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 Value

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

The 1954 D wheat penny and 1954 S wheat pennier are also most same based on their costs. Both have a value of about 0.10 dollars in fine condition. COns in extra fine condition can have a value of  $0.12 each. In uncirculated conditions, their value can be about 0.50 dollars with MS63 grades. While with high quality of MS65 value is one dollar.
value of the 1954 D penny 
Grade Price
Brown
MS 60-62
$0.10-$0.18
MS 63-66 $10
MS 67
$35-$45
Red-brown
MS 63-67
$0.35-$55
Red-brown
MS 63
$0.55-$0.66
MS 64
$1.25-$1.50
MS 65
$8-$10
MS 66
$30-$40
MS 67
$325-$450

Value of the 1954 S penny 

Grade
Average Price
Brown
MS 60-62 $1
MS 65-66 7
MS 67 $42.00
Red-brown
MS 63 $0.78
MS 66 $17.00
MS 67 $52.00

1954 Proof Lincoln Penny

The P Mint made 233,300 proof Lincoln pennies in 1954. These coins in PR65 condition can have a value of more than ten dollars, but their value can be high in good condition. Note that errorless coins have a high value. The 1954-proof Lincoln wheat penny is preferred by collectors.
Grade Price
Brown
PR 60 $2
PR 61-66 $2-$12
PR 67 $25-$30
Red-brown
PR 60 $2-$36
Red
PR 60 $4
PR 61-68 $5-$45
PR 68+ $150-$625
 Red CAM
PR 65-66 $40-$75
PR 67 $200-$240
PR 68
$1,200-$1,400
Red DCAM
PR 68
$9,000-$10,350
PR 67 $900-$1,035

How Much Is A Worn 1954 Penny Worth?

1954 Penny Value

The value of the 1954 penny will be about two cents, that is the value of copper in the bronze composition of the old penny. if the 1954 wheat penny is in good condition then its value will be some cents higher than face value. normally three cents to 25 cents or higher. The price recorded price of the 1954 penny was 23500 dollars in 2014 for a good look.

1954 penny  no mintmark= 

  • Quantity: 71,640,050
  • Min value 10 and high value 25 dollars

1954-D penny: 

  • 251,552,500 made
  • value: 3 dollars low and 5 high

1954-S penny

  • 96,190,000 made
  • three dollar minimum value and five dollar high value

How Much Is An Uncirculated 1954 Penny Worth?

The value of 1954 pennies is about one dollar or more, and the value for uncirculated 1954 pennies can be.

  • 1954 penny no mintmark uncirculated condition = $1 to $5+
  • 1954-D penny= uncirculated $1 to $2+
  • 1954-S penny= uncirculated $1 to $2+
  • 1954 proof penny= uncirculated $15+

1954 Lincoln Penny Grading

Uncirculated Condition

The uncirculated coins do not have any sign of wear on the surface. The forehead of Lincoln’s forehead and the area move to the eyebrow first to damage. The good is to grade by checking for any mark on the coin.

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

The toning defines the accurate circulated grade for different coins in the mint state. The existence of toning does not define certain details about the absence of wear but the look comes on coins with time. Pennies in an uncirculated grade do not have wear marks on the surface and we can get an undistributed surface by checking existing toning changes. Lincoln’s forehead comes with different high-profile textures on accurate coins and his eyebrows do not have any sign. Tonig varies the appearance and eye look of old pennies and this clear look is highly preferred by collectors. The accurate tons coin can come in some shades of brown and red.

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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