how much is a 1951 wheat penny worth
This error often occurs when the mint employee fails to align the coin hub above the coin die properly. Lincoln wheat cents are inspected for three main features: Date | Mint Mark | Condition When viewing the chart. More than one billion Lincoln Wheat Pennies were struck in 1951, which means one-cent coins from that year are still very common today. Preferences of collectors are towards nicer quality coins, value follows. Good: A 1951 Lincoln penny receiving a Good grade is one that was likely heavily circulated and heavily damaged as well. 1925 Stone Mountain Half Dollar Value: are they worth money? The coins acquired this fancy finish through burnished planchets that were polished before they were punched into discs. At MS-67 and beyond, they become quite scarce. For now, lets accurately assess the most recent 1951 Wheat Penny Value. This is why 1951-D wheat penny errors fetch better prices. Real Experiences. As with any collectible coin, the price is heavily dependent on the condition of the coin. Related Post: 19 Most Valuable Wheat Pennies Worth Money. Old pennies are highly collectible, and 1951 wheat cents are no exception. Lettering is clearly separated from the rim and sits flat on the field. For more. He brought in commercial artists to get the job done, and they clashed a lot with mint experts. Now lets review one that appears on the 1951-D Wheat Penny. The coin has two legends In God We Trust above Lincolns head, and Liberty on the left behind his back. When it comes to determining the value of the 1951 Lincoln penny, this is something that can be done by looking at a few different things. San Francisco wheat cents are appealing to collectors in lightly worn condition. 1952 US Mint Annual Report Coins in this condition retain the best degree of details and features. 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). 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). 1951 Quarter Value: are D, S, No mint mark worth money? Grades of Good, Fine, Extremely Fine, and Uncirculated are described in the Grading Section below. Uncirculated coins with a grade of MS-65RB can sell for around $3. Free shipping for many products! If you found a 1951 wheat penny coin, that means that it is a coin that is just as old as most grandparents today. All coins in this list however are. US Mint. In fact, Uncirculated Lincoln pennies will be without flaw. The 1951 wheat penny with no mint mark is worth around $0.10 in very fine condition. Most coins in this category werent exchanging hands as often as the others. The color categories are Red, Red-Brown, and Brown. 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 . 1921 S Wheat Penny. Any wheat penny is worth at least 4 cents to most dealers. Listings on the chart begin with date and mint mark variety. 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. So it might be helpful to wait for the next key Lincoln anniversary before you try offloading 1951 Cents. A good indication of moderated wear is the flat and level surface now displayed along the jaw and cheek. $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. Value: This penny is worth anywhere from 75 cents to as much as $900. The Denver coins comprise almost 60% of the total mintage of the 1951 wheat pennies. San Francisco wheat cents are appealing to collectors in lightly worn condition. With three facilities minting the coin in huge numbers, it is no surprise that it ended up with a high mintage. This post may contain affiliate links. The 1951 S wheat penny is worth around $0.25 in very fine condition. 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. A noticeable difference is often the deciding factor between two coins and their appeal to a collector. The artist makes a sketch, then creates a master mold from rubber, plaster, and epoxy. With one in extremely fine condition selling for around $0.05, it falls in the category of low-value coins. There are websites where you can sell your coin and have anyone interested bid on it. An MS-63 B can reach up to $2.28, but the red variety can easily reach north of $100, with an MS-67+ R reaching $8,500. 284,576,000 one-cent coins were struck at the Philadelphia Mint. Data from examples of sold 1951 wheat pennies show that they sell for way more than their theoretical value. Collectors follow a step by step approach of examining: Date | Mint Mark | Condition. Some newbies have noted that the Pre-Euro German Pfennig coin looks a lot like the American Wheat Penny. 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 Proof Coin is minted with exceptional clarity and detail. Its a crucial coin feature because hubs and dies are extremely expensive! They include the coins grade, demand for it, its rarity or abundance, and whether it carries an error or not. All Rights Reserved. The San Francisco-minted wheat pennies of 1951 take the smallest mintage, hence why it commands a higher premium than the other variations. Mint state - uncirculated cents come in a complete range of toning. If it occurs on the obverse, its a DDO but appearing on the reverse makes it a DDR. The most common errors are listed below. This article will cover the 1951 Wheat Penny value, its history, unique features, and everything in between. Comparing and judging original depth of strike on the example 1951-S pennies identifies the higher appeal coin. However, uncirculated 1951 Lincoln cents and those struck as proofs are worth significantly more than face value. Im the Coin Editor here at TheFunTimesGuide. From uncirculated coins collected by advances collectors to worn examples an affordable collection popular with young collectors. 