1959 Penny Value: What Are 1959 Pennies Worth? Find Out Here :- A fascinating piece of American numismatic history is the 1959 penny. The Lincoln Wheat penny, which had been in use since 1909, was replaced with the Lincoln Memorial penny, which was originally released this year.
1959 Penny Value: What Are 1959 Pennies Worth? Find Out Here
You may be wondering how much a 1959 penny is worth if you own one. Let’s examine the elements that collectors consider valuable and how these pennies are valued.
Historical Background
1959 saw the introduction of the Lincoln Memorial cent in observance of Abraham Lincoln’s 150th birthday. The reverse of the coin displays Frank Gasparro’s design for the Lincoln Memorial, while the other side displays Victor D.
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Brenner’s well-known picture of Abraham Lincoln. Since this design was in circulation until 2008, the 1959 penny serves as a crucial foundation for this series.
Elements Impacting a 1959 Penny’s Value
1. Mint Mark – Philadelphia Mint No Mint Mark**: These coins were made at the Philadelphia Mint and usually have no mint mark. The most prevalent 1959 coins are these ones. D Mint Mark (Denver)The Denver Mint has a tiny “D” mint mark beneath the date on their pennies.
2. Condition – Circulated The majority of 1959 pennies discovered today are in circulated condition, which denotes that they have worn and have been used in regular transactions. They are usually worth about one cent, which is their face value.
Uncirculated: An uncirculated penny is one that has not been used for trade and still has the shine of the mint. Compared to coins that are in circulation, these coins are worth more.
Graded Coins Higher prices can be obtained for coins that have undergone professional grading by agencies like the Numismatic Guaranty Corporation (NGC) or the Professional Coin Grading Service (PCGS). Coins that are graded are evaluated on a range of 1 to 70, where 70 represents a perfect coin.
3. Rarity Due to their large mintages (more than 1.2 billion from Philadelphia and over 1.2 billion from Denver), 1959 pennies are generally not uncommon, but some may be worth more if they contain distinctive characteristics or flaws.
4. Inaccuracies and Differences – Error coins have a special value. Doubled dies, off-center strikes, and repunched mint marks are examples of common mistakes. The value of a penny can be greatly increased by these oddities.
Normalized Values
Circulated Condition: Because of its copper composition, a 1959 penny in average circulated condition is worth two to three cents, or somewhat more than face value. Uncirculated Condition Depending on their state, uncirculated pennies can be valued anywhere from 10 cents to $1.
Graded Coins: The value of a 1959 penny graded MS-65 (Mint State) ranges from $5 to $10, and higher grades can fetch much higher prices. Error Coins: These have wildly different values. While major errors can garner hundreds of dollars, minor ones could just bring in a few dollars.
Notable Instances
Doubled Die: A 1959 pennies that exhibit a doubled die error, meaning that the design appears twice, can command a high price. These pennies can be worth anywhere from $20 to several hundred dollars, depending on how severe the doubling is.
Off-Center Strikes: Collectors also chase for pennies that are struck off-center. The strike’s off-centerness determines the value, which can be anywhere from $10 to $50 or more.
Final Thoughts
Although the majority of 1959 pennies you find are probably only worth a few cents, there are some exceptions, particularly if they are uncirculated or have unusual flaws. These pennies are highly prized by collectors because to their historical significance being the first year of the Lincoln Memorial design, in addition to their prospective worth.
