Related Post: 19 Most Valuable Wheat Pennies Worth Money. This scale goes from 1 to 70, but it is often simplified into qualitative categories, like Good, Fine, Almost Uncirculated, and Mint State. PR 65 proof- There are no flaws to this 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. You can buy 1951 pennies from a coin dealer. It is also famous among collectors because of its abundance and significance. Lower-grade condition coins will have this chocolate brown color on their surface, which is categorized as brown (BN) coins. Indications are the colors that have developed, unnatural to a circulated coin. Also Read: Top 20 Most Valuable Old Pennies Worth Money (Penny Collection). 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. But that was over 15 years ago at the time were writing this, since the auction was a good while back, in 2006. Lets talk about how coins are made. Standing out is the quick rise in value beginning with the Extremely Fine condition. You will spend more on getting the coin if it carries a 1951-D wheat penny error. I primarily collect and study U.S. coins produced during the 20th century. 1946 Wheat Penny Value: are D, S, No mint mark worth money? The 1951 wheat pennies have value as numismatic coins. Either way, the mint mark influences the value of the coin, so lets take a look to see the mintage figures, approximate selling prices, and other location-related facts. How to Reap the Best Value When Selling Wheat Pennies. If you are simply finding out how much a 1951 wheat penny is worth because you have some to sell, dont be disappointed in its value. It Could Be Worth $10 Or More! Step 3: Special Qualities - Certain elements either enhance or detract from value. ! HOW MUCH IS A 1951 WHEAT PENNY WORTH?? CHECK YOUR POCKET - YouTube This error is common in every mint run and mainly causes doubled words on the coin. How much is a 1951 Wheat Penny worth? If you are talking about collectors, the biggest thing that must be taken into consideration is the condition a coin is in. The Philadelphia Mint made 284,576,000 Wheat Pennies in 1951, including proofs. 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. When youve been working with Lincoln Pennies for a while, youll get better at spotting when something is off. With only 14 million available today, you can get a G-4 1951 S wheat penny for the same price as an F-12 1951 D or P piece. 98K views 3 years ago 1951 Wheat Pennies worth money and rare penny coins to look for in your pocket change. A few blemishes may be present. MS-65RB gem uncirculated- There is strong luster and eye appeal. Rob Paulsen Coins 1951 Wheat Penny Value (Rare Errors, D, S & No Mint Mark). Today, in 2022, the value of this coin is closer to $10, but you may get lucky if you wait to resell the coin in 2051. The current auction record is $10,350 for an MS-67 Red coin. Check your pocket change for these rare pennies worth worth money! Feature and profile details like hair strands have already worn off. Confirming a higher quality is the raised rim on the well struck penny. 1958 Penny Value | Discover its Worth - CoinStudy Date | Mintmark | Condition are considered; all described and imaged within each series. Red is considered the most valuable, while Brown is not as valued, due to it being heavily circulated. Collectors follow a step by step approach of examining: Date | Mint Mark | Condition. Unfortunately, the San Francisco Mint ran its dies too long, which they had to repolish too much. At the shoulder cut-off are the initials VDB for Victor David Brenner, the designer. The chart further narrows value by the condition of the coin. Furthermore, while it would appear that a coin with as much demand as this one should have a higher rarity and more value, the total number of available coins is too much to increase its value. All Rights Reserved. Below is a chart outlining the different values associated with 1951 Lincoln pennies of different types and grades. Like most doubling errors, the best place to spot it is on the numbers and letters, though pennies from some years exhibit doubling on Lincolns eye or ear. Similar to your 1920 penny, your 1951 penny is also worth a few cents in circulated condition. 1951 Denver Mint Mark Wheat Penny Value. Chances are, there are several other 1951 penny errors yet to be discovered by collectors. Overall, both coins are close in technical grade when judging wear. These two areas must remain with no smoothing to the surface. 1952 Half Dollar Value: Are D, S, No Mint Mark Worth Money? Collectors will sometimes focus on a specific mint mark, targeting all the coins made in that mint over several years. Value chart spans the Wheat design years 1909 through 1958 of Lincoln cents. If you need to find out how much 1941 wheat pennies are worth, you've come to the right place! Heavy nicks are absent giving a crisp look to the coin. 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. 