The Lincoln penny has been developed for fine over 100 years, and is tho being produced to this day. V that being said, the coin native 1956 is much an ext valuable than the modern-day variety, and also its worth is ever-increasing. Being the the coin is no longer being produced, there has never to be a far better time than currently to get your hands on one of these iconic pieces of us coinage.

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The obverse side of the 1956 Lincoln penny is conquered by the file of Abraham Lincoln. To the left that the President’s image is a raised engraving which reads “Liberty.” the contrary the Liberty inscription is one the reads the 1956 year of minting. Finally, the expression “In God we Trust” is arching overtop the the obverse.

As because that the reverse side the the coin, the middle aspect of the face is dominated by 2 raised engravings on top of one another. One of the engravings reads “United states of America,” when the various other denotes the “One Cent” challenge value. Along the right and left outer edges that the reverse are two single stalks of wheat, which explains why the coin is sometimes dubbed the “Wheat Penny.” Finally, arching overtop the the turning back side is the Latin expression “E Pluribus Unum.”

Grading the 1956 Lincoln Penny

As much as the 1956 Lincoln coin is concerned, collectors are only interested in those coins that have been graded. In short, grading is other that requires having a expert look at the problem of the coin and also assign the an official grade. Below we will present you come the various coin grades and also what these qualities mean for the appearance of the 1956 Lincoln.

Uncirculated: A coin that is identified to be of Uncirculated great is one that has actually never exchanged hands. From the day they to be minted, this coins will have actually been retained in a safe place and, as such, avoided the damages typically connected with coins for this reason old. In a word, this coins look at flawless.

Extremely Fine: Extremely well is the grade provided to coins the look to it is in perfect, however have one or 2 minor flaws. Whether it is a little scratch or some other tiny blemish, this coins will certainly be very lightly damaged. In numerous cases, the damage present on extremely Fine 1956 Lincoln pennies cannot also be seen through the naked eye really easily.

Fine: A coin the is of fine grade is one the was circulated, but not really heavily damaged. Friend will notification some irradiate scratching and smoothing as a result of the changing of hands end the years, but all of the elevated imagery and lettering will be intact and visible through the naked eye.

Good: Good is the lowest, or worst, grade a Lincoln penny deserve to receive. The is indicative the a coin that has been greatly circulated and also heavily damaged. In many cases, the damages on these coins is so severe that several of the raised elements will have been worn away as result of the consistent exchanging the hands these coins walk through.

Pricing the 1956 Lincoln Penny

When it involves determining the worth of a 1956 Lincoln penny, this is other that deserve to be done quite conveniently if you take it a few different things right into consideration. The an initial factor that influences the value of the penny is the form it is. Since there were as much as 3 different varieties of Lincolns produced each year, the form and that is scarcity will assist determine the value. Secondly, the grade of the coin method everything together coins in an excellent condition will be an ext valuable 보다 those that have actually been heavily worn. Listed below you will discover a table listing the various values for coins offered their form and grade.

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Lincoln Pennies


DATEGOODFINEEXTREMELY FINEUNCIRCULATED
1956 Lincoln PennyN/AN/A$0.12$0.15
1956 Lincoln penny (D)N/AN/A$0.12$0.15
Source: Red Book

All industry Updates are detailed as a third party evaluation and perform not necessarily reflect the explicit see of JM Bullion Inc. And also should no be taken as financial advice.