The 1955 D Wheat Penny is among the coins that coin collectors strive to build a complete set of as it is one of the most popular series in the United States. While millions of the 1955 D Wheat pennies were produced by the Denver mint, they are not readily available as they are primarily kept in collections and coin hoards.
The 1955 d wheat penny value is $0.30 in uncirculated conditions. However, their worth is the same as the 1955 pennies without the mint marks if they are in good or fine condition. Certified 1995 pennies in the mint state can have a value of $8 or more depending on the situation at the market.
If you are passionate about the 1955 d wheat pennies, investing time to find more information will help reward your coin collection efforts. Reading this article will give you the essential details to advance your hobby.
What Is The 1955 D Wheat Penny?
As the name suggests, the 1995 D wheat penny was minted in 1955 in the US by the Denver mints. It is made up of copper, tin, and zinc. Like other pennies minted in the era of Lincoln, it features an Abraham Lincoln profile on its obverse side with the inscription "IN GOD WE TRUST" and "LIBERTY ."Since the features on the 1955 d wheat penny are similar to Lincoln's pennies, the best way to distinguish it is to look at the year it was produced.
The Features Of The 1955 Penny
Whenever you find yourself unable to identify the 1955 d wheat penny value, there are several features that you can use to make the distinction.
The Head (Obverse) Features
The head of the 1955 d wheat penny features an image of Abraham Lincoln. The inscription on the left side of "LIBERTY" is raised. On the other side of the coin, you should notice the year 1955, while across the top is the inscription "IN GOD WE TRUST."
The Tail (Reverse) Features
Two inscriptions that dominate the tail side of the 1955 wheat penny are the; "UNITED STATES OF AMERICA" and "ONE CENT" In addition, there is a wheat stalk on the left outer edge and another on the right edge. The "E Pluribus Unum" inscription is evident on the top of the 1995 cent tail.
Another essential component of coins that any coin collector would want to pay close attention to is the metal used to make them. The 1955 d wheat penny is made up of a combination of 5% zinc and tin and 95% copper. Further, the penny has a diameter of 19.05 and weighs 3.11g.
1955 S Penny
The 1955 s penny is among the last circulating pennies bearing an S mint mark until the late 1960s. Nonetheless, 1955 is not a scarce coin, making its value a bit lower except for the grades of MS67 or any other level.
Generally, the value of an average circulated condition of a 1955 s penny is worth 15 cents, while the one in a certified mint state can bring as much as $ 3.
1955 D Penny
Although Denver produced the largest pennies in 1955 by striking over 563,257,550 cents, the 1955 d penny variety is not scarce on the rarity scale. Experienced coin collectors go for the average or high-quality coins from this category.
Notably, the 1955 d penny is readily available since it was produced in large numbers. This allows the collectors to expand their inventory as much as possible.
How Much Is A 1955 Penny Worth
The worth of a Philadelphia 1955 penny is around $0.02 if it is in fine or good condition. A 1955 wheat penny minted at San Francisco will have a slightly higher value at $ 0.03. Notably, if the 1955 S penny is proof, its worthiness shoots to about $22. The 1955 D pennies in uncirculated condition have a value of $ 0.3 in the mint state.
How To Tell If A 1955 Penny Is Double Die
1955 doubled die cent refers to various pennies that came into existence during the production of 1955 wheat pennies. It is one of the most famous errors in the history of the United States Mint. The doubling on the head side is usually intense, and anyone can quickly notice it without magnification. It is also prevalent in the two inscriptions, "IN GOD WE TRUST" and "LIBERTY" The tail side of the coin does not exhibit a similar error.
1955 Double Die Penny Released Into Circulation
With such an error, a beginner would imagine that the 1955 double die penny should not have found its way to circulation. However, when the employees discovered the mistake, several such pennies had already been combined with the properly minted pennies. Walter Breen in the coining room approximated that about 24000 double die 1955 pennies had mixed with over 10 million cents. Consequently, he decided it would not be economically feasible to melt over 10 million cents for a relative number of pennies with a mint error.
In the following few months, the 1955 double die penny began to show up in circulation. Most of these pennies were found around Western Massachusetts, Boston, and some parts of New York.
The Value Of The 1955 Double Die Penny
The demand for the 1955 wheat penny is relatively high in the United States, making it the best option for coin collectors. However, the supply is small compared to the number of collectors who want to own the coin, rendering it pretty valuable.
The 1955 double die penny can sell at $800 – $2700 depending on its condition and the situation on the market.
Factors Influencing The Value Of The 1955 Penny
Assuming you have a collection of the 1955 pennies, how will you determine the worth of your 1955 wheat penny collections? Here are some of the factors to put into account when assessing the value of your coins.
The role of the grade is to determine the condition of the coin. There are four grades that you need to comprehend. They include;
- Uncirculated – if a 1955 penny is in this grade, it means that it has been stored since its production and therefore does not show any signs of tear and wear.
- Extremely Fine – Pennies in this grade have been in circulation for a short time; hence they have minor flaws.
- Fine – 1955 pennies in this grade have been in circulation for a significant period, and therefore, they have signs of visible damage all over their surface.
- Good – A lot of damage characterizes a penny in this grade. The unappealing nature of this grade may make it unattractive to collectors.
Misstruck/error coins are unbelievably more expensive than regular-produced coins. The doubled die error is famous in the 1955 wheat penny in the United States.
These pennies were produced because the coin die was manufactured incorrectly. Consequently, two images or letters appear on one side of the coin.
The 1955 double die penny is precious, making it one of the most sought-after coins. It can fetch as much as $ 2000.
Rarity is another significant factor that influences the price of pennies. The 1955 pennies that are rarer are more valuable than those that exist in abundance. This is because the available number is less than the people hunting for it. For instance, the 1955 s cents are rarer than the 1955 pennies. Therefore, the 1955 cents are more valuable.
The 1955 wheat penny, whose face value is $0.01, is worth your effort as its real value ranges from $0.02 to thousands of dollars. The value of the 1955 penny is influenced by grade, rarity, and error. You should beware of counterfeits if you want to purchase these coins to add to your correction.
Shawn Manaher loves to play with new toys and dive into new hobbies. As a serial entrepreneur, work definitely comes first but there is always room for hobbies.