MS-65RB gem uncirculated- There is strong luster and eye appeal. So, how much is an uncirculated 1956 wheat penny worth? With three facilities minting the coin in huge numbers, it is no surprise that it ended up with a high mintage. Coins in this condition retain the best degree of details and features. Old pennies are highly collectible, and 1951 wheat cents are no exception. On the Lincoln pennys obverse you will notice the image of none other than Abraham Lincoln dominating the central aspect. Read more in our privacy policy. At MS-67 and beyond, they become quite scarce. As we saw above, 1951 Wheat Pennies in high mint states can sometimes be worth thousands of dollars. There are many 1951 pennies that were incorrectly struck. Many hobbyists add 1951 pennies to their Lincoln cent collections such as old wheat penny sets spanning the years 1909 through 1958. This example is notable for mark free surfaces. Source: USA CoinBook. The Lincoln design is one of the last withstanding coin designs minted by the US Mint in the Philadelphia, San Francisco, and Denver Mints. Confirming a higher quality is the raised rim on the well struck penny. Apart from Wartime Pennies that were zinc-coated steel, a penny from any year should have distinct copper toning. Very fine- Lincoln's jawbone and cheekbone are worn but still separated. There will be some coins where the entire coin has not oxidized yet, so these are still prized by collectors, but not as much as RD coins. 1951 Lincoln Cent, PR68 Sold on Apr 28, 2016 for: $9,987.50, 4. Another way that in-house engravers can make and save money is to choose designs that need fewer strikes because theyre quicker to coin and the dies last longer. Strike quality varies among wheat pennies. The current record price for a wheat penny with this error is $225 with an MS64 BN coin. The 1951 S wheat penny is worth around $0.25 in very fine condition. Tilt the coin at an angle to the light and a fine texture is visible indicating an unworn surface. 136,010,000 produced contributes to ample supplies. Many doubled die errors are not particularly obvious to the naked eye, with some only seen through a microscope. Also, click here to Learn About Grading Coins. Good: A 1951 Lincoln penny receiving a Good grade is one that was likely heavily circulated and heavily damaged as well. However, a good idea is to grade the coin beforehand and state it in its description. I have a 1951 D Big Smile, Lincoln Penny. There are quite a lot of errors on the 1951 penny. 1950 Wheat Penny Comparing and judging original depth of strike on the example 1951-S pennies identifies the higher appeal coin. USA Coin Book Estimated Value of 1951 Lincoln Wheat Penny is Worth $0.06 in Average Condition and can be Worth $0.81 to $2.33 or more in Uncirculated (MS+) Mint Condition. These are rare pennies worth money. You can take a look below the date mark. The Lincoln penny is also the first penny coin to have the motto In God We Trust inscribed on them. When it comes to determining the value of the 1951 Lincoln penny, this is something that can be done by looking at a few different things. 1951 Wheat Penny Value Values and Varieties (by Mint Mark), 1951 Wheat Penny Value Values and Varieties (by Color), Top 20 Most Valuable Old Pennies Worth Money (Penny Collection). 2016 Quarter Value: are they worth money. Half a step up in MS 67+ RD, its $396. Collectors utilize a coin grading scale to judge the condition of a coin. If there is an S mint mark, it was minted in San Francisco. The doubled die error refers to the doubling of certain design elements on the coin. If there is a D mint mark, it was minted in Denver. Ample detail showing separation of Lincoln's coat and lapel, and a bold ONE CENT is desirable. Below is a chart outlining the different values associated with 1951 Lincoln pennies of different types and grades. Most Valuable Quarters: A List Of Silver Quarters & Other Rare Quarters You Should Hold Onto! A fully separated bow-tie, showing all edges and defined knot indicates a higher condition penny. A 1951 (P) No Mint Mark Wheat Penny graded MS 67 RD once sold for $10,350. But if its the planchet that moved between die strikes, you get an off-center error based on the angle of misalignment. It generally occurs in 1951-S wheat pennies. The only other major variety of 1942 Penny that for collectors to go after is the proof coin from that year, and with 32,600 originally struck for inclusion in proof sets, there are normally enough on the market to satisfy demand. 