In uncirculated condition the price is around $0.60 for coins with an MS-63RB grade. 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. Their mint marks appear on the obverse, right under the date. But in the past, a 1951 (P) without a mint mark has sold for as much as $10,350! Many examples from the 1950's still remain very bright with original color. The artist makes a sketch, then creates a master mold from rubber, plaster, and epoxy. Color, eye appeal, and overall appearance go a long way in determining a coins grade. A clear separation from the ear is seen with flatness limited to just the uppermost areas. 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. You can buy 1951 pennies from a coin dealer. This error is common in every mint run and mainly causes doubled words on the coin. 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. James Earl Fraser, the designer of the Indian Head nickel, created a new design to replace the current Lincoln penny. Lincoln's temple area now connects with his hair and is flattened, confirming an average quality coin. These coins can fetch quite the price, with an AU-50 coin of this error costing around $700. 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 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. 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. Red is considered the most valuable, while Brown is not as valued, due to it being heavily circulated. 1925 Stone Mountain Half Dollar Value: are they worth money? These two areas must remain with no smoothing to the surface. 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. Some coin collectors are attracted to the physical beauty of the coins they keep. Coins in this condition retain the best degree of details and features. Generally, collectors value them more because of their rarity and uniqueness. And if so, what would be the approximate value? When the coin retains at least 90% of this original color, coin collectors categorize them as a red (RD) wheat penny. This will help a potential bidder identify it quickly. 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! ), Have A 2006 Colorado Quarter? Uncirculated coins with a grade of MS-65RB can sell for around $2. Uncirculated Grade: A center piece to a wheat penny collection is mint state condition coins. Finally, arching overtop of the reverse is the Latin phrase E Pluribus Unum.. As its name implies, this error causes a D impressing on the S of the wheat penny. However, almost all of those surviving pieces are of lower grades, with only around 5,000 pieces that are above 60 grade. Above eye brow and forehead. 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. 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. Preferences of collectors are towards nicer quality coins, value follows. The error is worth $146 in MS 65. It is crucial to try avoiding damaged or discolored units since they are without any value. 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. 1949 Wheat Penny. 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. San Francisco wheat cents are appealing to collectors in lightly worn condition. For now, lets accurately assess the most recent 1951 Wheat Penny Value. 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. Related Post: 16 Most Valuable Wheat Penny Errors In Circulation. However, a good idea is to grade the coin beforehand and state it in its description. MS-63RB choice uncirculated- In the major focal areas there are some blemishes or contact marks. Coins with the highest contrast between the device and the field are graded Deep Cameo or Ultra Cameo. 1951 Penny Value | Discover its Worth - CoinStudy USA Coin Book Estimated Value of 1951-S Lincoln Wheat Penny is Worth $0.11 in Average Condition and can be Worth $1.16 to $3.38 or more in Uncirculated (MS+) Mint Condition. Worn 1951 wheat pennies are generally worth less than 25 cents. Previous year: the 1941 Lincoln Wheat Penny Though the damage on these Lincoln pennies is quite small and difficult to see with the naked eye, they do exist and are uncovered during the grading process. Luckily, you have this one-stop shop for all things about the 1951 wheat penny value. As we mentioned earlier, the coins obverse has a right-side profile of late president Abraham Lincoln at the center. Judging condition and a further assessment of strike quality identifies an appealing coin. 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 ). How Much is 1951 Wheat Penny Value? | Jewelry Marquis The Denver coins comprise almost 60% of the total mintage of the 1951 wheat pennies. Lets talk about how coins are made. However, the red variety can go for as much as $7,000 for an MS-68 piece. How much is a 1951 Wheat Penny worth? As the name suggests, the mint mark indicates two marks minted over each other. While theyre not proof coins, the San Francisco Mint has always produced top-notch coins and they typically fetch better prices. 1950 Wheat Penny Value. The wheat penny series remain the most popular one-cent coin, and it circulated for an impressive 49-year period. Find many great new & used options and get the best deals for Lot of Denmark Old Stamps Used/MH at the best online prices at eBay! As most coin collectors find early on during their forays into collecting Lincoln Cents, Pennies from the 1950s are generally quite common. Regardless of its theoretical value, most still fetch decent values depending on factors we will cover later in this article. 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.