How Much is a 1955 Wheat Penny Worth? (Price Chart)

The 1955 Penny is on the list of the Lincoln pennies Victor D. Brenner designed. Millions of these cents were produced, and we still have many of them around. However, they are not easily available as pocket change because they are mostly kept in coin hoards and collections.

The value of the 1955 Wheat penny in good condition is $0.02, but this cent could be worth way more than this, based on its other features. For example, in 2021, a rare double die 1955 penny was sold on eBay for $1,800.75!

If you’re passionate about Lincoln pennies, you should unquestionably invest time in finding out more about the 1955 Wheat penny. Reading this article is a great starting point since we’re going to discuss this widely-known cent.

 

What is the 1955 Penny?

What is the 1955 Penny
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The 1955 Penny is a Wheat cent made from copper, zinc, and tin. As its name suggests, it was minted in 1955 in the US.

Like other Lincoln pennies, it features the Abraham Lincoln profile on its obverse side and the inscriptions “LIBERTY” and “IN GOD WE TRUST.” In addition, there are two inscriptions on the 1955 Penny’s tail – “One Cent” and “United States of America.”

Since the 1955 Penny’s features are pretty much similar to those of other wheat pennies, how can you distinguish it from them? Well, on its head is the date “1955” to indicate the year it was made.

Brief Summary of the 1955 Penny

  • Name of Coin: 1955 Lincoln (Wheat) Penny
  • Series of Coin: Lincoln Cent
  • Portrait: Abraham Lincoln
  • Main Reverse Feature: “ONE CENT”
  • Denominational value: $0.01
  • Pawnshop value: Depends on the 1955 penny’s features/condition
  • Metal Composition: Copper (95%) and tin & zinc (5%)
  • Diameter: 19.05mm
  • Mass/Weight: 3.11 grams
  • Mint: Philadelphia, San Francisco, and Denver mints
  • Designer: Victor David Brenner
  • Mintage No: 938,825,700 coins

History of the 1955 Wheat Penny

Almost a billion 1955 pennies were struck in the United States in 1955. There were three varieties of this cent, distinguished by the mint marks they bore. While those made at the Philadelphia mint featured no mint mark, those struck at the Denver and San Francisco mint had a “D” and “S” mintmark, respectively.

About 40,000 of the 1955 pennies made came with the doubled die error. More than 20,000 of these were released and remain one of the most sought-after Lincoln cents.

Why was the 1955 penny minted?

As with all the wheat pennies, the 1955 penny was minted to honor President Abraham Lincoln.

Mintage

330,958,200 1955 pennies without any mintmark were minted at the Philadelphia mint. 563,257,500 of these cents (with a “D” mint mark) were produced at the Denver mint. The San Francisco mints struck 44,610,000 with an “S” mintmark – 378,000 of these 1955 S pennies were proof.

 

Features of the 1955 penny

These are the main features to look out for when you want to identify a 1955 penny.

Obverse (head) features)

Obverse (head) features)

The head of the 1955 penny features an Abraham Lincoln image. There’s a raised inscription on its left side – it reads “LIBERTY.” On the right side, you’ll find the year “1955,” while across the top of this cent’s obverse side is the inscription “IN GOD WE TRUST.”

Reverse (tail) features

Reverse (tail) features

The 1955 Penny’s reverse side is dominated by two inscriptions – “ONE CENT” and “UNITED STATES OF AMERICA.” There’s a wheat stalk along the left outer edge and another along the right outer edge.  The phrase “E Pluribus Unum” is engraved across the top of the 1955 cent’s tail.

Metals Used

A combination of 95% copper and 5% zinc & tin was used to manufacture the 1955 Wheat penny. The penny weighs 3.11 g and has a diameter of 19.05 mm (0.750 in).

 

The 1955 Wheat Penny Value

The 1955 Wheat Penny Value
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The value of a 1955 penny minted at the Philadelphia mint is $0.02 if it’s in good or fine condition. One minted at the San Francisco mint is priced a little higher, at $0.03. If the 1955 S penny is proof, its price shoots to about $22. 1955-D pennies are worth $0.30 in uncirculated conditions. But if they are in fine or good condition, they are worth as much as 1955 pennies without mint marks.A 1955 penny in certified mint state (MS+) can fetch about $8 or more at an auction.

Comparison Table Showing the Value of the 1955 Penny

Condition/Coin Variety  1955 1955 D 1955 S 1955 DLB DIE
Good $0.02 $0.02 $0.03 N/A
Fine $0.02 $0.02 $0.03 N/A
Extremely Fine $0.04 $0.04 $0.05 $901
Uncirculated $1 $0.30 $0.35 $1,583

How much is the 1955 penny worth at the pawnshop?

It’s somewhat tricky to tell the exact price of a 1955 penny at a pawnshop. This is because these businesses consider different factors when assessing the value of this penny.

These include its condition and rarity. This is why one 1955 penny can be worth only $0.02 at a pawn shop, and another can be priced at $8 – $22 or more. One with an error, such as the 1955 double die cent, is worth more than all others. It can be sold for $901 in extremely fine condition.

 

Factors That Influence the Value of the 1955 Penny

Factors That Influence the Value of the 1955 Penny
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Supposing you have a 1955 penny that you’d like to sell, how do you know the best price to ask for it? Here are the factors that numismatists put into account when assessing the value of 1955 wheat pennies.

