How Much Is A 1954 Penny Worth? The Value Of All 1954 Wheat Pennies + A List Of Rare 1954 Penny Errors Worth Up To $100 Apiece

Have a 1954-D penny? Or maybe a 1954-S penny? Wondering about your 1954 penny value today?

Finding out the value of 1954 pennies isn’t as simple as you may think.

Not all 1954 Lincoln cents are worth the same as the next — because coin values depend on many different factors.

First, you need to know:

• Which United States Mint facility struck your 1954 penny (look for a mintmark).
• Whether your 1954 Lincoln penny is worn (circulated), or if it’s in mint condition (uncirculated).
• If your 1954 wheat penny has any errors or varieties that may dramatically increase its value.
• If there are any signs of post-mint damage on your 1954 penny — such as a cleaning, holes, bumps, scrapes, or other issues.

Read on to find the value of your 1954 penny…

How Much Is A Circulated (Worn) 1954 Penny Worth?

You’ll be glad to know your 1954 penny is worth at least 2 cents — that’s the value of the copper in the bronze composition of your old penny.

But if your 1954 wheat penny is in overall good condition (and has not been cleaned or damaged), then it’s worth a few cents over face value — typically 3 cents to 25 cents… maybe much more!

NOTE: The record price for any 1954 penny is $23,500 paid in 2014 for a new-looking specimen certified by Professional Coin Grading Service with a nearly perfect grade of MS-67.

Here are the different types of 1954 pennies that were made, how many of each were struck, and their values in typical worn condition:

• 1954 penny (Philadelphia, no mintmark) — 71,640,050 minted; 10 to 25+ cents
• 1954-D penny (Denver Mint) — 251,552,500 minted; 3 to 5+ cents
• 1954-S penny (San Francisco Mint) — 96,190,000 minted; 3 to 5+ cents

*Values are for 1954 wheat pennies in typical, circulated condition with brown or other natural coloring. A cleaned 1954 penny is worth only 2 cents.

NOTE: While more than 71 million were made, Philadelphia-minted 1954 pennies are relatively scarce today. They’re virtually never found in circulation anymore! Also, by no means rare in the lower grades, 1954 pennies are considered a tougher date to acquire according to many Lincoln cent experts.

How Much Is An Uncirculated 1954 Penny Worth?

What about the values of 1954 pennies that are in better condition — such as those that are in mint state (uncirculated) condition? Or proof 1954 pennies that were struck for coin collectors?

Those 1954 wheat pennies are typically worth $1 or more… maybe much more!

Here are values for 1954 pennies in uncirculated condition:

• 1954 penny with no mintmark, uncirculated — $1 to $5+
• 1954-D penny, uncirculated — $1 to $2+
• 1954-S penny, uncirculated — $1 to $2+
• 1954 proof penny — $15+

*Values are for typical examples. Lackluster examples are worth less than the values shown, while premium examples are worth more. 

IMPORTANT: What Is The Grade Of Your 1954 Penny?

To determine the true value of your 1954 wheat penny, you first need to know what condition (or grade) your coin is in.

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These coin grading apps make grading coins yourself much easier.

A List Of Rare 1954 Error Pennies… And Their Values

While there aren’t any significant 1954 error pennies as there are for other years (such as the 1955 doubled die penny or 1982-D bronze small date penny), there are a few errors and varieties worth looking for:

• 1954-D doubled eyelid penny — $3 to $10+
• 1954-S doubled IN GOD WE TRUST penny — $5 to $15+
• 1954 off center penny — $3 to $100 (depending on how drastic the off-center strike is) 

More Info About 1954 Wheat Pennies

In addition to the links I’ve included above, here are some of our other articles about wheat pennies, including the 1954 wheat penny:

• Old Lincoln Cents You Can Still Find In Pocket Change
• 5 Popular Wheat Penny Error Coins
• Old Copper Pennies: Which Ones To Save & What They’re Worth
• 43 Most Valuable Pennies Worth Holding Onto
• Which Old Pennies Are The Most Valuable?