Lincoln Memorial Cent · First Year Memorial Reverse · 95% Copper
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
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.
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.
Three questions to answer before diving deeper
🔴
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+.
🟡
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.
🟢
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 |
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+ |
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.
Standard copper business strikes — error coins priced separately below
| 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 |
| 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+ | — | — |
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
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.
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.
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.
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.
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.
| # | Error Type | Rarity | Circulated | MS / Uncirculated |
|---|---|---|---|---|
| 1 | Repunched Mint Mark (RPM FS-501) | Uncommon | $25–$75 | $50–$176+ |
| 2 | Doubled Die Obverse (DDO) | Several varieties | $25–$100 | $50–$2,000 |
| 3 | Wrong Planchet (Dime Planchet) | Rare | — | $1,020–$1,570 |
| 4 | Off-Center Strike | Occasional | $25–$75 | $75–$300+ |
| 5 | Split / Lamination Planchet | Occasional | $20–$75 | $50–$150 |
| 6 | Die Break / Cud | Common (minor) | $5–$20 | $20–$200+ |
| 7 | Mule — Wheat Reverse ⭐ | 1 known (disputed) | — | $31,000–$50,000+ |
The most common 1959-D error — secondary D impression visible under magnification
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)
Hub doubling on LIBERTY and 1959 date — multiple varieties documented
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)
Penny dies struck on a dime-sized silver planchet — immediately identifiable by size and weight
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)
Misaligned planchet creates partial design with blank crescent area
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)
Internal metal layers separating due to impurities or lamination flaws
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)
Cracked or chipped dies leave raised lines and blobs on struck coins
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)
The most controversial Lincoln cent in existence — one known example, debated authenticity
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)
Verified public auction records — establishes real market benchmarks
| Coin | Grade | Sale Price | Auction House | Date |
|---|---|---|---|---|
| 1959-D Mule (Wheat Rev.) | Raw (disputed) | $48,300 | Goldberg Auctions | 2003 |
| 1959-D Mule (Wheat Rev.) | Raw (disputed) | $31,050 | Goldberg Auctions | 2010 |
| 1959-P MS-68 RD | PCGS MS-68 RD | $14,000 | Heritage Auctions | 2022 |
| 1959-D MS-68 RD | PCGS MS-68 RD | $9,000 | Heritage Auctions | 2023 |
| 1959-D DDO FS-104 RD | PCGS MS-66 RD | $2,000 | Heritage Auctions | 2021 |
| 1959-D RPM FS-501 | PCGS MS-65 RD | $176 | GreatCollections | 2023 |
“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.”
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.
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–$2,000 | Grade & variety-attribute (PCGS/NGC) |
| Silver color, ~2.5g, 17.9mm | $1,000–$1,600 | Weigh precisely, then authenticate |
| RPM secondary D visible under 10x | $50–$176 | Attribute to FS-501, grade |
| MS-68 RD, fully struck, exceptional | $9,000–$14,000 | PCGS/NGC certification essential |
| MS-65–66 RD, any mint | $15–$50 | Consider grading if full red |
| Circulated copper, any condition | $0.01–$0.25 | Keep for type / date sets |
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.”