These coins have the highest value among the regular ones at the highest grades. Value is further refined by condition of a coin. You will mostly find the ones with the D mintmark from the Denver mint. Read more in our privacy policy. Collectors follow a step by step approach of examining: Date | Mint Mark | Condition. If you do, weigh and measure the coin to confirm. Source: USA CoinBook. Its worth $150 in MS 65 and can reach $600 in MS 67. A 1951 (P) No Mint Mark Wheat Penny graded MS 67 RD once sold for $10,350. How To Grade A Coin Yourself To Determine Its Value, Old Lincoln Cents You Can Still Find In Pocket Change, 43 Most Valuable Pennies Worth Holding Onto, Old Copper Pennies: Which Ones To Save & What Theyre Worth, 1982 Dime Value: See What A Rare 1982 No Mint Mark Dime Is Worth + The Value Of Other 1982 Dimes (Including Dime Errors! It had a smooth or plain edge without any reeds. If it occurs on the obverse, its a DDO but appearing on the reverse makes it a DDR. Real Experiences. In summary, this grade is the worst condition a coin can have and still be sellable. By the way, circulated 1951 Lincoln Wheat Pennies can be had for around 10 to 20 cents each while uncirculated examples start at around $3 each and up. However, some rarer varieties in excellent condition can sell for as much as $40+, including specific errors. It was designed by Victor David Brenner, ne Avigdor ben Gershon. Selling a few or many wheat pennies for the best value starts by separating the coins into "market categories" for consideration by the dealer. Im the Coin Editor here at TheFunTimesGuide. The most common errors are listed below. This 1951 (P) is thinner than normal, so it could be broad struck or it may have used a slimmer planchet. 1951 D Lincoln Wheat Penny Coin Value Prices, Photos & Info - USA Coin Book Old pennies are highly collectible, and 1951 wheat cents are no exception. Save my name, email, and website in this browser for the next time I comment. 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. And this second type is $30 in AU 53, $60 in MS 63, and $120 in MS 65RD. That was way back in 2006 though, and the coin sold at auction when demand was still quite high. Generally, the 1951 wheat penny is not a hard penny to find. Wear - removal of metal - is not indicated by toning. Its name is derived from President Abraham Lincoln, the first real person ever inscribed into a U.S. coin, and the second person found in a coin (the first being Lady Liberty). The grade of a coin shows how well it has been preserved. Check your pocket change for these rare pennies worth worth money! Important is to recognize there is no wear to the surface and all original texture is intact. Lets talk about how coins are made. In uncirculated condition the price is around $1 for coins with an MS-63RB grade. Check your inbox or spam folder to confirm your subscription. A focal point to both receiving wear and high in profile is Lincoln's cheek and jaw. 1882 Silver Dollar Value: are S, O, CC, No mint mark worth money? Contrast the shallow rim and rolled appearance into the lettering of the softly struck example. Since the sale goes to the highest bidder, the potential for how much you can sell your 1951 wheat penny becomes relatively high. We do not buy or sell precious metal. With a composition of 95% copper and 5% tin and zinc, the wheat penny has had several cases of altered components, yet its value remains the same. On the upside though, this error adds premium value to this coin. 1948 Wheat Penny Values - See If You Have A Valuable 1948 Penny + Rare Ive contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. BUY ANY 10 UNGRADED ITEMS AND RECEIVE A 10% DISCOUNT ! But chances are any of the Lincoln Wheat cents you've found in pocket . The mint mark, when present, can be found on the obverse side of the coin below the date. The current auction record is $10,350 for an MS-67 Red coin. Click here to Learn How to use Coin Price Charts. 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. Absolutely! But on an error coin, its a First Strike, meaning the error was validated within 30 days of the coins initial release. Lincoln Penny (1909-1958) Value | JM Bullion In such numbers, errors are bound to occur; the most notable came from the Denver mint. Also, click here to Learn About Grading Coins. The Lincoln design is one of the last withstanding coin designs minted by the US Mint in the Philadelphia, San Francisco, and Denver Mints. Lettering is clearly separated from the rim and sits flat on the field. Click here to Learn How to use Coin Price Charts. Rated as Abundant in numbers available, a special quality is needed to set a coin apart in value. Silverrecyclers.com is a participant in various affiliate programs, including the Amazon Services LLC Associates Program.This is an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon. Give special attention to Grading Condition. Are wheat pennies worth anything? | Most Valuable Wheat Cents Its written as D over D aka D/D and is worth $10 in AU 58. 