1959 Penny: Is Yours Worth a Fortune?

2 min read 02-01-2025

Meta Description: Discover if your 1959 penny could be worth a small fortune! Learn about rare mint marks, error coins, and how to identify valuable variations of this iconic coin. We'll guide you through checking your pennies for valuable features and where to get them appraised.

Title Tag: 1959 Penny Value: Is Yours Worth a Fortune?

Introduction

The humble 1959 penny. Millions were minted, making it a seemingly commonplace coin. However, certain 1959 pennies can be worth significantly more than their face value – even a small fortune depending on their condition and specific characteristics. This article will guide you through identifying potentially valuable 1959 pennies.

Identifying Valuable 1959 Pennies: Key Features

Several factors determine the value of a 1959 penny. These include:

Mint Mark

The mint mark, a small letter indicating where the coin was minted (Denver (D) or Philadelphia (no mark)), is crucial. While most 1959 pennies are from Philadelphia, Denver mint pennies are less common, increasing their potential value.

Error Coins

Error coins, which are produced due to minting mistakes, are highly sought after by collectors. These errors can include:

Doubled Dies: Parts of the design appear doubled.
Off-Center Strikes: The image is not centered on the planchet (the metal blank).
Broadstrikes: The coin is struck outside of the collar, resulting in a wider appearance.

These errors can significantly increase a coin’s value. Examine your 1959 pennies closely for any irregularities.

Condition (Grading)

The condition of your penny greatly impacts its value. Professional grading services use a standardized scale (like the Sheldon Scale) to assess a coin's condition. Uncirculated (MS) coins are in perfect condition and command the highest prices. Even coins showing minor wear can still have collector value.

Where to Find Information on Penny Values

Several resources can help you determine the value of your 1959 penny:

Online Resources: Websites specializing in coin collecting offer price guides and information on coin values. Use reputable sources and compare prices from multiple sites.
Coin Dealers: Local coin dealers or shops can appraise your coins and provide accurate valuations. They can assess the condition and identify any unique features.
Professional Grading Services: For potentially high-value coins, sending them to a professional grading service (like PCGS or NGC) is recommended. This provides an objective assessment and certification of authenticity and grade.

How to Check Your Pennies

Carefully examine your 1959 pennies with a magnifying glass under good lighting. Look for:

The mint mark: Is there a "D" below the date?
The details of the design: Are any parts of the design doubled or blurry?
The coin's overall condition: Is it well-preserved, or does it show significant wear?

Conclusion

While most 1959 pennies are worth only their face value, a small percentage holds significant collector value. By understanding the key factors influencing value – mint mark, errors, and condition – you can effectively assess whether your 1959 penny could be worth a fortune. Remember to research thoroughly and consult with experts for a definitive valuation, especially for coins showing signs of errors or exceptional condition. Don't underestimate the potential hidden in your change jar!

(Include images of different 1959 pennies, highlighting mint marks and potential errors. Also, include images illustrating different grades of coin condition.)