The Lincoln penny has been developed for fine over 100 years, and is tho being created to this day. Through that gift said, the coin indigenous 1956 is much an ext valuable 보다 the modern-day variety, and its value is ever-increasing. Being that the coin is no longer being produced, there has never been a far better time than now to get your hand on one of these iconic pieces of united state coinage.
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The obverse side of the 1956 Lincoln coin is dominated by the file of Abraham Lincoln. To the left the the President’s picture is a raised inscription which reads “Liberty.” the opposite the Liberty inscription is one the reads the 1956 year that minting. Finally, the expression “In God we Trust” is arching overtop of the obverse.
As for the reverse side of the coin, the middle facet of the face is dominated by two raised engravings on optimal of one another. Among the inscriptions reads “United states of America,” if the various other denotes the “One Cent” challenge value. Along the right and also left outer edges that the reverse room two single stalks that wheat, which describes why the coin is sometimes called the “Wheat Penny.” Finally, arching overtop that the reverse side is the Latin phrase “E Pluribus Unum.”
Grading the 1956 Lincoln Penny
As far as the 1956 Lincoln coin is concerned, collectors are only interested in those coins that have been graded. In short, grading is something that entails having a skilled look in ~ the problem of the coin and assign that an main grade. Below we will present you to the different coin grades as well as what these grades mean because that the figure of the 1956 Lincoln.
Uncirculated: A coin the is identified to it is in of Uncirculated grade is one that has never exchanged hands. Native the day they were minted, this coins will have actually been kept in a safe place and, as such, avoided the damage typically connected with coins therefore old. In a word, this coins look flawless.
Extremely Fine: Extremely good is the grade offered to coins that look to it is in perfect, but have one or 2 minor flaws. Whether it is a small scratch or some other tiny blemish, these coins will certainly be really lightly damaged. In countless cases, the damage present on incredibly Fine 1956 Lincoln pennies cannot even be seen through the nude eye really easily.
Fine: A coin the is of well grade is one that was circulated, but not very heavily damaged. Girlfriend will notification some irradiate scratching and also smoothing as a result of the an altering of hands end the years, but all of the increased imagery and also lettering will be intact and visible with the naked eye.
Good: Good is the lowest, or worst, grade a Lincoln penny can receive. It is indicative the a coin that has actually been greatly circulated and heavily damaged. In many cases, the damages on this coins is so severe that few of the raised facets will have been worn away due to the constant exchanging that hands these coins go through.
Pricing the 1956 Lincoln Penny
When it comes to determining the value of a 1956 Lincoln penny, this is miscellaneous that deserve to be excellent quite quickly if you take it a couple of different things into consideration. The first factor that influences the worth of the coin is the kind it is. Since there were up to 3 different species of Lincolns produced each year, the form and that is scarcity will help determine the value. Secondly, the great of the coin way everything together coins in good condition will certainly be much more valuable than those that have actually been heavily worn. Below you will discover a table listing the different values for coins provided their type and grade.
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|1956 Lincoln Penny||N/A||N/A||$0.12||$0.15|
|1956 Lincoln penny (D)||N/A||N/A||$0.12||$0.15||Source: Red Book|
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