-running 50-year life.
Designed by Victor D. Brenner, the Wheat Penny, officially known as the Lincoln cent, featured a former president for the first time. 16th President Abraham Lincoln was chosen for the new penny as a way to celebrate the 100th year of his birth. Consumers loved the coin but did have some criticisms about Brenner's initials being too large, resulting in a slight design change.
Brenner's design for the obverse featured a bust of President Lincoln facing right, with the motto 'IN GOD WE TRUST' centered above. The date can be found in the lower right part of the obverse field. 'LIBERTY' is seen just to the left of Lincoln's shoulder.
The reverse shows two wheat ears that surround the words 'UNITED STATES OF AMERICA' and 'ONE CENT'. 'E PLURIBUS UNUM' can be found centered above the main design element. Overall, Brenner was going for a simple but effective reverse design.
If you want to learn more about the Lincoln Cent or other rare and collectible cents, be sure to read our Ultimate Guide to Pennies.
1950's Wheat Pennies
About the 1958 Lincoln Wheat Penny
Around 1950, the United States Mint began shifting which Mint produced the most number of Wheat Pennies. Before 1950, most pennies were minted at Philadelphia with a smaller amount minted at Denver. After 1950, most pennies were minted at Denver, with a lesser amount produced at Philadelphia.
The Mint at Philadelphia reports minting 252,525,000 examples of the 1958 Wheat Penny. This is only about a fourth of what was minted at the Denver facility.
1958 would be the last year that the Mint would produce a Lincoln cent bearing the original wheat stalk reverse. Instead, the Mint would move to using a design of the Lincoln Memorial as the reverse design in 1959.
The Wheat Penny's legacy continues to live on, with it being one of the most recognized coins no longer in circulation. Most collectors do have some type of Wheat Penny Collection, and it is the coin that brought most people to coin collecting in the first place.
The Rare 1958 Doubled Die Lincoln Wheat Penny
One of the biggest and rarest errors for Wheat Pennies is the 1958 Doubled Die Error. Only three examples are known to exist, with only two being officially graded by PCGS, a third party grader.
Doubling can be seen very clearly on the obverse of the coin. The elements 'IN GOD WE TRUST' and 'LIBERTY' show heavy doubling and overlapping. Many doubled-die coins do not show near as much doubling as in the 1958 example.
This doubling occurs when the die used to strike the coin has doubled elements from the hub used to create the die. Most of the time, this doubling is very subtle, but in some cases like the 1958 Wheat Penny, it is very dramatic.
Due to its rarity and severity of the error, the 1958 DDO Wheat Penny has been sold for incredible amounts. Several years ago, an MS-64 example was sold for $100,000! The current estimated price of the MS-65 examples is an astonishing $200,000.
- NOTHING TAKEN AWAY, NEW INVENTORY ADDED MONTHLY
- 1909 's will be added to the miix of coins all will be in investment grade condition
- 1-500 count Grab Bag of Lincoln Wheat Pennies 1909-1958 Unsearched Bag
Value of the 1958 Lincoln Wheat Penny
Even though the 1958 Wheat Penny was the last cent produced featuring the wheat stalk reverse, the large amount minted has made it only worth face value in any grade under Extra Fine condition.
Extra Fine 1958 Wheat Pennies are only worth $.12 and are not in high demand by collectors. Even uncirculated examples are worth less than $0.50. MS-60 condition has a value of $0.30 and MS-65 condition's value jumps to $8. A huge jump in price can be seen between MS-65 and MS-66, with MS-66 examples worth $30.
Although not presently valuable, the 1958 Wheat Penny may see some increase in price in the coming years. With a lower mintage than other coins around the same time period, the prices should rise as more coins are lost/destroyed. Even though 1958 Wheat Pennies have a low value, be sure to check out any that you have. You never know when the next 1958 DDO example will turn up!
Coin Values Moving with Precious Metals: Up-Dated 2/8/2021: Gold $1813 | Silver $26.90
Selling wheat pennies starts with organizing your coins and gaining an understanding of their value.
