At Pennyverse.info, we’ve analyzed thousands of 1958 wheat pennies to bring you the most accurate valuation guide available. Discover whether your coin is worth face value or up to $15,000!
1958 Wheat Penny Value Chart
| Condition | Philadelphia | Denver (D) | Proof |
|---|---|---|---|
| Circulated | 0.05−0.05−0.50 | 0.10−0.10−1 | 1−1−5 |
| Uncirculated | 1−1−25 | 2−2−50 | 10−10−100 |
| MS-65+ Red | 50−50−500 | 75−75−1,000 | 150−150−15,000 |
Key Factors Affecting Value
1. Mint Mark Variations
- No mintmark (Philadelphia): 252,525,000 minted
- D (Denver): 800,953,300 minted
- Proof (Philadelphia): 875,652 minted
2. Condition & Color
- Red (RD): Full original luster (highest value)
- Red-Brown (RB): Partial toning
- Brown (BN): Fully circulated (lowest value)
3. Notable Errors & Varieties
- Doubled Die Obverse: 500−500−5,000
- Repunched Mintmark: 100−100−1,000
- Off-Center Strikes: 50−50−500
How to Grade Your 1958 Wheat Penny
Step-by-Step Evaluation:
- Check the Mintmark (below wheat stalks)
- Examine Wear (Lincoln’s cheek and wheat stalks)
- Assess Color under natural light
- Look for Errors under 10x magnification
Where to Sell Your 1958 Wheat Penny
✅ Top Tier (MS-65+): Heritage Auctions
✅ Mid Grade: eBay (certified coins only)
✅ Circulated: Local coin shops
⚠ Avoid: Pawn shops, “we buy gold” stores
Professional Preservation Tips
- Handle by edges with cotton gloves
- Store in archival-quality holders
- Keep away from PVC and harsh chemicals
- Maintain stable temperature/humidity
Frequently Asked Questions
Q: Are all 1958 pennies valuable?
A: Most are common, but high-grade red specimens and errors can be valuable.
Q: How can I tell if mine is a proof?
A: Proofs have mirror-like fields and frosted devices.
Q: Where’s the best place to find rare 1958 pennies?
A: Original mint sets and old bank rolls.
Why Collectors Love This Coin
- Last year of the wheat reverse design
- Transitional composition (95% copper)
- Nostalgic appeal for baby boomers
Want to learn more about wheat pennies? Explore our complete series
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