1950 Wheat Penny Value. They include the coins grade, demand for it, its rarity or abundance, and whether it carries an error or not. The Philadelphia Mint made 284,576,000 Wheat Pennies in 1951, including proofs. Composition: 95% copper, 5% tin and zinc In addition to the links Ive included above, here aresome ofour otherarticles about wheat pennies, including the 1951 wheat penny: Stay up to date with everything about U.S Coins, We dont spam! Coins in this condition retain the best degree of details and features. It is crucial to try avoiding damaged or discolored units since they are without any value. These two areas must remain with no smoothing to the surface. As its name implies, this error causes a D impressing on the S of the wheat penny. For more coin tips give the video a. First is the bright luster 1951 cent, very little toning has occurred. He used a bust of Lincoln for the coins obverse design and two ears of wheat for the submission that the Mint would use. Any wheat penny is worth at least 4 cents to most dealers. Examples are quickly recognized as off color. Read on to find out how many 1941 Lincoln cents were made, what they're worth today, and whether you should keep them or spend them 1941 Penny Facts. A typical 1948 wheat cent with moderate to heavy wear (which pretty much describes most old pennies you'll find in pocket change) is worth 3 to 5 cents. These are rare pennies worth money. 1963 Dime Value: are D, No mint mark worth money? In extremely fine condition the value is around $0.30. Source: USA CoinBook. But in the past, a 1951 (P) without a mint mark has sold for as much as $10,350! ! Behind the late presidents profile, you will see the word LIBERTY, and the sentence IN GOD WE TRUST lies engraved along the coins top. 1951 Quarter Value: are D, S, No mint mark worth money? However, while Saint-Gaudens completed designs for the eagles, he couldnt submit an approved design for the cent before his death in 1907. While you may not see many 1951 pennies in circulation today, nearly 1 billion were made. Either way, the mint mark influences the value of the coin, so lets take a look to see the mintage figures, approximate selling prices, and other location-related facts. Their mint marks appear on the obverse, right under the date. Step one is identify and confirm the mint that struck the coin. If you are talking about collectors, the biggest thing that must be taken into consideration is the condition a coin is in. The Lincoln wheat penny coins are made of 95% copper, and so the coins are subject to the same reactions that copper undergoes when exposed to the atmosphere. 1950 WHEAT PENNY VALUE - RARE PENNY COINS TO LOOK FOR IN - YouTube When the coins copper starts to oxidize, certain parts of the coin start to turn brown. Then-President Theodore Roosevelt wanted to honor his fellow Republican so he enlisted the help of Victor David Brenner, who had designed a plaque of Lincoln before, for the design of the cent. However, almost all of those surviving pieces are of lower grades, with only around 5,000 pieces that are above 60 grade. Copyright 2023 JM Bullion. 1951 Lincoln (Wheat) Penny Value | JM Bullion Collectors place a premium on eye appeal as to the color and amount of toning. A 1951-D Wheat Penny graded MS 67 RD sold for just $312. This mint struck the highest number of 1951 wheat pennies, and with how well they circulated, you will have no trouble locating one decades after. The error is not readily seen, but you can check the D mint mark and look for some extra impressions that offset the supposed design. Stages of wear are identified and a grade is determined. Here's how much 1952 wheat pennies are worth today: Any regular 1952 penny that has wear but does not exhibit errors or contain die varieties 3 cents to 10 cents A 1952 no mintmark penny that is uncirculated, or in Mint State condition 75 cents or more A 1952-D penny that is uncirculated, or Mint State 75 cents or more A good indication of moderated