1951 Wheat Penny Value Values and Varieties (by Mint Mark), 1951 Wheat Penny Value Values and Varieties (by Color), Top 20 Most Valuable Old Pennies Worth Money (Penny Collection). From uncirculated coins collected by advances collectors to worn examples an affordable collection popular with young collectors. You will mostly find the ones with the D mintmark from the Denver mint. Have a 1951 wheat penny and want to know how much its worth? The 1951 wheat penny with no mint mark is worth around $0.10 in very fine condition. Read more in our privacy policy. Moderate toning is beginning to form on the high points of the second example. This 1951 (P) is thinner than normal, so it could be broad struck or it may have used a slimmer planchet. The San Fransisco mint struck the lowest number with 136,010,000in total. "S" Mintmark Under Date: San Francisco Mint Struck the Coin. In a more protected area, a less refined bow-tie is noted on the weak strike cent. This simply means coins with higher mintage are more common to find, reducing their value. US Mint. And an MS 67 RD sold for $504 late in 2019. In fact, with the exceptions of major errors and varieties, no Lincoln wheat penny struck after 1933 is worth more than 10 cents in worn condition. Looking closely at all examples, Lincoln's jaw line and cheek are without wear. Striking the fewest was the San Francisco mint, continuing its historical trend. 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). A 1951 wheat penny wont fetch much because it is common and easy to come by. With abundant supplies of circulated examples, collectors have many to choose from. Lincoln Wheat Penny Values and Prices - The Spruce Crafts This one left 60% of the coin blank. Previous year: the 1941 Lincoln Wheat Penny No Mintmark Under Date: Philadelphia Mint Struck the Coin. A fully separated bow-tie, showing all edges and defined knot indicates a higher condition penny. Extremely fine- There is only slight wear on the coin. In uncirculated condition the price is around $1 for coins with an MS-63RB grade. In uncirculated condition the price is around $0.60 for coins with an MS-63RB grade. A typical 1948 wheat cent with moderate to heavy wear (which pretty much describes most old pennies you'll find in pocket change) is worth 3 to 5 cents. Many examples from the 1950's still remain very bright with original color. And if so, what would be the approximate value? Very fine- Lincoln's jawbone and cheekbone are worn but still separated. 1952 Wheat Penny Value: Are D, S, No Mint Mark Worth Money? Good: A 1951 Lincoln penny receiving a Good grade is one that was likely heavily circulated and heavily damaged as well. 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. 1951 S Wheat Penny Type: Lincoln Wheat Cent Edge: Plain Mint mark: S Place of minting: San Francisco Year of minting: 1951 Face value: $0.01 $ price: $0.05 to $4,230 Quantity produced: 136,010,000 Designer: Victor D. Brenner 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. Apart from Wartime Pennies that were zinc-coated steel, a penny from any year should have distinct copper toning. If you buy thru these links, we may earn a commission at no additional cost to you. Lincoln's portrait is filled with both major and subtle detail. With one in extremely fine condition selling for around $0.05, it falls in the category of low-value coins. Substantially more were produced at the Denver Mint that year 625,355,000. 1951 Penny Value | Discover its Worth Coin Values Moving with Precious Metals: Up-Dated 3/6/2023: Gold $1856 | Silver $21.22 1951 Penny Value Matching your coin to grading images finds 1951 penny value. Worn 1951 wheat pennies are generally worth less than 25 cents. Having been exchanged on the open market for a number of years, these coins will show plenty of smoothing and scratching, but none of it will be severe enough to compromise any of the raised imagery or lettering. Low-relief coins will also retain their details longer in circulation because they have fewer raised areas that can wear down in peoples hands. Wish I could find out! As we saw above, 1951 Wheat Pennies in high mint states can sometimes be worth thousands of dollars. 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. Value: The value of this penny ranges from $1.95 to around $850. HOW DO I KNOW HOW MUCH ITS WORTH? 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! This comment was minimized by the moderator on the site, To My Young Brothers & Sisters at Reddit & Elsewhere. 1942 Lincoln Wheat Pennies - Coin Values 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. The wheat penny series remain the most popular one-cent coin, and it circulated for an impressive 49-year period. 2010 - 2023 USA Coin Book. 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. There are quite a lot of errors on the 1951 penny. This is commonly seen on S coins, where the initial mint mark appears to be D, then struck again with the letter mark for S. This error makes the mint mark on these coins chunkier than it should be. I HAVE A ( 1951-S U.S. Any words on the coins are called mottos or legends. One of the inscriptions reads United States of America while the other marks the One Cent face value. 2010 - 2023 USA Coin Book. Since the sale goes to the highest bidder, the potential for how much you can sell your 1951 wheat penny becomes relatively high. We will be talking about the value of this specific penny, its varieties, history, and more! All Rights Reserved. 1958 Penny Value | Discover its Worth Coin Values Moving with Precious Metals: Up-Dated 3/27/2023: Gold $1969 | Silver $23.00 1958 Penny Value Matching your coin to grading images finds 1958 penny value. 