Last Updated on August 15, 2022
The 1958 penny is also known as the wheat penny, and it has seen the US go through two world wars and the Great Depression. It was minted in the early 1900s to replace the Indian Head Penny.
The penny is highly popular and can have a high value. Here is a complete guide to help you understand the worth of the 1958 penny.
How Much Is A 1958 Penny Worth?
|1958 Penny Type||Condition||Estimated Worth|
|Uncirculated||$0.15 or more|
|1958 D Penny||Fine||$0.12|
|Uncirculated||$0.15 or more|
|1958 Proof Penny||MS60||$0.32|
|MS63||$1 and above|
There are three types of 1958 pennies, and all of them have different values. These include the one with no mintmark, D mintmark, and proof penny. The worth of the 1958 penny with no mintmark and D mintmark is more or less the same.
For example, the 1958 penny with no mintmark and D mintmark will be worth $0.12 in extra fine quality. Of course, the penny will be worth more in an uncirculated condition.
Such a penny can be worth $0.15 or more. The proof penny will have the highest value.
For example, the 1958 proof penny in MS60 condition can be worth $0.32. Finally, the proof penny in MS63 condition can be worth more than a dollar. That is why you must look for all these factors before you opt for this coin.
What Is The Value Of A 1958 Double Die Error Penny?
|Error Grade||Estimated Worth|
|MS63||$0.55 and $1.01|
|MS67||$60 and $500|
|MS66||$13.5 and $47|
Error coins will always have a higher value than other coins. The double die error on the 1958 penny is a relatively rare error, which is why it will be worth more. However, the worth will depend on the grade of the coin and the magnitude of the error.
For example, if your 1958 penny has the double die error in MS67 grade, then it can be worth anywhere between $60 and $500. On the other hand, if you find this error in the MS63 grade, then it will be worth between $0.55 and $1.01. Of course, you can always get the grade checked by a professional coin grader to understand the worth of the penny you have.
What Is The Value Of A 1958 Penny Of Different Grades?
All coins follow a grading system that determines their value. The grade can range anywhere from good to uncirculated. The uncirculated coins of a higher grade will always be worth more than other 1958 pennies that you will find.
Besides that, the value of the 1958 penny and 1958 D penny will also differ, depending on the grade. For example, the 1958 penny in MS66 grade can be worth between $30 and $35. On the other hand, the 1958 D penny in MS66 grade can be worth between $11 and $13.
The value of the MS67 grade will be the highest. The 1958 penny in MS67 grade will be worth between $210 and $240. Finally, the 1958 D penny in MS67 grade will be worth between $47 and $61.
What Is The 1958 Penny Design?
Victor D. Brenner designed the 1958 penny, and he included an image of former President Abraham Lincoln on the obverse side of the coin. You will find “In God We Trust” above Lincoln’s head. On his left side, you will also see the word “Liberty” with a mintmark and date on the right.
The reverse side of the 1958 penny is much simpler than the obverse. Here, you will find the worth “One Cent” placed in the center. Below these words, you will find the phrase “The United States of America.”
The word is surrounded by two wheat stalks on both sides. As with every penny and coin, you will find “E Pluribus Unum” on the top part of the reverse side of the coin. All of these features will ensure that the coin you have is legitimate.
You must check these features before you purchase this penny. If you are not sure about the coin, you must go to a professional to understand its worth.