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. The Lincoln Wheat Penny was part of this project. In front of the profile, you will find the coins production year, which is 1951 in this case. 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. Chances are, there are several other 1951 penny errors yet to be discovered by collectors. Theyre positioned to frame the three legends that appear at the center of the coin, so E Pluribus Unum runs along the top, between the tips of the two wheat stalks. And this difference in perspective applies to coin designers as well. Behind the late presidents profile, you will see the word LIBERTY, and the sentence IN GOD WE TRUST lies engraved along the coins top. In December 2022, the average 1951 Wheat Penny is barely worth $5 even in MS 65. It was $195 in MS 63RB in 2019. 1951 1C PR67 Sold on Jan 6, 2011 for: $15,076.50, 2. stunning wheat penny, priced to sell - NGC listed for $55. The cent was 19.05mm in diameter and weighed 3.11g. Below is a chart outlining the different values associated with 1951 Lincoln pennies of different types and grades. Pleasing bright luster is valued high and toning either enhances or detracts. In such cases, a new mint mark is placed over the previous one, but you can often see the earlier one peeking through. MS60 Red/Brown UNC , 1951-D Gem BU RED Lincoln Wheat Cent (003), 1951-D BU RED GEM BU Lincoln Wheat Cent (H-013), 1951 D Lincoln Wheat Cent #1 Die Clash Obverse & Reverse, 4 Pennies from 1950-1955 all UnC-BU 1950 D, 1951D, 1952D, and 1955S, 6 Pennies from 1950-1955 all UnC-BU 1950 D, 1951D, 1952D, 1954, 1954 S and 1955S, 6 Pennies from 1950-1955 all BU 1950 D, 1951D, 1952D, 1953D, 1954, and 1955S, 5 - 1951 - D Lincoln Cents -- EXTRA FINE, 1951-D Gem BU RED Lincoln Wheat Cent (523-B ). Coins in this condition retain the best degree of details and features. Very fine- Lincoln's jawbone and cheekbone are worn but still separated. Check your inbox or spam folder to confirm your subscription. 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. 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. Confirming a higher quality is the raised rim on the well struck penny. The Lincoln design is one of the last withstanding coin designs minted by the US Mint in the Philadelphia, San Francisco, and Denver Mints. For now, lets accurately assess the most recent 1951 Wheat Penny Value. Also, click here to Learn About Grading Coins. The US minted the 1951 wheat penny with no mint mark and also the 1951 D wheat penny and 1951 S wheat penny. This error is common in every mint run and mainly causes doubled words on the coin. I'm sharing this collecting experience with others through educational videos on YouTube. These specimens are highly prized by many collectors, and most high-grade coins will be usually given this classification. A Pfennig is 100th of a Deutschmark in the same way that a penny is 100th of a dollar. The 1951 wheat penny with no mint mark is worth around $0.10 in very fine condition. By 1952, the mint made almost 37 billion Lincoln Wheat cents. 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. Along the left and right outer edges you will see two single stalks of wheat, which is how the penny got its Wheat Penny nickname. 1909 was about to mark the centennial anniversary of President Abraham Lincolns birth, who at that time was becoming a beloved icon among Americans. No mention in this article about this error and what it's worth. Luckily, you have this one-stop shop for all things about the 1951 wheat penny value. With this higher count, they also have a higher survival count of around 62 million. Its mint mark is an S struck under the coins production year on the obverse. Given the popularity of collecting Lincoln Wheat cents, there will always be a demand for quality coins. Similar to your 1920 penny, your 1951 penny is also worth a few cents in circulated condition. Uncirculated coins with a grade of MS-65RB can sell for around $3. 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. We will show. Examples are quickly recognized as off color. To make a working die, a working hub has to strike it two or more times. 1882 Silver Dollar Value: are S, O, CC, No mint mark worth money? 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! These areas were ounce rounded and high relief. 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. 