98K views 3 years ago 1951 Wheat Pennies worth money and rare penny coins to look for in your pocket change. This 1951 (P) is thinner than normal, so it could be broad struck or it may have used a slimmer planchet. This is called an Over Mint Mark or OMM, written as D/S, and is worth $2,300 in MS 67 RD, though a sample only went for $1,440 in a 2018 sale. Again, there are 2 possibilities: 1) A typical uncirculated 1956 or 1956-D wheat penny is worth between 20 cents and $5. By creating an account, you are agreeing to the Terms of Service and the Privacy Policy. 5 Most Valuable 1951 Wheat Penny Ever Sold, 1. Here aresome of the 1951 wheat penny errors that collectors know about, and their approximate values: While there are only a few 1951 wheat penny varieties and errors listed here, there are many more out there. Only the first 50 to 100 coins come out as DCAM or U-CAM. Enter your email address and we will send you a link to reset your password. My other coin collecting videos are on Couch Collect. A coins mintage affects its rarity and that, in turn, affects its value. 284,576,000 one-cent coins were struck at the Philadelphia Mint. A good indication of moderated wear is the flat and level surface now displayed along the jaw and cheek. This is why 1951-D wheat penny errors fetch better prices. Ive collected rare coins and other rare collectibles since I was a kid. Beyond that, the grade of the coin will also come into play. Its mint mark is an S struck under the coins production year on the obverse. On the upside, the 1951 wheat pennies with errors have a higher value than the regular because they are not as common. The ever popular Lincoln wheat penny was first produced by the U.S. Mint in 1909. 2000 Quarter Value: are P, D, S mint mark worth money? And red coins command higher prices than red-brown examples, which in turn are generally more desirable than brown coins. Initially, it was a quality control tool used to verify dies. An old copper coin with wear is expected to have a shade of brown toning. Previous year: the 1950 Lincoln Wheat Penny, Following year: the 1952 Lincoln Wheat Penny. If it occurs on the obverse, its a DDO but appearing on the reverse makes it a DDR. The coin's luster might not be as prominent. Click here to Learn How to use Coin Price Charts, Click here to see the Melt Value of every US Coin, US United States of America 1 Lincoln Cent 1951 D km A132, 1951d Lincoln Wheat Cent. Crisp detail to the tie on the well struck cent shows a defined central knot and ribbon on each side. Finally, arching overtop of the reverse is the Latin phrase E Pluribus Unum.. The highest known grade so far is a 1951-D in MS 68 RD. Unlike the previously mentioned errors, this error does not fetch quite the amount, with its record price of only $98 for an AU-58 BN coin. Free shipping for many products! The coin die ends up having an off-center impression of the same design, and coins minted using this die will have this doubling effect. BUY ANY 10 UNGRADED ITEMS AND RECEIVE A 10% DISCOUNT ! Now lets review one that appears on the 1951-D Wheat Penny. And this difference in perspective applies to coin designers as well. Coins with the highest contrast between the device and the field are graded Deep Cameo or Ultra Cameo. You might not be able to believe it, but 1951 is over 70 years ago already! Collectors follow a step by step approach of examining: Date | Mint Mark | Condition. As we mentioned at the beginning of this article, several factors affect the worth of a coin, and the 1951 wheat penny is no exception. Seeing how common the 1951 wheat penny is, it should be one of the first wheat penny you should acquire when trying to build a collection. This was how the coin series got its name as the Wheat Penny. Moderate toning is beginning to form on the high points of the second example. The 1951 D wheat penny has the same value as the S wheat penny across most lower-grade conditions, if not lower because of their higher survival count. Although this coin is popular among collectors, it is less about its value than its importance in building a Wheat Penny Collection. These coins can fetch quite the price, and even more so when theyre still Red. Worn 1951 wheat pennies are generally worth less than 25 cents. In circulated condition, this grade indicates that the coin shows heavy damage. Its worth $150 in MS 65 and can reach $600 in MS 67. A 1951 (P) Proof 65 RD DCAM sold for $1,500, and at least one PF 67 RD Ultra Cameo was graded by NGC. Have a 1951 wheat penny and want to know how much its worth? Uncirculated coins with a grade of MS-65RB can sell for around $2. With one in extremely fine condition selling for around $0.05, it falls in the category of low-value coins. A mint state example is sought with bright original reddish copper coloring and few contact marks. In MS 67 RD, a 1951-S Wheat Penny is over $4,200. In fact, quite a lot of these pieces were also retrieved in Mint State because many original rolls of this cent were saved. Im a member of the American Numismatic Association (ANA) and the Numismatic Literary Guild (NLG) and have won multiple awards from the NLG for my work as a coin journalist. https://nnp.wustl.edu/library/publisherdetail/51, Date by DateIn Depth Lincoln Penny ValueEarly Era 1909 to 1933, Date by DateIn Depth Lincoln Penny ValueSecond Era 1934 to 1958. The San Francisco-minted wheat pennies of 1951 take the smallest mintage, hence why it commands a higher premium than the other variations. Collectors having many to choose from, seek eye pleasing examples. Among these base value cents a further separation is distracting marks and dark, uneven colors. In front of the profile, you will find the coins production year, which is 1951 in this case. Find many great new & used options and get the best deals for Lot of Denmark Old Stamps Used/MH at the best online prices at eBay! MS-63RB choice uncirculated- In the major focal areas there are some blemishes or contact marks. Its not worth much, but in VF 25, this penny sold for $30 in 2008, and thats still more than 1c! In extremely fine condition the value is around $0.12. Examples are quickly recognized as off color. How to Reap the Best Value When Selling Wheat Pennies. In extremely fine condition the value is around $0.30. Although significantly better than the good condition, a coin in this condition or with this grade shows fewer scratches and less intense discoloration. Lets talk about how coins are made. Their devices look similar, but pennies have two wheat stalks and pfennigs have two rye stalks. Since the sale goes to the highest bidder, the potential for how much you can sell your 1951 wheat penny becomes relatively high. 1918 D Wheat Penny. This error often occurs when the mint employee fails to align the coin hub above the coin die properly. Examples of relevant websites include eBay, Heritage Auctions, and Etsy. stunning wheat penny, priced to sell - NGC listed for $55. 1951 (P) Proof Wheat Penny Value Image: pcgs A Proof Coin is minted with exceptional clarity and detail. The 1951 Wheat Penny was 95% copper, and that 5% balance was either tin or zinc, though the mint would sometimes combine both base metals. 1958 Penny Value | Discover its Worth Coin Values Moving with Precious Metals: Up-Dated 3/27/2023: Gold $1969 | Silver $23.00 1958 Penny Value Matching your coin to grading images finds 1958 penny value. However, you are more likely to get a lesser value for your coin. Extremely fine- There is only slight wear on the coin. This is called a re-punched mint mark or RPM. Check your pocket change for these rare pennies worth worth money! While you wont be able to distinguish intricate features like Lincolns hair strands, other facial features like his jaw retain more details. I HAVE A ( 1951-S U.S. One of the inscriptions reads United States of America while the other marks the One Cent face value. A 1951-D Wheat Penny graded MS 67 RD sold for just $312. For now, lets accurately assess the most recent 1951 Wheat Penny Value. 1882 Silver Dollar Value: are S, O, CC, No mint mark worth money? Date | Mintmark | Condition are considered; all described and imaged within each series. That is why most of their features havent worn off as badly as those in previous grades. USA Coin Book Estimated Value of 1951-S Lincoln Wheat Penny is Worth $0.11 in Average Condition and can be Worth $1.16 to $3.38 or more in Uncirculated (MS+) Mint Condition. 1951 1C PR67 Sold on Jan 6, 2011 for: $15,076.50, 2. Latter year wheat cents, 1944 through 1958, are abundant and any edge in appeal improves marketability. In MS 67+ RD, a flawless 1951-D Wheat Penny is worth over $1,900. Generally, an uncirculated wheat cent toned brown is lower in value. The obverse (heads side) of the 1951 Wheat Penny has a profile of Abraham Lincoln facing right. Grades of Good, Fine, Extremely Fine, and Uncirculated are described in the Grading Section below. Even low grades are worth $100 or more. In uncirculated condition the price is around $0.70 for coins with an MS-63RB grade. . 