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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 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!
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 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.
A List Of 1954 Penny Errors
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+ (see an example)
- 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)
What Else Happened When Your 1954 Penny Was Made?
Curious about what else was going on when your 1954 penny was struck? Here’s a look back at the busy year of 1954:
- The Supreme Court ruled that segregation is illegal in the case known as Brown v. Board of Education.
- Senator Joseph McCarthy was formally censured by the US government, following his 4 year witch hunt to silence individuals he believed were communists.
- Ellis Island in New York Harbor closed after more than 6 decades as a gateway of immigration.
- The first issue of Sports Illustrated was published.
- In entertainment news… Elvis Presley launched his music career, Marilyn Monroe married New York Yankees player Joe DeMaggio, and NBC’s The Tonight Show first aired with host Steve Allen.
- Top 40 songs in 1954 included “Oh! My Pa-Pa” by Eddie Fisher, “Secret Love” by Doris Day, “Sh-Boom” by the Crew-Cuts, and “Mr. Sandman” by the Chordettes.
- Popular movies in 1954 were Rear Window, On The Waterfront, Seven Brides For Seven Brothers, Creature From The Black Lagoon, White Christmas, and 20,000 Leagues Under The Sea.
- On TV in 1954 were such hits as Lassie, I Love Lucy, The Wonderful World Of Disney, Flash Gordon, Father Knows Best, and The Ed Sullivan Show.
More Info About Old 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?
My love for coins began when I was 11 years old. I primarily collect and study U.S. coins produced during the 20th century. I'm a member of the American Numismatic Association (ANA) and the Numismatic Literary Guild (NLG) and have won multiple awards from the NLG for my work as a coin journalist. I'm also the editor at CDN Publishing (a trusted source for the price of U.S. rare coins), editor at the Florida United Numismatists Club (FUN Topics magazine), and author of Images of America: The United States Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). I've contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. I've also authored nearly 1,000 articles here at The Fun Times Guide to Coins — and I welcome your coin questions in the comments below!