You can check the YouTube video below to see how to grade these coins. The 1951 S wheat penny is worth around $0.25 in very fine condition. This does not include common mistakes but refers to unique errors. Other rare and valuable 1951 pennies are those that contain errors and varieties, such as: Doubled dies Repunched mintmarks Off-center strikes It increases the coins worth normally by reducing the number up for acquisition, but the case is different for the 1951 wheat penny. However, he still had to change his initials from his full surname on the obverse to the letters V.D.B at the bottom of the coins reverse. The 1951-D Lincoln penny repunched mintmark error occurs when the letter punch used for the mint mark leaves two or more offset impressions. The wheat penny series remain the most popular one-cent coin, and it circulated for an impressive 49-year period. 2010 - 2023 USA Coin Book. In a more protected area, a less refined bow-tie is noted on the weak strike cent. Second example was cleaned using a heavy touch, likely attempting to remove debris. Proof Coins can be Worth $75 or more. A 1951 (P) Proof 65 RD DCAM sold for $1,500, and at least one PF 67 RD Ultra Cameo was graded by NGC. The coin die ends up having an off-center impression of the same design, and coins minted using this die will have this doubling effect. 2) A proof 1956 Lincoln wheat cent that was struck for coin collectors and included in 1956 proof sets is worth $3 and up. This will help a potential bidder identify it quickly. Striking the fewest was the San Francisco mint, continuing its historical trend. A 1951-D Wheat Penny graded MS 67 RD sold for just $312. On the other hand, you need to pay somewhere between $50 and $75 for a 1950 proof Lincoln penny. There are many errors that collectors value a lot, especially if they are RD. These coins can fetch quite the price, and even more so when theyre still Red. Beyond that, the grade of the coin will also come into play. However, some rarer varieties in excellent condition can sell for as much as $40+, including specific errors. 1951 proof Pennies are great coins for die-hard Penny enthusiasts who want to add a little extra flair to their one-cent collections. But chances are any of the Lincoln Wheat cents you've found in pocket . Only the first 50 to 100 coins come out as DCAM or U-CAM. However, some rarer varieties in excellent condition can sell for as much as $40+, including specific errors.