1959 Penny Value – When looking at some old coins’ value, such as the 1959 penny value, we might not think of it as a valuable coin, since well, it is just a penny after all. However, many people don’t know that some pennies might have some hidden intrinsic value, and they can be worth more than expected. Some of the 1959 s penny value, as well as the 1949 p penny value, can be worth more than you think, more than their initial face value.
Even though the 1959 penny value isn’t worth much, since it is just a copper penny, that doesn’t have its initial metal value in weight, some of the pennies can be worth more than you think.
This is partly because of the rarities, as well as some error pennies, as well as some of the collective value that makes some of the 1959 pennies worth your money. Some collectors might even want to pay hefty sums of money for it.
If you are still an amateur and don’t know much about coin grading, old coin collections as well as some valuable 1959 penny value, then you need to read up first on how the lowest value of coins, that were used for the bottom of transactions, as a change, and sometimes can be found anywhere from under the rugs, couch, etc. can have so much value, and why is a 1959-d penny worth so much.
The Specifications and The Composition of The 1959 Lincoln Penny
Most of the 1959 penny value isn’t the most valuable coin, as it will be worth around the same as its initial face value of $0.01. However, some of the premium graded coins or uncirculated coins like the 1959 d penny value, as well as some of the 1959 wheat penny value grade MS could reach more than $50 to even worth more than $1000, that is some rough sketch of 1959 penny value.
How some of these coins can be graded, and how some of the 1959 Lincoln penny value can worth more than their initial face value?
Let’s keep reading it shall we know more about how these one cents can be worth much more than its paper dollar.
However, we need to know first about the complete specifications, as well as the compositions of the Lincoln 1959 wheat ear penny that makes them well, a cent.
Specifications:
- Total Weight: 3,11 grams
- Type: Lincoln Wheatear Penny
- Initial Face Value: $0.01
- Year minted: 1959
- Metallic Composition: 5% composition of tin and zinc, and 95% copper.
Even though the Lincoln 1959 Wheat penny is no more valuable than its predecessor, one thing you should keep in mind is that the 1959 wheat penny’s value is more than the Lincoln penny that has produced post the 1960s to 1970s.
This is mostly because, during the 1960s, the United States America government issued a change in penny composition, changing the copper composition of one cent, into mostly tin, or alloy.
Before the changes, the composition is around 95% Copper with the rest 5% zinc or tin, this made some of the 1959 penny value increase as the price of copper also increased, and made it more valuable.
However, after the changes, it made the pennies worth less, due to the pricing of the alloy itself, way lesser and more valuable than copper. This is also one thing that affected the 1959 penny value.
The US government has issued three different 1959 Lincoln pennies, of course as of today, three different 1959 penny values depending on each variety. These are the 1959 Lincoln copper penny, the 1959 D Lincoln coin, and also the 1959 S Lincoln coins.
The differences between them are the D or S mark that may or may not appear, as well as the quantity of the coins, and the place it has been minted.
One thing that affects the 1959 penny value, other than its error with the 1959 penny error list is the variety of each coin.
The worthwhile 1959 penny value that we should talk over is the 1959 Lincoln wheat penny, as well as the 1959 D Lincoln penny.
The 1959 Lincoln wheat penny was minted in Philadelphia with a total quantity of minted was 609.710.000; it is one of the most standard 1959 penny coins.
The 1959 D Lincoln penny was minted in Denver, hence the D mark it has on it. It was minted with a total quantity of 1.280.750.000, which is quite a lot, hence it is way more common than its no-mark predecessor.
Different from the 1959 penny with no mint mark, the Denver coin has a D mark on it, and the mark can be found under the dates on the observable side of the Lincoln penny.
The History of The 1959 and What Makes Some 1959 Penny Value More
The 1959 Lincoln wheat is a part of the US wheat ear penny. The United States first minted this series of pennies in 1909 ( 1909 wheat penny error ); it was first issued as the celebration of the 100th anniversary birthday of US President Abraham Lincoln.
The part of the 1959 penny value lies within its history, as well as the value, compositions, and what makes them rarities.
The 1959 Lincoln penny has a reverse design that features two wheat ears penny, while on the observable side is the bust of President Abraham Lincoln, with the dates, as well as the mark on it.
The one who design the new reverse side for the coin was Frank Gasparro, and it was designed to commemorate the 150th Anniversary of Lincoln’s Birthday too later in 1959.
From 1959 through 1982, the Lincoln pennies were composed of Copper, as it was most of the old pennies.
It was composed of 95% of copper, which makes people sometimes wonder how much a 1959 penny worth is compared with the other pennies that have less copper value, ( 1982 penny error list ). The diameter of the coin is 19mm, and the weight is around 3.11 grams.
In 1982, there are changes in the composition of the Lincoln penny, changing from copper composition to mostly copper alloy penny (Changing from 95% copper composition to around 99.2% of Zinc).
This change is mostly because of the changes in copper prices, and inflation, as well as the increasing demand and use for copper in industrialization that made the US want to save for its copper reserve. Changing it into less valuable, but the same use of copper alloy.
