The 1958-D Lincoln Wheat Cent is an important coin for those who collect U.S. coins. Even though it is not as rare or famous as some other coins, it has its own special features that make it interesting. This article will explain the history, design, value, and tips for collecting the 1958-D Lincoln Wheat Cent.
What is the Lincoln Wheat Cent?
The Lincoln Wheat Cent is a one-cent coin that was made in the United States from 1909 to 1958. It is famous because it features a picture of President Abraham Lincoln on the front (obverse) and two wheat stalks on the back (reverse). The design was created by Victor David Brenner and has become a symbol of American history.
The 1958-D Wheat Cent was made at the Denver Mint, a branch of the U.S. Mint. This coin is important because it represents the last year of the Wheat Cent design before it changed to the Memorial Cent in 1959.
The Year 1958
The year 1958 was a time of change in the United States. The country was recovering from World War II, and the economy was growing. Because the Lincoln Wheat Cent had been around since 1909, it was time for a new design. The Denver Mint produced over 1.4 billion Lincoln cents that year, and the “D” on the coin means it was made in Denver.
Design Features of the 1958-D Lincoln Wheat Cent
Front (Obverse)
The front of the 1958-D Lincoln Wheat Cent shows a left-facing profile of Abraham Lincoln. The words “LIBERTY” are on the left, and “IN GOD WE TRUST” is above his head. The year “1958” is on the right. The image of Lincoln is respected and has been a favorite among many people.
Back (Reverse)
On the back of the coin, there are two wheat stalks, which represent America’s farming history. The words “ONE CENT” are at the bottom, and “E PLURIBUS UNUM” is at the top. This design is simple and beautiful, symbolizing plenty and prosperity.
Mint Mark
The most important feature of the 1958-D Lincoln Wheat Cent is the “D” mint mark, which is found just below the year on the front. This indicates that the coin was made in Denver.
Minting Facts
Understanding how many coins were made can help collectors. In 1958, the U.S. Mint created about 1,432,000,000 of the 1958-D Lincoln Wheat Cent. This large number means that this coin is quite common compared to other Lincoln cents from different years.
Mintage Comparison
- 1958-D Lincoln Wheat Cent: 1,432,000,000
- 1958-S Lincoln Wheat Cent: 252,110,000
- 1958-P Lincoln Wheat Cent: 360,000,000
The 1958-D is one of the most frequently found coins in the series, but its history and unique characteristics can still make certain versions valuable.
Grading and Condition
The condition of a coin is very important for collectors. Coins are graded on a scale from Poor (P) to Perfect Uncirculated (MS70). Here’s a breakdown of common grades for the 1958-D Lincoln Wheat Cent:
1. Good (G 4)
- The coin shows significant wear.
- Major details are still visible, but it is very worn.
- Not highly sought after by collectors.
2. Very Good (VG 8)
- More details are visible than in the Good grade.
- Some wear is present, but most design features are still clear.
3. Fine (F 12)
- Moderate wear, with clear design.
- Details are visible in the wheat stalks and Lincoln’s profile.
4. Very Fine (VF 20)
- Light wear on high points of the design.
- Details are well-defined and appealing.
5. Extremely Fine (EF 40)
- Light wear, with all major details visible.
- Looks well-preserved with some shine.
6. Uncirculated (MS 60+)
- No signs of wear; looks brand new.
- Quality is important for its value.
7. Proof (PR)
- Special coins made for collectors with a shiny finish.
- Struck twice for better detail.
- Rarer and often more valuable than regular coins.
Rarity and Market Value
Even though the 1958-D Lincoln Wheat Cent is common, some things can make it more valuable:
1. Grade
Coins in better condition are worth more. Uncirculated and proof coins can have a much higher price.
2. Errors and Varieties
Some collectors look for coins with unique features. The 1958-D does not have many famous errors, but some slight variations can make it more valuable.
3. Collector Demand
The popularity of Lincoln Wheat Cents keeps demand steady. The interest in the 1958-D can change based on market trends.
Estimated Values by Grade
- Good (G 4): $0.10 – $0.30
- Very Good (VG 8): $0.30 – $0.50
- Fine (F 12): $0.50 – $1.00
- Very Fine (VF 20): $1.00 – $3.00
- Extremely Fine (EF 40): $3.00 – $8.00
- Uncirculated (MS 60): $8.00 – $15.00
- Uncirculated (MS 65): $15.00 – $25.00
- Proof (PR): $20.00 – $50.00 (depending on condition)
To get the best price, always check with a trusted dealer or current coin guides.
How to Start Collecting the 1958-D Lincoln Wheat Cent
1. Learn About Coins
Before you start collecting, it’s good to learn about the Lincoln Wheat Cent series. You can read books, browse online resources, and join forums.
2. Join a Community
Finding other collectors can make collecting more fun. Look for local coin clubs, online groups, or social media communities to share knowledge and trade coins.
3. Build Your Collection
Start gathering different grades of the 1958-D Lincoln Wheat Cent. Focus on getting coins in better grades or unique versions. Keep track of your collection, including the condition and price paid.
4. Store Your Coins Properly
Take care of your coins by storing them correctly. Use acid-free holders or albums to protect them. Keep your collection in a cool, dry place away from sunlight.
5. Go to Coin Shows
Coin shows are great for finding rare coins and meeting other collectors. Take your time to look around and ask dealers questions.
6. Stay Updated
The coin world changes all the time, with new trends and discoveries. Keep yourself informed by reading newsletters, following blogs, and attending seminars.
Conclusion
The 1958-D Lincoln Wheat Cent may not be the rarest coin, but it is still a beloved piece of American history. It has a special place in the hearts of collectors and fans of history. Learning about its design, grading, and market value can help you enjoy collecting more. By connecting with others and staying informed, you can appreciate this unique coin even more.
Collecting coins is not just about their value; it is also about keeping a piece of history alive and enjoying the beauty of the craftsmanship in each coin. The 1958-D Lincoln Wheat Cent is more than just a coin; it connects us to the past and reminds us of the legacy of President Lincoln and the United States.
FAQs
1. What is the 1958-D Lincoln Wheat Cent?
The 1958-D Lincoln Wheat Cent is a one-cent coin minted in the United States that features President Abraham Lincoln on the front and two wheat stalks on the back. The “D” indicates that it was minted at the Denver Mint. It is part of the Lincoln Wheat Cent series, which was produced from 1909 to 1958.
2. How many 1958-D Lincoln Wheat Cents were minted?
In 1958, approximately 1,432,000,000 1958-D Lincoln Wheat Cents were minted at the Denver Mint, making it one of the most commonly found coins in the series.
3. What factors determine the value of a 1958-D Lincoln Wheat Cent?
The value of a 1958-D Lincoln Wheat Cent depends on several factors, including its grade (condition), rarity, and any unique features or errors. Generally, uncirculated and proof coins are worth more than those in lower grades.
4. How can I tell if my 1958-D Lincoln Wheat Cent is in good condition?
Coins are graded on a scale from Poor (P) to Perfect Uncirculated (MS70). To assess the condition, look for signs of wear, detail visibility, and luster. Common grading categories for the 1958-D include Good (G), Very Good (VG), Fine (F), Very Fine (VF), Extremely Fine (EF), and Uncirculated (MS).
5. What is the best way to start collecting the 1958-D Lincoln Wheat Cent?
To start collecting, educate yourself about the coin series, join coin clubs or online communities, and acquire different grades of the 1958-D Lincoln Wheat Cent. Proper storage and preservation techniques are also essential to maintaining the quality of your collection.