Lincoln Memorial Cent · First Year Memorial Reverse · 95% Copper

1959 Penny Value, Error list & Coin Identifier App

The coin that retired the wheat ears — and produced the most controversial mule in U.S. history.

1.88B+

Total Minted

1959

First Memorial Reverse

$48,300

Mule Top Auction

7

Error Types

Contents

The 1959 penny holds a singular place in American coinage history: it is the first Lincoln cent to carry Frank Gasparro’s Lincoln Memorial reverse design, replacing the iconic wheat ears that had graced the coin since 1909. Every 1959 penny you find in circulation is a 50th-anniversary commemorative of sorts — marking the shift that would define the Lincoln cent for the next five decades. The SD Bullion 1959 penny value guide provides current melt values, certified population data, and in-depth variety analysis for both Philadelphia and Denver issues.

1959 Penny at a Glance

  • Composition: 95% copper, 5% tin & zinc
  • Weight: 3.11g — plain edge
  • Diameter: 19.05mm — Thickness: 1.52mm
  • Designer: V.D. Brenner (obv.) / Frank Gasparro (rev.)
  • Total mintage: ~1.89 billion across both mints
  • Color grades: RD (Red) > RB (Red-Brown) > BN (Brown)
  • Mint marks: None = Philadelphia; D = Denver (below date)
  • Historic note: First year of Lincoln Memorial reverse

For most collectors, a 1959 penny is a common, affordable coin — circulated examples are worth only face value, and even gem-quality MS-67 RD examples rarely exceed a few hundred dollars. But the coin’s historical significance as the inaugural Memorial cent, combined with a roster of genuine errors and one of the most controversial mule coins in American numismatics, makes the 1959 series genuinely rewarding to study and collect.


Quick Value Check

Three questions to answer before diving deeper

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Flip It — Check the Reverse

Does the reverse show WHEAT EARS instead of the Lincoln Memorial? If so, you may have the legendary 1959-D Mule — potentially worth $31,000–$50,000+.

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Check D Mintmark Under 10x

Denver coins: look for a secondary D shadow (RPM FS-501), or doubling on LIBERTY and the date (DDO). Either adds meaningful premiums.

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Grade the Color

Full red luster? MS-65 RD and above is where value accelerates. A single MS-68 RD sold for $9,000. BN circulated: face value only.

What You See Likely Scenario Estimated Value Next Step
Wheat ears reverse, 1959-D obverse Mule Error ⭐ $31,000–$50,000+ Expert authentication immediately
Strong doubling on LIBERTY / date DDO variety $50–$2,000 Authenticate, grade & variety-attribute
Secondary D shadow on D mintmark RPM FS-501 $50–$176+ Compare to CONECA/FS reference
Silver color, ~2.5g, 17.9mm diameter Wrong planchet (dime) $1,000–$1,600 Weigh, measure, PCGS/NGC
Full red luster, MS-65 RD or better Premium mint state $15–$9,000 Submit for grading
Normal copper, worn, any mint Common circulated $0.01–$0.10 Keep for type / date sets

Varieties & Mintage

Two mints — 1959 was the first year without San Francisco business strikes

Variety Mintmark Mintage Rarity Key Notes
1959-P None (Philadelphia) 609,715,000 Abundant First Memorial reverse; MS-68 = $14,000 PCGS record
1959-D D (Denver) 1,279,760,000 Abundant RPM FS-501 exists; MS-68 = $9,000; source of Mule controversy
1959 Proof None (Philadelphia) 1,149,291 Collectible Deep Cameo (DCAM) most desirable; PR-70 DCAM = $300+

🏭 Why 1959 Matters in Lincoln Cent History

1959 marked the 150th anniversary of Lincoln’s birth — and the U.S. Mint honored it by replacing the 50-year-old wheat ears reverse with Frank Gasparro’s Lincoln Memorial design. This was also the first year San Francisco ceased striking business-strike Lincoln cents, leaving only Philadelphia (unmarked) and Denver (D) issues for circulation. The combination of a new reverse, a historical anniversary, and changed mint operations makes 1959 a genuinely important date in the Lincoln cent series.


