You never know when the next 1958 DDO example will turn up!This post may contain affiliate links.
View our MS-60 condition has a value of Although not presently valuable, the 1958 Wheat Penny may see some increase in price in the coming years. In 1958 there were 800,953,000 1958 D mint pennies minted in all. 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. After 1950, most pennies were minted at Denver, with a lesser amount produced at Philadelphia.1958 would be the last year that the Mint would produce a Lincoln cent bearing the original wheat stalk reverse.
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. 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.
First minted in 1909 to replace the Indian Head Penny, the Wheat Penny received quick praise by consumers. 16th President Abraham Lincoln was chosen for the new penny as a way to Brenner’s design for the obverse featured a bust of President Lincoln facing right, with the motto “IN GOD WE TRUST” centered above. 1958-D penny (Denver) — 800,953,300 minted, 5 to 10+ cents; 1958 proof penny (Philadelphia) — 875,652 minted, $5+ *Values for the 1958 wheat penny and the 1958-D penny correspond to problem-free coins that have not been cleaned or otherwise damaged and are in average circulated condition. Maybe you’ve found a 1958 wheat penny and you think it might be Whether you’re looking for the value of a regular 1958 wheat penny or 1958-D penny, or you’re trying to figure out what a 1958 doubled die penny looks like so you can tell if you have one of these Read on to find out what your 1958 wheat pennies are worth and to see if you’ve got a legit 1958 The good news is even circulated 1958 pennies with regular wear and tear are worth more than face value!Here’s what 1958 Lincoln cents are worth, including the collectible 1958 Only 3 are known to exist, making this an extremely rare error coin.In most cases, when someone finds what appears to be a 1958 error penny, they actually have a coin with Or, what looks like a 1958 penny error might also be If you’re wondering what exactly the difference is between a doubled die coin and a machine doubled coin, here’s what you need to know:Most photos of supposed 1958 doubled die pennies submitted here show very slight machine doubling.In addition to the links I’ve included above, here are some I’m the Coin Editor here at TheFunTimesGuide. Of course this figure doesn’t reflect the mint proofs that could have been minted that year at the Denver mint and only includes the amount of 1958 D Wheat Pennies that were poured into circulation. 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 Around 1950, the United States Mint began shifting which Mint produced the most number of Wheat Pennies.
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.One of the biggest and rarest errors for Wheat Pennies is the 1958 Doubled Die Error. 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.
With a lower mintage than other coins around the same time period, the prices should rise as more coins are lost/destroyed.