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Archive for December, 2011

About The 1958 Wheat Penny

1958 Wheat Penny Facts

The 1958 Wheat Penny was next to the final edition of the entire 49 year run of the American Wheat Penny as a close last to the 1958 D. The 1958 Wheat Penny was minted in 1958 at the Philadelphia Pennsylvania mint. In 1958 there were 252,525,000 1958 pennies minted in all. Of course this figure doesn’t reflect the mint proofs that could have been minted that year at the Philadelphia mint and only includes the amount of 1958 Wheat Pennies that were poured into circulation.

How Many 1958 Wheat Pennies Were Minted?

1958 – Amount Minted 252,525,000

How Much Is A 1958 Wheat Penny Worth?

The 1958 Wheat Penny is worth between .15 cents and .60 cents on average.

This value is strictly based on the coins grade and desirability (amount minted) and doesn’t take current copper spot prices into account as these coins are made of 95% copper (except for the 1943 PS&D steel Wheat Penny) and copper prices are based upon the economy and the global stock market. This value is not iron clad, though the value of Wheat Pennies as a whole have slightly increased every single year by a small margin.

These days copper is all but considered a precious metal. And although the Wheat Penny is made of 95% copper, coin collectors don’t specifically value a coin based upon its make up, but rather its condition and overall desirability. The desirability can vary from coin to coin and is usually based upon the luster, overall condition, amount originally minted of that particular coin, year and mint mark. For instance, coins with a low mintage most often tend to be worth significantly more than others with a higher mintage.

1958 Wheat Penny


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Thursday, December 29th, 2011 About The Wheat Penny, Wheat Penny Facts No Comments

About The 1958 D Wheat Penny

1958 D Wheat Penny Facts

The 1958 D Wheat Penny was the final mint edition of the entire 49 year run of the American Wheat Penny. The 1958 D Wheat Penny was minted in 1958 at the Denver Colorado mint. In 1958 there were 800,953,000 1958 D mint pennies minted in all. Of course this figure doesn’t reflect the mint proofs that could have been minted that year at the Denver mint and only includes the amount of 1958 D Wheat Pennies that were poured into circulation.

How Many 1958 D Wheat Pennies Were Minted?

1958 D – Amount Minted 800,953,000

How Much Is A 1958 D Wheat Penny Worth?

The 1958 D Wheat Penny is worth between .15 cents and .60 cents on average.

This value is strictly based on the coins grade and desirability (amount minted) and doesn’t take current copper spot prices into account as these coins are made of 95% copper (except for the 1943 PS&D steel Wheat Penny) and copper prices are based upon the economy and the global stock market. This value is not iron clad, though the value of Wheat Pennies as a whole have slightly increased every single year by a small margin.

These days copper is all but considered a precious metal. And although the Wheat Penny is made of 95% copper, coin collectors don’t specifically value a coin based upon its make up, but rather its condition and overall desirability. The desirability can vary from coin to coin and is usually based upon the luster, overall condition, amount originally minted of that particular coin, year and mint mark. For instance, coins with a low mintage most often tend to be worth significantly more than others with a higher mintage.

1958 D Wheat Penny


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Wednesday, December 28th, 2011 About The Wheat Penny, Wheat Penny Facts No Comments

How Many Wheat Pennies Were Minted Between 1909 and 1958?

Many have sought out the answer to this question. And I have received many emails asking me to disclose the exact amount of 1909 – 1958 Wheat Pennies ever minted from all three US mints. And the answer is:

There were 25,963,890,963 minted in all between 1909 and 1958 (not counting mint proofs).


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Wednesday, December 28th, 2011 About The Wheat Penny, Wheat Penny Facts No Comments

The American Wheat Penny – A Brief History

The American Wheat Penny has become one of the most collectible coins ever minted at any of the 3 United States Mints. After 50 years and 140 separate versions of the Wheat Penny and over 25,963,890,963 (figure doesn’t include proofs) Wheat Pennies minted in all, the Wheat Penny has become one of the most collectible, and most sought after one cent coins ever minted in the US. With its 1909 debut as the very first Wheat Penny ever minted,  the 1909 VDB Wheat Penny would be the first of 4 Wheat Pennies minted in 09 (along with the finally of the Indian Penny with the 1909 and 1909 S IH).

In all there were three separate US mints who took part in pouring millions of Wheat Pennies into circulation each and every year. The most dominant and productive mint of all, the Philadelphia mint led the pack as the Denver mint came in a close second, followed by the San Fransisco mint at a loose third. These days the S mint Wheat Pennies are the hardest to find when filling Wheat Penny collections. While the D mint isn’t quite as hard to find, almost everyone has been able to locate all of the P (P mint Wheat Pennies did not bear a mint mark on the obverse) mint coins.

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Wednesday, December 28th, 2011 About The Wheat Penny, Wheat Penny Facts No Comments

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