The 1957-D Wheat Penny is a classic coin featuring Abraham Lincoln on the obverse and wheat stalks on the reverse. The “D” mint mark signifies that it was minted in Denver, and it was struck from 95% copper. This coin is part of the final series of Wheat Pennies before the design switched to the Lincoln Memorial in 1959. Its high mintage and relatively affordable value make it a popular choice for collectors. In this article, we’ll cover the coin’s history, its significance, and current values for different grades.
History of the 1957-D Wheat Penny
With over 1 billion coins produced, the 1957-D Wheat Penny marks the second year in which the Denver Mint minted over a billion pennies, making it readily available in various conditions. Though circulated and lower-grade uncirculated examples are common, high-grade coins are relatively scarce due to the large number that entered circulation soon after minting.
This coin was designed by Victor David Brenner, an artist commissioned by President Theodore Roosevelt, who wanted more artistic U.S. coin designs. Brenner’s profile of Lincoln, originally created for a plaque, was adapted for the Wheat Penny. On the reverse, the design features two stalks of durum wheat, symbolizing prosperity.
1957-D Wheat Penny Value
The value of a 1957-D Wheat Penny depends on its condition, color, and rarity. Here’s a quick summary of what to expect:
- Circulated Condition: Typically worth about 5 cents due to its high mintage.
- Uncirculated Condition: Coins in good uncirculated condition can range from a few dollars to several hundred dollars, depending on grade.
- Exceptional Grades: Coins graded MS-67 or higher can fetch around $1,000, though prices vary based on collector demand and the coin’s appeal.
- Error Coins: Certain errors, such as double dies or re-punched mint marks, make the 1957-D Wheat Penny even more valuable, sometimes reaching prices in the thousands.
Key Details of the 1957-D Wheat Penny
| Feature | Details |
|---|---|
| Type of coin | Penny |
| Mint mark | Denver (“D”) |
| Mintage | 1,051,342,000 |
| Metal content | 95% Copper, 5% Zinc and Tin |
| Face value | 1 cent |
| Weight | 3.11 grams |
| Edge | Plain |
| Designer | Victor David Brenner |
| Diameter | 19.00 millimeters |
Collecting Tips for the 1957-D Wheat Penny
For collectors, finding coins in the highest grade possible is key. When choosing coins, look for:
- Spot-Free Coins: Avoid carbon spotting, which can reduce the coin’s appeal.
- Sharp Strike: High-quality coins should have sharp details and clear features.
- Color: Coins in “full red” are usually more valuable than those with brown or red-brown coloring.
High-grade coins are more valuable and desirable, as are error coins with distinctive characteristics like doubling or off-center strikes.
Frequently Asked Questions (FAQ)
What is the 1957-D Wheat Penny worth?
A circulated 1957-D Wheat Penny is generally worth around 5 cents, while uncirculated coins can fetch anywhere from a few dollars to hundreds, depending on the grade.
Is the 1957-D Wheat Penny rare?
No, due to its high mintage, it’s a common coin. However, high-grade examples or those with mint errors are rarer and more valuable.
What factors influence the value of a 1957-D Wheat Penny?
The primary factors include the coin’s condition, color, grade, and the presence of any minting errors.
What is the highest sale price recorded for a 1957-D Wheat Penny?
The highest sales are generally for error coins or exceptionally high-grade examples, which can sell for several thousand dollars.
How can I tell if my 1957-D Wheat Penny is valuable?
Examine the coin’s condition, look for potential errors, and consider consulting a reputable grading service or numismatic expert.
Does the condition of a 1957-D Wheat Penny significantly affect its value?
Yes, coins in better condition and higher grades are generally much more valuable.
Are there known errors on the 1957-D Wheat Penny?
Yes, known errors include re-punched mint marks and double dies, which can add value.
What makes the 1957-D Wheat Penny unique?
Its significance comes from being one of the last years of the Wheat Penny series, and unique errors make some coins even more distinctive.
Is the 1957-D Wheat Penny a good investment?
High-grade and error examples can be worthwhile for collectors, though most circulated coins hold minimal investment value.
Where can I sell a 1957-D Wheat Penny?
Coin dealers, numismatic auctions, and online platforms are good places to sell, especially if the coin is high-grade or has a notable error.
How does the 1957-D Wheat Penny fit into a Wheat Penny collection?
Being one of the final Wheat Penny issues, it’s essential for completing a Lincoln Wheat Cent collection.