The 1959-D penny is a highly sought-after coin by collectors and enthusiasts alike.
This particular penny is known for its rarity and unique characteristics, making it a valuable addition to any collection.
The 1959-D penny is a Lincoln cent minted in Denver, Colorado 1959.
While millions of these coins were produced, a few key features make some more valuable.
These features include the coin’s condition, any errors or variations in the minting process, and the overall rarity of the coin.
In this article, we will explore the value of the 1959-D Penny and what makes it so sought-after by collectors.
We will examine the different factors that can affect the coin’s value and provide tips for those interested in collecting or selling this rare penny.
1959-D Penny History
1959 marked a significant turning point in the history of the United States Mint.
During this year, the Mint transitioned from producing pennies with the “wheat” reverse design to the iconic Lincoln Memorial reverse design we recognize today.
The 1959-D Penny, minted in Denver, Colorado, bears the Lincoln Memorial design on its reverse, depicting the monument that honors the 16th President of the United States, Abraham Lincoln.
Determining Factors
Mintage refers to the number of coins struck in a particular year and mint location.
The 1959-D Penny had a substantial mintage due to its role in the transitional period.
According to PCGS, this penny had a mintage of 1,279,760,000, while the 1959 Penny from Philadelphia only has 609,715,000.
The condition of a coin significantly impacts its value. Coins in mint condition, without signs of wear or damage, command higher prices in the market.
While the 1959-D Penny is not considered rare in mintage, coins with distinctive features or errors, such as double dies or other anomalies, can fetch higher prices due to their scarcity.
The demand for a specific coin among collectors and investors plays a pivotal role in determining its value.
Coins that are sought after by many enthusiasts may command higher prices.
Market Value
It’s important to note that the value of coins can fluctuate over time due to changes in market demand, economic factors, and collector trends.
As a result, it’s recommended that collectors and potential sellers stay informed about the latest developments in the numismatic market.
One known example of a 1959-D Penny being sold was on February 24, 2003, with a grade of MS-60, and it was sold for $48,300 or around $80,000 today!
The 1959-D Penny, a product of the transitional period in U.S. coinage history, holds historical and artistic significance.
While its value in circulated conditions may not be substantial, the allure of owning an uncirculated specimen with pristine features remains a driving force for collectors.
The numismatic world continues to be a captivating arena where a blend of history, rarity, and demand determines the value of coins.
Before you go…
As we explore the value of the 1959-D Penny, we gain insight into the broader dynamics that shape the coin-collecting landscape.
Check out my next article: “What is a Memorial Reverse Penny?“
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I have some Penny’s to sell, where or how do I?
eBay is the easiest for now. Try to get it graded as well