Wheat pennies minted from 1909 to 1958 is a popular series with collectors and covers a wide range of value and demand. Early era wheat cents: 1909 through the mid 1930's have many higher value dates and mints, becoming serious collectibles. Coins from the later decades the 1940's and 1950's are plentiful and affordable, popular with new and beginning collectors.
Sorting your coins into these different eras quickly defines both your selling approach and value potential.
Print the Coin Values Worksheet to record the different groups of coins as you sort them. Coins of higher value are listed individually on the worksheet. The worksheet becomes a convenient and organized summary of the wheat pennies you are selling.
Quite a few of these old wheat pennies are in the minimum value category. However, there a few steps to take helping realize a higher per coin value.
As you prepare selling wheat pennies for the best value, no longer should they be considered as one single group. Rather, time spent easily sorting your coins pays big dividends.
Sorting Wheat Pennies by Decades
With a work area set out, it is time to begin separating your wheat pennies into the different value groups. Keeping the major eras in mind - 1909 through the 1930's and the 1940's to 1950's an advance sort method identifies higher value pennies.
Begin by sorting the pennies by decades. This helps in the selling process by grouping coins in similar value categories. Additionally, be alert to specific mintmarks and the condition of the coin.
First Decade of Wheat Cents: 1909 to 1919
| First Decade of Wheat Cents: 1909 to 1919 | |||
|---|---|---|---|
| Common Dates to Group Together | |||
| CoinStudy | |||
| 1916 | 1917 | 1918 | 1919 |
1909 is the special first year of issue. Because of the different varieties and values, each 1909 penny is judged individually when selling.
1909 Lincoln Penny Value covers in detail the many varieties of a 1909 cent.
Mintmarks are next considered. An important part of collections, most mint marked issues of the first decade are premium coins. Branch mints; Denver placed a 'D' mintmark and San Francisco an 'S' mintmark on their production. A 1914-D penny is a standout issue with the 1912-S and 1914-S also showing strong value in any grade.
Condition is a major factor in separating common from premium first decade wheat pennies. Compare your coins to the image to help identify higher potential coins.
The 1920's Decade
| 1920's Decade of Wheat Cents: 1920 to 1929 | ||||
|---|---|---|---|---|
| Common Dates to Group Together | ||||
| CoinStudy | ||||
| 1920 | 1926 | |||
| 1925 | 1926-D | 1927 | 1928 | 1929 |
In the 1920's Philadelphia - the main mint - struck far greater numbers of cents than the branch mints. Today, availability of the Philadelphia issues place them in the common group.
Attention is given to branch mint coins of the 1920' to find premium pennies. 'D' and 'S' mints of the decade are very popular with collectors. 1924-D is noted as leading in value in all grades.
A close inspection of the reverse, and detail in the wheat stalks, is key to higher premiums when selling.
The 1930's Decade
| 1930's Decade of Wheat Cents: 1930 to 1939 | ||||
|---|---|---|---|---|
| Common Dates to Group Together | ||||
| CoinStudy | ||||
| 1930 | 1935-D | 1936-S | 1938 | 1939-D |
| 1934 | 1935-S | 1937 | 1938-D | 1939-S |
| 1934-D | 1936 | 1937-D | 1938-S | |
| 1935 | 1936-D | 1937-S | 1939 |
The beginning of the 1930's decade is where the premium coins are found. Low production numbers from all mints contributes to the higher value of these years. San Francisco struck just 866,000 cents in 1931 (second lowest of all wheat pennies) and all are highly valued.
Judging condition is important. Examine the reverse to make a quick assessment of condition. Finely detailed wheat stalks indicate an upper grade example, set these aside to mention when selling.
The 1940's Decade
| 1940's Decade of Wheat Cents: 1940 to 1949 | ||||
|---|---|---|---|---|
| Common Dates to Group Together | ||||
| CoinStudy | ||||
| 1940 | 1942 | 1945 | 1947 | 1949 |
| 1940-D | 1942-D | 1945-D | 1947-D | 1949-D |
| 1941 | 1944 | 1946 | 1948 | |
| 1941-D | 1944-D | 1946-D | 1948-D |
The 'S' mintmark wheat pennies of the 1940's are beginning to form their own separate value group. Under the date, San Francisco placed an 'S' mintmark to indicate their production. These 'S' mint pennies are often worth a slight premium. Grouping them together helps further organize your coins.