Value by Grade

Standard copper business strikes — error coins priced separately below

Circulated Grades (G-4 to AU-58)

Grade 1959-P 1959-D
G-4 (Good)$0.01$0.01
VG-8 (Very Good)$0.05$0.05
F-12 (Fine)$0.10$0.10
VF-20 (Very Fine)$0.15$0.15
EF-40 (Extremely Fine)$0.25$0.25
AU-58 (About Uncirculated)$0.75$0.75

Mint State Grades (MS-60 to MS-68) — by Color

Grade P — BN P — RD D — BN D — RD
MS-60$0.50$1$0.50$1
MS-63$1$3$1$3
MS-65$7$15$6$12
MS-66$20$50$15$35
MS-67$80$200+$50$150+
MS-68 RD$14,000$9,000
1959 Proof PR-67 DCAM$50–$300+

1959-D Mule: The Most Controversial Lincoln Cent

A Memorial obverse paired with a wheat reverse — impossible, yet apparently genuine

⚠ AUTHENTICATION WARNING

Mark Hofmann — the infamous document forger — claimed to have created the 1959-D Mule via spark erosion. The Secret Service refuted this claim. Despite U.S. Treasury forensic verification that the coin appears genuine, major grading services have disagreed. Only one example is known. If you believe you have a second specimen, seek independent expert analysis from multiple sources before any transaction.

1

Only example known
(Leon Baller, California, 1986)

Authenticity still debated by experts

$48,300

Goldberg Auction 2003
highest confirmed sale

Also sold for $31,050 in 2010; listed at $50,000 in 2019

1987

U.S. Treasury forensic
letter calling it genuine

Special Agent Richard M. McDrew, Dept. of Treasury

What to Look For

1

Reverse Design Check

A genuine mule shows TWO WHEAT EARS framing ONE CENT on the reverse — the design used on all Lincoln cents from 1909 through 1958 — rather than the Lincoln Memorial introduced in 1959.

2

Date & Mintmark

The only known example is a 1959-D — Denver mintmark below the date on the obverse. The obverse design is standard 1959 Lincoln Memorial issue, making the combination genuinely impossible under normal mint procedures.

3

Weight & Dimensions

Standard copper planchet: 3.11g, 19.05mm. A genuine mule would be identical in physical specifications to any other 1959-D penny — the error is entirely in the die combination, not the metal.

4

Multi-Source Authentication Required

Given the genuine controversy — one U.S. government forensic opinion vs. multiple grading service rejections — any candidate coin requires examination by several independent expert numismatists before any monetary value can be assigned.


1959 Penny Error List with Pictures

Seven documented error types — from common die cracks to a $48,300 mule

As the inaugural Lincoln Memorial cent, the 1959 penny entered production amid the technical challenges of transitioning to an entirely new reverse die design. Combined with record-high Denver mintage volumes, these conditions produced a documented roster of error types that range from affordable die breaks to genuinely extraordinary transitional mules. For the most current 1959 Penny Value on specific error varieties, professional authentication is recommended for any coin potentially worth $100 or more.

Table 5: 1959 Penny — Error Coin Reference

# Error Type Rarity Circulated MS / Uncirculated
1Repunched Mint Mark (RPM FS-501)Uncommon$25–$75$50–$176+
2Doubled Die Obverse (DDO)Several varieties$25–$100$50–$2,000
3Wrong Planchet (Dime Planchet)Rare$1,020–$1,570
4Off-Center StrikeOccasional$25–$75$75–$300+
5Split / Lamination PlanchetOccasional$20–$75$50–$150
6Die Break / CudCommon (minor)$5–$20$20–$200+
7Mule — Wheat Reverse ⭐1 known (disputed)$31,000–$50,000+

Error #1: Repunched Mint Mark (RPM FS-501)

The most common 1959-D error — secondary D impression visible under magnification

1959 penny repunched mint mark RPM error

1959-D RPM FS-501 — doubled D mintmark with shadow impressions below date

The 1959-D RPM FS-501 is the most frequently encountered 1959 penny error variety. It occurs when the D mintmark punch was applied to the working die multiple times in slightly different positions, leaving ghost impressions of the earlier punch strokes around the final mintmark.

How to identify: Use 10x magnification and examine the D mintmark below the date • Look for spreading or a shadow outline of an earlier D impression • The repunching is clearest in higher grades where surfaces are well-preserved • The FS-501 variety shows the secondary D to the south of the primary

Value: $25–$75 (circulated) — $176+ (MS65, FS-501 variety auction)

Error #2: Doubled Die Obverse (DDO)

Hub doubling on LIBERTY and 1959 date — multiple varieties documented

1959 penny doubled die obverse DDO error

1959 DDO — doubling visible on LIBERTY letters and date numerals

The 1959 DDO results from a working die that received two overlapping hub impressions at slightly different angles during manufacture. Multiple die varieties exist, with the strongest showing clear separation on LIBERTY and the 1959 date. The FS-104 variety in Red MS-66 holds the notable auction record of $2,000.

