1954 Wheat Penny Value (Price Chart, Error List, History & Varieties)

There are about more than one billion Lincoln wheat pennies that are made every year but 1954 was recorded as the lowest production year in the 1950s. But still, the 1954 pennies are a rare coin. Lincoln pennies were made by all three minted in 1954. 71,640,050  pennies were made by P mint, 251,552,500 made by D mint, and  96,190,000  pennies made by S mint. There will be higher prices for 1954 pennies than other 1950s pennies specially made at P Mint. Here we will discuss the details of the 1954 Wheat Penny Value. Let’s get started with the 1954 Wheat Penny Value (Price Chart, Error List, History & Varieties). 

History Of The 1954 Wheat Penny

The 1954 pennies are part of 50 years of Lincoln cent minting, which means they have the same design and competition as that in 1909. Their design comes with a photo of Abraham Lincoln. These coins were firstly circulated coines having photos of linocon on the front side. The new design was made due to the instruction of President Roosevelt. For a hundred years, Lincoln’s birth was celebrated in 1909 and at that time, design changed with the addition of the Lincoln photo.

There were 419,615,850 coins were made of 1954 pennies. Victor david brener the negraver made the design of Lincoln in 1907. In 1954 3 US mints made wheat pennies. The P and D mint made normal strike coins S mint made proof pennies.

1954 Wheat Penny Obverse

The 1954 penny front side comes with a photo of Abraham Lincoln. Due to good design, the details of the beard, hair, and other features can seen clearly. The word LIBERTY which was first written on a US coin in 17983 is behind the Lincoln shoulder. The mint year 1954 is on the right side of the coin field and the front side of the president’s photo. The mint mark S or D is written below the year. IN GOD WE TRUST is the official US motto on all US coins is at the upper penny edge.

Reverse Of The 1954 Wheat Penny

The back side of coines is normally known as the wheat design used on Lincoln’s cent from 1909. Firstly Brenner made a completely different reverse part of the coin but it was again made new at the request of Roosevelt. The back side of the coin comes with two ears of wheat with left and right penny rids. These stalks are used to show the prosperity of the country. There are words of ONE CENT and UNITED STATES OF AMERICA written on mid of the coin.

The main features of the 1954 penny are listed here

• its face value is One cent with a round shape
• Its dia is about 1.75 inches and its weight is 0.1097 oz  and  0.03937 inches thickness
• it is an alloy of 95% copper with zinc or tin

1954 Lincoln Penny Without A Mint Mark

The 1954 Lincoln pennies made in P mint do not have mint marks. These coins are in good condition and normally have a value of 0.25 dollars.  While extra fine-graded pennies have a high cost of about ten cents and can be sold at about 0.35 dollars. Pennies in circulating condition will have a high cost and mostly MS63 grades coins have a value of about 0.60 dollars. The coins in similar uncirculated condition with grade MS6 can sold for two dollars.

• Brown MS 60-66 = $0.10-$9.60
• BrownMS 67= $35-$45
• Red-brown MS 63-67=  $2-$55
• Red MS 63= $3
• Red MS 66 = $105 to $120
• Red MS 67 = $7,800 to $10,000

1954 S Lincoln Penny And 1954 D Lincoln Penny

1954 Proof Lincoln Penny

1954 Lincoln Penny Grading

Uncirculated Condition

Always double-check Lincoln’s forehead is covered with a fine-grain surface, creating radiance in uncirculated coins. Additionally, it is crucial to notice typically high and low parts noticeably stretched out to his eyebrow. The whole surface should be shiny without smooth metal parts.

1954 Lincoln Penny Toning

Extra Fine Condition

the part of light wear exists on an extra fine-graded Lincoln penny. Normally its look is good with highly clear details.

1954 Penny Displays Strong Strike

Minting wheat penny comes with a high-speed striking process. Millions were made. The demand for minor coins resulted in mint making large pennies for working longer hours. The speed for striking the room was high. In 1954 P. Mint made coins of about  71,873,350. In this larger number changes in depth and sharpness of strikes come. Part of any coin’s value is to look good. The properly struck coin is preferred over softly struck. The well-struck 1954 penny is elusive. Crisp lettering and a sharp rim were added to increase the coin’s look.

Rare 1954 Wheat Penny Errors List

Doubled Die

This error comes on any side of the coin. Based on the side it looks like we can find this error. The 1954 pennies can have both errors since mismatching between the die and working hub. The doubled die effect normally comes in letters but 1954 pennies are famous for mint makr doubling error.

Re-Punched Mint Mark

This error comes when working to hit the mint mark two times to correct the older mistake. In some conditions, these two letters overlapped while coins with distinct 2nd marks were rare.  We can see this error on the 1954 S pennies and get for twenty dollars prices. Pennies with D/D errors can have prices of about ninety dollars, and in action, the price of this error for the MS66 grade was 300 dollars.

Die Break (BIE)

This error also comes in many pennies that were made in 1954. The die collision comes with the raised area between two letters in the word LIBERTY, causing the BIE error and then BE. it rarely affects the coin value but some good coins can have thirty dollar value.

Broad Strike

This error comes if the cent is struck without retaining the ring that defines its diameter. We can consider these coins broad strike error when the complete design can seen on both sides and can have a value of about ten dollars.

Die-Deterioration Doubling

On the worn-out dies there can be the effect of doubling on the design components looks like sunk doubling. We can see this error on the 1954 penny letters number, date, and mint mark.

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