1943 cents are in their own category. A unique combination of zinc coated steel was used in 1943 when coining cents, creating a one year only variety. Notable is the silver-blue color of these coins, set all aside to present separately when selling.
Condition is also used to refine the 1940's decade. All coins with noticeable wear are valued similar. Higher condition coins are worthy of separation. Inspect the reverse wheat stalks, compare to the image to identify the premium condition coins. Fine lines and sharply detailed wheat grains on the reverse are two points to judge.
The 1950's Decade
| 1950's Decade of Wheat Cents: 1950 to 1958 | ||||
|---|---|---|---|---|
| Common Dates to Group Together | ||||
| CoinStudy | ||||
| 1950 | 1952 | 1954 | 1956 | 1958 |
| 1950-D | 1952-D | 1954-D | 1956-D | 1958-D |
| 1951 | 1953 | 1955 | 1957 | |
| 1951-D | 1953-D | 1955-D | 1957-D |
1950 D Wheat Penny Worth
Huge quantities of wheat pennies were produced in the 1950's. In 1958 with the ending of the series, saving of the now obsolete coinage began. Many were retrieved from circulation in lightly circulated condition and all dates and mintmark combination are available today in quantities.
These old pennies of the 1950's are affordable and popular with young and beginning collectors. Finding well struck examples in well preserved condition is a pursuit of these collectors.
As you sort these coins, set all 'S' mint examples aside. A slight premium is often awarded to coins with only light wear and pleasing, mark free surfaces. Compare to the image to help identify the better condition coins.
One important date is the 1955 San Francisco ('S' mintmark) variety. Representing the last wheat cent from the mint.
Placing a Value on Wheat Pennies
With the coins sorted and organized by decades, dates, and mintmarks; review them one last time looking at condition. Any that stand out - displaying crisp detail - are judged individually.
- Breaking away from 'common' status are those minted in the early teens, twenties and thirties decades.
- The popular 'S' mints are now worth a premium.
- Always set aside for a higher asking price, coins whose condition stands out as nicer than the rest.
Following the steps above organizes your old wheat pennies into the main value groups that have begun to evolve.
Lincoln Penny Value Chart lists all dates and mintmark issues of wheat pennies. Also, on the page are images helping judge condition of these coins in greater detail.
A value range of your wheat pennies is now tabulated.
Locating Dealers
Selling Wheat Pennies to dealers often takes place in person. Old wheat pennies are heavy, a roll of 50 coins is expensive to send through the mail. Finding a local dealer to meet at either their shop or at a coin show is economical. Organizing, following the steps above and accurately placing a value, prepares for an on the spot offer and if you accept, an on the spot sale.
Multiple selling opportunities are found by visiting coin conventions. A variety of both small and large coin shows and conventions are held throughout the US, bringing together many dealers.
Always contact dealers first. With your inventory sheet at hand; a description of the coins for sale gives dealers an idea of the collection.
The following are references listing coin dealers. Search by location, specialty, and interest.
1950 D Wheat Penny Value Ebay
Listing of Coin Shows and Attending Dealers
Coin Shows are hosted all over the country, they bring together tens to many hundreds of dealers, depending on the size of the convention. Search this site to find area dealers and coin shows, review the dealer specialty, and contact information given. Some of these dealers have coin shops you can visit.
American Numismatic Association | Dealer Directory
The main coin collecting organization maintains a listing of dealers.
Professional Coin Grading Services | Authorized Dealers
Dealers required to meet a set of acceptant standards.
Numismatic Guaranty Corporation | Dealer Locator
Dealers meeting a set of acceptant standards.
Professional Numismatists Guild | Dealer Directory
Professional Numismatists Guild. PNG dealers are held to the highest standards of ethics and professionalism. All members pass a set of standards.
With a work area set out, it is time to begin separating your wheat pennies into the different value groups. Keeping the major eras in mind - 1909 through the 1930's and the 1940's to 1950's an advance sort method identifies higher value pennies.
