Mint Marks As illustrated in the photo in the link below, the mint mark is located on the obverse of the coin, just below the date. Lincoln wheat pennies were produced at three different mints: Philadelphia (no mint mark), Denver (D) and San Francisco (S).
How much is a mint condition wheat penny worth?
Although a wheat penny’s face value is one cent, all wheat pennies are worth more than their face value. Even those in poor condition are worth at least 3 or 4 cents, and some can be worth six figures. Most wheat pennies in good condition will be worth about $10 on average and are fairly easy to find and purchase.
How much is a mint condition 1958 wheat penny worth?
CoinTrackers.com has estimated the 1958 Wheat Penny value at an average of 15 cents, one in certified mint state (MS+) could be worth $5.
Are 1958 wheat pennies rare?
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.
Where are the mint marks on a Lincoln wheat penny?
If your coin looks similar to the one illustrated in the link below and has no evidence of wear due to being in circulation, it is considered an uncirculated coin. Mint Marks. As illustrated in the photo in the link below, the mint mark is located on the obverse of the coin, just below the date.
How can you tell the value of a wheat penny?
In the case of the Wheat Penny, we have three possibilities. How to determine the value of Wheat Pennies. We need to look at the small lettering just below the year embossment. If it doesn’t have any letters, it was minted at the main Philadelphia Mint. If we find an S, it was coined in San Francisco. If we find a D, then Denver is its origin.
What does it mean when there is no mint mark on a penny?
If the date of a US coin is written without a mintmark, it means that the coin has no mintmark and was (usually) minted in Philadelphia. Also to know is, are pennies without a mint mark valuable?
Why was the wheat penny removed from circulation?
They were later removed because citizens felt it was disrespectful. |. The wheat penny was an American coin designed by the U.S. Mint from 1909 to 1958. The front of the coin features a portrait of Abraham Lincoln. The back of the coin has “ONE CENT” surrounded by wheat stalks on either side.