136,010,000 produced contributes to ample supplies. Apart from Wartime Pennies that were zinc-coated steel, a penny from any year should have distinct copper toning. And his disputes with Chief Mint Engraver Charles Barber led to his initials being taken off his coin from 1910 to 1917, even though the penny was in popular use from 1909 to 1959! A crisp, evenly toned, lightly circulated 1951-S with a quality strike is preferred. As with mint state coins, their value depends on their grade. You will mostly find the ones with the D mintmark from the Denver mint. The right side of the coin has the mint date, with the mint mark right below it. 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 The raised border of the coin is called the collar, and the rims are called edges. Extremely fine grade wheat pennies are sought by collectors and are a nice affordable collection. When about 10% to 90% of the coin still has a red color, the coin would be graded as a red-brown (RB) coin. From deep scratches to the complete smoothing away of some of the raised imagery and lettering, these coins will show plenty of signs of their heavy circulation. Earlier, we looked at a DDO on the 1951 (P) Wheat Penny. Real Experiences. 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. Uncirculated coins with a grade of MS-65RB can sell for around $3. MS-63RB choice uncirculated- In the major focal areas there are some blemishes or contact marks. While it loosely covers several more detailed grades, it generally indicates that the coin retains many features and details. This simply means coins with higher mintage are more common to find, reducing their value. Some newbies have noted that the Pre-Euro German Pfennig coin looks a lot like the American Wheat Penny. 1951 (P) Proof Wheat Penny Value Image: pcgs A Proof Coin is minted with exceptional clarity and detail. Collectors will sometimes focus on a specific mint mark, targeting all the coins made in that mint over several years. The current auction record is $6,600 for an MS-68 RD coin. From deep scratches to the complete smoothing away of some of the raised imagery and lettering, these coins will show plenty of signs of their heavy circulation. For one, because there were up to 3 different types of Lincoln pennies produced each year, the exact type will have major bearing on its value. There were 57,500 proof coins minted. Source: USA CoinBook. The next 100 or so are Cameos. 1951 Quarter Value: are D, S, No mint mark worth money? As we saw above, 1951 Wheat Pennies in high mint states can sometimes be worth thousands of dollars. 1951 Half Dollar Value: are D, S, No mint mark worth money? WHEAT PENNY ) Lincoln's portrait is filled with both major and subtle detail. More than one billion Lincoln Wheat Pennies were struck in 1951, which means one-cent coins from that year are still very common today. Examples of relevant websites include eBay, Heritage Auctions, and Etsy. Not all wheat cents are worth keeping, and preserving. In circulated condition, this grade indicates that the coin shows heavy damage. These coins have the highest value among the regular ones at the highest grades. They all had the D Mint Mark. As expected, they also have the most value among circulated coins. Type: Wheat Penny looking for advice. 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. But recent sales are much lower. Wish I could find out! PCGS appraised it at $8,000, though it wasnt sold. The 1951 D wheat penny had the highest mintage at over 600 million, and 62 million survived. Contact marks and abrasions from other coins is often found on the cheek and jaw however these are not considered wear. 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. 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. If there is no mint mark, it means that the coin was minted in Philadelphia. Lincoln's portrait is high in profile and subject to wear. Depending on the error, they can fetch quite the amount. Value chart spans the Wheat design years 1909 through 1958 of Lincoln cents. In uncirculated condition the price is around $1 for coins with an MS-63RB grade. Three Mints struck the 1951 wheat penny, with the Denver mint striking the highest number. A couple precautions helps preserve the future condition of the coin. As values climb higher many additional factors are used to decide the grade and worth. However, some rarer varieties in excellent condition can sell for as much as $40+, including specific errors. Lettering is clearly separated from the rim and sits flat on the field. Related Post: 16 Most Valuable Wheat Penny Errors In Circulation. You can check the YouTube video below to see how to grade these coins. Now lets review one that appears on the 1951-D Wheat Penny. In 1951, the Philadelphia Mint made 57,500 Proof Pennies. Generally, collectors value them more