Begin by sorting the pennies by decades. This helps in the selling process by grouping coins in similar value categories. Additionally, be alert to specific mintmarks and the condition of the coin.
First Decade of Wheat Cents: 1909 to 1919
| First Decade of Wheat Cents: 1909 to 1919 | |||
|---|---|---|---|
| Common Dates to Group Together | |||
| CoinStudy | |||
| 1916 | 1917 | 1918 | 1919 |
1909 is the special first year of issue. Because of the different varieties and values, each 1909 penny is judged individually when selling.
1909 Lincoln Penny Value covers in detail the many varieties of a 1909 cent.
Mintmarks are next considered. An important part of collections, most mint marked issues of the first decade are premium coins. Branch mints; Denver placed a 'D' mintmark and San Francisco an 'S' mintmark on their production. A 1914-D penny is a standout issue with the 1912-S and 1914-S also showing strong value in any grade.
Condition is a major factor in separating common from premium first decade wheat pennies. Compare your coins to the image to help identify higher potential coins.
The 1920's Decade
| 1920's Decade of Wheat Cents: 1920 to 1929 | ||||
|---|---|---|---|---|
| Common Dates to Group Together | ||||
| CoinStudy | ||||
| 1920 | 1926 | |||
| 1925 | 1926-D | 1927 | 1928 | 1929 |
In the 1920's Philadelphia - the main mint - struck far greater numbers of cents than the branch mints. Today, availability of the Philadelphia issues place them in the common group.
Attention is given to branch mint coins of the 1920' to find premium pennies. 'D' and 'S' mints of the decade are very popular with collectors. 1924-D is noted as leading in value in all grades.
A close inspection of the reverse, and detail in the wheat stalks, is key to higher premiums when selling.
The 1930's Decade
| 1930's Decade of Wheat Cents: 1930 to 1939 | ||||
|---|---|---|---|---|
| Common Dates to Group Together | ||||
| CoinStudy | ||||
| 1930 | 1935-D | 1936-S | 1938 | 1939-D |
| 1934 | 1935-S | 1937 | 1938-D | 1939-S |
| 1934-D | 1936 | 1937-D | 1938-S | |
| 1935 | 1936-D | 1937-S | 1939 |
The beginning of the 1930's decade is where the premium coins are found. Low production numbers from all mints contributes to the higher value of these years. San Francisco struck just 866,000 cents in 1931 (second lowest of all wheat pennies) and all are highly valued.
Judging condition is important. Examine the reverse to make a quick assessment of condition. Finely detailed wheat stalks indicate an upper grade example, set these aside to mention when selling.
The 1940's Decade
| 1940's Decade of Wheat Cents: 1940 to 1949 | ||||
|---|---|---|---|---|
| Common Dates to Group Together | ||||
| CoinStudy | ||||
| 1940 | 1942 | 1945 | 1947 | 1949 |
| 1940-D | 1942-D | 1945-D | 1947-D | 1949-D |
| 1941 | 1944 | 1946 | 1948 | |
| 1941-D | 1944-D | 1946-D | 1948-D |
The 'S' mintmark wheat pennies of the 1940's are beginning to form their own separate value group. Under the date, San Francisco placed an 'S' mintmark to indicate their production. These 'S' mint pennies are often worth a slight premium. Grouping them together helps further organize your coins.
1943 cents are in their own category. A unique combination of zinc coated steel was used in 1943 when coining cents, creating a one year only variety. Notable is the silver-blue color of these coins, set all aside to present separately when selling.
Condition is also used to refine the 1940's decade. All coins with noticeable wear are valued similar. Higher condition coins are worthy of separation. Inspect the reverse wheat stalks, compare to the image to identify the premium condition coins. Fine lines and sharply detailed wheat grains on the reverse are two points to judge.
