The 1956 wheat pennies have value as numismatic coins. Keep reading to learn more about these one cent coins.

1956 Wheat Penny

Specifications

Type: Wheat Penny
Year: 1956
Face Value: $0.01
Composition: 95% copper, 5% tin and zinc
Total Weight: 3.11 grams

The US minted the 1956 wheat penny with no mint mark and also the 1956 D wheat penny. The mint mark, when present, can be found on the obverse side of the coin below the date.

Series Location Quantity Minted
1956 Philadelphia 420,745,000
1956 D Denver 1,098,201,100

Value

The 1956 wheat penny with no mint mark and the 1956 D wheat penny have similar values. Each coin is worth around $0.10 in very fine condition. In extremely fine condition the value is around $0.12. In uncirculated condition the price is around $0.30-0.35 for coins with an MS-63RB grade. Uncirculated coins with a grade of MS-65RB can sell for around $1.

Proof coins with no mint mark are available and they are each valued at around $10 in PR 65 condition. There were 669,384 proof coins minted.

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D Above Shadow D Error Coins

D Above Shadow D

There is a rare error variety for the 1955 D wheat penny. On the obverse side of the coin the D mint mark is minted above a shadow D.

The 1956 wheat penny D above shadow D error coin is worth around $10 in very fine condition. In extremely fine condition the value is around $25. In uncirculated condition the price is around $35 for coins with an MS-63RB grade.

Grading System

Very fine- Lincoln's jawbone and cheekbone are worn but still separated. The wheat heads are not worn.

Extremely fine- There is only slight wear on the coin. All of the details are sharp.

MS-63RB choice uncirculated- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent. The color is red-brown.

MS-65RB gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable. The color is red-brown.

PR 65 proof- There are no flaws to this coin. A few blemishes may be present.

 

Sources:

The Red Book


See also:

1957 Wheat Penny
1955 Wheat Penny
1954 Wheat Penny