The 1954 wheat pennies have value as numismatic coins. Keep reading to learn more about these one cent coins.
Specifications
Type: Wheat Penny
Year: 1954
Face Value: $0.01
Composition: 95% copper, 5% tin and zinc
Total Weight: 3.11 grams
The US minted the 1954 wheat penny with no mint mark and also the 1954 D wheat penny and 1954 S wheat penny. The mint mark, when present, can be found on the obverse side of the coin below the date.
| Series | Location | Quantity Minted |
|---|---|---|
| 1954 | Philadelphia | 71,640,050 |
| 1954 D | Denver | 251,552,500 |
| 1954 S | San Francisco | 96,190,000 |
Value
The 1954 wheat penny with no mint mark is worth around $0.25 in very fine condition. In extremely fine condition the value is around $0.35. In uncirculated condition the price is around $0.60 for coins with an MS-63RB grade. Uncirculated coins with a grade of MS-65RB can sell for around $2.
The 1954 D wheat penny and 1954 S wheat penny have similar values. Each coin is worth around $0.10 in very fine condition. In extremely fine condition the value is around $0.12. In uncirculated condition the price is around $0.50 for coins with an MS-63RB grade. Uncirculated coins with a grade of MS-65RB can sell for around $1.
Proof coins with no mint mark are available and they are each valued at around $20 in PR 65 condition. There were 233,300 proof coins minted.
Grading System
Very fine- Lincoln's jawbone and cheekbone are worn but still separated. The wheat heads are not worn.
Extremely fine- There is only slight wear on the coin. All of the details are sharp.
MS-63RB choice uncirculated- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent. The color is red-brown.
MS-65RB gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable. The color is red-brown.
PR 65 proof- There are no flaws to this coin. A few blemishes may be present.
Sources:
The Red Book
See also: