ABOUT THE COIN: THE $48K 1959 “ONE CENT” WHEAT PENNY ERROR
A 1959 Lincoln penny with a rare “One Cent” wheat reverse has become one of the most valuable modern errors, selling for up to $48,300. Here’s why this coin is a once-in-a-lifetime find:
- The Error: In 1959, the U.S. Mint switched from the traditional “Wheat Ears” reverse (1909–1958) to the Lincoln Memorial reverse. However, a tiny number of 1959 pennies were accidentally struck with the old “One Cent” wheat design, creating a legendary transitional error.
- Rarity: Only a handful are confirmed to exist. Most 1959 pennies show the Lincoln Memorial—finding one with the wheat ears is like discovering gold in your pocket change.
HISTORY: THE MINT’S FATAL MISTAKE
In 1958, the U.S. Mint retired the iconic Wheat Penny design after nearly 50 years. The new 1959 Lincoln Memorial reverse was meant to debut the following year. However, due to a die mix-up or production error, a few 1959 pennies retained the old wheat stalks and “ONE CENT” inscription.
- Why It’s Valuable:
- These coins were never supposed to exist. The wheat design was officially discontinued in 1958.
- Only 3–5 examples are confirmed, making them ultra-rare.
- The error symbolizes a critical moment in U.S. coinage history.
RECENT SALES: PROOF OF ITS WORTH
- $48,300: A PCGS-certified MS-65 Red specimen sold at auction in 2022, setting a record for this error.
- $32,000: A slightly worn example (graded AU-58) traded privately in 2023.
- Value Factors:
- Condition: Uncirculated “Red” coins (full copper luster) are worth the most.
- Authenticity: Certification by PCGS or NGC is mandatory for top-dollar sales.
HOW TO SPOT THIS $48K ERROR PENNY
- Check the Date: Only 1959 pennies qualify.
- Flip It Over:
- Correct 1959 Design: Lincoln Memorial building.
- Error Design: Wheat stalks with “ONE CENT” inscription (identical to 1909–1958 pennies).
- Look for Mint Marks:
- “D” (Denver Mint) or no mint mark (Philadelphia). Both are equally rare.
Warning: Counterfeiters often alter 1958 wheat pennies to look like 1959 errors. Use a magnifying glass to verify the date isn’t tampered with.
HOW TO FIND THIS COIN
- Search Old Collections: Inherited jars or coin albums might hide this gem.
- Buy Coin Rolls: Hunt through bank rolls—focus on customer-wrapped batches.
- Check Estate Sales: Many non-collectors unknowingly sell rare coins for face value.
- Online Listings: Scour eBay for “1959 wheat penny” listings, but verify authenticity.
HOW TO SELL IT FOR LIFE-CHANGING CASH
- Grade It: Submit to PCGS or NGC (50–50–150 fee). Grading is non-negotiable for high-value sales.
- Auction It:
- Heritage Auctions: Targets deep-pocketed collectors.
- eBay: Use keywords like “1959 Wheat Penny Error PCGS” and include high-resolution photos.
- Private Sale: Connect with error coin specialists via forums like CoinTalk or Reddit r/Coins.
WHY THIS COIN COULD BE IN YOUR PIGGY BANK
Most people assume all 1959 pennies are ordinary—but this error is a sleeping giant. Even a worn example could sell for $10,000+, while pristine coins rival the price of a luxury car.
DON’T CASH IN YOUR COINS UNTIL YOU WATCH THIS!
<span style=”color: #ff0000;”>Want to learn how to spot this error?</span> Head to PennyVerse.info for:
✅ FREE Tutorial: “How to Authenticate Rare Pennies” (includes 1959 error checklist).
✅ Auction Alerts: Track live sales of this $48k penny.
✅ Expert Community: Get your coin reviewed by seasoned collectors.
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One response to “DON’T CASH IN YOUR PENNIES YET: THIS 1959 ERROR COIN COULD BE WORTH $48,300!”
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I have a 1959 Lincoln wheat, that is extremely fine(proof) condition cent.through the herit coin app.
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