SilverRecyclers.com is not a dealer or refiner. The wheat penny series remain the most popular one-cent coin, and it circulated for an impressive 49-year period. This comment was minimized by the moderator on the site, To My Young Brothers & Sisters at Reddit & Elsewhere. No collector wants to get their hands on a worn, tattered Lincoln penny, and for this reason you will notice that most pieces have been graded. Another option is to make use of Online PlatformsandAuctions. 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. Extremely fine grade wheat pennies are sought by collectors and are a nice affordable collection. 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. Value: This penny is worth anywhere from 75 cents to as much as $900. Its a crucial coin feature because hubs and dies are extremely expensive! Detecting wear and condition by examining all parts of the coin's surface confirms a grade. And if so, what would be the approximate 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. Many hobbyists add 1951 pennies to their Lincoln cent collections such as old wheat penny sets spanning the years 1909 through 1958. Youll find that most errors are present on the 1951 D pennies. 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. If you decide to spend $5 more, you can get a beautiful and complete Lincoln penny set with a high grade. Looking closely at all examples, Lincoln's jaw line and cheek are without wear. The coin's luster might not be as prominent. Value: The value ranges from $1.25 to about $900. Uncirculated coins with a grade of MS-65RB can sell for around $3. And that means they're still available in relatively high numbers today. Come along and join me on this exciting journey by subscribing right now as we look at the most valuable collectibles and rare coins to look for.MUSIC USED ON CHANNEL CREATED BY: Alan Walker, Kevin MacLeod, Marcus, Maxzwell, Doc Hollywood, Breakfast at Tiffanys Instrumental, Party Drug Instrumental, Partner In Crime Instrumental.DISCLAIMER: Some non affiliate links may have been used throughout the video creation process of this content.#Coins #Penny Below is a complete list of values for every wheat penny made, save two. Copyright 2023 JM Bullion. The 1951 S wheat penny is worth around $0.25 in very fine condition. Coins in this condition retain the best degree of details and features. 1920 S Wheat Penny. The current auction record is $4,230 for an MS67+ RD coin. For now, lets accurately assess the most recent 1951 Wheat Penny Value. Earlier, we looked at a DDO on the 1951 (P) Wheat Penny. Related Post: 16 Most Valuable Wheat Penny Errors In Circulation. Wish I could find out! If there is an S mint mark, it was minted in San Francisco. Preservation of devices, legends, and fields are inspected as to condition. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); I have a 1951 wheat penny D mark that the center of the C is missing in America something is going on in the hair of Lincoln there are letters that appear in it I am wondering if anyone can help I would love to show a picture, @robin, I have a 1951 D not so red as my other but there is a capital IS in his hair above his ear i didn't see it until i moved my light back and forth and it was clear as day have you heard of such a defect. While this may mean a relative small number of die varieties to keep an eye out for, it also signifies the fact that collecting Pennies from the 1950s is a breeze with the exception of the 1955 doubled die Lincoln cent. In 1909, there were only 284,000 1909 S VDB wheat pennies produced. It sold for $6,600 in January 2020. Im also the editor at the Florida United Numismatists Club (FUN Topics magazine), and author of Images of America: The United States Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). Also, it is pretty convenient to create an account on these platforms and upload pictures of your coin. Proof Coins can be Worth $75 or more. One of the inscriptions reads United States of America while the other marks the One Cent face value. An old copper coin with wear is expected to have a shade of brown toning. 1951-D Lincoln Cent, MS68 Sold on Jan 8, 2020 for: $6,600.00, 5. Important is to recognize there is no wear to the surface and all original texture is intact. Here's a look at how many 1950 pennies were made at each of the United States Mint facilities and how much circulated 1950 wheat pennies are worth today: 1950 penny with no mintmark (Philadelphia): 272,635,000 minted; Value: 3 to 15+ cents 1950-D penny (Denver): 334,950,000 minted; Value: 3 to 15+ cents 1951 Quarter Value: are D, S, No mint mark worth money? Coin Values Moving with Precious Metals: Up-Dated 5/1/2023: Gold $1986 | Silver $25.13. Old wheat pennies turn up in pocket change from time to time. Large supplies and surviving numbers places these as Abundant on the rarity scale. Above eye brow and forehead. Even low grades are worth $100 or more. Its mint mark is an S struck under the coins production year on the obverse. 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. By creating an account, you are agreeing to the Terms of Service and the Privacy Policy. Although every production run has several errors, we have picked out the three most common ones in 1951 wheat pennies. All Rights Reserved. How to Reap the Best Value When Selling Wheat Pennies. This 1951 (P) is thinner than normal, so it could be broad struck or it may have used a slimmer planchet. Other rare and valuable 1951 pennies are those that contain errors and varieties, such as: The record price for any 1951 penny was $10,350 paid in 2006 for a Mint State-67 Red specimen with original, freshly minted reddish-orange color. 