How Much Is a Penny Worth From 1956?
A penny from 1956 can be a valuable collectible, but its worth depends heavily on its condition and whether it's a standard Lincoln penny or a rare variety.
The Value of a 1956 Lincoln Penny
A 1956 Lincoln penny, in standard condition, is only worth its face value of one cent. However, its value can increase depending on its condition:
- Uncirculated: This means the coin has never been used and is in pristine condition. Its value can range from a few dollars to tens of dollars.
- Proof: These are special coins made for collectors, often featuring a mirror-like finish. They can be worth hundreds of dollars, especially if they are in excellent condition.
- Rare Varieties: Certain varieties of the 1956 Lincoln penny are more valuable than others. For example, a 1956 double die penny, where the image is struck twice, can be worth thousands of dollars.
How to Determine a 1956 Penny's Value:
- Check for any imperfections: Look for any scratches, dents, or wear and tear.
- Examine the date: A 1956 double die penny is a sought-after collector's item.
- Look for the "S" mint mark: Pennies minted in San Francisco have a small "S" on the reverse side. This mint mark can increase a coin's value.
- Use a coin grading service: If you think your penny might be valuable, consider having it graded by a professional coin grading service. This will give you a more accurate assessment of its worth.
Tips for Finding a Valuable 1956 Penny
- Search through your change: You never know what treasures you might find in your pocket change!
- Visit coin shows and flea markets: These are great places to find valuable coins, including those from 1956.
- Look online: There are many websites and online auction platforms where you can buy and sell coins, including 1956 pennies.
Conclusion
A 1956 penny can be worth more than its face value if it's in good condition or if it's a rare variety. By carefully inspecting your pennies and researching their potential value, you may discover a hidden treasure in your collection.