1936 Wheat Penny Value (Rare Errors, D, S & No Mint Mark), 1966 Half Dollar Value (Rare Errors & No Mint Mark). The wheat heads are not worn. These coins have the highest value among the regular ones at the highest grades. As we mentioned earlier, the coins obverse has a right-side profile of late president Abraham Lincoln at the center. Copyright 2007-2023 Daniel A. HarrisAll Rights Reserved, https://nnp.wustl.edu/library/publisherdetail/51. I have a 1951 s penny and 1982-1982D for sale. A noticeable difference is often the deciding factor between two coins and their appeal to a collector. Collectors place a premium on eye appeal as to the color and amount of toning. 1951 1C PR68 Sold on Oct 29, 2015 for: $5,875.00, Best Places to Sell Your 1951 Wheat Penny, 1958 Jefferson Nickel Value and Price chart. Judging condition and a further assessment of strike quality identifies an appealing coin. Looking closely at all examples, Lincoln's jaw line and cheek are without wear. 2) A proof 1956 Lincoln wheat cent that was struck for coin collectors and included in 1956 proof sets is worth $3 and up. He used a bust of Lincoln for the coins obverse design and two ears of wheat for the submission that the Mint would use. Though the damage on these Lincoln pennies is quite small and difficult to see with the naked eye, they do exist and are uncovered during the grading process. Here are the different 1951 wheat penny issues, how many 1951 pennies were made, and what theyre worth in uncirculated and proof condition: To determine the true value of your 1951 penny, you first need to know what condition (or grade) your coin is in. The repunched mintmark has a current record price for a wheat penny of $225 with an MS64 BN coin. So it might be helpful to wait for the next key Lincoln anniversary before you try offloading 1951 Cents. While you may not see many 1951 pennies in circulation today, nearly 1 billion were made. Mint state - uncirculated cents come in a complete range of toning. When you see FS on a coin, it could mean two things. A 1951 wheat penny with no mint mark is worth around $0.05 to $2.28. At first, Victor David Brenner used a design for the coins reverse that turned out to be borrowed from French silver coins. As usual, the San Francisco Mint produced fewer Lincoln Cents than the other two operating mints at the time, with 136,010,000 Pennies struck in 1951. In a more protected area, a less refined bow-tie is noted on the weak strike cent. ! Not all wheat cents are worth keeping, and preserving. Listings on the chart begin with date and mint mark variety. In extremely fine condition the value is around $0.25. Bright luster remains on the mint state 1951 penny image. All coins in this list however are. However, the red variety can go for as much as $7,000 for an MS-68 piece. If you do, weigh and measure the coin to confirm. Data from examples of sold 1951 wheat pennies show that they sell for way more than their theoretical value. As one would expect with such a number, 1951-D coins also have the most percentage of errors. Others are more interested in their investment value. Feature and profile details like hair strands have already worn off. Immediately to the left of the Presidents image will be a raised inscription which reads Liberty. Opposite the Liberty inscription will be one that marks the 1951 year of minting. Its written as D over D aka D/D and is worth $10 in AU 58. For more. The 1951 D wheat penny is worth around $0.10 in very fine condition. And if so, what would be the approximate value? He brought in commercial artists to get the job done, and they clashed a lot with mint experts. US Mint. Step 2: Grading Condition - Judge condition to determine grade. 1909 was about to mark the centennial anniversary of President Abraham Lincolns birth, who at that time was becoming a beloved icon among Americans. Grading is key to judgement. Detecting wear and condition by examining all parts of the coin's surface confirms a grade. Are you concerned the precious metals train has left the station without you. Preferences of collectors are towards nicer quality coins, value follows. The cent was 19.05mm in diameter and weighed 3.11g. Extremely Fine: A 1951 Lincoln penny that is determined to be of Extremely Fine grade is one that was likely never circulated, but might have a small flaw or two. This error happens when the D mintmark gets punched on the coin multiple times. The visual difference is due to a weaker strike. An MS-63 B can reach up to $2.28, but the red variety can easily reach north of $100, with an MS-67+ R reaching $8,500. The 1951 wheat penny had the same components of copper, tin, and zinc, with a weight of 3.11 grams and a diameter of 19mm.