The 1958 wheat pennies have value as numismatic coins. Keep reading to learn more about these one cent coins.

1958 Wheat Penny

Specifications

Type: Wheat Penny
Year: 1958
Face Value: $0.01
Composition: 95% copper, 5% tin and zinc
Total Weight: 3.11 grams

The US minted the 1958 wheat penny with no mint mark and also the 1958 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
1958 Philadelphia 252,525,000
1958 D Denver 800,953,300

Value

The 1958 wheat penny with no mint mark and the 1958 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 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 $8 in PR 65 condition. There were 875,652 proof coins minted.

Doubled Die Error Coins

There is a rare error variety for the 1958 wheat penny with no mint mark. On the obverse side of the coin the design elements are minted twice onto the coin. Only three of these coins are known to exist. Since these coins are extremely rare there isn't enough recent sales data to determine a price range.

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
1956 Wheat Penny
1955 Wheat Penny