1958 Lincoln Wheat Penny Value Guide

The 1958 Lincoln Wheat Penny is a cornerstone for numismatists as it represents the final year of the classic wheat stalk reverse design before the transition to the Lincoln Memorial. Struck in bronze, this coin serves as a historic bookend to a series that began in 1909 to honor the centennial of Abraham Lincoln's birth.

What Is 1958 Lincoln Wheat Penny Worth?

The typical price range for 1958 Lincoln Wheat Penny is $1 - $1 based on recent sales. However, values can vary depending on the item's condition, rarity, and other factors such as:

• Numerical grade and color designation, with 'Red' (RD) uncirculated specimens commanding higher premiums than 'Brown' (BN) coins.
• The presence of original mint luster, which is highly prized in coins from this final year of production.
• Surface quality, specifically the absence of heavy scratches, carbon spots, or significant wear on the wheat ears.
• Minting errors or die varieties, such as doubled dies, which can occasionally increase the value beyond the standard range.

How to Identify 1958 Lincoln Wheat Penny?

• Verify the reverse features two stylized wheat stalks flanking the words 'ONE CENT' and 'UNITED STATES OF AMERICA'.
• Look for the date '1958' positioned on the obverse to the right of Abraham Lincoln's bust.
• Identify the mint mark below the date; a 'D' indicates the Denver mint, while no mark signifies the Philadelphia mint.
• Confirm the composition is bronze, which typically displays a reddish-brown or chocolate-brown patina in circulated condition.

History of 1958 Lincoln Wheat Penny

The Lincoln cent, also known as the Lincoln penny, was first issued in 1909 to commemorate the 100th anniversary of Abraham Lincoln's birth. It was the first U.S. coin to feature a real person rather than an allegorical figure. The 'Wheat Penny' design, which features two wheat stalks on the reverse, was used from 1909 to 1958. This 1958 coin represents the final year of this classic design, making it a significant piece for collectors of this series.