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. Ive contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. USA Coin Book Estimated Value of 1951 Lincoln Wheat Penny is Worth $0.06 in Average Condition and can be Worth $0.81 to $2.33 or more in Uncirculated (MS+) Mint Condition. Uncirculated coins with a grade of MS-65RB can sell for around $2. These coins had that distinct copper tone graded RD for red (best grade), RB for reddish-brown, or BN for brown. Handle the coin gently, hold the edges only avoiding touching the surface. 1909 was about to mark the centennial anniversary of President Abraham Lincolns birth, who at that time was becoming a beloved icon among Americans. These coins are in the condition they left the mint. This is the cream of the crop in the series and has a base value of around $550. The mint mark of a 1951 wheat penny is found on the obverse (the front of the coin). Coins with the highest contrast between the device and the field are graded Deep Cameo or Ultra Cameo. 1952 Half Dollar Value: Are D, S, No Mint Mark Worth Money? However, most of these pieces are of circulated condition. Though the modern version of the penny does not excite too many people, older versions, such as the 1951 Lincoln, are highly sought after by collectors of all types. The 1951 S penny has a similar price for lower-grade conditions with the other pennies, although they have a higher price for MS-60 coins and higher. The San Fransisco mint struck the lowest number with 136,010,000in total. Another option is to make use of Online PlatformsandAuctions. Now lets look at the individual features of the 1951 Wheat Penny. In 1951, the San Francisco Mint made 136,010,000 Wheat Pennies with the S Mint Mark. In circulated condition, this grade indicates that the coin shows heavy damage. You might not be able to believe it, but 1951 is over 70 years ago already! If you decide to spend $5 more, you can get a beautiful and complete Lincoln penny set with a high grade. We will show. Apart from Wartime Pennies that were zinc-coated steel, a penny from any year should have distinct copper toning. As most coin collectors find early on during their forays into collecting Lincoln Cents, Pennies from the 1950s are generally quite common. You can check the YouTube video below to see how to grade these coins. 1916 S Wheat Penny. The 1951 S Wheat Penny is worth between .15 cents and $5.00 on average. 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. 1951 wheat coins from this facility dont carry a mint mark. This error is common in every mint run and mainly causes doubled words on the coin. 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. A 1951-D Wheat Penny graded MS 67 RD sold for just $312. These are abundant and form a base value to all wheat cents. And this second type is $30 in AU 53, $60 in MS 63, and $120 in MS 65RD. How much is a 1967 Kennedy Half Dollar Worth? 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). Even low grades are worth $100 or more. You can buy 1951 pennies from a coin dealer. Date and mintmark collecting places a slightly higher value for the "S" mint cents. Surprising value is often found in the smallest of detail. Also, click here to Learn About Grading Coins. Large supplies and surviving numbers places these as Abundant on the rarity scale. 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. 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. How much is a 1951 Wheat Penny worth? 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. Are wheat pennies worth anything? Related Post: 16 Most Valuable Wheat Penny Errors In Circulation. 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. All Rights Reserved. 1949 Wheat Penny. Real People. 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. 1952 Wheat Penny Value: Are D, S, No Mint Mark Worth Money? A warm brown surface with few marks is preferred. You will find it on a 1951-D wheat penny, and it is commonly called the D over D over D error.. Only the first 50 to 100 coins come out as DCAM or U-CAM. 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. It increases the coins worth normally by reducing the number up for acquisition, but the case is different for the 1951 wheat penny. 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. All Rights Reserved. Below is a complete list of values for every wheat penny made, save two. 1951 1C PR67 Sold on Jan 6, 2011 for: $15,076.50, 2. My love for coins began when I was 11 years old. A 1931-S could be worth $40 or more. Check your pocket change for these rare pennies worth 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! Tilt the coin at an angle to the light and a fine texture is visible indicating an unworn surface. We do not buy or sell precious metal. A 1951 (P) No Mint Mark Wheat Penny graded MS 67 RD once sold for $10,350. Latter year wheat cents, 1944 through 1958, are abundant and any edge in appeal improves marketability. 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. 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. 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. They also tend to have the second lowest value after 1951-D wheat pennies, even at higher grades. A softer, less defined amount of detail was struck into one coin. Its written as D over D aka D/D and is worth $10 in AU 58. Depending on the error, they can fetch quite the amount. He used a bust of Lincoln for the coins obverse design and two ears of wheat for the submission that the Mint would use. Important is to recognize there is no wear to the surface and all original texture is intact. Strike quality varies among wheat pennies. That said, PCGS has graded only one 1951 (P) Penny in MS 67+. The reason is that it is one of the easiest to acquire at the start, hence its popularity among collectors. 