The 1954 wheat pennies have value as numismatic coins. Keep reading to learn more about these one cent coins.
Specifications
Type: Wheat Penny
Year: 1954
Face Value: $0.01
Composition: 95% copper, 5% tin and zinc
Total Weight: 3.11 grams
The US minted the 1954 wheat penny with no mint mark and also the 1954 D wheat penny and 1954 S wheat penny. The mint mark, when present, can be found on the obverse side of the coin below the date.
| Series |
Location |
Quantity Minted |
| 1954 |
Philadelphia |
71,640,050 |
| 1954 D |
Denver |
251,552,500 |
| 1954 S |
San Francisco |
96,190,000 |
Value
The 1954 wheat penny with no mint mark is worth around $0.20 in very good condition. In uncirculated condition the price is around $0.40 for coins with an MS 63 grade. Uncirculated coins with a grade of MS 65 can sell for around $2.20.
The 1954 D wheat penny is worth around $0.20 in very good condition. In uncirculated condition the price is around $0.40 for coins with an MS 63 grade. Uncirculated coins with a grade of MS 65 can sell for around $2.20.
The 1954 S wheat penny is worth around $0.20 in very good condition. In uncirculated condition the price is around $0.40 for coins with an MS 63 grade. Uncirculated coins with a grade of MS 65 can sell for around $2.20.
Proof coins with no mint mark are available and they are each valued at around $8 in PR 65 condition. There were 233,300 proof coins minted.
Grading System
Very good- Half of the lines in the upper wheat heads are visible.
MS 63 choice uncirculated- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent.
MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable.
PR 65 proof- An attractive coin with only small flaws. A few blemishes or contact marks may be present.
Sources:
The Red Book
See also:
1955 Wheat Penny
1953 Wheat Penny
1952 Wheat Penny