1956 Lincoln Penny

Confidence Level: 90%

Appraisal of 1956 Lincoln Penny

Physical Description: This item is a 1956 Lincoln penny, made of copper. The coin features the profile of President Abraham Lincoln on the obverse and the Lincoln Memorial on the reverse. The dimensions are standard for U.S. pennies, approximately 19.05 mm in diameter and weighing 2.5 grams.

Maker Identification

The coin was minted by the United States Mint, which was established in 1792. The Lincoln penny was first issued in 1909 to commemorate the 100th anniversary of Lincoln's birth. The 1956 penny is part of a long-standing tradition of U.S. coinage that celebrates American history and figures.

Authentication

Authentication markers include the date and mint mark (if present) on the coin. The 1956 penny is not known for significant counterfeiting, but collectors should be aware of the quality of the coin's strike and any unusual wear. Professional authentication is not typically necessary for this coin unless it is in an unusual condition.

Dating

The date of 1956 is clearly marked on the coin, indicating its production year. The design elements, including the Lincoln profile and the reverse depiction of the Lincoln Memorial, are consistent with coins minted during that period.

Condition

Condition Grade: Very Good

Condition Notes: The coin shows signs of wear typical for its age, including minor scratches and a loss of luster. However, there are no significant dents or corrosion.

Condition Value Impact: Very Good condition typically retains about 50-70% of its value compared to higher grades.

Completeness

This item is complete as a single coin. There are no missing parts.

Market Context

The market for Lincoln pennies, particularly from the mid-20th century, remains stable. Demand for these coins is moderate, with collectors often seeking them for their historical significance rather than high monetary value. They can be sold at coin shows, through online marketplaces, or to local coin dealers.

Collector Appeal

Collectors value Lincoln pennies for their historical significance and the legacy of Abraham Lincoln. The 1956 penny is particularly sought after by those completing sets of Lincoln coins.

Care Tips

• Store the coin in a protective holder to prevent scratches.
• Avoid cleaning the coin, as this can reduce its value.
• Keep the coin in a cool, dry place away from direct sunlight.

Provenance

Documentation such as original purchase receipts or historical records can enhance the coin's value. Researching its history through numismatic resources or local coin clubs can provide additional context.

Comparable Sales

• 1956 Lincoln Penny, Very Good - $0.50 (2022, eBay)
• 1956 Lincoln Penny, Fine - $1.00 (2021, Heritage Auctions)
• 1956 Lincoln Penny, Uncirculated - $3.00 (2023, Coin World)

Valuation

Estimated Value: $0.50 - $1.00 for the single coin.

This is not a certified appraisal and must not be relied upon for insurance, legal, tax, or estate purposes.

💰 ESTIMATED VALUE
$1 - $1

This valuation reflects current market conditions, informed by inflation-adjusted data from our 25+ year archive of expert appraisals.