The 1950's Decade
| 1950's Decade of Wheat Cents: 1950 to 1958 | ||||
|---|---|---|---|---|
| Common Dates to Group Together | ||||
| CoinStudy | ||||
| 1950 | 1952 | 1954 | 1956 | 1958 |
| 1950-D | 1952-D | 1954-D | 1956-D | 1958-D |
| 1951 | 1953 | 1955 | 1957 | |
| 1951-D | 1953-D | 1955-D | 1957-D |
1950 D Wheat Penny Worth
Huge quantities of wheat pennies were produced in the 1950's. In 1958 with the ending of the series, saving of the now obsolete coinage began. Many were retrieved from circulation in lightly circulated condition and all dates and mintmark combination are available today in quantities.
These old pennies of the 1950's are affordable and popular with young and beginning collectors. Finding well struck examples in well preserved condition is a pursuit of these collectors.
As you sort these coins, set all 'S' mint examples aside. A slight premium is often awarded to coins with only light wear and pleasing, mark free surfaces. Compare to the image to help identify the better condition coins.
One important date is the 1955 San Francisco ('S' mintmark) variety. Representing the last wheat cent from the mint.
Placing a Value on Wheat Pennies
With the coins sorted and organized by decades, dates, and mintmarks; review them one last time looking at condition. Any that stand out - displaying crisp detail - are judged individually.
- Breaking away from 'common' status are those minted in the early teens, twenties and thirties decades.
- The popular 'S' mints are now worth a premium.
- Always set aside for a higher asking price, coins whose condition stands out as nicer than the rest.
Following the steps above organizes your old wheat pennies into the main value groups that have begun to evolve.
Lincoln Penny Value Chart lists all dates and mintmark issues of wheat pennies. Also, on the page are images helping judge condition of these coins in greater detail.
A value range of your wheat pennies is now tabulated.
Locating Dealers
Selling Wheat Pennies to dealers often takes place in person. Old wheat pennies are heavy, a roll of 50 coins is expensive to send through the mail. Finding a local dealer to meet at either their shop or at a coin show is economical. Organizing, following the steps above and accurately placing a value, prepares for an on the spot offer and if you accept, an on the spot sale.
Multiple selling opportunities are found by visiting coin conventions. A variety of both small and large coin shows and conventions are held throughout the US, bringing together many dealers.
Always contact dealers first. With your inventory sheet at hand; a description of the coins for sale gives dealers an idea of the collection.
The following are references listing coin dealers. Search by location, specialty, and interest.
1950 D Wheat Penny Value Ebay
Listing of Coin Shows and Attending Dealers
Coin Shows are hosted all over the country, they bring together tens to many hundreds of dealers, depending on the size of the convention. Search this site to find area dealers and coin shows, review the dealer specialty, and contact information given. Some of these dealers have coin shops you can visit.
American Numismatic Association | Dealer Directory
The main coin collecting organization maintains a listing of dealers.
Professional Coin Grading Services | Authorized Dealers
Dealers required to meet a set of acceptant standards.
Numismatic Guaranty Corporation | Dealer Locator
Dealers meeting a set of acceptant standards.
Professional Numismatists Guild | Dealer Directory
Professional Numismatists Guild. PNG dealers are held to the highest standards of ethics and professionalism. All members pass a set of standards.
🔎Knowing the value of your coins when matching them to a buyer is key to selling wheat pennies. Casino pokies adelaide.
Coin Values | CoinStudy Articles
1950 D Wheat Penny Value Coin Values
Wheat pennies grouped by decades with mint marked and high condition examples highlighted is a good presentation to dealers when selling.
An additional point when selling wheat pennies. Never clean your coins, leave them exactly as they are. Any attempt at improving their appearance lowers value. Collectors seek only original condition coins and avoid examples that have been cleaned.
Lincoln Penny Value Chart Includes links to each wheat penny date. In-depth values, mintmark identity, and grading condition is covered for each year.
Penny Values Older series of US cents imaged and identified. Their prices are climbing in response to increased demand. A quick look at the value chart shows a big change in how much your box of old pennies is worth.
★Coin Values Discovery
All old US coin values. The home page is an excellent index, pulling together tips on selling wheat pennies and quickly leading to values of all the major coin series. From Cents to Gold. Prepare your coins for selling, find coin buyers, and understand their true potential.
References
US Mint. 1964 US Mint Annual Report. https://nnp.wustl.edu/library/book/514149
