1950 Proof Lincoln Wheat Cent

Coin Details

Auction Record

$2,070 PR 06-02-2010 Heritage Auctions

Description

The 1950 Proof Lincoln Wheat Cent is a proof cent struck at the Philadelphia Mint, part of the Lincoln Wheat Cents 1909-1958 series. With a mintage of 51,386, this is an extremely rare issue — the lowest mintage among 4 mint variants, representing only less than 1% of total production. The obverse features Abraham Lincoln facing right, the first real person depicted on a U.S. circulating coin and the reverse displays two wheat stalks framing ONE CENT, symbolizing American agriculture. Minted during the post-war economic boom, the final era of silver circulating coinage in the United States before the Coinage Act of 1965. As a proof issue, this coin was struck multiple times on specially prepared polished planchets using polished dies, producing mirror-like fields and frosted design elements prized by collectors. Struck at the original U.S. Mint facility, in continuous operation since 1792. Estimated market value is approximately $87. Struck in 95% copper, 5% tin and zinc, weighing 3.11 grams, 19 mm in diameter, with a plain edge. Cataloged as PCGS #3357.