Grade

The grade of a 1955 penny determines its condition. We have these four grades:

  • Uncirculated – When a 1955 penny has this grade, it has been stored since it was minted in 1955. It hasn’t been through any hands. Therefore, it doesn’t have any signs of wear, and anyone can believe it just left the mint.
  • Extremely fine – A 1955 Penny with this grade doesn’t look as bright as the one in uncirculated condition. This cent has exchanged a few or no hands. It has some minor flaws, which are only noticeable under a microscope or loupe.
  • Fine – 1955 pennies in fine condition have been on the open market for a long time. This has resulted in visible damage such as slight smoothing or scratching. However, the raised lettering, like the “1955”, “In God We Trust,” “LIBERTY” and “E Pluribus Unum” is still flawless. The wheat stalks and Abraham Lincoln’s also look pretty decent.
  •  Good – If a numismatist gives a 1955 penny this grade, it means it has a lot of damage. The lettering and imagery might be invisible due to smoothing. This coin also comes with deep scratches that make it unappealing to collectors.

Typically, the value of a 1955 penny increases as its condition improves. Therefore, a 1955 penny in uncirculated condition is worth more than those with extremely fine, fine, and good grades.

Rarity

Rarity is another common factor that influences the value of a 1955 penny. Today, 1955 S cents are rarer than the other 1955 pennies. The San Francisco mint stopped producing these cents after minting 44,610,000 of them. This makes them incredibly valuable to coin dealers, meaning their demand is also higher than other varieties.

Misstruck/ Error Coin

Misstruck 1955 coins are worth unbelievably more than regular-strike pennies. The double die error coin is one of the most well-known and recognizable errors in the 1955 penny. These coins were produced because the coin die wasn’t manufactured correctly. This caused two images or letters to appear on one coin die (the two images or letters are similar but slightly offset).

A 1955 double die penny is extremely valuable, making it one of the most coveted coins anyone can possess. In 2021, a 1955 cent with this error fetched an incredible $1,800.75 on eBay. Impressively, about 40 coin enthusiasts were fighting for it. But only the user “mnvikings55” got to take it home. The 1955 double die coin could have effortlessly been sold for $16,644 if it were in uncirculated (MS-63) condition.

FAQ

1955 Wheat Penny FAQ
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Where can I find a 1955 penny today?

If you want a 1955 penny, visit an enthusiastic coin dealer you know. Most of these collectors keep this cent for its numismatic value. You may find it in estates with coin collections as well.  Some pawnshops also have this popular Lincoln cent and can sell it to you at a price they deem fit.

How can I determine the value of my 1955 penny?

Identifying the value of your 1955 penny is pretty easy. First, consider factors such as its grade/condition and rarity.

If you’re not conversant with the process of determining the price of a Lincoln penny, consult a trustworthy numismatist. With them, it’ll be a lot easier to know how much your 1955 penny is worth.

If I have a 1955 Penny and want to sell it, what should I do?

If you have a 1955 penny for sale, take it to the pawnshop. The pawnbroker will analyze its features and appraise it. Then, supposing you’re discontent with selling it to them at the price they name, consider eCommerce websites such as eBay and Amazon. You can also sell it at an auction.

Where was the 1955 Penny minted?

1955 pennies were minted at the Philadelphia, San Francisco, and Denver mints in the US.

What are some of the interesting things that happened in the year the 1955 penny was made?

Several noteworthy things occurred when the 1955 penny was minted. For instance, Winston Churchill, the widely-known British Prime Minister, stepped down because his health was deteriorating. In addition, famous physicist, Albert Einstein, died the same year at 76.

Another highlight from 1955 is that the United States started sending help to Vietnam, marking its involvement in the war.

 

Winding up: Is the 1955 Wheat Penny Value worth it?

The 1955 penny, whose face value is $0.01, is worth it because of its real value that ranges from $0.02 to thousands of dollars. It’s affected by elements such as rarity and grading. Since it’s a part of the Lincoln pennies designed by Victor David Brenner, it has common Wheat cent features like the Abraham Lincoln image on its head and two wheat stalks on its tail. To know more about this cent, contact us!

24 thoughts on “How Much is a 1955 Wheat Penny Worth? (Price Chart)”

  1. I have a 1955 Lincoln one cent penny with no mint mark. Can I send you an email with a picture of the penny? Would like to know if I have the more expensive one. Thanks

    Reply
  2. I have a 1955 wheat penny thats double die on all the wording and date can I send a picture and can you tell me what you think its worth?

    Reply
  3. I have 2 1955 no mint double die obverse extremely in mint condition and very double on obverse everything how much is it worth this is the most doubled I have ever seen

    Reply
  4. I have a great 1955 wheat penney,with no mint mark would like to sell..it does have some defect right on side by the L

    Reply
  5. I have a 1955 P Wheat Penny Fine/Circulated coin. Wheat penny collectors dream $$$$$. Let me know what it’s worth for you to have. Leave a comment.

    Reply
  6. I have a 1955 wheat penny with no mint mark and it is the color of the 1943 steel pennies. A magnet does not stick to it. Does this have any value? I found it in some of the coins my Grandfather gave me when I was a kid.

    Reply
  7. I have a 1955 wheat penny on the tail side of America There is a 5 over the E And the AM are touching and the CA are touching The date appears to be double dyed There are no numbers on the wheat tailside except for the five over the E In America

    Reply

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