btlowry4

1 years ago

CURRENCY

958 Lincoln penny 1

Key Facts & Value

Key Fact

Historical significanceThe 1958 Lincoln penny is the last year of the Wheat Ears design, which was minted from 1909 to 1958. This design features the portrait of Abraham Lincoln on the obverse and two wheat ears on the reverse, symbolizing prosperity and abundance. The transition to the Lincoln Memorial design in 1959 marked a significant change in American coinage, making the 1958 penny a notable collectible.

DesignerThe Lincoln penny was designed by Victor David Brenner, a Jewish immigrant from Lithuania. His design was first released in 1909 to commemorate the 100th anniversary of Lincoln's birth, and it has become one of the most recognized coins in American history.

Material CompositionThe 1958 penny is primarily made of copper, which is notable because the coin's composition changed in 1982 to include zinc due to rising copper prices. Collectors often seek out pre-1982 pennies for their higher copper content.

Value Fact

The value of a 1958 Lincoln penny largely depends on its condition, rarity, and demand among collectors. While a typical circulated penny may only be worth a few cents, uncirculated versions can fetch significantly higher prices. Furthermore, error coins—such as those with misprints or unusual characteristics—are highly sought after in the numismatic community and can command premium prices.

Factors that enhance the value of this item include its historical significance as the last of the Wheat pennies, its demand among collectors, and the potential for rare variants or errors.

Item Details

Official Details

CategoryCurrency

Year1958

Country of OriginUnited States

Length-

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DenominationOne Cent

CurrencyPenny

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Designer-

Currency SeriesWheat

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Printer-

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Krause Number1

btlowry4 Details

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