1959 Penny Value: What Collectors Should Know

The 1959 Lincoln Memorial Penny is mostly sought after by collectors because of its position in history, its coinage, and distinctive markings that span an image of President Abraham Lincoln. Its design also includes markings like 'Liberty' and 'In God We Trust' to signify its American origin.

The value of the coin is based on numerous factors like mint mark, condition, and rarity, and hence the collector should be aware of these factors if he/she is going to make an intelligent choice. The majority of 1959 pennies that are circulated are worth only face value, but error coins, special feature coins, or uncirculated coins may be worth a lot more.

The 1959 penny is one of the Lincoln Cent coins that have been a staple of United States coins ever since they were put up for sale in 1909. The 1959 penny has a high copper content, which impacts the look and durability, and the 1959 penny holds a special position among America's coins.

Collectors get beneficial information about penny values from a penny worth money chart in order to find out the market value of their coins.

     Historical Background of the Lincoln Memorial Pennies

• The Lincoln Memorial Penny was minted in 1959 to celebrate Lincoln's 150th birthday with a new reverse design that highlighted the Lincoln Memorial.
• The background of the coin is in American history, and the Lincoln Memorial itself represents Lincoln's legacy and national unity depicted in the phrase "E Pluribus Unum." The appearance of the Lincoln Memorial on the reverse side is in honor of Lincoln's lasting influence and contributions to the nation.
• The mint also decided to replace the reverse design of the wheat ears with the Lincoln Memorial by Frank Gasparro to commemorate the importance and legacy of Lincoln in the history of America.
• The Lincoln Memorial pennies have been popular among collectors because of their distinctive appearance and historical significance, and collectors have flocked to find coins in mint condition.
• As an example, the 1959 Lincoln Memorial penny initiated a new age of American coins by using a commemorative design that honored Lincoln's birthday and legacy.

     Understanding the Coin’s Design

The 1959 Lincoln Memorial Penny is exceptional compared to other coins of the United States because it boasts a gorgeous design, honoring the country's history as well as President Abraham Lincoln. On the obverse, collectors will enjoy the classic portrait of Abraham Lincoln, a piece that was originally conceived by Victor David Brenner and has become a symbol of Lincoln's heritage. The reverse features the Lincoln Memorial in Washington, D.C., and the new obverse that was first introduced in 1959 by Frank Gasparro. This reverse not only honors the memory of Lincoln but is also a drastic change in the Lincoln cent series that brings an end to the old wheat ears design.

Of significance to collectors is the mint mark, which can be seen on the obverse side of the coin. Pennies made in Philadelphia don't have a mint mark, but pennies made in the Denver mint have a sharp "D." Whether the coin is available and its type may contribute to the coin's value because coins made in two different mints can vary according to scarcity and popularity among coin collectors. The combination of the Lincoln Memorial's beautiful detail and the iconic portrait of Lincoln himself makes the 1959 Lincoln Memorial Penny a valuable addition to any collection, particularly if in good condition.

     Error Coins and Varieties

• Mint mistakes, or error pennies, such as the double die obverse, can make a 1959 Lincoln Memorial Penny very valuable, and certain mint mistakes are more valuable than others.
• Minting can result in mint mistakes being formed, such as off-center strikes, which make a coin more valuable because it is unusual.
• Collectors seek out error coins and varieties, like the 1959 D penny with the obverse Lincoln Memorial and the old wheat reverse, to add to their collection.
• Error coins range in value from a few dollars to several thousand dollars based on the type and extent of the mint error, and error coins are also very popular among collectors for their uniqueness and scarcity.

     The Value of Error Coins

Error pennies are an interesting element of 1959 Lincoln Memorial Penny collecting as they have the ability to greatly add value and demand to a coin. Of all the errors, perhaps the most widely sought after is the double die obverse, in which the date and lettering are doubled as a result of a misregistration in the strike. This visual defect in steel is extremely sought after by collectors and will sell many times more than regular issues, particularly in higher grades and mint state.