1951 was also a significant year for numismatics since this was the second year since the end of the war that the government made proof pennies once again. Strike quality varies among wheat pennies. How much is a 1951 Wheat Penny worth? Today, we will be talking about the 1951-D penny that can be worth much more than a few cents due to a small error, variety, or abnormality found on a select few of the coins. Most of those surviving pieces are also brown, instead of the more valuable red-brown and red varieties. The most common errors are listed below. The raised border of the coin is called the collar, and the rims are called edges. 1936 Wheat Penny Value (Rare Errors, D, S & No Mint Mark), 1966 Half Dollar Value (Rare Errors & No Mint Mark). Barber had designed the previous dimes, quarters, and half dollars. With popularity of collecting the wheat series and including all date and mint combinations, demand exist for these. The mint mark of a 1951 wheat penny is found on the obverse (the front of the coin). The highest known grade so far is a 1951-D in MS 68 RD. 2010 - 2023 USA Coin Book. There are websites where you can sell your coin and have anyone interested bid on it. The next 100 or so are Cameos. History of the Lincoln Wheat Cent . 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. In uncirculated condition the price is around $0.70 for coins with an MS-63RB grade. Year: 1951 Contact marks and abrasions from other coins is often found on the cheek and jaw however these are not considered wear. Are you concerned the precious metals train has left the station without you. The Lincoln design is one of the last withstanding coin designs minted by the US Mint in the Philadelphia, San Francisco, and Denver Mints. A Proof Coin is minted with exceptional clarity and detail. This value is strictly based on the coins grade and desirability (amount minted) and doesn't take current copper spot prices into account as these coins are made of 95% copper ( except for the 1943 PS&D steel Wheat Penny) and copper prices are based upon the economy and . But even in lower grades, certain errors are quite valuable, so lets check some out. Many doubled die errors are not particularly obvious to the naked eye, with some only seen through a microscope. 1958 Wheat Penny Value: are D, No mint mark worth money? The mint mark, when present, can be found on the obverse side of the coin below the date. It is crucial to try avoiding damaged or discolored units since they are without any value. This grade exists for uncirculated coins that have never been spent, and it spans MS 60 MS 70. Give special attention to Grading Condition. Enter your email address and we will send you a link to reset your password. A 1951 wheat penny wont fetch much because it is common and easy to come by. 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. These are usually worth a significant premium. I have a 1951 s penny and 1982-1982D for sale. Wheat pennies are not just described through the usual categories. The US minted the 1951 wheat penny with no mint mark and also the 1951 D wheat penny and 1951 S wheat penny. In uncirculated condition the price is around $1 for coins with an MS-63RB grade. A coins mintage affects its rarity and that, in turn, affects its value. 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. Contrast the shallow rim and rolled appearance into the lettering of the softly struck example. Now lets look at the individual features of the 1951 Wheat Penny. When you see FS on a coin, it could mean two things. When President Theodore Roosevelt took steps in 1904 to make several United States coins more artistic and aesthetically pleasing, he sought to hire Augustus Saint-Gaudensto redesign the cent, the double eagle, eagle, half eagle, and quarter eagle. These are rare pennies worth money. Step 3: Special Qualities - Certain elements either enhance or detract from value. Although most people choose this option for low-value coins and some quick cash, the figures we provided showed that you could get a significantly higher price. The Lincoln penny is also called the wheat penny because of the ears of durum wheat present on the reverse of the coin. BUY ANY 10 UNGRADED ITEMS AND RECEIVE A 10% DISCOUNT ! The current auction record is $10,350 for a 1951 P MS-67 Red coin. But recent sales are much lower. 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. Lincoln wheat cents are inspected for three main features: Date | Mint Mark | Condition When viewing the chart. But in 1904, President Theodore Roosevelt asked the mint to start making elaborate coins that had higher artistic merit. Only the first 50 to 100 coins come out as DCAM or U-CAM. Their mint marks appear on the obverse, right under the date. This mold is called a Galvano, and its used to make the master hub, which then makes the master die. Extremely Fine Grade: After a coin is used for a short time a small amount of metal is worn away defining an extremely fine grade wheat cent. The same way other factors influence a coins value, where you choose to sell it also plays a role in how much you will get for it. I primarily collect and study U.S. coins produced during the 20th century. Step one is identify and confirm the mint that struck the coin. 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. Although market prices have eased over the last few years, this renewed interest has kept values and prices pretty stable over time. Ive contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. $0.01 USD Mintage 1,045,941,000 More than one billion Lincoln Wheat Pennies were struck in 1951, which means one-cent coins from that year are still very common today. Most Valuable Quarters: A List Of Silver Quarters & Other Rare Quarters You Should Hold Onto! It sold for $6,600 in January 2020. Finally, arching overtop of the reverse is the Latin phrase E Pluribus Unum.. ! A 1951 wheat penny won't fetch much because it is common and easy to come by. In extremely fine condition the value is around $0.12. A 1951 wheat penny with no mint mark is worth around $0.05 to $2.28. Is that rare? In MS 67 RD, a 1951-S Wheat Penny is over $4,200. The 1951 wheat penny coin is part of the series called the Lincoln wheat cent. A step by step method is followed to determine how much these old wheat pennies are worth. The obverse (heads side) of the 1951 Wheat Penny has a profile of Abraham Lincoln facing right. These specimens are highly prized by many collectors, and most high-grade coins will be usually given this classification. The 1951-D Lincoln penny repunched mintmark error occurs when the letter punch used for the mint mark leaves two or more offset impressions. Collectors follow a step by step approach of examining: Date | Mint Mark | Condition. Total Weight: 3.11 grams. 