View cart for details. In extremely fine condition the value is around $0.25. MS-65RB gem uncirculated- There is strong luster and eye appeal. Uncirculated coins with a grade of MS-65RB can sell for around $2. I'm also the editor at CDN Publishing (a trusted source for the price of U.S. rare coins), editor at the Florida United Numismatists Club (FUN Topics magazine), and author of Images of America: The United States Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). CoinTrackers.com has estimated the 1950 Wheat Penny value at an average of 15 cents, one in certified mint state (MS+) could be worth $13. This post may contain affiliate links. CoinTrackers.com has estimated the 1950 Wheat Penny value at an average of 15 cents, one in certified mint state (MS+) could be worth $13. SilverRecyclers.com is not a dealer or refiner. Free shipping. This category of penny had a long run of 50 years of production from the US mint. While the US Mint struck hundreds of millions of pennies for use in circulation in 1950, there were also tens of thousands of special proof 1950 pennies made at the Philadelphia Mint for coin collectors. In uncirculated condition the price is around $0.85 for coins with an MS-63RB grade. Brenner’s design on the obverse featured a bust of Lincoln facing right, with “IN GOD WE TRUST” centered above it. 10 Most Valuable Walking Liberty Half Dollars. The reverse design shows two wheat ears surrounding the words “UNITED STATES OF AMERICA” and “ONE CENT”. In uncirculated condition the price is around $0.60 for coins with an MS-63RB grade. The mintage of Wheat Pennies in 1950 was the first time since the second World War ended that proof pennies were issued. So, it’s important to know whether your 1950 penny is circulated or uncirculated. Denver struck by far the most: 334,950,000. Collectors frequently select the Wheat Penny as the very first series to collect because of its high visibility and price, and because of its long run, this allows collectors to enjoy finding these coins widely. We have a great online selection at the lowest prices with Fast & Free shipping on many items!
334,950,000 struck, placing 9th highest of all wheat years. Type: Wheat Penny They generally exhibit mirror-like surfaces.
The coin in the picture is the coin you will receive. Composition: 95% copper, 5% tin and zinc This was almost double the amount struck by San Francisco, which struck 118,505,000 quarters. Numismatic Value: 15 cents to $13.00 Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around 15 cents, If you’ve found your 1950 wheat penny in pocket change, then it will have some degree of wear.
There were 51,386 proof coins minted. Designed by Victor D. Brenner, the Wheat Penny, officially known as the Lincoln cent, featured a former president for the first time, despite protests from conservatives which desired to hold to the old standard of not putting presidents on coins, based on the direction from George Washington. In addition to the links I’ve included above, here are some other resources to help you learn more about your 1950 wheat penny: I’m the Coin Editor here at TheFunTimesGuide. Roughly, this coins value, in average condition, can be estimated to be valued at about $0.15, while a 1950 Wheat Penny in certified mint state (MS+) condition might auction for as much as $13*. In uncirculated condition the price is around $0.85 for coins with an MS-63RB grade. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values.
Millions are tucked away in coin collections, so there are plenty around — even though we don’t see them in circulation too often. © 2010 - 2020 USA Coin Book. Silver Content: 0% The US minted the 1950 wheat penny with no mint mark and also the 1950 D wheat penny and 1950 S wheat penny. The 1950 Wheat Penny, featuring the Lincoln bust and Wheat Reverse, is a coin loved widely by collectors and investors, alike, with an interesting history and origin story. After 1950, most pennies were minted at Denver, with a lesser amount produced at Philadelphia. View our, Wheat Penny Roll Old Coins Collection Rare Collectable Indian Head Copper Lincoln Cent Steel Mint Collector Vintage 1909-1958, 26 1909-1956 Lincoln Wheat Pennies cents Come in a Velvet Bag Good-Fine Details, 1944 Jefferson Nickel – Silver Wartime Nickel, 1950 Wheat Penny Value in Uncirculated Penny, 1907 Barber Quarter – Value in the Proof and Silver, 1952 Half Dollar – Higher Value with Full Bell Lines. It is, therefore, considered circulated. The numbers come from the United States mint, and they don't reflect coins that have been melted, destroyed, or those that have never been released. The most popular color? The 1950 wheat pennies have value as numismatic coins. Beginning a trend of out pacing the main Philadelphia mint. While we wholeheartedly try to give honest price estimates there are many factors besides appearance, metal content, and rarity that help make up the coins overall value. Call or visit your local coin dealer for more information. 1950 Wheat Penny Overview. Year: 1950 I’ve contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. Additional Info: 1950 was the first time since the war ended that the US Mint had issued proof pennies. Most collectors do have some type of Wheat Penny Collection, and it is the coin that brought most people to coin collecting in the first place. 1950-D penny (Denver): 334,950,000 minted; Value: 3 to … History of the Lincoln Wheat Penny . The date is located in the lower right of the obverse design with “LIBERTY” on the left side of Lincoln’s shoulder. The 1950 S wheat penny is worth around $0.15 in very fine condition. All of the details are sharp. The coin's luster might not be as prominent. The 1950 Wheat Penny Both in mint state and circulated grades, all are inspected looking for standout examples. This category of penny had a long run of 50 years of production from the US mint. Following minting, consumers loved the coin, but there were open criticisms about Brenner’s initials being too large, resulting in a slight design change. Proof coins are struck on polished coin blanks (called planchets) by specially prepared dies. **When we say that 272,635,000, of these coins were produced or minted in 1950 this number doesn't always match the actual circulation count for this coin. The Wheat Penny is the only coin that has seen the United States go through the Great Depression and two world wars. Despite this pushback, Theodore Roosevelt selected the 16th President Abraham Lincoln for the new penny as a way to celebrate the 100th year of his birth. Copyright © 1995-2020 eBay Inc. All Rights Reserved. The Wheat Pennies’ legacy continues to live on, with it being one of the most easily recognizable coins that are no longer in circulation. They issued just 50 thousand of these coins and due to their significance they are worth around $80 in perfect condition. I'm the Coin Editor here at TheFunTimesGuide. 1949 Wheat Penny (These are the ones in “typical” Mint State grades of MS-64 or lower.). Read on to see how much your 1950 wheat penny is worth…. So when we say average, we mean in a similar condition to other coins issued in 1950, and mint state meaning it is certified MS+ by one of the top coin grading companies. There was a lot going on when your 1950 penny was made. Uncirculated coins with a grade of MS-65RB can sell for around $2. A few blemishes may be present.
1951 Wheat Penny I primarily collect and study U.S. coins produced during the 20th century. MS-63RB choice uncirculated- In the major focal areas there are some blemishes or contact marks. In extremely fine condition the value is around $0.20. 1950 Lincoln Cents are highly common since more than half billion were made that year. The mint mark, when present, can be found on the obverse side of the coin below the date. Face Value: 0.01 USD
Three mint locations–San Francisco, Philadelphia and Denver–struck pennies in 1950. Generally, Brenner intended to design a simple but effective reverse side.
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