How to identify: Focus on LIBERTY letters under 10x magnification • Look for clearly separated, raised duplicate impressions (not flat machine doubling) • Check the “1959” date digits • Strong varieties are obvious; weak ones require close comparison to CONECA reference images

Value: $25–$100 (circulated) — $2,000 (MS66 RD, FS-104 variety)

Error #3: Wrong Planchet (Silver Dime Planchet)

Penny dies struck on a dime-sized silver planchet — immediately identifiable by size and weight

1959 penny wrong planchet silver dime error

1959 Wrong Planchet — Lincoln cent design struck on smaller silver dime planchet

This rare error occurs when a silver dime planchet accidentally enters the cent production press and receives a full Lincoln cent strike. The size discrepancy is immediately obvious — the coin is visibly smaller than a normal penny and has a silvery color instead of copper. Both Philadelphia and Denver varieties have been documented.

How to identify: Diameter approximately 17.9mm vs normal 19.05mm • Weight approximately 2.5g vs normal 3.11g • Silver appearance, not copper • Standard Lincoln Memorial cent design on both sides • PCGS/NGC authentication mandatory

Value: $1,020–$1,057 (Philadelphia) — $1,570 (Denver variety)

Error #4: Off-Center Strike

Misaligned planchet creates partial design with blank crescent area

1959 penny off-center strike error

1959 Off-Center Strike — visible blank crescent, date retained on partial design

Off-center strikes occur when the planchet is improperly positioned in the coining chamber at the moment of striking. A blank crescent appears where the die failed to contact the metal. The percentage of misalignment and whether the full date remains visible are the two most critical value factors for collectors.

Value drivers: Date must be fully visible • 10–50% offset range is most desirable • Uncirculated examples command 2–3x premium over circulated • Two-sided off-center errors are significantly rarer and more valuable

Value: $25–$75 (10–25%) — $150–$300+ (40–50%, date visible, MS)

Error #5: Split / Lamination Planchet

Internal metal layers separating due to impurities or lamination flaws

1959 penny split planchet lamination error

1959 Split Planchet — copper layers separating at the edge, interior metal visible

Split planchet errors arise when impurities or gas pockets trapped within the copper alloy cause the metal to delaminate either during or after striking. The coin visibly separates into layers along its edge. A partial split that shows the interior metal layers with the design still intact is typically more valuable than a complete separation where layers come fully apart.

How to identify: Look for visible edge separation where layers peel apart • Interior metal should be consistent copper alloy color • Distinguish from post-mint damage: genuine lamination shows clean, horizontal separation rather than jagged cuts • Retained lamination errors (flap still attached) more desirable

Value: $20–$75 (partial split) — $50–$150 (dramatic, intact design)

Error #6: Die Break & Cud

Cracked or chipped dies leave raised lines and blobs on struck coins

1959 penny die break cud error

1959 Die Break — raised cud at rim where die fragment separated

Die breaks occur when the working die develops cracks or loses fragments under the immense pressure of striking. Metal flows into these voids in the die, creating raised lines or irregular blobs on the coin’s surface. Major breaks at the coin’s rim — called cuds — are the most valuable, forming a raised, blank area where the die’s edge broke away entirely.

How to identify: Raised lines, blobs, or irregular areas — NOT incused • Cuds appear at the rim as a raised blank area with no design detail • Distinguish from post-mint damage: die breaks are always raised, damage creates recessed marks • Location on high-value design areas increases premium

Value: $5–$20 (minor die crack) — $50–$200+ (major cud, MS)

Error #7: Mule — Wheat Ears Reverse ⭐

The most controversial Lincoln cent in existence — one known example, debated authenticity

1959 penny mule wheat reverse error

1959-D Mule — 1959 Memorial obverse paired with 1958-style wheat ears reverse

The 1959-D Mule is one of American numismatics’ great unsolved mysteries. A Denver-minted 1959 Lincoln cent with the wheat ears reverse — discontinued after 1958 — came to light in 1986 when retired officer Leon Baller purchased it from a reader who answered his newspaper ad. The U.S. Treasury’s forensic division issued a letter calling it genuine; PCGS and NGC have repeatedly declined to certify it.