wear is the flat and level surface now displayed along the jaw and cheek. Reading the value chart shows the increase in desirability of higher condition coins. It sold for $6,600 in January 2020. Despite their low mintage, gem examples are plentiful until MS-67. Most circulated coins will have enough time and exposure to oxidize their entire surface. Uncirculated: If a coin is determined to be of Uncirculated grade, this means that it has never spent any time on the open market. To make a working die, a working hub has to strike it two or more times. Have a 1951 wheat penny and want to know how much its worth? Average Circulated Condition: Starting in the mid 1940's through the end of the wheat series in 1958, circulated pennies worn below the extremely fine grade are considered average circulated quality. We look at the 1950 penny worth money. This condition is the best a coin can have in circulated form. Such uncirculated specimens are always worth the extra work of looking for, and will pay off in terms of eye appeal and eventual resale value. Worn 1951 wheat pennies are generally worth less than 25 cents. And red coins command higher prices than red-brown examples, which in turn are generally more desirable than brown coins. Rare coins cost more because they are limited in availability for collectors. Extremely fine- There is only slight wear on the coin. Uncirculated coins with a grade of MS-65RB can sell for around $3. In fact, Uncirculated Lincoln pennies will be without flaw. There are quite a lot of errors on the 1951 penny. Because the coin was never traded or exchanged, most of the damage associated with circulated coins will not be present. Coins with specific errors are not common, even for a series with high mintage. On the upside, the 1951 wheat pennies with errors have a higher value than the regular because they are not as common. The chart further narrows value by the condition of the coin. Now lets review one that appears on the 1951-D Wheat Penny. While you wont be able to distinguish intricate features like Lincolns hair strands, other facial features like his jaw retain more details. Coins have tons of details, and most of them are machined onto the planchet. Its a crucial coin feature because hubs and dies are extremely expensive! 1951-D Lincoln Cent, MS68 Sold on Jan 8, 2020 for: $6,600.00, 5. Ive authored nearly 1,000 articles here at The Fun Times Guide to Coins (many of them with over 50K shares), and I welcome your coin questions in the comments below! All Rights Reserved. Are wheat pennies worth anything? 1951 Wheat Penny Value: How Much Is It Worth Today? In circulated condition, this grade indicates that the coin shows heavy damage. With one in extremely fine condition selling for around $0.05, it falls in the category of low-value coins. Youll find that most errors are present on the 1951 D pennies. Its mint mark is an S struck under the coins production year on the obverse. However, with enough looking through pocket change or coin rolls, you may find a valuable 1951 wheat penny for face value Yep, just one cent! If there is a D mint mark, it was minted in Denver. The hub and die are interchanged to make a working hub and a set of working dies, and these dies eventually make business strike coins. Real People. Steps Leading to Value: Step 1: Date and Mintmark Variety - Identify each date and its mintmark variety. How Much Is A 1951 Penny Worth? If You Have A 1951-D Wheat Penny Or A Date and mintmark collecting places a slightly higher value for the "S" mint cents. At first, Victor David Brenner used a design for the coins reverse that turned out to be borrowed from French silver coins. Whether its many coins, or just your 1951 cent, judging each individually is important to an accurate value. Similar to your 1920 penny, your 1951 penny is also worth a few cents in circulated condition. 7 Rare Wheat Pennies To Collect & What Theyre Worth Today, This 1982 Copper Penny Is Worth $10,000! These are usually worth a significant premium. The reason is mainly because of the high mintage, which sits at around 1.04 billion. 1925 Stone Mountain Half Dollar Value: are they worth money? And that means they're still available in relatively high numbers today. In extremely fine condition the value is around $0.12. Confirming a higher quality is the raised rim on the well struck penny. The artist makes a sketch, then creates a master mold from rubber, plaster, and epoxy. Depending on the error, they can fetch quite the amount. Substantially more were produced at the Denver Mint that year 625,355,000. Related Post: 16 Most Valuable Wheat Penny Errors In Circulation. Most coins in this category werent exchanging hands as often as the others. 