What Is a 1955 D Wheat Penny Worth?
A 1955 D Wheat Penny in circulated condition is typically worth only a few cents over face value, primarily its copper content. However, uncirculated examples can fetch prices ranging from $1 to $10 or more, while rare varieties, particularly those with significant errors, can be worth hundreds or even thousands of dollars.
The Allure of the 1955 D Wheat Penny
The 1955 D Wheat Penny holds a special place in the hearts of coin collectors for several reasons. It was the last year of widespread Wheat Penny production before the introduction of the Lincoln Memorial design in 1959. Its historical significance, combined with the potential for finding valuable errors, makes it a popular and actively traded coin.
Identifying a 1955 D Wheat Penny
Distinguishing a 1955 D Wheat Penny is relatively straightforward:
- Year: The coin must be clearly dated 1955.
- Design: It should feature the Lincoln Wheat design on the reverse (two wheat stalks) and Abraham Lincoln’s profile on the obverse.
- Mint Mark: Look for a “D” mint mark located below the date. This indicates the coin was struck at the Denver Mint. Coins without a mint mark were struck in Philadelphia.
Grading and Condition: A Key to Value
The condition of a 1955 D Wheat Penny significantly impacts its value. Coin grading services like PCGS (Professional Coin Grading Service) and NGC (Numismatic Guaranty Corporation) assess a coin’s condition based on factors such as wear, luster, and eye appeal. Common grading categories include:
- Poor/Fair: Heavily worn with minimal detail.
- Good: Worn but details are still visible.
- Very Good: Moderate wear with some detail remaining.
- Fine: Light to moderate wear, with most details present.
- Very Fine: Light wear with sharp details.
- Extremely Fine: Minimal wear, almost like new.
- About Uncirculated (AU): Minor traces of wear.
- Uncirculated (MS): Mint state; no wear. Grades range from MS-60 to MS-70, with MS-70 being perfect.
Error Coins: The Treasure Hunt
The real potential for high value in 1955 D Wheat Pennies lies in the presence of errors. The most famous and sought-after error for this year is the 1955 Doubled Die Obverse, sometimes referred to as the “Poor Man’s Double Die.”
Identifying a 1955 Doubled Die Obverse:
- Examine the date (1955) and the inscription “LIBERTY” with a magnifying glass.
- Look for distinct doubling of the letters and numbers. The doubling should be clear and noticeable, not just a slight blur.
- Note that there are different degrees of doubling, which can affect the coin’s value.
Other potential errors include:
- Off-Center Strikes: The coin is struck off-center, resulting in portions of the design being missing.
- Broadstrikes: The coin is struck without the retaining collar, causing it to be wider than normal.
- Die Cracks: Cracks in the die can leave raised lines on the coin.
Factors Influencing Value Beyond Condition and Errors
Several additional factors can influence the value of a 1955 D Wheat Penny:
- Market Demand: Collectible coin prices are subject to fluctuations in market demand.
- Eye Appeal: A coin with attractive toning or luster may be worth more than a comparable coin with dull appearance.
- Third-Party Grading: Coins graded by reputable services like PCGS and NGC typically command higher prices due to the guarantee of authenticity and condition.
Comparing 1955 D Wheat Penny Values
The following table provides an estimated value range for 1955 D Wheat Pennies in various conditions. These are just estimates, and actual prices may vary:
| Condition | Estimated Value |
|---|---|
| Circulated (Good) | $0.03 – $0.05 |
| Fine | $0.10 – $0.25 |
| Very Fine | $0.25 – $0.50 |
| Extremely Fine | $0.50 – $1.00 |
| About Uncirculated | $1.00 – $3.00 |
| Uncirculated (MS63) | $3.00 – $10.00 |
| 1955 D Doubled Die | $100 – $2,500+ |
Resources for Further Research
- PCGS CoinFacts: An online resource for information on US coins.
- NGC Coin Explorer: Another valuable resource for coin values and history.
- Coin Dealers and Auction Houses: Consult with reputable coin dealers or auction houses for appraisals and sales.
Frequently Asked Questions (FAQs)
Is every 1955 D Wheat Penny with any kind of doubling a “Doubled Die Obverse” worth money?
No. The true 1955 Doubled Die Obverse is a specific variety with very clear and distinct doubling of the date and “LIBERTY.” Minor machine doubling or die wear is common and generally does not add significant value.
How can I tell the difference between machine doubling and true doubled die doubling?
True doubled die doubling is created during the die-making process and exhibits a shelf-like appearance on the doubled features. Machine doubling, on the other hand, is a result of die movement during striking and usually appears flat and blurry.
What should I do if I think I’ve found a 1955 D Doubled Die Obverse?
Carefully compare your coin to images of confirmed 1955 Doubled Die Obverse examples online. If you still believe you have a genuine example, consider submitting it to a reputable third-party grading service like PCGS or NGC for authentication and grading.
Are there any other valuable errors besides the Doubled Die Obverse on the 1955 D Wheat Penny?
Yes, while the Doubled Die Obverse is the most famous and valuable, other errors like off-center strikes, broadstrikes, and repunched mintmarks can also command a premium, depending on the severity and desirability.
Does the color of a 1955 D Wheat Penny affect its value?
Yes, color can influence the value, particularly for uncirculated coins. Original red (RD) coins are generally the most desirable, followed by red-brown (RB) and then brown (BN) coins.
Where is the best place to sell a valuable 1955 D Wheat Penny?
Options include reputable coin dealers, online auction sites (like eBay), and major coin auctions. Consult with multiple sources to get an idea of the coin’s market value before selling.
Should I clean my 1955 D Wheat Penny before selling it?
Never clean your coins. Cleaning can damage the surface and significantly reduce their value. Leave them in their original condition.
Are there any counterfeits of the 1955 D Doubled Die Obverse?
Yes, counterfeits do exist. This is another reason to have any potentially valuable coin authenticated by a reputable grading service.
What is the mintage figure for the 1955 D Wheat Penny?
The Denver Mint produced approximately 738,280,000 1955 D Wheat Pennies. This high mintage means that circulated examples are relatively common.
How has the value of the 1955 D Wheat Penny changed over time?
The value has generally increased over time, especially for uncirculated coins and error varieties. Market fluctuations and economic conditions can influence short-term price movements.
What does the “D” mintmark stand for on the 1955 D Wheat Penny?
The “D” mintmark indicates that the coin was struck at the Denver Mint. Coins without a mintmark were struck at the Philadelphia Mint.
If I find a 1955 D Wheat Penny in my change, is it worth keeping?
Yes, even a circulated 1955 D Wheat Penny is worth more than its face value due to its copper content. Moreover, it’s always worth a quick check for any potential errors before putting it back into circulation!