Introduction
The 1958 Wheat Back Penny is a rare and valuable coin that holds a special place in the hearts of coin collectors across the globe. In this article, we will explore the history, value, and rarity of this iconic penny, and share tips for those interested in adding it to their collection.
History
The Wheat Back Penny was first minted in 1909 and continued to be produced until 1958. The penny features a portrait of Abraham Lincoln on the obverse and two wheat stalks on the reverse. The wheat stalks were later replaced with the Lincoln Memorial in 1959, making the 1958 Wheat Back Penny the last of its kind.
Rarity
The 1958 Wheat Back Penny is considered a rare coin due to its age and limited production. While millions of these pennies were minted, only a small percentage of them remain in circulation today. The rarity of this coin is further enhanced by its pristine condition, with uncirculated coins being the most valuable.
Value
The value of the 1958 Wheat Back Penny varies depending on its condition and rarity. A well-preserved uncirculated penny can fetch upwards of $10,000 at auction, while a circulated coin may only be worth a few cents. The key to determining the value of your penny is to have it appraised by a reputable coin dealer or certified appraiser.
Tips for Collectors
If you’re interested in adding the 1958 Wheat Back Penny to your collection, there are a few things to keep in mind. Firstly, be sure to purchase from a reputable coin dealer and ask for a certificate of authenticity. Secondly, consider the condition of the coin before making a purchase – uncirculated coins are the most valuable. Finally, store your penny in a protective case to prevent damage and preserve its value.
Conclusion
The 1958 Wheat Back Penny is a rare and valuable coin that holds a special place in the hearts of coin collectors around the world. Whether you’re a seasoned collector or just starting out, this iconic penny is a must-have for any serious collection. With its rich history, rarity, and value, the 1958 Wheat Back Penny is truly a treasure worth seeking out.