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. Value: The value of this penny ranges from $1.95 to around $850. But in 1904, President Theodore Roosevelt asked the mint to start making elaborate coins that had higher artistic merit. It generally occurs in 1951-S wheat pennies. Judging condition and a further assessment of strike quality identifies an appealing coin. Coins with specific errors are not common, even for a series with high mintage. stunning wheat penny, priced to sell - NGC listed for $55. Colors of Mint State Grade Wheat Penny: Viewing the line of pennies shows the various colors and toning a mint state penny develops. Youll find that most errors are present on the 1951 D pennies. The repunched mintmark has a current record price for a wheat penny of $225 with an MS64 BN coin. And this difference in perspective applies to coin designers as well. USA Coin Book Estimated Value of 1951-D Lincoln Wheat Penny is Worth $0.06 in Average Condition and can be Worth $0.69 to $2.33 or more in Uncirculated (MS+) Mint Condition. As with mint state coins, their value depends on their grade. 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 So, how much is an uncirculated 1956 wheat penny worth? 1951 (P) Proof Wheat Penny Value Image: pcgs A Proof Coin is minted with exceptional clarity and detail. You will mostly find the ones with the D mintmark from the Denver mint. Half a step up in MS 67+ RD, its $396. These are usually worth a significant premium. Grading Lincoln Wheat Pennies covers the grading process in more detail. Copyright 2007-2023 Daniel A. HarrisAll Rights Reserved, https://nnp.wustl.edu/library/publisherdetail/51. Are you concerned the precious metals train has left the station without you. 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. Also, click here to Learn About Grading Coins. But the mint mark is added last, typically by hand, at least until 1989. Home | Site Map | User Agreement | Privacy Policy | Contact. Matching your coin to grading images finds 1951 penny value. These coins can fetch quite the price, with an AU-50 coin of this error costing around $700. Therefore, collect coins in the highest grade . 1951 Half Dollar Value: are D, S, No mint mark worth money? Also Read: Top 20 Most Valuable Old Pennies Worth Money (Penny Collection). 98K views 3 years ago 1951 Wheat Pennies worth money and rare penny coins to look for in your pocket change. Substantially more were produced at the Denver Mint that year 625,355,000. Barber had designed the previous dimes, quarters, and half dollars. You can recognize coins from this Mint through the presence of a D under its production year on the coins obverse. 1951 1C MS67 Sold on Jan 4, 2006 for: $10,350.00, 3. Later, they were sold directly to collectors to earn extra revenue for the mint. They all had the D Mint Mark. 1951-D Lincoln Cent, MS68 Sold on Jan 8, 2020 for: $6,600.00, 5. Ample production from the Philadelphia mint finds this variety Abundant on the rarity scale. 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. While theyre not proof coins, the San Francisco Mint has always produced top-notch coins and they typically fetch better prices. Under the denomination are the words UNITED STATES OF AMERICA, with the famous motto E PLURIBUS UNUM along the coins top. On occasion, coins from one mint are transported to another mint for recycling or to cover a shortfall. Value: The value ranges from $1.25 to about $900. On the upside, the 1951 wheat pennies with errors have a higher value than the regular because they are not as common. This 1918 wheat penny was cleaned in the past. Half a step up in MS 67+ RD, it's $396. 1936 Wheat Penny Value (Rare Errors, D, S & No Mint Mark), 1966 Half Dollar Value (Rare Errors & No Mint Mark). And if the die shifts between the first and second strikes, youll get a doubled-die error that will be reproduced on every coin it mints. Again, there are 2 possibilities: 1) A typical uncirculated 1956 or 1956-D wheat penny is worth between 20 cents and $5. At the shoulder cut-off are the initials VDB for Victor David Brenner, the designer. Composition: 95% copper, 5% tin and zinc Below that is One Cent in a prominent font, followed by United States of America. In the Grading Section, images are used to match your coin, inspecting for wear and subtle points to condition. A mostly brown color is displayed to the far-right coin. Whats more, there are relatively few die variations for Lincoln Cents of the decade. Rob Paulsen Coins 1951 Wheat Penny Value (Rare Errors, D, S & No Mint Mark). And red coins command higher prices than red-brown examples, which in turn are generally more desirable than brown coins. Good: A 1951 Lincoln penny receiving a Good grade is one that was likely heavily circulated and heavily damaged as well. Uncirculated coins with a grade of MS-65RB can sell for around $2. With this higher count, they also have a higher survival count of around 62 million. These two areas must remain with no smoothing to the surface. There are many 1951 pennies that were incorrectly struck. As values climb higher many additional factors are used to decide the grade and worth. The Lincoln Wheat Penny was part of this project. All Market Updates are provided as a third party analysis and do not necessarily reflect the explicit views of JM Bullion Inc. and should not be construed as financial advice. Give special attention to Grading Condition. This condition is the best a coin can have in circulated form. Although