Why is a 1958 wheat penny worth money?
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A standard 1958 Wheat Penny is generally only worth a few cents. The reason a 1958 wheat penny might be worth money is due to specific factors that appeal to collectors, primarily its condition, color, and the presence of rare minting errors.
How do I know if my 1958 wheat penny is worth anything?
The value of a 1958 Wheat Penny is primarily determined by its condition and whether it is a rare doubled die variety. Most 1958 pennies are common, but those in uncirculated condition or with errors can be more valuable.
Why is the 1958 wheat penny so valuable?
The coin's value is influenced by its condition, the 'D' mint mark indicating it was minted in Denver, and collector demand. The 1958 D Wheat Penny had a slightly smaller mintage the previous two years with over 800 million coins struck at the Denver Mint.
What 1958 penny is worth $1,000,000?
Some pennies worth $1 million. Rare Lincoln Wheat Pennies, minted from 1909-1958, are valued anywhere from thousands to millions of dollars. The Lincoln Wheat Penny was the first U.S. coin to feature a president's image.
What is the rarest penny from 1958?
As it is the last year of the Lincoln Wheat Cent, the 1958 Wheat Penny remains in high demand and retains a decent bit of value. However, the really valuable 1958 wheat penny is the 1958 Double Die Obverse, this penny has an auction record of $336,000!
1958 WHEAT PENNY VALUE - MOST VALUABLE PENNIES FROM 1958
How can I tell if a wheat penny is valuable?
Each Lincoln Wheat Cent's value is determined by several factors, including year of issue, mintmark, strike quality, and overall condition. Coins minted at the Philadelphia, Denver, and San Francisco Mints each have unique characteristics.
What year is the most valuable wheat penny?
1. 1943-D Lincoln Bronze Wheat Penny — $2.3 million. Designed by Victor D. Brenner, this is one of the highest-value pennies in circulation today.
How much does a 1958 D wheat penny weigh?
Composition: 95% Copper, 5% Zinc. Weight: 3.11 grams. Diameter: 19mm.
Should I clean my Lincoln wheat pennies?
Because the cleaning process required to restore the original bright and shiny look of the penny are nearly always abrasive, cleaning them rarely improves the grading of a valuable coin and almost always reduces the value.
What wheat penny is worth $50,000?
The 1959-D wheat penny is one of the most controversial mule coins ever. It's worth $50,000! Here's everything you could possibly want to know about the 1959-D penny error!
How much is a 1958 D-DDO penny worth?
GreatCollections sold 1 of the 1958 Lincoln Cent Doubled Die Obverse RD in the past 15 years, selling for $1,136,250, in grade 65. Of these, 1 was approved by CAC. The design was made by: Victor D.
What is the most expensive Lincoln cent ever sold?
The ten most valuable Indian Head and Lincoln pennies you should be looking for are:
- 1943 Copper Lincoln Penny: $186,000-$372,000.
- 1969-S Double Die Lincoln Cent: $41,125-$126,500.
- 1922 “Plain” Lincoln Cent: $329-$57,500.
- 1955 Double Die Lincoln Cent: $1,645-$32,400.
- 1877 Indian Cent: $220-$21,150.
How many pennies were minted in 1958?
How many 1958 Wheat Pennies were minted? The Philadelphia Mint produced over 252 million pennies in 1958, while the Denver Mint produced over 800 million.
Should you keep wheat pennies?
Most Lincoln wheat pennies are not super-valuable and are worth just a few cents more than one cent. However, some may escalate into the hundreds of dollars, depending on the condition and when minted. Certain vintages, especially with minting errors, may be worth thousands. You can see the NGC price guide here.
Which penny is worth 1.7 million dollars?
The 1-cent coin that can be worth up to $1.7 million
The Don Lutes Jr. coin- a bronze Lincoln cent- was sold for such a huge amount because currently, only a handful of these exist.
What are the errors on the 1958 penny?
The coin features several errors, including a doubled reverse, an 'I' in the barely struck, an error in the jacket, an 'L' in liberty that is in the edge, and the obverse 'e plu' in the top wording is only half struck. This 1958 D Lincoln Wheat Penny is a rare find for collectors.
What is the million dollar penny in 1958?
The Famous Million Dollar 1958 Lincoln Cent Doubled Die
Among Lincoln Cents produced at the Philadelphia Mint in 1958 is one of the series' most notable doubled die obverse varieties. Its doubling is obvious on all of the obverse text, though weakest on the date.
How do I submit coins to PCGS?
PCGS offers two different ways to submit coins either by (1) joining the Collectors Club or (2) going through a PCGS Authorized Dealer. Both will get your coins graded.