Collecting coins can be an exciting hobby, especially when it comes to historic pieces like the 1929-D Lincoln Cent. This coin not only tells a story of its time but also attracts collectors for its unique characteristics. In this guide, we’ll break down everything you need to know about the 1929-D Lincoln Cent, including its history, value, and what makes it special. Whether you’re a beginner or an experienced collector, understanding this coin can help you make better choices in your collection.
History of the 1929-D Lincoln Cent
The 1929-D Lincoln Cent was minted in Denver, and a total of 41,370,000 coins were made. During this time, many people started collecting coins due to the Great Depression. This led to many of these coins being hoarded, making them harder to find today. The famous coin expert David Lange mentioned that the 1929-D has some issues with its quality, mainly due to die wear. This means that many coins look less sharp than they should, especially when it comes to the letters on the coin, like “UNITED STATES OF AMERICA.”
Unique Features of the 1929-D Lincoln Cent
One interesting thing about the 1929-D Lincoln Cent is that there is one known doubled die error. This means that some coins have visible doubling on the lettering, making them more valuable. There is also a repunched mintmark, but these errors are not currently listed in the popular Cherrypicker’s Guide, which is a go-to for collectors looking for valuable mistakes in coins.
How Much Is the 1929-D Lincoln Cent Worth?
When it comes to value, the 1929-D Lincoln Cent is not considered rare. A typical circulated version usually grades below VG (Very Good) and is often not worth much. However, lightly circulated coins with more details can be found for less than $15. On the other hand, if you’re looking for Mint State Red (RD) examples, prices can jump to over $200.
For collectors interested in higher-quality pieces, a Choice Uncirculated 1929-D Lincoln Cent with full Red color is graded as MS63RD and generally sells for around $85. The value of the coin increases with its condition, a concept known as “conditional rarity.” For example, coins graded as Gems (MS65RD) can fetch prices over $500, while the top-tier coins, known as Superb Gems (MS66+RD), can go for thousands at auctions.
Value Summary Table
| Grade | Description | Approximate Value |
|---|---|---|
| VG | Very Good – circulated | < $15 |
| MS63RD | Choice Uncirculated – full Red | ~$85 |
| MS65RD | Gem – higher quality | > $500 |
| MS66+RD | Superb Gem – top-tier | Thousands |
Market Trends and Noteworthy Sales
Recent auctions have shown that certain 1929-D Lincoln Cents are attracting high bids. A coin graded MS66+RD sold for $15,772.50, breaking records in the collector’s market. It’s important to note that the market can be unpredictable. For instance, as more high-quality coins enter the market, the value of existing coins can go down. This is something collectors should keep in mind, especially with coins that have high grades.
To illustrate this, a previous record holder was sold for $7,800 and later resold for $6,600. These trends indicate how critical it is for collectors to stay updated on market values and trends if they want to invest wisely.
Coin Specifications
| Specification | Details |
|---|---|
| Country | United States of America |
| Year of Issue | 1929 |
| Denomination | One Cent (USD) |
| Mintmark | D (Denver) |
| Mintage | 41,370,000 |
| Alloy | 95% Copper, 5% Tin and Zinc |
| Weight | 3.11 g |
| Diameter | 19.00 mm |
| Edge | Plain |
| OBV Designer | Victor David Brenner |
| REV Designer | Victor David Brenner |
| Quality | Business Strike |
Conclusion
The 1929-D Lincoln Cent holds a special place in the world of coin collecting. Its rich history, unique features, and fluctuating market values make it an intriguing piece for both beginners and seasoned collectors. As you consider adding this coin to your collection, keep in mind the various aspects that can affect its value, from its condition to the current trends in the market. Whether you’re looking for a unique piece to admire or an investment opportunity, understanding the 1929-D Lincoln Cent can enhance your collecting experience. Happy collecting!
Frequently Asked Questions (FAQ)
1. What is the 1929-D Lincoln Cent?
The 1929-D Lincoln Cent is a one-cent coin minted in Denver during 1929. It is part of the Lincoln penny series and is significant due to its historical context, especially during the Great Depression.
2. How much is the 1929-D Lincoln Cent worth?
The value of the 1929-D Lincoln Cent varies based on its condition. Circulated coins typically sell for less than $15, while higher-quality examples can be worth much more. For instance, Mint State Red (MS63RD) coins can go for about $85, and Superb Gems (MS66+RD) can fetch thousands at auction.
3. What are the unique features of the 1929-D Lincoln Cent?
The 1929-D Lincoln Cent is known for a few unique features, including a doubled die error on some coins, where the lettering appears doubled. Additionally, many coins from this year exhibit die wear, which can affect their overall sharpness and detail.