1958 D Wheat Penny
The 1958 D Wheat Penny is a U.S. cent featuring Abraham Lincoln on the obverse and wheat stalks on the reverse, with a 'D' mint mark indicating it was minted in Denver. Made from 95% copper, it is part of the final year of the Wheat Penny series before the design changed to the Lincoln Memorial in 1959. Collectors value the 1958 D Wheat Penny for its place in the series' history and its classic design. Continue reading to learn more about 1958 D Wheat Penny Value.
AUCTION RECORD: $660 • MS67+RB
Image source: PCGS
1958 D Wheat Penny Value
As of 2024, the value of a 1958 D Wheat Penny typically ranges from $0.10 to $2 in circulated condition. Uncirculated examples can be worth between $2 and $10 or more, depending on their quality. The coin's value is influenced by its condition, the 'D' mint mark indicating it was minted in Denver, and collector demand.
The 1958 D Wheat Penny had a slightly smaller mintage the previous two years with over 800 million coins struck at the Denver Mint. This was the last Wheat Penny struck at the Denver Mint, and they did a much better job with the overall craftsmanship of the coin. It’s possible to find the 1958-D Wheat Penny with a sharp strike, excellent coloring, and nice details.
History of the 1958 D Wheat Penny
The 1958-D Wheat Penny is abundant in most circulated and uncirculated grades, even upwards towards the highest Mint State condition coins. 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.
1958-D Wheat Penny Worth
The 1958 D Wheat Penny value ranges from around one thousand dollars to three thousand dollars for some of the highest grade coins documented. The Wheat Penny comes in colors ranging from brown to brown and red to a full red version. The full red varieties are most desirable when they are spot-free and have a solid strike. The 1958-D Wheat Penny would make a great addition to any Lincoln Cent series collection.
Type of coin: Penny
Year: 1958-D Wheat Penny
Wheat Penny Mint Mark: Denver
Total mintage: 800,953,300
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
FAQ
What is the value of a 1958 D Wheat Penny?
The value ranges from around 15 cents for circulated coins to several thousand of dollars for uncirculated coins, with rare errors fetching higher prices.
How rare is a 1958 D Wheat Penny?
The 1958 D Wheat Penny is not particularly rare as it had a large mintage, but high-grade examples or those with errors are more valuable.
What factors affect the 1958 D Wheat Penny value?
Condition, mint errors, and rarity influence its value.
What is the highest price ever paid for a 1958 D Wheat Penny?
High-grade or error pennies can fetch hundreds to thousands of dollars; for example, a doubled die obverse version could be highly valuable.
Can the condition of a 1958 D Wheat Penny significantly increase its value?
Yes, higher-grade coins (MS-60 and above) are worth more, particularly if they have preserved their original luster and detail.
Are there any known errors in 1958 D Wheat Pennies that increase their value?
Yes, errors such as doubled dies or repunched mint marks can significantly increase the penny’s value.
How can I determine if my 1958 D Wheat Penny is valuable?
Examine the coin's condition, look for any errors, and consult a coin expert or price guide to determine its value.
What is the most common condition for 1958 D Wheat Pennies?
Most are found in circulated condition, but uncirculated examples are not uncommon due to hoarding.
What is the difference between a 1958 D Wheat Penny and a 1958 no mint mark penny?
The 1958 D has a mint mark "D" for Denver, while the no mint mark penny was produced in Philadelphia. Denver coins are generally more common.
How much is a circulated 1958 D Wheat Penny worth?
Circulated coins are typically worth around 15 to 30 cents, depending on their condition.
What should I do if I think I have a rare 1958 D Wheat Penny?
Have it assessed by a professional coin grader or a reputable dealer to determine its condition and value accurately.
Is a 1958 D Wheat Penny a good investment?
While common 1958 D pennies are not particularly valuable, high-grade examples or those with errors can be a good investment.
Where can I sell my 1958 D Wheat Penny?
Coin dealers, numismatic auctions, online platforms, and coin shows are good places to sell valuable coins.
What makes the 1958 D Wheat Penny unique in the series?
The 1958 D is the last year the Wheat Penny was minted, making it historically significant as the end of an era for this design.
How does the 1958 D Wheat Penny fit into the overall Wheat Penny collection?
As the final year of the Wheat Penny series, it represents the culmination of the design that started in 1909, and completes the collection.
Continue reading:
1942 Wheat Penny Value, 1955 Wheat Penny Value, 1956 Wheat Penny Value, 1951 D Wheat Penny Value, 1957 D Wheat Penny Value, 1935 Wheat Penny Value.