Are you curious to know just how much a 1956 penny worth today? If yes, then this blog is surely a treasure for you. We are going to unlock the world of the Lincoln 1956 penny and help you discover the value of this tiny metal piece from the past.
Table of Contents
ToggleHow Much Is a 1956 Penny Worth Today?
Starting with the value of a 1956 penny, it might amaze you to know that a coin from over half a century ago can be worth something today. While a regular 1956 penny in average condition may only fetch a few cents, those in superior condition or with rare features have a much higher Lincoln 1956 penny value.
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:
Category: Wheat Penny
Year: 1956
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% Tin and Zinc
Weight: 3.11 grams
Diameter: 19 mm
Obverse/Reverse Designer: Victor D Brenner
Edge: Smooth
![Specifications of Lincoln 1956 Wheat Penny](https://uscoinapps.com/wp-content/uploads/2023/10/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 1956 Coin |
|||
Date |
Good |
Fine |
Extremely Fine |
Mint State |
|
Lincoln 1956 Wheat Penny Value Up-Dated |
2023 |
||
1956 |
$0.02 |
$0.02 |
$0.04 |
$0.44 |
1956 D |
$0.02 |
$0.02 |
$0.04 |
$0.44 |
How Much Is an Uncirculated 1956 Penny Worth?
Want to know how much is a penny worth if it’s not been used and uncirculated? Well, an uncirculated 1956 penny, mint-state penny as they like to call it, can attract a value between $5 and several hundred dollars. The value of the 1956 penny that has been preserved in impeccable condition can be quite enticing for coin collectors.
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List of 1956 Wheat Penny Errors
The Lincoln 1956 penny worth money can significantly increase if there happen to be any errors or unique aspects that are not found in an ordinary penny.
Here is a list of some common errors that were made in the production of the 1956 penny:
- Doubled Die Obverse: This occurs when the letterings or images on the coin appear to be doubled due to a mistake in the coin manufacturing process.
- Repunched Mint Mark (RPM): Known as “D over D” for the 1956 penny, this error occurs when the ‘D’ (Denoting Denver Mint) mint mark is punched over a previously punched ‘D’, making it appear doubled.
- Clipped Planchet: This error refers to the situation when a part of the metal disc (planchet) that the coin is struck on has been cut off or is missing.
- Off-Center Strike: This is where the image is not struck centrally on the coin. Note that the more off-center the image is struck, the more the coin will be worth.
These errors, though considered mistakes, add a unique character to each coin and increase its value dramatically, making them highly sought after by collectors. Like to read our latest Post on 1949 Jefferson Nickel Value – Discover Their Worth
1956 Penny Facts & Trivia
Now let’s dive into some 1956 penny facts & trivia to cater to your curiosity.
- High Mintage: The year 1956 was a rather productive one in the U.S. mints. The number of Lincoln pennies minted that year was astounding, with over 1.5 billion pieces produced. This production makes the 1956 penny quite commonly found in collections.
- ‘D Over D’ Pence: What makes any ordinary-looking coin special are the unique variations and errors. In the case of the 1956 penny, the ‘D Over D’ variation is a treasure for collectors. This misprint shows a double ‘D’ mintmark symbolizing the Denver Mint on the coin.
- Error Coin Value: The value of these coins can increase significantly if they bear errors or unique features. An instance of this is a 1956 penny with the ‘D Over D’ error that was sold for a whopping $1,450 in 2018.
- Value of Uncirculated Pennies: The value of a coin shoots up if it has never been circulated. The 1956 penny is no exception. An uncirculated 1956 penny can be worth quite a lot thanks to the preservation of its fine details over six long decades.
These facts and stats remind us of the age-old adage – one man’s change can be another man’s treasure. So, the next time you hold a 1956 penny in your hand, remember you’re holding onto a little piece of history with its own story to tell.
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Frequently Asked Question
Q1: How Much is a 1956 Penny Worth Now?
The Lincoln 1956 penny value can range from a few cents to several hundred dollars depending on its condition, rarity, and any unique features it might hold.
Q2: What is the Highest Value of a Penny?
The highest value of a penny ever sold is a 1943 copper-alloy cent that fetched $1.7 million at a public auction in 2010.
Q3: Why is the 1956 Penny Rare?
What makes a 1956 penny rare are certain errors like doubled-die obverse, repunched mint marks, and clipped planchets.
Q4: What’s the Most Valuable 1956 Penny Ever Sold?
The most valuable 1956 penny ever sold is a ’56 D over D RPM error penny that fetched $1,450 in a 2018 auction.
Q5: How Many 1956 Pennies Were Made?
There were 421,877,500 pennies minted in the year 1956.
Q6: Who Designed the 1956 Lincoln Cent?
Victor D. Brenner, a Lithuanian-born American sculptor, designed the 1956 Lincoln cent.
Read also our latest Post on: 1949 Jefferson Nickel Value
In Depth Lincoln Penny Value | Us Coin Apps
Date by Date In Depth Lincoln 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 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 |
Read Also Latest Post on: 1956 Wheat Penny Value/Worth