Are you eager to find out if you have a hidden treasure in your pocket change? It is always an exciting prospect to discover that the 1956 wheat penny you’ve held on to is worth more than its face value.
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ToggleHow Much is a 1956 Wheat Penny Worth Today?
A 1956 wheat penny’s value can vary depending on its condition, mint mark, and any unique features. In average condition, a 1956 wheat penny is worth around $0.06. If the coin is in uncirculated condition, its worth can range from $0.40 to $1.16 or more. A proof 1956 Lincoln wheat cent, made specifically for collectors, can be worth $3 or higher.
Lincoln Cents – Wheat Reverse Value Chart | |
Lincoln Cents – Wheat Reverse | Value Range |
1956 1c MS BN | $0.17 – $61.00 |
1956 1c MS RB | $0.55 – $74.00 |
1956 1c MS RD | $0.80 – $1,150 |
1956-D 1c MS BN | $0.17 – $61.00 |
1956-D 1c MS RB | $0.55 – $74.00 |
1956-D 1c MS RD | $0.80 – $390 |
Specifications of Lincoln 1956 Wheat Penny:
Type of Coin: Penny
Year: 1956 Wheat Penny
Mintage: 420,745,000
Mint Mark: Philadelphia (No Mint Mark)
Price: 15 cents – $5.00+
Face Value: $0.01 Cents
Composition of 1949 Nickel: 95% Copper, 5% Zinc and Tin
Weight: 3.11 grams
Diameter: 19 mm (millimeters)
Obverse/Reverse Designer: Victor D Brenner
Edge: Smooth
![](https://uscoinapps.com/wp-content/uploads/2023/11/Specifications-of-Lincoln-1956-Wheat-Penny.webp)
How Much is a 1956 Lincoln Wheat Penny Value/Worth Today?
1956 Lincoln Wheat Penny Value |
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Condition of Lincoln 1956 Wheat Pennies |
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Date |
Good |
Fine |
Extremely Fine |
Mint State |
|
1956 Wheat Penny Worth/Value Up-Dated |
2023 |
||
1956 |
$0.02 |
$0.02 |
$0.04 |
$0.44 |
1956 D |
$0.02 |
$0.02 |
$0.04 |
$0.44 |
1956 Wheat Penny No Mint Mark Value
Most 1956 wheat pennies were minted in Philadelphia and do not carry a mint mark.
In an average, circulated condition, these pennies are usually estimated to be worth around $0.15 to $0.20. If the penny is in an excellent, uncirculated condition, its value can rise – it may be worth around $0.65 to $10.
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1956 D Wheat Penny Error Value
A well-known error of the 1956 D wheat penny is the “D over D,” featuring the “D” mint mark repunched, resulting in a doubled appearance.
Speaking generally, a 1956 D wheat penny in average circulated condition usually holds a value of around $0.15 to $0.20. However, if there’s an error, the coin’s value could significantly increase, potentially reaching hundreds, even thousands of dollars, depending on the type and rarity of the error.
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Are 1956 Wheat Penny “D” and No Mint Mark Pennies Worth Money?
Photo Source: coinstudy.com
Indeed, both 1956 D wheat pennies and 1956 wheat pennies without a mint mark can carry value to collectors. Coins with unique errors or in pristine condition can command high premiums. However, it’s essential to understand that circulated coins without errors hold minimal additional value.
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Grading of The 1956 Lincoln Penny
Grading a 1956 Lincoln Wheat Penny involves examining the condition of the coin’s surface, details, and level of wear it has undergone. The following grading definitions generally apply:
- Uncirculated: An uncirculated penny shows no evidence of wear. The original mint luster is entirely intact, and there’s no loss of detail. All elements of the design should be sharp, with no signs of wear.
- Extremely Fine: Extremely Fine indicates the coin has minor wear, mainly on the highest areas or points, but much of the design and details are still clearly visible. The coin retains some of its original luster.
- Fine: A Fine grade means the coin demonstrates clear signs of wear but crucial elements of its design are still visible. Finer details may have worn away, but the overall look of the coin should help identify it as a Lincoln penny.
Good: Good refers to a significant amount of wear, including smoothed areas and potentially some loss of major design elements. Nonetheless, essential details such as Abraham Lincoln’s profile, and the wheat stalks on the reverse should still be visible.
Frequently Asked Question
What Makes a 1956 Wheat Penny Rare?
The rarity of a 1956 wheat penny is generally determined by unique errors like the “D over D” error, low-mintage figures or coins in outstanding condition.
What is the Error on the 1956 D Wheat Penny?
The most famous error on the 1956 D wheat penny is the “D over D,” where the Denver “D” mint mark was repunched, resulting in a double “D” appearance.
How Much is a 1956 Wheat Penny Error Worth?
The value of a 1956 wheat penny error varies based on the specific error, the rarity of the error, and the coin’s condition. Coins with significant and unique errors, such as the “D over D,” can fetch impressive sums at auction.
What is The Wrong Planchet on a 1956 Penny?
A wrong planchet error occurs when a penny is minted on metal or a blank disc intended for another type of coin. This type of error can increase the penny’s worth significantly based on the rarity and uniqueness of the error.
In Depth Lincoln Wheat Penny Value | Us Coin Apps
Date by Date In Depth Lincoln Wheat Penny Value Early Era 1909 to 1933 | |||
1909 | 1915 | 1921 | 1927 |
1910 | 1916 | 1922 | 1928 |
1911 | 1917 | 1923 | 1929 |
1912 | 1918 | 1924 | 1930 |
1913 | 1919 | 1925 | 1931 |
1914 | 1920 | 1926 | 1932 |
Date by Date In Depth Lincoln Wheat Penny Value Second Era 1934 to 1957 | |||
1934 | 1940 | 1946 | 1952 |
1935 | 1941 | 1947 | 1953 |
1936 | 1942 | 1948 | 1954 |
1937 | 1943 | 1949 | 1955 |
1938 | 1944 | 1950 | 1956 |
1939 | 1945 | 1951 | 1957 |