1947 WHEAT CENT PCGS MS GEM 65 RED
Lot Number:39
Completed
Start Time:5/23/2024 4:00:00 AM
End Time:6/9/2024 10:22:00 PM
Bid Count:12
Winning Bidder:S****1
Starting Bid:$1.00
Bid Increment:$1.50
Current Bid:$16.00
Bidding complete

The Enduring Allure of the Wheat Cent: A Legacy in Copper

The Wheat Cent, minted from 1909 to 1958, is a cornerstone of American coinage. Featuring a simple yet elegant design of Abraham Lincoln and two stalks of wheat, it served as the nation's one-cent piece for nearly half a century. Here's a comprehensive exploration of the Wheat Cent's history, specifications, and collector appeal:

Historical Context:

  • Replacing the Indian Head Cent: By the early 20th century, the Indian Head Cent, in circulation since 1859, was deemed outdated. The need for a new design to reflect changing aesthetics and honor a prominent American figure led to the Wheat Cent's creation.

Design Inspiration and Collaboration:

  • Victor D. Brenner: A talented sculptor of Czech origin, Brenner submitted a design featuring Abraham Lincoln's profile on the obverse and two stalks of wheat on the reverse. The wheat symbolized agriculture, a crucial element of the American economy.
  • Public Controversy: The design initially faced criticism for not including the inscription "In God We Trust." A compromise was reached, adding the motto to the reverse starting in 1908.

Design Specifications:

  • Obverse (Heads): A left-facing profile of Abraham Lincoln with the inscription "LIBERTY" curving above and the date below.
  • Reverse (Tails): Two stalks of wheat with the denomination ("ONE CENT") arched above and the words "UNITED STATES OF AMERICA" encircling the design, along with the motto "IN GOD WE TRUST" below the wheat.
  • Designer: Victor D. Brenner
  • Mints: Philadelphia (no mintmark), Denver (mintmark "D"), San Francisco (mintmark "S")
  • Diameter: 19.05 mm (approximately 0.75 inches)
  • Weight: 2.5 grams (approximately 0.09 ounces)
  • Composition: 95% copper, 5% tin and zinc

Interesting Facts:

  • Steel Cent Experiment: During World War II (1942-1943), copper shortages led to the production of steel cents. However, these "steelies" were unpopular due to their lighter weight and were discontinued after the war.
  • Doubled Die Varieties: A small number of Wheat Cents feature doubled die errors, where elements of the design appear to be doubled due to a minting mishap. These errors can be highly valuable to collectors.
  • Enduring Legacy: The Wheat Cent remains a popular collectible due to its long mintage period, historical significance, and classic design.

Collecting Wheat Cents:

  • Condition: As with all coins, condition is paramount. Higher grades (MS63 and above) from reputable grading services like PCGS or NGC command a premium.
  • Mintmark: Early issues from the Philadelphia mint (no mintmark) or scarcer issues from the Denver or San Francisco mints can be more valuable.
  • Variety Hunting: Doubled die errors and other interesting die varieties can be a thrilling aspect of collecting Wheat Cents.
  • Year Sets: Assembling a complete year set of Wheat Cents, including all mintmarks, can be a rewarding pursuit for collectors.

Where to Find Wheat Cents:

  • You can find Wheat Cents at coin shops, online marketplaces like eBay, or through auctions.
  • When considering a purchase, ensure the coin is authentic and has been graded by a reputable service if it's in potentially higher condition.

The Wheat Cent, a symbol of American agriculture and a tribute to President Lincoln, continues to hold a special place in the hearts of collectors and history enthusiasts. Its simple design and long history make it a treasured piece of American coinage.

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Michigan
United States