The 1958-D Lincoln Wheat Cent is a fascinating piece of American numismatic history, representing the end of an era for the Lincoln Wheat series. Struck at the Denver Mint, it marks one of the final years before the transition to the Lincoln Memorial reverse design in 1959. While common in circulation, high-grade examples and certain varieties can still spark significant interest among collectors.
This guide explores the coin’s history, design, mintage, value, and tips for collecting this iconic piece of U.S. currency.
History and Background
The Lincoln Wheat Cent, designed by Victor David Brenner, debuted in 1909 to commemorate the 100th anniversary of Abraham Lincoln’s birth. The design featured Lincoln’s portrait on the obverse, making it the first U.S. coin to depict a historical figure rather than Lady Liberty.
By the late 1950s, the Wheat reverse had become a staple of American coinage. The 1958-D Lincoln Wheat Cent represents the penultimate year of this beloved design before the reverse was replaced with the Lincoln Memorial in 1959. Coins minted in 1958, including those from the Denver Mint, were struck in large quantities to meet the needs of a growing post-war economy.
Design and Specifications
The 1958-D Lincoln Wheat Cent retains the classic design features that collectors cherish.
- Obverse (Front): The obverse features a portrait of Abraham Lincoln, designed by Victor David Brenner. The inscription “IN GOD WE TRUST” arcs above the portrait, with “LIBERTY” on the left and the date “1958” on the right. The “D” mintmark for Denver is positioned below the date.
- Reverse (Back): The reverse showcases the iconic wheat ears on either side of the inscription “ONE CENT,” symbolizing agricultural prosperity. The inscriptions “UNITED STATES OF AMERICA” and “E PLURIBUS UNUM” complete the design.
Specifications:
- Composition: 95% copper, 5% tin and zinc
- Weight: 3.11 grams
- Diameter: 19 mm
- Edge: Plain
Mintage and Rarity
The Denver Mint produced more than 800 million 1958-D Lincoln Wheat Cents, making it a common coin in circulated condition. Despite its high mintage, examples in pristine condition, particularly in uncirculated grades, can still be challenging to find.
- Total Mintage: 800,953,300
Most surviving examples are well-worn due to the coin’s long circulation lifespan. Collectors often seek out coins with minimal wear, attractive luster, and no significant damage.
Value and Collectibility
The 1958-D Lincoln Wheat Cent is widely available and affordable in circulated grades, making it an excellent entry point for new collectors. Its value increases significantly for higher-grade specimens, especially those graded Mint State 67 or higher.
- Circulated Condition: Worth $0.10 to $0.20
- Uncirculated Condition (MS-63): $5–$10
- High-Grade (MS-67 or higher): $100–$300+
Proof-like examples and coins with exceptional red coloration (designated as “RD” by grading services) command premium prices.
Key Varieties and Errors
Collectors are always on the lookout for interesting varieties and errors, and the 1958-D Lincoln Wheat Cent has a few worth noting:
- Repunched Mintmark (RPM): Some coins exhibit a repunched “D” mintmark, which can add modest value.
- Die Cracks and Cuds: Coins with noticeable die cracks or cuds (raised areas caused by die damage) are popular among error enthusiasts.
Tips for Collectors
- Look for High-Grade Coins: Focus on examples with sharp details and vibrant red coloration (RD designation).
- Inspect for Errors: Examine coins closely for repunched mintmarks or other varieties that may enhance their value.
- Preserve Your Coins: Store your coins in a protective holder to prevent damage and preserve their condition.
Conclusion
The 1958-D Lincoln Wheat Cent serves as a nostalgic reminder of a bygone era in U.S. coinage. Its widespread availability makes it an accessible coin for beginners, while its historical significance and high-grade examples appeal to seasoned collectors.
Whether you’re a novice or an experienced numismatist, the 1958-D Wheat Cent is a timeless addition to any collection, connecting collectors to a rich legacy of American history and craftsmanship.
FAQs
What is the value of a 1958-D Lincoln Wheat Cent?
The value ranges from $0.10 to $0.20 in circulated condition, while uncirculated examples can fetch $5–$10. High-grade specimens in MS-67 or higher can be worth $100–$300 or more.
Are there any notable errors or varieties for the 1958-D Lincoln Wheat Cent?
Yes, some coins feature repunched mintmarks (RPM) or die cracks, which can add to their collectibility and value.
Why is the 1958-D Lincoln Wheat Cent significant?
It represents one of the final years of the Lincoln Wheat Cent design before the reverse transitioned to the Lincoln Memorial in 1959, making it a nostalgic piece for collectors.