5 Most Valuable 1951 Wheat Penny Ever Sold, 1. A step by step method is followed to determine how much these old wheat pennies are worth. Related Post: 16 Most Valuable Wheat Penny Errors In Circulation. Reading the value chart shows the increase in desirability of higher condition coins. As most coin collectors find early on during their forays into collecting Lincoln Cents, Pennies from the 1950s are generally quite common. A 1951 wheat penny won't fetch much because it is common and easy to come by. But the mint mark is added last, typically by hand, at least until 1989. The color is red-brown. We will show. To achieve these goals, in-house engravers will sketch simple designs with low relief so theyll imprint in one or two strikes. How Much Is a 1952 Wheat Penny Worth? - The Spruce Crafts This mint struck the highest number of 1951 wheat pennies, and with how well they circulated, you will have no trouble locating one decades after. Below is an outline of the different coin grades as well as what they might mean in terms of the 1951 Lincolns appearance. Again, there are 2 possibilities: 1) A typical uncirculated 1956 or 1956-D wheat penny is worth between 20 cents and $5. Coin collectors have shown an interest in the 1951 Denver Mint Mark Wheat Penny. In front of the profile, you will find the coins production year, which is 1951 in this case. Second example was cleaned using a heavy touch, likely attempting to remove debris. This will help a potential bidder identify it quickly. 1936 Wheat Penny Value (Rare Errors, D, S & No Mint Mark), 1966 Half Dollar Value (Rare Errors & No Mint Mark). 7 Rare Wheat Pennies To Collect & What Theyre Worth Today, This 1982 Copper Penny Is Worth $10,000! Surprising value is often found in the smallest of detail. Good: A 1951 Lincoln penny receiving a Good grade is one that was likely heavily circulated and heavily damaged as well. 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. Just below are images to locate any possible mint mark. That is why most of their features havent worn off as badly as those in previous grades. Wheat pennies are not just described through the usual categories. With around 57,000 proof pennies from 1951, these can easily reach $80 in higher grade conditions. 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. 1925 Stone Mountain Half Dollar Value: are they worth money? Preservation of devices, legends, and fields are inspected as to condition. Click here to Learn How to use Coin Price Charts. These coins had that distinct copper tone graded RD for red (best grade), RB for reddish-brown, or BN for brown. Proof coins with no mint mark are available and they are each valued at around $65 in PR 65 condition. Most 1951 pennies that youll find in pocket change are worth a little more than face value. A 1951 (P) No Mint Mark Wheat Penny graded MS 67 RD once sold for $10,350. 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! So, unfortunately, they are quite common. Rare penny coins to look for in pocket change. Source: USA CoinBook. Most coins in this category werent exchanging hands as often as the others. It was designed by Victor David Brenner, ne Avigdor ben Gershon. Other rare and valuable 1951 pennies are those that contain errors and varieties, such as: Doubled dies Repunched mintmarks Off-center strikes 1951 Lincoln Wheat Pennies Values and Prices - CoinValues.com 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. However, some rarer varieties in excellent condition can sell for as much as $40+, including specific errors. 1951 S Wheat Penny: $50: 1933 D Wheat Penny: $47: 1909 VDB Wheat Penny: $45: 1938 D Wheat Penny: $40: 1951 D Wheat Penny: $40: 1940 S Wheat Penny: $37: 1930 D Wheat Penny: $35: Step 2: Grading Condition - Judge condition to determine grade. Despite their low mintage, gem examples are plentiful until MS-67. SilverRecyclers.com is not a dealer or refiner. I have a 1951 proof penny that has a die break (extra metal) on obverse If it occurs on the obverse, its a DDO but appearing on the reverse makes it a DDR. The 1951 S Wheat Penny is worth between .15 cents and $5.00 on average. With Lincolns bust on the obverse and the ears of wheat on the reverse, the 1951 Lincoln wheat penny has the same features as other years. Coins with specific errors are not common, even for a series with high mintage. At the center, you will find the coins denomination in words: ONE CENT and an ear of durum wheat on either side. But in the past, a 1951 (P) without a mint mark has sold for as much as $10,350! However, some of these pennies are not as common as the others. And red coins command higher prices than red-brown examples, which in turn are generally more desirable than brown coins. Contrast the shallow rim and rolled appearance into the lettering of the softly struck example. San Francisco wheat cents are appealing to collectors in lightly worn condition. 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. A mint state example is sought with bright original reddish copper coloring and few contact marks. A few light contact marks may be present but they are barely noticeable. 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. Among these base value cents a further separation is distracting marks and dark, uneven colors. 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. For more. Coin Values Discovery finds 1951 Penny Value and All US coin values. 