Last Updated on August 15, 2022
The Lincoln penny can be traced back to 1909 when it first entered into circulation as a currency coin. Brenner’s design was on the reverse until 1958 and showed two ears of wheat. Lincoln pennies have a high mintage in 1953, producing more than a thousand coins.
They are still less rare, but desirable for any collector. Most of the pennies from the mint are in circulation and worth less than $20. A few of them may be significantly more worthwhile but it is hard to find.
How much is 1953 Penny Worth?
US coins are a great investment because they can potentially be worth much more than their face value. In most cases, old pennies can go for around $0 to $0.56, but a coin rated in MS+ mint condition can go up to $1.13 or over depending on what date and type of coin it is.
What are the Types of 1953 Wheat Penny?
There are basically three types of 1953 Lincoln pennies. The difference between them was of the mint from which they were out. In 1953 a total of three mints were there that produced these pennies.
Philadelphia minted the 1953 Lincoln penny without any sort of mint mark. San Francisco minted the 1953 Lincoln penny with a mint mark of S. Denver minted the 1953 penny and it had a D mint mark on it.
1953 Lincoln Penny Having No Mint Mark
The 1953 penny is the most popular ever made. Philadelphia (mint) managed to make more than 250 million pennies and was in second place for the number of coins minted.
These coins are still popular among collectors. The Lincoln penny from 1953 is a must for a complete collection. The copper design is beautifully detailed and will be prized even by advanced collectors, but beginners will also like the value of this coin.
The value of the 1953 Lincoln penny was less than a quarter when it was in circulation, but collectors increased its value significantly in recent decades. In a circulated condition, one can expect to receive 2 cents per coin.
If you have a mint condition coin with no wear on it, you should ask for 5-6 cents per coin. Younger collectors or people who have just started out collecting coins will be content with the lower-quality coins they purchase while more experienced collectors always look for higher-quality pieces.
1953 Lincoln Penny Values Chart
|San Francisco||1953 S||181,835,000||0.15 dollars to 15 dollars|
|Denver||1953 D||700,515,000||0.15 dollars to 12 dollars|
|Philadelphia||1953||256,755,000||0.15 dollars to 18 dollars|
Grading System of 1953 Lincoln Penny
A penny’s worth in Lincoln depends on its condition. A collector will rate the year and give it a grade before determining how much it’s worth.
For example, somebody can quickly tell the difference between coins in Moderate or Good condition compared to one in Extremely Fine condition. The Lincoln Pennies were minted in 1953 with a high mintage of over one billion, but they’re valuable because they are not as common in yellow.
Uncirculated: The coins that are present in an uncirculated state have no signs of wear or any kind of scratches on their surface. They are not touched by anyone and these coins have a luster that covers the whole coin. All the details are unchanged from the forging moments up till these days.
Extra Fine: From them, only the coins with the highest points have slight signs of wear and this point is enough to make any judgment about their condition. But as soon as the person starts noticing the highest points and details have now started to fade away so now the people can be sure that this coin is now not included in uncirculated condition.
Fine: A coin that is present in this condition spends more of its time in circulation so because of this it has many signs of wear and scratches on it. No one can find any specific damage on it but the color of this coin has now faded and the details that are smoothed are visible on it. Besides these minute imperfections, these coins are preserved well.
Good: The coins that are present in Good grade are the worst pieces that one can find in a market. They spent a lot of time in circulation and they have different damages on them. One can find multiple and deep scratches with very intense smoothing details and they have visible signs of scratches and wear on their surfaces.