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. However, the red variety can go for as much as $7,000 for an MS-68 piece. The Lincoln penny is also the first penny coin to have the motto In God We Trust inscribed on them. This cent is distinctive because the letter "D" appears on the back, signifying that it was produced at the Denver Mint. Tilt the coin at an angle to the light and a fine texture is visible indicating an unworn surface. Even modern post-1982 pennies have a solid coat of copper over their zinc innards. With one in extremely fine condition selling for around $0.05, it falls in the category of low-value coins. When the coin retains at least 90% of this original color, coin collectors categorize them as a red (RD) wheat penny. This refers to the level at which collectors acquire a coin. 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. 1916 S Wheat Penny. A circulated 1951-D penny is considered above average if lightly worn and crisp in definition. By creating an account, you are agreeing to the Terms of Service and the Privacy Policy. The color is red-brown. While 1951 Pennies are common across the board in circulated grades and in nearly all Mint State grades, there is always the challenge of finding pristine examples that are free of spots and donning their original color. MS-65RB gem uncirculated- There is strong luster and eye appeal. 2000 Quarter Value: are P, D, S mint mark worth money? 1951 S Wheat Penny Type: Lincoln Wheat Cent Edge: Plain Mint mark: S Place of minting: San Francisco Year of minting: 1951 Face value: $0.01 $ price: $0.05 to $4,230 Quantity produced: 136,010,000 Designer: Victor D. Brenner Real Helpful. It's fairly easy to find 1941 wheat pennies in circulation these days. The 1951 wheat penny coins are also graded according to their colors. Below is a complete list of values for every wheat penny made, save two. Value: The value ranges from $1.25 to about $900. A 1931-S could be worth $40 or more. 1951 S Lincoln Wheat Penny Coin Value Prices, Photos & Info - USA Coin Book Grading is key to judgement. While finding a 1951 wheat penny with an MS70 grade is quite challenging, finding it will fetch a higher price than other regular 1951 wheat pennies with lesser grades. Below is a chart outlining the different values associated with 1951 Lincoln pennies of different types and grades. The repunched mintmark has a current record price for a wheat penny of $225 with an MS64 BN coin. Is that rare? The current record price for a wheat penny with this error is $225 with an MS64 BN coin. Old wheat pennies turn up in pocket change from time to time. Another option is to make use of Online PlatformsandAuctions. 1951 1C MS67 Sold on Jan 4, 2006 for: $10,350.00, 3. 1949 Wheat Penny. In extremely fine condition the value is around $0.25. This error plus the melt value made this coin sell for $750 in 2019. Lincoln Wheat Penny (1909-1958): Values & Key Dates - Gainesville Coins The reverse (tails side) of the 1951 Wheat Penny has a pair of durum wheat stalks placed next to the edges of the coin. In uncirculated condition the price is around $1 for coins with an MS-63RB grade. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); 1951 Wheat Penny Value: Are D, S, No Mint Mark Worth Money? How Much is a 1951 Wheat Penny Worth? - tokok.com Others prefer to buy a full set with one specimen from each mint in that particular year. This ended up with a significant loss of details on the coins. The cent was 19.05mm in diameter and weighed 3.11g. A freshly-minted wheat penny will have a lustrous reddish-orange color. Red is considered the most valuable, while Brown is not as valued, due to it being heavily circulated. At the shoulder cut-off are the initials VDB for Victor David Brenner, the designer. However, some of these pennies are not as common as the others. The next 100 or so are Cameos. The error is worth $20 in AU 53 and $100 in MS 65 RD. Its not worth much, but in VF 25, this penny sold for $30 in 2008, and thats still more than 1c! The color categories are Red, Red-Brown, and Brown. The 1951 S wheat penny is worth around $0.25 in very fine condition. Contemporary proof coins are exclusively made at the San Francisco Mint, but until the late 1960s, they were made at the Philadelphia Mint and didnt have any mint marks.