1909 was about to mark the centennial anniversary of President Abraham Lincolns birth, who at that time was becoming a beloved icon among Americans. 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. He used a bust of Lincoln for the coins obverse design and two ears of wheat for the submission that the Mint would use. These coins have the highest value among the regular ones at the highest grades. If there is an S mint mark, it was minted in San Francisco. However, with enough looking through pocket change or coin rolls, you may find a valuable 1951 wheat penny for face value Yep, just one cent! 1951 Lincoln (Wheat) Penny Value | JM Bullion The Lincoln design is one of the last withstanding coin designs minted by the US Mint in the Philadelphia, San Francisco, and Denver Mints. This error plus the melt value made this coin sell for $750 in 2019. Most circulated coins will have enough time and exposure to oxidize their entire surface. Important is to recognize there is no wear to the surface and all original texture is intact. The 1951 wheat penny coins are also graded according to their colors. These are rare pennies worth money. It is also common to see scratches and discoloration with the naked eye when examining the coin under a single light source. In extremely fine condition the value is around $0.30. The visual difference is due to a weaker strike. 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). 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. 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. 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 They include the coins grade, demand for it, its rarity or abundance, and whether it carries an error or not. This is the cream of the crop in the series and has a base value of around $550. Only the first 50 to 100 coins come out as DCAM or U-CAM. The D/S OMM is an FS error and comes in two varieties. Initially, it was a quality control tool used to verify dies. An old copper coin with wear is expected to have a shade of brown toning. For more coin tips give the video a. Examples of relevant websites include eBay, Heritage Auctions, and Etsy. This ended up with a significant loss of details on the coins. While you wont be able to distinguish intricate features like Lincolns hair strands, other facial features like his jaw retain more details. If you found a 1951 wheat penny coin, that means that it is a coin that is just as old as most grandparents today. If there is no mint mark, it means that the coin was minted in Philadelphia. Pleasing bright luster is valued high and toning either enhances or detracts. Collectors having many to choose from, seek eye pleasing examples. All Rights Reserved. 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 ). On occasion, coins from one mint are transported to another mint for recycling or to cover a shortfall. Click here to Learn How to use Coin Price Charts, Click here to see the Melt Value of every US Coin, US United States of America 1 Lincoln Cent 1951 D km A132, 1951d Lincoln Wheat Cent. ! 1951 1C MS67 Sold on Jan 4, 2006 for: $10,350.00, 3. Strike quality varies among wheat pennies. Keep reading to learn more about these one cent coins. The coin has two legends In God We Trust above Lincolns head, and Liberty on the left behind his back. The United States Mint had minted the Lincoln Wheat Penny since 1909 when it replaced the Indian Head penny. 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. 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. Coins with the highest contrast between the device and the field are graded Deep Cameo or Ultra Cameo. 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. However, uncirculated 1951 Lincoln cents and those struck as proofs are worth significantly more than face value. 2) A proof 1956 Lincoln wheat cent that was struck for coin collectors and included in 1956 proof sets is worth $3 and up. San Francisco wheat cents are appealing to collectors in lightly worn condition. Its mint mark is an S struck under the coins production year on the obverse. The reverse (tails side) of the 1951 Wheat Penny has a pair of durum wheat stalks placed next to the edges of the coin. . 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. 1948 Wheat Penny Values - See If You Have A Valuable 1948 Penny + Rare A Pfennig is 100th of a Deutschmark in the same way that a penny is 100th of a dollar. Luster also covers the high areas. But chances are any of the Lincoln Wheat cents you've found in pocket . This cent is distinctive because the letter "D" appears on the back, signifying that it was produced at the Denver Mint. Three Mints struck the 1951 wheat penny, with the Denver mint striking the highest number. Composition: 95% copper, 5% tin and zinc Later, they were sold directly to collectors to earn extra revenue for the mint. Collectors utilize a coin grading scale to judge the condition of a coin. In fact, quite a lot of these pieces were also retrieved in Mint State because many original rolls of this cent were saved. Some newbies have noted that the Pre-Euro German Pfennig coin looks a lot like the American Wheat Penny. 1951 Penny Value | Discover its Worth - CoinStudy Theyre also found in coin jars, old coin collections, estates, and other places.