this coin is popular among collectors, it is less about its value than its importance in building a Wheat Penny Collection. Red is considered the most valuable, while Brown is not as valued, due to it being heavily circulated. These are rare pennies worth money. Overall, both coins are close in technical grade when judging wear. Is that rare? Rated as Abundant in numbers available, a special quality is needed to set a coin apart in value. Its unusual to find a doubling error on a proof coin because theyre minted so carefully. In uncirculated condition the price is around $0.60 for coins with an MS-63RB grade. As expected, they also have the most value among circulated coins. I HAVE A ( 1951-S U.S. In-house mint engravers prefer to make coins that are cheap to mint since these coins will have higher seignorage and therefore earn more revenue for the US Mint. Very fine- Lincoln's jawbone and cheekbone are worn but still separated. Color, eye appeal, and overall appearance go a long way in determining a coins grade. A List Of Colorado Quarter Errors To Look For + A Colorado Quarter Price Guide. Because of the coins high mintage of 1.04 billion, the demand does not reduce in relation to the number of available ones. But in the past, a 1951 (P) without a mint mark has sold for as much as $10,350! Contrast the shallow rim and rolled appearance into the lettering of the softly struck example. There were 57,500 proof coins minted. Not all wheat cents are worth keeping, and preserving. And an MS 67 RD sold for $504 late in 2019. ! 1952 Wheat Penny 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. Steps Leading to Value: Step 1: Date and Mintmark Variety - Identify each date and its mintmark variety. Lincoln's portrait is filled with both major and subtle detail. As its name implies, this error causes a D impressing on the S of the wheat penny. 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. As one would expect with such a number, 1951-D coins also have the most percentage of errors. So a 1951 Wheat Penny in a silver shade is likely a planchet error, and this one was struck on a silver dime. A freshly-minted wheat penny will have a lustrous reddish-orange color. Step one is identify and confirm the mint that struck the coin. Source: USA CoinBook. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); 1951 Wheat Penny Value: Are D, S, No Mint Mark Worth Money? Many hobbyists add 1951 pennies to their Lincoln cent collections such as old wheat penny sets spanning the years 1909 through 1958. ! With around 57,000 proof pennies from 1951, these can easily reach $80 in higher grade conditions. 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. A focal point to both receiving wear and high in profile is Lincoln's cheek and jaw. Given the popularity of collecting Lincoln Wheat cents, there will always be a demand for quality coins. A mint state example is sought with bright original reddish copper coloring and few contact marks. 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! Well-worn 1943 steel pennies often trade for 5 to 10 cents apiece in well-worn condition. 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. 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. Total Weight: 3.11 grams. Unfortunately, the San Francisco Mint ran its dies too long, which they had to repolish too much. If you need to find out how much 1941 wheat pennies are worth, you've come to the right place! The wheat penny series remain the most popular one-cent coin, and it circulated for an impressive 49-year period. A circulated 1951-D penny is considered above average if lightly worn and crisp in definition. It's fairly easy to find 1941 wheat pennies in circulation these days. A few light contact marks may be present but they are barely noticeable. This comment was minimized by the moderator on the site, To My Young Brothers & Sisters at Reddit & Elsewhere. The current auction record is $10,350 for a 1951 P MS-67 Red coin. Even modern post-1982 pennies have a solid coat of copper over their zinc innards. This cent is distinctive because the letter "D" appears on the back, signifying that it was produced at the Denver Mint. As we mentioned earlier, the coins obverse has a right-side profile of late president Abraham Lincoln at the center. The color is red-brown. One of the inscriptions reads United States of America while the other marks the One Cent face value. Collectors having many to choose from, seek eye pleasing examples. Because the coin was never traded or exchanged, most of the damage associated with circulated coins will not be present. 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 ). Most 1951 wheat penny coin errors are found on Denver-minted coins, given that they produced the most coins. They have an additional classification regarding their color, from Brown to Red-Brown to Red. This coin series was minted from 1909 to 1958. 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. Although significantly better than the good condition, a coin in this condition or with this grade shows fewer scratches and less intense discoloration. With one in extremely fine condition selling for around $0.05, it falls in the category of low-value coins. Use a coin microscope to check. Circulated - Extremely Fine condition examples with a strong strike form a quality collection. This scale goes from 1 to 70, but it is often simplified into qualitative categories, like Good, Fine, Almost Uncirculated, and Mint State. 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. Value chart spans the Wheat design years 1909 through 1958 of Lincoln cents. So, unfortunately, they are quite common.
