The 1929-D Lincoln Cent is an intriguing coin for collectors and enthusiasts alike. Struck by the Denver Mint during a challenging economic period, this coin has a fascinating history and a unique place in numismatic circles. In this guide, we’ll explore its background, current market value, and tips for collectors looking to acquire one.
History of the 1929-D Lincoln Cent
The Denver Mint produced 41,370,000 Lincoln Cents in 1929. This particular coin, along with others from this period, was often hoarded, likely due to the onset of the Great Depression. The late numismatist David Lange highlighted in his Complete Guide to Lincoln Cents (2005) that die wear is common for this issue.
Many high-grade examples derive their ratings from color and eye appeal rather than sharpness, making the 1929-D less crisp than its Philadelphia counterparts. A key characteristic to look for is the clarity of the lettering, especially the phrase “UNITED STATES OF AMERICA,” which often appears less distinct than expected.
Varieties and Rarity
Interestingly, there is one documented doubled die obverse, which features noticeable doubling on the lettering. Additionally, one repunched mintmark is known, although neither of these varieties is currently listed in the Cherrypicker’s Guide.
Value of the 1929-D Lincoln Cent
So, how much is the 1929-D Lincoln Cent worth today? Despite its age, this coin isn’t classified as rare. Typically, circulated examples grade below VG (Very Good) and can be found for less than $15. However, lightly circulated examples with nearly full details are more readily available and can be priced affordably.
If you’re looking for a Mint State Red (RD) example, prices can exceed $200. It’s advisable to buy these coins only if they come certified by reputable grading services such as CAC, NGC, or PCGS. A Choice Uncirculated 1929-D Lincoln Cent rated MS63RD is generally valued around $85.
As the condition of the coin improves, so does its value. This principle, known as “conditional rarity,” means that Gems (MS65RD) can fetch over $500. Coins that approach Superb Gem (MS66+RD) status have been known to sell for thousands at auction.
Noteworthy Sales and Market Trends
Recent auction results highlight the demand for high-quality specimens. A PCGS MS66+RD CAC coin sold for $15,772.50, breaking previous records for this coin. Comparatively, a MS68+RD coin sold for around $7,800 in June 2021 but returned to auction for $6,600 just months later.
Collectible coins’ values can fluctuate based on market conditions. Since May 2023, PCGS has recorded an increase in MS66+RD coins, which may put downward pressure on the market for top-pop examples. Additionally, the NGC census has added one MS66+RD coin during the same period.
Future Sales
For those interested in future auctions, a PCGS MS66+RD CAC coin from the Whispering Winds Collection will be available at Heritage Auctions in January 2025.
Coin Specifications
Here’s a quick overview of the 1929-D Lincoln Cent specifications:
- 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
- Obverse Designer: Victor David Brenner
- Reverse Designer: Victor David Brenner
- Quality: Business Strike
Conclusion
The 1929-D Lincoln Cent represents a significant part of American numismatic history. Whether you are a seasoned collector or a newcomer to coin collecting, understanding the value, rarity, and history of this coin can enhance your appreciation and guide your purchasing decisions. Keep an eye on the market, and always aim for certified examples to ensure you are investing in quality.