1950 D Wheat Penny Value
The 1950-D Wheat Penny had a total mintage of over 334 million coins struck at the Denver Mint. The 1950-D Wheat Penny is a very common coin and should be relatively easy to find in most circulated and uncirculated grades. In the highest Mint State grades, the 1950-D Lincoln Cent becomes truly scarce, and it’s worth the effort to seek out one of these beauties. Continue reading to learn ore about 1950 d wheat penny value.
AUCTION RECORD: $117 • MS67
Image source: PCGS
History of the 1950-D Wheat Penny
The 1950-D Wheat Penny would make a great addition to any Wheat Penny series collection. For full red versions in Mint State, this coin can cost a little higher than some of the others in the series. The Wheat Penny was designed by Victor David Brenner. President Theodore Roosevelt wanted to prepare new coin designs that had more artistic merit. He chose Brenner based on a plaque he created with Lincoln’s profile. The Wheat Penny depicts a bust and profile of Abraham Lincoln on the obverse, with the D mint mark under the date. The reverse features two stalks of durum wheat.
1950-D Wheat Penny Worth
The 1950-D Wheat Penny value ranges from under five hundred dollars to upwards of fifteen thousand dollars for some of the higher grades available on the market. The Wheat Penny comes in colors ranging from brown to brown-red to red, with the full red varieties typically commanding higher prices. The Wheat Penny series is an affordable series for those looking to build a circulated grade coin collection for only a few hundred dollars.
Type of coin: Penny
Year: 1950-D Wheat Penny
Wheat Penny Mint Mark: Denver
Total mintage: 334,950,000
Metal content: 95% Copper, 5% Zinc and Tin
Face value: 1 cent
Weight: 3.11 grams
Edge: Plain
Designer: Victor David Brenner
Diameter: 19.00 millimeters
The value of a 1950-D Wheat Penny, minted in Denver, can vary based on its condition, any potential errors, and its appeal among collectors. Here's a general overview of its value:
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Circulated Condition: Most circulated 1950-D Wheat Pennies are relatively common and have a value of about 5 to 20 cents. The exact value within this range depends on the degree of wear and overall appearance of the coin.
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Uncirculated Condition: Uncirculated examples, especially those with little to no signs of wear and possessing original mint luster, can be worth significantly more. Prices for uncirculated 1950-D Wheat Pennies can range from $1 to $10 or more, with higher grades (MS-65 and above) potentially fetching $20 to $30 or higher.
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Errors and Varieties: While specific, widely recognized errors for the 1950-D Wheat Penny are not commonly noted, any deviations from the standard minting process (such as double dies, off-center strikes, or repunched mint marks) can make a coin more interesting to collectors and potentially increase its value.
It's important to note that coin values can fluctuate based on the numismatic market and collector demand. For the most accurate valuation, consider consulting a professional coin dealer or submitting your coin to a reputable grading service like PCGS or NGC.
FAQ
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What is a 1950-D Wheat Penny? A 1950-D Wheat Penny is a one-cent coin produced by the United States Mint in Denver as part of the Lincoln Wheat Penny series, which ran from 1909 to 1958. It features President Abraham Lincoln on the obverse and two wheat ears on the reverse.
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How much is a 1950-D Wheat Penny worth? The value of a 1950-D Wheat Penny varies based on its condition. Circulated examples are generally worth about 5 to 20 cents, while uncirculated coins can range from $1 to $30 or more, with higher grades fetching higher prices.
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Are there any rare 1950-D Wheat Pennies? The 1950-D Wheat Penny is not considered rare in circulated condition, but uncirculated examples in high grades (MS-65 and above) can be more valuable and sought after by collectors.
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What errors can be found on a 1950-D Wheat Penny? While significant errors that dramatically increase the coin's value are not widely recognized for the 1950-D Wheat Penny, collectors look for common errors such as double dies, off-center strikes, and repunched mint marks.
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Does the 1950-D Wheat Penny have a mint mark? Yes, the 1950-D Wheat Penny has a "D" mint mark, indicating it was minted at the Denver Mint.
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How can I tell if my 1950-D Wheat Penny is valuable? To determine if your 1950-D Wheat Penny is valuable, examine its condition, look for any errors, and consult a current price guide or a professional coin appraiser. Coins in higher grades or those with errors tend to be more valuable.
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What is the highest grade a 1950-D Wheat Penny can have? The highest grade a 1950-D Wheat Penny can have is MS 70 (Mint State Perfect), but such a grade is extremely rare for coins of this age. Most high-value 1950-D pennies are found in lower uncirculated grades, such as MS 63 to MS 65.
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How do I care for my 1950-D Wheat Penny? To care for your 1950-D Wheat Penny, handle it by the edges to avoid transferring oils from your skin, store it in a cool, dry place, and use acid-free holders or albums designed for coin storage to protect its condition.
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Is it worth getting a 1950-D Wheat Penny graded? If you believe your 1950-D Wheat Penny is in exceptional condition or has a potential error, it may be worth getting it graded by a reputable grading service like PCGS or NGC. Grading can authenticate and assess the coin's condition, potentially increasing its value.
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Where can I sell my 1950-D Wheat Penny? You can sell your 1950-D Wheat Penny through coin dealers, auctions, online marketplaces, or numismatic shows. For valuable or rare examples, consider consulting with a professional numismatist to ensure you receive a fair price.
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