Over one billion Wheat Pennies were minted in total for the 1957-D. The Denver Mint has produced an incredible quantity of coins—more than one billion—for the past two years. Finding the 1957-D Wheat Penny in the majority of circulating and uncirculated grades is not too difficult. Since the majority of the currency was released into circulation, it might be challenging to locate in some of the higher Mint State grades.
To find out more about the 1957 D Wheat penny, keep reading.
Historical Background of the 1957 D Wheat Penny
Over one billion Wheat Pennies were minted in total for the 1957-D. The Denver Mint has produced an incredible quantity of coins—more than one billion—for the past two years. Finding the 1957-D Wheat Penny in the majority of circulating and uncirculated grades is not too difficult. Since the majority of the currency was released into circulation, it might be challenging to locate in some of the higher Mint State grades.
To find out more about the 1957 D Wheat penny, keep reading.
Historical Background of the 1957 D Wheat Penny
To commemorate the 100th anniversary of President Lincoln's birth, the United States initially minted Lincoln cents in 1909. Victor David Brenner was enlisted by President Theodore Roosevelt in 1908 to assist in revamping the US monetary system. Brenner was assigned to create a new design for the penny, while Augustus Saint-Gaudens redesigned the gold ten- and twenty-dollar pieces. Bella Lyon Pratt was tasked with redesigning the $5 and $2.50 gold coins. These creators completed the group of artists referred to as the American Coinage Renaissance.
President Roosevelt chose President Lincoln as the face of US currency after seeing a plaque of him on display in Brenner's studio. The first design by Brenner was based on this plaque. The Lincoln cent has the date and mint mark on the right, LIBERTY to the left, IN GOD WE TRUST above the head, and a profile image of President Lincoln from the shoulders up.
On the back, there are two wheat stalks arranged side by side. UNITED STATES OF AMERICA lies directly beneath ONE CENT, with E PLURIBUS UNUM arcing across the top. Brenner signed his three initials (V. D. B.) at the bottom of the original 1909 issue's reverse. The use of all three of his initials infuriated the mint's traditional coin designers. Following a brief minting cycle, the dies were altered and the initials were eliminated.
Minting Details and Specifications
|
| Mintage |
1,051,342,000 |
| Mint Location |
Denver |
| Designer |
Victor D. Brenner |
| Years in Production |
1909-1958 |
| Metal Composition |
95% Copper, 5% Zinc and Tin |
| Diameter |
19 mm |
| Weight |
3.11 grams |
| Purity |
-- |
Factors Influencing the Value of the 1957 D Wheat Penny
- Condition and Grading:
The coins will be graded based on their condition, just like any other coin produced in the United States.
The MS67+ RD is the most well-known 1957 penny specimen that is currently on hand. Proofs of PR67 Red that have also been identified as Deep Cameo (DCAM) or Ultra Cameo (UCAM) have been released; nevertheless, high-end collectors should attempt to obtain an MS67 or 67+, which have recently sold for between $9,000 and $25,000.
- Rarity and Mintage:
Be on the lookout for wheat pennies featuring double dies and other defects – they are extremely rare coins that carry a substantial value in the coin-collecting industry.
These ancient coins include several incorrect strikes that are only visible with a magnifying glass, but some are apparent.
- Historical Significance:
The 1957-D Lincoln Wheat Penny holds historical significance as it was struck in Denver, Colorado, to commemorate the centennial of Abraham Lincoln. The penny, which is a part of the 1909–1958 Lincoln Cent series, has two sheaves of wheat on the reverse and a design of Abraham Lincoln designed by Victor David Brenner on the front.
Market Value of the 1957 D Wheat Penny
It is quite possible for a collector with limited resources to obtain uncirculated samples that exhibit full mint-red color up to MS-66 Red. The price of an uncirculated specimen (MS-63) is approximately seventy-five cents on average. A 1957-D Lincoln cent with the highest grade ever assigned by a third-party certification service is MS-67+Red (PCGS), which brought $2,640 at an August 2018 Stack's Bowers auction. Higher grades are, unfortunately, hard to come by due to the Denver Mint's large-scale coin processing, which left every coin with a tiny amount of bag markings.
Circulated examples of the 1975-D wheat dime without any issues can be bought for ten to fifteen cents. The coin must be rated by one of the best third-party certifying services, such as NGC or PCGS, for grades MS-66 and above.
|
| G4 |
$0.04 |
-- |
-- |
| VG8 |
$0.04 |
-- |
-- |
| F12 |
$0.05 |
-- |
-- |
| VF20 |
$0.06 |
-- |
-- |
| XF40 |
$0.08 |
-- |
-- |
| AU50 |
$0.10 |
-- |
-- |
| AU53 |
$0.12 |
-- |
-- |
| AU55 |
$0.13 |
-- |
-- |
| AU58 |
$0.15 |
-- |
-- |
| MS60 |
$0.25 |
-- |
-- |
| MS61 |
$0.30 |
-- |
-- |
| MS62 |
$0.60 |
-- |
-- |
| MS63 |
$0.75 |
-- |
-- |
| MS64 |
$1.00 |
$2.50 |
$7.00 |
| MS65 |
$2.50 |
$7.00 |
$11.00 |
| MS66 |
$12.00 |
$20.00 |
$22.00 |
| MS67 |
$130.00 |
$225.00 |
$350.00 |
| MS68 |
$2,500.00 |
$3,000.00 |
$4,000.00 |
| MS69 |
-- |
-- |
-- |
| MS70 |
-- |
-- |
-- |
Collecting the 1957 D Wheat Penny
There are a few factors you should take into account when attempting to estimate the value of a 1957 Lincoln. First of all, most years saw the production of several varieties of Lincoln pennies. Knowing this, it should go without saying that the precise kind of Lincoln cent you own will have a significant impact on its worth. In addition, the coin's grade must be taken into account because the condition has a significant impact on price.
Conclusion
The 1957-D Wheat Penny, with its impressive mintage and historical significance, remains a popular and accessible collectible for coin enthusiasts. Despite the large number minted, finding higher-grade specimens can be challenging, adding to their value.
The penny's design by Victor D. Brenner and its commemoration of Abraham Lincoln's centennial further enhance its appeal. Understanding factors such as condition, rarity, and historical context is essential for collectors aiming to determine the penny's worth.
Whether you are a seasoned collector or just starting, the 1957-D Wheat Penny offers a fascinating glimpse into American numismatic history and a tangible connection to the past.
