The 1950s was an important decade for U.S. coin production, with vast numbers of coins entering circulation. However, some coins from this era have become prized possessions for collectors, fetching impressive sums due to their rarity, minting errors, or exceptional preservation. Let’s look into three standout coins from the 1950s that hold significant value in today’s market.
1955 Double Die Lincoln Cent
The 1955 Double Die Lincoln Cent is a cornerstone of American numismatics, famous for its striking double-struck error. This error occurred when the obverse die was misaligned during the minting process, causing noticeable doubling on the date and inscriptions, such as “IN GOD WE TRUST” and “LIBERTY.”
How to Identify It:
- Look for pronounced doubling on the obverse text and numbers.
- The error is most evident on the date “1955” and the word “LIBERTY.”
Value:
Depending on condition, these coins can range from $1,000 to $17,000. High-grade examples are especially valuable.
1950-D Jefferson Nickel
The 1950-D Jefferson Nickel stands out for its rarity rather than an error. Produced at the Denver Mint, this coin had the lowest mintage of all Jefferson Nickels, with just over 2.6 million struck. Its scarcity has made it highly desirable among collectors.
How to Identify It:
- Check for the “D” mintmark on the reverse, to the right of Monticello.
- Coins in uncirculated condition are particularly valuable.
Value:
Uncirculated examples can fetch between $500 and $7,000, depending on their grade.
1959-D Wheat Penny
The 1959-D Wheat Penny is an extraordinary transitional error. In 1959, the U.S. Mint replaced the Wheat Ear reverse design with the Lincoln Memorial design on pennies. However, a few 1959 pennies were mistakenly struck with the Wheat Ear design, making them incredibly rare and valuable.
How to Identify It:
- Look for the Wheat Ear reverse instead of the Lincoln Memorial.
- The “D” mintmark below the date indicates it was minted in Denver.
Value:
These rare coins can sell for $1,500 to $50,000, depending on their condition.
Other Valuable Coins
| Coin Name | Mint Location | Year | Approximate Value ($) |
|---|---|---|---|
| 1955 Double Die Lincoln Cent | Philadelphia | 1955 | $1,000 – $17,000 |
| 1950-D Jefferson Nickel | Denver | 1950 | $500 – $7,000 |
| 1959-D Wheat Penny | Denver | 1959 | $1,500 – $50,000 |
| 1950 Lincoln Cent | Philadelphia | 1950 | $100 – $500 |
| 1958 Roosevelt Dime | Philadelphia | 1958 | $100 – $3,000 |
| 1954-S Franklin Half Dollar | San Francisco | 1954 | $200 – $4,000 |
| 1957 Silver Quarter | Denver | 1957 | $150 – $2,500 |
Tips for Collectors
- Use Magnification: Inspect coins closely for errors or mintmarks that indicate rarity.
- Grade Your Coins: Professionally graded coins often fetch higher prices.
- Preserve Coins Carefully: Store coins in protective cases to prevent damage or tarnishing.
- Research Values: Coin values fluctuate, so check current auction results to estimate worth.
The 1950s produced many coins that have risen well beyond their face value. Whether you’re searching for the famed 1955 Double Die Lincoln Cent or a rare 1959-D Wheat Penny, these coins are treasures for collectors and a testament to the fascinating world of numismatics.
FAQs
Why is the 1955 Double Die Cent valuable?
It features a noticeable doubling error on the obverse.
What makes the 1950-D Jefferson Nickel rare?
It has the lowest mintage of any Jefferson Nickel.
How can I identify a 1959-D Wheat Penny?
Look for the Wheat Ear reverse instead of the Lincoln Memorial.
What is the value of a 1954-S Franklin Half Dollar?
It can range from $200 to $4,000 depending on condition.
Should I get 1950s coins professionally graded?
Yes, grading can increase their value and authenticity.