The controversy: Mark Hofmann — the convicted document forger — later claimed responsibility via spark erosion technique • Secret Service rejected that claim • The coin has sold publicly for $48,300 (2003) and $31,050 (2010) • Estimated at $50,000 for a 2019 auction listing

⚠ Extremely high fake risk:

Any purported 1959-D wheat reverse penny requires examination by multiple independent experts. Do not rely on a single opinion — the genuine controversy means even expert consensus can differ.

Value: $31,000–$50,000+ (if authenticated as genuine)


Recent Auction Results

Verified public auction records — establishes real market benchmarks

Coin Grade Sale Price Auction House Date
1959-D Mule (Wheat Rev.)Raw (disputed)$48,300Goldberg Auctions2003
1959-D Mule (Wheat Rev.)Raw (disputed)$31,050Goldberg Auctions2010
1959-P MS-68 RDPCGS MS-68 RD$14,000Heritage Auctions2022
1959-D MS-68 RDPCGS MS-68 RD$9,000Heritage Auctions2023
1959-D DDO FS-104 RDPCGS MS-66 RD$2,000Heritage Auctions2021
1959-D RPM FS-501PCGS MS-65 RD$176GreatCollections2023
“The 1959 penny is the only Lincoln cent that could plausibly contain both the very first Memorial reverse and the very last wheat reverse on the same coin — if the Mule ever receives definitive authentication, it would rewrite the history of the series.”

Identify Your 1959 Penny with CoinKnow

Detect RPM doubling, DDO varieties, and reverse design in seconds

📷

Snap Both Sides

CoinKnow instantly identifies which reverse design is present — Memorial or wheat — flagging any transitional mule candidate immediately.

🔍

Detect Varieties

Automatic detection for RPM secondary mintmark impressions, DDO hub doubling vs machine doubling, and off-center strike percentages.

💰

Get Instant Value

RD/RB/BN color grading, Sheldon Scale grade within 2 points, and real-time auction comparisons from Heritage and GreatCollections.

Pro Workflow: 1959 Penny Evaluation Steps

1.Photograph the reverse first — confirm Memorial design vs. unexpected wheat ears
2.Check D mintmark under 10x for secondary impressions (RPM FS-501)
3.Examine LIBERTY and date under 10x — look for strong, raised hub doubling
4.Weigh the coin: 3.11g = normal copper; ~2.5g = wrong planchet candidate
5.Use CoinKnow to match against CONECA variety database before submitting
6.Submit any coin potentially worth $100+ to PCGS or NGC for certification

Reality Check & Action Plan

What most 1959 pennies are actually worth — and when to act

Scenario Realistic Value Action
Wheat ears on reverse, D obverse$31,000–$50,000+Multi-expert authentication — major controversy
Strong DDO doubling, MS-65+ RD$500–$2,000Grade & variety-attribute (PCGS/NGC)
Silver color, ~2.5g, 17.9mm$1,000–$1,600Weigh precisely, then authenticate
RPM secondary D visible under 10x$50–$176Attribute to FS-501, grade
MS-68 RD, fully struck, exceptional$9,000–$14,000PCGS/NGC certification essential
MS-65–66 RD, any mint$15–$50Consider grading if full red
Circulated copper, any condition$0.01–$0.25Keep for type / date sets
  1. 1.Always check the reverse first. The mere possibility of a wheat reverse on a 1959-D makes this step mandatory for every coin.
  2. 2.Never clean your coin. Original surface preservation is everything — cleaning permanently destroys any RD color premium.
  3. 3.Weigh unknown planchets. A digital scale accurate to 0.01g is the fastest way to identify wrong-planchet candidates before investing in grading fees.
  4. 4.Hub doubling vs machine doubling. Only genuine hub doubling carries numismatic value — learn to distinguish them before attributing a DDO.
  5. 5.Mule claims require multiple experts. Given the established controversy, no single opinion is sufficient for a coin claimed to be the second known 1959-D Mule.

The 1959 penny occupies a unique position in the Lincoln cent story. It inaugurated the Memorial reverse that would run for half a century, replacing a wheat design that had become one of the most recognized symbols in American coinage. For most collectors, the 1959 is a satisfying and affordable date — common in circulation, rewarding in gem condition, and accessible through RPM and DDO variety collecting. But hovering over every Denver cent is the shadow of one extraordinary coin: the Mule that bears both the first Memorial obverse and the last wheat reverse, whose authenticity remains unresolved after nearly four decades of debate.

“The 1959 penny is simultaneously the most historically accessible Lincoln cent and home to its greatest unsolved mystery — the only coin that connects the wheat era and the Memorial era in a single piece of copper.”