The Market Analysis of The 1959 Penny Value
Even though the Lincoln pennies are generally very common, with most of the 1959 wheat pennies are worth not more than $5, especially since most of them are in circulation today.
However, there are some Lincoln cents that are worth more than copper value and even some of the uncirculated pennies can increase their value by more than a couple of 15 dollars.
1959 penny value when melted is around 2.5 cents worth when you melt the copper. These are the melt value of the 1959 Lincoln cents; however, it is illegal to melt the coin, so, do it at your own risk, and accord.
The Lincoln pennies that were made from 1959 to 1982 that have at least 95% copper will have their value of melted copper, while the alloy copper might not be worth that much.
See Also: 1962 Penny Value, 1963 Penny Value, 1965 Penny Value, 1967 Penny Value, 1958 Penny Value, 1960 D Penny Value, 1964 Penny Value
1959 Error Lists, and Some Errors That Are Worth Some Money
One factor that might make some of the old pennies can be worth so much, is the error pennies. If you don’t know about error pennies, basically they are pennies that have certain errors on them; either it can be errors from the mintage or environmental errors.
Generally, the mintage errors are valued more, and it can even cause some of the 1959 penny value no mint mark to go high.
Many penny errors make some of the circulated grade pennies increase their value. For example, there are some penny errors such as the close A-M penny in some of the Lincoln pennies, the Double die penny, as well as the wide AM pennies, and so on.
To make sure you understand and are able to distinguish the best, as well as the most profitable errors, here is the 1959-d penny error list:
- Close and Wide AM Pennies – The close or wide AM pennies are the pennies that have slightly closer or wider AM initials on their reverse side. It can be inspected through magnifying glasses, but some good collectors can distinguish it fairly easily.
- Double Die Penny – The double die pennies are the pennies that appear to have double died from the mintage. It is valued more because there is more mintage, and die materials inside it.
- Die Cracked Penny – The same as the double die penny, the die crack pennies are penny that has their die appear cracked, making them worth more because the material of the die will appear more, due to the inflated, and so on.
Frequently Asked Questions Regarding The 1959 Pennies Worth Money
If you are planning to collect the Lincoln wheat pennies, starting with some of the copper pennies, you should study each era’s coin, each year, as well as the value of metal composition on each of the older coins.
Most amateur coin collectors will have a lot of questions regarding the Lincoln pennies, to help you get better knowledge, here are a few of the interesting frequently asked questions.
How Much is a 1959 D Penny Worth?
Generally speaking, there are many different 1959 penny values with different types and variety, from the D-penny to the Philadelphia penny has its values as well as worth in the eye of collectors. The 1959 Penny is mostly only worth around $0.1, while The 1959 penny no-mint mark error pennies can be worth around $5 to $25. Some of the D Penny would improve its value and would be at least worth $10.
Is a 1959-D Penny Rare?
Is a 1959 Wheat Lincoln penny, rare? And Is a 1959 Penny rare too? Well to be concrete, the 1959 series of Lincoln penny is very common, as it is one of the most common Lincoln pennies in circulation too. Compared with other rarer types of pennies, or the uncirculated ones, the 1959 Penny is mostly circulated with a value just around the same as its initial value of one cent.
Is a 1959 Penny Worth Anything?
Most of the 1959 penny, won’t be worth anything if it is just regular circulated pennies, they will just worth around the same as the initial value of $0.1. It can be melted to get the copper value of the pennies, around $0.25, however, it is illegal to melt the coins, so make sure to know about the rules and regulations, and take a risk for them.
Some of the penny worth money is the uncirculated pennies, as it is more pristine, and considered rare gems. It isn’t just everyday money, as you can’t find it anywhere, and anytime.
The uncirculated pennies are pennies that aren’t in circulation.
Looking for More Information About Coins? Check Other Years From This Lincoln Coin Series:
1959 1960 1961 1962
1963 1964 1965 1966
1967 1968 1969 1970
1971 1972 1973 1974
1975 1976 1977 1978
1979 1980 1981 1982
1983 1984 1985 1986
1987 1988 1989 1990
1991 1992 1993 1994
1995 1996 1997 1998
1999 2000 2001 2002
2003 2004 2005 2006
2007 2008 2009
So, in conclusion, the 1959 Lincoln wheat penny isn’t the rarest, and most valuable pennies, compared with rare kinds, and uncirculated pennies.
However, some of the uncirculated pennies of the 1959 series can increase their value based on the rarities, grading, as well as error pennies.
Refers to our error chart, and grading system to know more about the penny value, and understand more about it.
1959 D Penny Error Photos and Varieties
Even though the 1959 penny is not the most valuable pennies, as it is also very commonly circulated pennies, the 1959 penny value could increase based on the current value, the rarities, grading, and also some error pennies. If you want to hunt for some valuable, error pennies, then good luck, as finding the error pennies can be quite hard, and the chances of finding one are vanishingly small.
Related:
1979 Penny Value
1971 Penny Value
1976 Penny Value