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. Uncirculated coins with a grade of MS-65RB can sell for around $2. Image Credit: pcgs. Theyre also found in coin jars, old coin collections, estates, and other places. The 1951 Wheat Penny is worth $0.05 in fine condition and can be worth $0.79 to $2.28 or more in its uncirculated (MS+) mint condition. looking for advice. Its written as D over D aka D/D and is worth $10 in AU 58. 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. Coins with specific errors are not common, even for a series with high mintage. When the coins copper starts to oxidize, certain parts of the coin start to turn brown. A 1941 red proof penny graded PR67 is worth around $5,400. Save my name, email, and website in this browser for the next time I comment. Most 1951 wheat penny coin errors are found on Denver-minted coins, given that they produced the most coins. Value: The value of this penny ranges from $1.95 to around $850. Production of wheat pennies, all varieties combined, was the 10th highest in 1951. A freshly-minted wheat penny will have a lustrous reddish-orange color. A close inspection of overall appearance and noting well defined features of Lincoln holds potential. Generally, the 1951 wheat penny is not a hard penny to find. This will help a potential bidder identify it quickly. He used a bust of Lincoln for the coins obverse design and two ears of wheat for the submission that the Mint would use. However, while Saint-Gaudens completed designs for the eagles, he couldnt submit an approved design for the cent before his death in 1907. Click here to Learn How to use Coin Price Charts, Click here to see the Melt Value of every US Coin, 1951-S Lincoln Cent MS-63 (Choice BU) Red Brown, 1951-S RED- Uncirculated Lincoln Wheat Cent BU ( 001), 1951-S BU RED GEM BU Lincoln Wheat Cent (H-002), 33 - 1951 - S LINCOLN CENTS -- VERY GOOD -- FINE, 2 - 1951 - S LINCOLN CENTS -- VERY FINE, 1951-S Gem BU Lincoln Wheat Cent (E-547 ), 1951-S Gem BU Lincoln Wheat Cent (E-506 ), 1951-S Gem BU RED Lincoln Wheat Cent (E-505). Many examples from the 1950's still remain very bright with original color. 1921 S Wheat Penny. Use a coin microscope to check. The color is red-brown. As we mentioned earlier, the coins obverse has a right-side profile of late president Abraham Lincoln at the center. Light wear seen on the tops of design elements identifies the grade. A 1951-D Wheat Penny graded MS 67 RD sold for just $312. Despite the original rolls having been saved, MS-67 grade coins are still relatively rare. Are wheat pennies worth anything? Below is a chart outlining the different values associated with 1951 Lincoln pennies of different types and grades. The grade of a coin shows how well it has been preserved. You can take a look below the date mark. Second example was cleaned using a heavy touch, likely attempting to remove debris. This coin also had the highest mintage for any Denver Mint cent to date, and these coins were considered to be very well-made and preserved in original rolls. This refers to the level at which collectors acquire a coin. All Rights Reserved. These two areas must remain with no smoothing to the surface. There are many 1951 pennies that were incorrectly struck. My love for coins began when I was 11 years old. Just below are images to locate any possible mint mark. Check your pocket change for these rare pennies worth worth money! Collectors having many to choose from, seek eye pleasing examples. If there is no mint mark, it means that the coin was minted in Philadelphia. We look at the 1951 penny value and errors coins to look for. But remember, this is a Proof Penny coined at the Philadelphia Mint, and their conditions arent as stringent as San Francisco, especially back in the 1950s. Steps Leading to Value: Step 1: Date and Mintmark Variety - Identify each date and its mintmark variety. Note that this error was not because of double-striking the die into the coin, because the first design would need to have been flattened. It's fairly easy to find 1941 wheat pennies in circulation these days. A softer, less defined amount of detail was struck into one coin. Any words on the coins are called mottos or legends. Recognize your old coins using the image links leading to value charts. The color is red-brown. PCGS appraised it at $8,000, though it wasnt sold. . Its not worth much, but in VF 25, this penny sold for $30 in 2008, and thats still more than 1c! It had a smooth or plain edge without any reeds. All of the details are sharp. Fine: A coin that is determined to be Fine was likely circulated for a bit of time. Date and mintmark collecting places a slightly higher value for the "S" mint cents. So it might be helpful to wait for the next key Lincoln anniversary before you try offloading 1951 Cents. The error is worth $20 in AU 53 and $100 in MS 65 RD. The Denver facility struck 625,355,000coins, giving it the highest mintage of the three mints. More than one billion Lincoln Wheat Pennies were struck in 1951, which means one-cent coins from that year are still very common today.
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