Who designed the original Lincoln Penny

How much is a 1957-d wheat penny worth? 2021 - Todo web media

The United States Mint produced 1,051,342,000 1957 D Lincoln pennies at the Denver, Colorado mint. The Denver Mint produced its first coins in 1906, which consisted only of silver and gold coins. It wasn't until 1911 that the first Lincoln cents rolled off the embossing presses. It is still in its original location at 320 W. Colfax Ave., Denver, CO, with scheduled tours operating almost daily.

Originally, all coin-operated tools were made at the Philadelphia Mint site and then shipped to Denver. In recent years, the mint has moved some mold making activities to the Denver mint. Thanks to the use of modern technology, the same high-quality tools are produced regardless of the location of the mint.

History of the Lincoln Cent

The United States first produced Lincoln cents in 1909 to mark the 100th birthday of President Lincoln. President Theodore Roosevelt recruited Victor David Brenner in 1908 to help revise the United States' monetary system. Brenner was hired to come up with a new design for the penny, while Augustus Saint-Gaudens redesigned the $ 10 and $ 20 gold coins and Bella Lyon Pratt redesigned the $ 2, $ 50, and $ 5 gold coins . These artists rounded off what is commonly known as the renaissance of American coinage.

A plaque of President Lincoln in Brenner's studio inspired President Roosevelt to choose Lincoln as the subject for American coinage. This board served as the basis for Brenner's first draft. The coin features a profile view of President Lincoln from the shoulders up with IN GOD WE TRUST above his head, LIBERTY on the left and the date and mint mark on the right.

On the back there are two wheat stalks that are aligned on both sides. E PLURIBUS UNUM towers over the top, ONE CENT is in the center and the UNITED STATES is just below it. On the back of the original edition from 1909, Brenner placed his trio of initials (VDB). The use of all three of his initials sparked the outrage of traditional coin designers at the mint. After a brief repetition of the embossing, the matrices were modified and the initials were removed.

Valuation considerations

Most collectors will be able to find coins in circulation that are in very good to very good condition. This is mainly due to the fact that the wheat stalk reversal design was replaced with the Lincoln Memorial design in 1959. As always, the public began to withdraw the "old" design in order to keep it for future generations.

This hoarding of coins also brings with it large amounts of non-circulating 1957-D Lincoln pennies, as the coin collecting community had a "role-collecting mentality" during this period. Although the mintage for this issue exceeded a billion coins, most coins that are not in circulation are usually with full details.

Value of a 1957-D wheat penny

A collector with limited resources can reasonably obtain uncirculated specimens in full mint red color all the way up to MS-66 Red.

An average copy with no circulation (MS-63) costs about seventy-five cents. The highest grade a third-party certification service has ever given a 1957-D Lincoln Cent is MS-67 + Red (PCGS), which sold for $ 2,640 at a Stack's Bowers auction in August 2018. Higher notes are hard to find because handling coins at the Denver Mint resulted in all of the coins showing tiny pouch marks.

Copies that are in circulation without any problems can be purchased for around 10 to 15 cents.

classbrownRed &
brown
red
G4$ 0.05--
VG8$ 0.05--
F12$ 0.06--
VF20$ 0.07--
XF40$ 0.09--
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$ 1.10$ 3.00$ 8.00
MS65$ 3.00$ 7.50$ 12.00
MS66$ 12.00$ 20.00$ 22.00
MS67$ 130.00$ 225.00$ 350.00
MS68---
MS69---
MS70---

Top 10 auction records of the 1957-D Wheat Penny

A search of over eighteen years of auction records from Bowers & Merena, David Lawrence Rare Coins, eBay, Great Collections, Heritage Auctions, and Stack's Bowers resulted in nearly 1,000 1957-D Lincoln pennies auctioned.

  1. $ 4,945 in November 2007; David Lawrence Rare Coins; MS67 (PCGS)
  2. $ 4,428 in August 2007; Bowers & Merena; MS67 (PCGS)
  3. $ 4,370 in July 2008; Stack's; MS64 (PCGS)
  4. $ 4,313 May 2005; Heritage Auctions; MS67 (PCGS)
  5. $ 4,025 January 2009; Heritage Auctions; MS67 (PCGS)
  6. $ 3,995 in June 2015; Heritage Auctions; MS67 + (PCGS)
  7. $ 3,910 in December 2005; Bowers & Merena; MS67 (PCGS)
  8. 3,738 USD in April 2010; Heritage Auctions; MS67 (PCGS)
  9. $ 3,738 in December 2008; Heritage Auctions; MS67 (PCGS)
  10. $ 3,738 April 2006; Heritage Auctions; MS67 (PCGS)

Varieties of the 1957-D Wheat Penny

With more than a billion 1957 D Lincoln cents being produced at the Denver Mint, several types of postmark would be expected in this issue. However, strain experts John Wexler, Kevin Flynn, and Billy G. Crawford have identified only four different strains. All of these varieties are classified as minor and offer very little appreciation over a non-varietal specimen.

  • Doubled front; Catalog ID: CDDO-001
    This variety shows a nice duplication of the letters of LIBERTY and the motto. In addition, there is a newly punched mintmark that is shifted directly to the south.
  • Doubled front; Catalog ID: CDDO-002
    The second variety has very slight doubles and notches on the letters LIBERTY and the number “9” and the date.
  • Doubled front; Catalog ID: CDDO-003
    This is also an example of an extremely small doubling of the word LIBERTY and some references to a doubling of the digits “9” and “7” in the date.
  • Doubled front; Catalog ID: CDDO-004
    The final strain is extremely difficult to identify based on just one diagnosis. Look for an extra eyelid southeast of the dominant eyelid.