The 1952 Lincoln Wheat penny was minted in a year that saw Harry S. Truman as President of the United States, and by the end of the year, Dwight D. Eisenhower was poised to occupy the White Residence. The civil rights movement was gaining momentum, and tiny strides towards equality had been evolving. For instance, Emmett Ashford became the 1st African-American umpire in organized baseball, by getting authorized to be a substitute umpire in the Southwestern International League.
On the numismatic front, coin collecting was gaining momentum as a hobby and as an investment method. The coin collecting craze launched by the public in search of rolls of rare 1950-D Jefferson Nickels continued by means of the mid-1950s. Numismatic News was launched as a monthly coin collecting newspaper. Collecting annual United States Proof Sets gained in popularity and sales began to soar. Coin collecting was becoming a full-fledged American hobby in 1952.
History of the Lincoln Wheat Cent
The United States Mint had minted the Lincoln Wheat Penny since 1909 when it replaced the Indian Head penny. By 1952, the mint made a total of nearly 37 billion Lincoln Wheat cents. James Earl Fraser, the designer of the Indian Head nickel, created a new design to replace the present Lincoln penny. The mint struck pattern pieces, nonetheless, and the newly redesigned penny was never ever adopted.
The mint continued to manufacture Lincoln pennies with the wheat ears on the reverse up until 1958. Beginning in 1959, the mint changed the reverse to feature a rendition of the Lincoln Memorial in Washington, DC, created by Frank Gasparro. The Lincoln Memorial reverse continued for fifty years till it was replaced in 2009 with the Lincoln Bicentennial series of reverse styles. This 1-year circulating commemorative was replaced in 2010 with a reverse design and style by Lyndall Bass featuring a prominent shield on the reverse.
1952 Lincoln Wheat Penny Errors and Varieties
Simply because of the sheer volume of mass-created Lincoln cents, odds have it that there are bound to be a few blunders. Die varieties abound and contain the well-known 1955 Lincoln cent doubled die obverse and the 1943 copper pennies. However, 1952 was a year that yielded only a single popular die varieties in the Lincoln cent series: the 1952-D D/S Re-Punched Mint Mark (Catalog ID: FS-511). On this selection, there is a slight remnant of an S visible underneath the D mint mark. This variety carries a small premium more than a non-variety specimen.
Grading Your Lincoln Penny
Coin grading is one of the quality measurements employed to establish the worth of the coin. The problem is that determining the grade of the coin is not a scientific endeavor and is a matter of opinion. However, numismatists have agreed to particular criteria that aid location a worth on the coin. Lincoln wheat pennies are graded on a scale of 1 to 70. Exactly where 1 is a well-worn and barely recognizable specimen, and 70 is a pristine and best instance of the coin. You can accurately grade your Lincoln Wheat Penny by spending a little time to educate yourself on the grading requirements.
The United States Mint manufactured Lincoln Wheat pennies in 1952 at 3 distinct facilities: Philadelphia, Denver, and San Francisco. Every single of these facilities made hundreds of millions of Lincoln wheat pennies that year. Despite the fact that these numbers sound humongous, mint personnel had time to make good quality coins and well-struck examples are straightforward to discover. In addition, planchets of this date are also of higher high quality.
Values & Mintages
Though 1952 Lincoln wheat pennies are quite frequent, uncirculated and well-struck examples in pristine situation can be worth a couple of dollars. Circulated examples are sometimes located in circulation these days.
Date & MintMintageCirc. BuyCirc. SellUnc. BuyUnc. Sell1952
Despite the fact that, the 1952 Lincoln Wheat penny is a relatively frequent coin, some uncommon specimens have been sold at auction. Right here are the best ten auction records for the 1952 Lincoln Wheat penny:
* $9,775 - November 2007 David Lawrence RC MS67 (PCGS)
* $six,463 - April 2015 Heritage Auctions MS67+ (PCGS)
* $six,325 - September 2008 Heritage Auctions MS67 (PCGS)
* $6,325 - Might 2005 Heritage Auctions MS67 (PCGS)
* $5,980 - August 2006 Bowers & Merena MS67 (PCGS)
* $5,800 - March 2012 eBay MS67 (PCGS)
* $five,290 - August 2009 David Lawrence RC MS67 (PCGS)
* $five,100 - January 2004 Superior Galleries MS67 (PCGS)
* $five,060 - January 2005 Heritage Auctions MS67 (PCGS)
* $4,994 - April 2014 Heritage Auctions MS67 (PCGS)