The ever popular Lincoln wheat penny was first produced by the U.S. While the original edition pennies from 1909 can have significant collectable value, other editions of the Lincoln penny can be highly desired by coin collectors as well. A 1933-D, for example, may be valued at $2.30 or more. A 1931-S could be worth $40 or more. 1951 D Wheat Penny, 1914 D Wheat Penny, Unsearched Wheat Pennies Bags In Lincoln Wheat Small Cents (1909-1958), Penny Album Indiana Lincoln Wheat Small Cents (1909-1958), PCGS & CAC Lincoln Wheat Small Cents (1909-1958), Penny Holder Indiana Lincoln Wheat Small Cents (1909-1958), Circulated PCGS Lincoln Wheat Small Cents (1909-1958), MS 66 PCGS. The Lincoln penny was produced for many years, and is still being produced to this day. With that being said, there are a number of different types of Lincoln pennies that have been produced over the years. The 1958 Lincoln is especially valuable because it was the last year the Wheat Penny design was used. 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.
- 1958 Lincoln Wheat Pennies
Coin Info
1958 was the last year that Lincoln Wheat Pennies were minted, bringing to an end a coin that had been struck for 50 years and saw two world wars, the invention of the TV and computer, and sweeping social changes. However, Americans didn’t shed tears when the end of the Lincoln Wheat Penny was announced late in 1958, for the following year would debut the Lincoln Memorial Penny, which pays homage to the 150th anniversary (sesquicentennial) of Abraham Lincoln’s birth.
More than one billion Lincoln Pennies were minted in 1958, which falls right in line with one-cent coin production figures for almost every other year of the 1950s. Therefore, 1958 Lincoln Cents are not considered scarce in general terms, though they have fallen off in presence from circulation in recent years. Many continue to circulate, and you might find one through persistent checking of pocket change and searching through bank rolls. If you decide to buy 1958 Pennies from a coin dealer, you shouldn’t need to pay much more than 10 to 25 cents for a circulated example and $1 for a blazing uncirculated specimen. You could also buy a roll of uncirculated 1958 Pennies which usually sell for about $3 to $5 from many coin dealers. In addition to the Philadelphia Mint and Denver Mint strikes, don’t forget the 1958 proof Lincoln Penny; 875,652 were minted and sell for around $3 to $5.
Another interesting variety to note for 1958 is the doubled die obverse Lincoln Penny. These coins are incredibly rare – in fact, just two are known to exist, and the previously sold specimen traded hands for an unknown amount reported to be in the six figures.
Previous year: the 1957 Lincoln Wheat Penny
Other Years From This Coin Series
I have a 1968 Roosevelt no mint mark proof dime what is it worth can anyone help me
Ken MendiolaI have a 1958 D penny and the 'D' under the date is touching the 9 is this worth anything ? Actually I have two of them both are in between the 9 &5 1n 1958 with one touching,
James W RicheyIt sounds like a simple minting error. We do not have any knowledge of any 1958 D Wheat Pennies with an offset mintmark having any kind of extra value.
Coin ValuesHello I have one penny 1946. End like 5cebts 1949 1957 1960
Antonio Lemus1958 D Wheat Penny Ebay
I have the 1958 Lincoln wheat penny in condition. how much is that worth?
Cole JessicaLatest Blog Posts
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Lincoln Wheat Penny Overview
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.
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
1958 D Wheat Penny Error
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!