Other major errors are off-center strikes, where the design is not in the correct position on the surface of the coin, resulting in a characteristic and typically dramatic look. Such mint errors are rare and will make any 1959 Lincoln Memorial Penny a special addition to a collection. The cost of such error coins is determined by several factors, including the nature of the error, its rarity, and the condition of the coin. Firms such as PCGS deal in error coin grading in terms of these factors, with those that are rare, along with being in their original and uncirculated state, being the most valuable. Finding a 1959 Lincoln cent with an already identified error for which collectors might be looking can be exhilarating as well as financially profitable, since such a coin will usually command much higher prices in the marketplace.

     Coin Condition and Grading

• The condition of the coin, as a 1959 Lincoln Memorial Penny, is the most essential factor in its worth, with circulated coins worth less than uncirculated coins. Uncirculated coins, particularly those graded as mint state, are more valuable and sought after by collectors.
• Coins are graded on the Sheldon scale from low (P-1) to mint state (MS-70), and mint state grades (MS-60 and higher) are highly valuable and command premium prices.
• Coin grading companies, like PCGS, ensure a consistent method of studying the condition and authenticity of a coin so that buyers can be sure of what they buy. Proper grading is the determining factor in assigning the exact value of a coin.
• The state of the coin may be reduced by several elements, such as wear, tear, and exposure, which reduce its value.

     The Importance of Coin’s Condition

• The state of a 1959 Lincoln Memorial Penny is important in establishing its value, and the coins in good condition are worth more than those in poor condition.
• Coins in perfect condition are worth more to collectors, but they may be hard to find, especially for coins that are not common or were miscalculated.
• Conservation and restoration would improve the coin, but would also cause it to lose its value and authenticity.
• Knowledge of what goes into the condition of a coin empowers collectors to make informed decisions when buying and selling smart.

     Deep Cameo and Proof Strike

• The condition of a 1959 Lincoln Memorial Penny is important in determining its value, and well-conditioned coins are worth more compared to poor-conditioned coins.
• Coins that are perfectly conditioned are more ideal for collectors but may be rare, particularly for non-common or miscalculated coins.
• Conservation and restoration would make the coin, yet would also remove its value and authenticity.
• Having knowledge of what affects the state of a coin allows collectors to make intelligent decisions when buying and selling.

     Collecting the 1959 Lincoln

• Collecting 1959 Lincoln Memorial Pennies is a pleasant activity, and the pennies are being collected by collectors in good condition, as well as error pennies.
• Its history and cultural importance make it worthy of being as popular, and a lot of people want to know more about its history and design.
• There are numerous resources that collectors may utilize, such as coin collecting guides and internet forums, to aid them in the hobby of coin collecting.
• Gathering a collection of 1959 Lincoln Memorial Pennies requires patience, persistence, and the capability to find out the history and value of the coin.

     Tips for Finding and Acquiring 1959 Pennies

• 1959 Lincoln Memorial Pennies can be accessed by collectors from a variety of different sources, including coin shops, online auctions like eBay, and auction houses.
• Building relationships with reputable dealers and collectors is the doorway through which the scarce and valuable coins are accessible to collectors.
• You would be wise to find the state and worth of a coin when buying or selling coins, as collectors need to understand what constitutes a coin to have value. The PCGS price is provided so that collectors can find the market value for coins in states and grades that range from bad to new.
• Going to coin clubs and visiting shows can give collectors an opportunity to access and expand needed resources and have opportunities to learn about the hobby.

     Market Trends and Economic Conditions

• Market conditions and economic conditions may affect the worth of 1959 Lincoln Memorial Pennies since demand and supply tend to change their value.
• Market trends and economic conditions must be kept current by collectors so that they know what to do when buying or selling coins.
• The coins' value may be affected by inflation, interest rates, and overall world economic trends.
• We must understand what affects the economy and market to assist collectors in succeeding in coin collecting.