Last Updated on August 15, 2022
The 1957 penny is also known as the wheat penny, and it is highly prized among coin collectors. However, these pennies will not offer you a high value to help you make a fortune.
That is why you must look for high-grade pennies to get a high worth. Here is a complete guide to help you understand the value of a 1957 penny of different types and grades.
How Much Is A 1957 Penny Worth?
|Type of 1957 Penny||Condition||Worth|
|1957 D Penny||Good||$0.12|
|1957 Proof Penny||Good||Between $2 and $5|
The worth of the 1957 penny depends on the type of penny you get. For example, the Philadelphia 1957 minted penny in good condition will be worth $0.12. On the other hand, even the Denver minted penny will be worth at least $0.12 in good condition.
Remember that a 1957-proof penny will have the highest value. If you find this penny in decent condition, it can easily be worth between $2 and $5. However, high-grade pieces with unique colors can be worth more than a hundred dollars.
That is why it is up to you to check the coin and understand its condition. If you don’t understand this, you can always go to a professional coin grader to understand the worth of the 1957 coin.
What Is The Value Of A 1957 Error Penny?
|Type of 1957 Error Penny||Estimated Value|
|Double-Die Error||$3 and $10|
|Strike-Through Error||$5 and $50|
|Die Crack Error||$1 and $20|
|Off-Center Error||$3 and $5|
|Repunched Mint Mark Error||$2 and above|
There are various error pennies you will find in the 1957 collection. These coins have a higher value because their quantity is less. For example, a double-die error penny can range anywhere between $3 and $10.
On the other hand, if you find a strike-through error on your 1957 penny, then it can easily be worth between $5 and over $50. If your 1957 penny has die crack errors, then it will be worth between $1 and $20. Remember that the worth will depend on the size of the imperfection and other factors.
The off-center error on the 1957 penny is common, and this will be worth between $3 and $5. Finally, the 1957 penny with the re-punched mint mark will be worth at least $2 and above.
What Is The Value Of A High Grade 1957 D Penny?
|1957 D Penny Grade||Estimated Value|
|MS63||$0.5 and $1|
|MS64||$0.7 and $2|
|MS66||$13 and $40|
|MS67||$60 and $325|
It is important to know that the grading of the penny will affect its value. For example, circulated coins with a lower grade will always be worth less. On the other hand, uncirculated coins with a higher grade will always be worth more.
The 1957 D penny in MS63 grade will be worth between $0.5 and $1. On the other hand, the MS64 grade will be worth between $0.7 and $2. Of course, as the grade goes higher, the worth will also be more.
For example, the highest grade is MS66 and MS67. The MS66 1957 D Penny will be worth between $13 and $40. Finally, the 1957 D penny in Ms67 grade will be worth between $60 and $325.
How Many 1957 Pennies Did the US Mint?
There were many 1957 pennies minted in Philadelphia and Denver. For example, a total of more than 1,330,000,000 pennies were minted by all the different mints. The Philadelphia Mint created more than 282,500,000 pennies this year.
On the other hand, the Philadelphia Mint also created more than 1,200,000 proof pennies for coin collectors. Finally, the Denver Mint created more than 1,000,000,000 pennies in 1957. That is why the value of these pennies is not that high.
1957-proof pennies and ones in uncirculated conditions with no flaws have the highest value. So if you are looking for a penny that will give you a high value, then be sure to look for uncirculated ones with a high grade. Once you do, you will have a fantastic 1957 penny in your collection that might increase in value as time goes by.