because of their rarity and uniqueness. Rare penny coins to look for in pocket change. Contrast the shallow rim and rolled appearance into the lettering of the softly struck example. Step one is identify and confirm the mint that struck the coin. Lincoln Pennies were struck at all three mints operating in 1951. Colors of Mint State Grade Wheat Penny: Viewing the line of pennies shows the various colors and toning a mint state penny develops. Copyright 2007-2023 Daniel A. HarrisAll Rights Reserved, https://nnp.wustl.edu/library/publisherdetail/51. By creating an account, you are agreeing to the Terms of Service and the Privacy Policy. The Lincoln penny is also called the wheat penny because of the ears of durum wheat present on the reverse of the coin. Judging condition and a further assessment of strike quality identifies an appealing coin. My other coin collecting videos are on Couch Collect. They include the coins grade, demand for it, its rarity or abundance, and whether it carries an error or not. 1951 Wheat Penny Value (Rare Errors, D, S & No Mint Mark), 19 Valuable Lincoln Memorial Penny Worth Money, 19 Most Valuable Wheat Pennies Worth Money, 1972 Penny Value Guides (Rare Errors, D, S, and No Mint Mark), 1973 Penny Value Guides (Rare Errors, D, S and No Mint Mark), 1963 Penny Value Guides (Rare Errors, D and No Mint Mark), 1976 Penny Value Guides (Rare Errors, D, S and No Mint Mark), 1971 Penny Value Guides (Rare Errors, D, S and No Mint Mark), 1988 Penny Value Guides (Rare Errors, D, S & No Mint Mark), 1953 Wheat Penny Value (Rare Errors, D, S & No Mint Marks), 1877 Indian Head Penny Value (Rare Errors & No Mint Marks), 1959 Half Dollar Value (Rare Errors, D & No Mint Marks), 1916 Barber & Mercury Dime Value (Rare Errors, D, S & No Mint Marks), 2004 Nickel Value (Rare Errors, D & No Mint Marks), 1969 Dime Value (Rare Errors, D, S & No Mint Marks), 1925 Penny Value (Rare Errors, D, S & No Mint Marks). Youll find that most errors are present on the 1951 D pennies. This example is notable for mark free surfaces. A focal point to both receiving wear and high in profile is Lincoln's cheek and jaw. How much is a 1967 Kennedy Half Dollar Worth? That is why most of their features havent worn off as badly as those in previous grades. Many examples from the 1950's still remain very bright with original color. This does not include common mistakes but refers to unique errors. Unfortunately, the San Francisco Mint ran its dies too long, which they had to repolish too much. All Rights Reserved. The US Mint later hired Victor David Brenner to design the cent because of his work on a Lincoln plaque he did in 1907. Copper reacts to most elements. Red is considered the most valuable, while Brown is not as valued, due to it being heavily circulated. But that was over 15 years ago at the time were writing this, since the auction was a good while back, in 2006. 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. I primarily collect and study U.S. coins produced during the 20th century. On the upside though, this error adds premium value to this coin. We look at the 1951 penny value and errors coins to look for. This scale goes from 1 to 70, but it is often simplified into qualitative categories, like Good, Fine, Almost Uncirculated, and Mint State. However, he still had to change his initials from his full surname on the obverse to the letters V.D.B at the bottom of the coins reverse. 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. On occasion, coins from one mint are transported to another mint for recycling or to cover a shortfall. Rated as Abundant in numbers available, a special quality is needed to set a coin apart in value. 1,055,941,000 struck and released into circulation. The 1951 S pieces also suffer a similar fate as the rest of the 1951 varieties, with a great majority of them being of circulated condition, although they are still common up the MS-66. A freshly-minted wheat penny will have a lustrous reddish-orange color. As with all selling processes; organizing the coins in a manner a dealer can efficiently asses their worth aids in returns to you. Later, they were sold directly to collectors to earn extra revenue for the mint. On the other hand, you need to pay somewhere between $50 and $75 for a 1950 proof Lincoln penny. 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. A warm brown surface with few marks is preferred. Handle the coin gently, hold the edges only avoiding touching the surface. Their constantly increasing scarcity is something that shows you why now is as good a time as ever to get your hands on one of these coins.