How Much Is A 1957 Penny Worth? The Value Of All 1957 Wheat Pennies + A List Of Rare 1957 Wheat Penny Errors

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By Joshua

1957 wheat penny

Found a 1957 wheat penny and want to know what it’s worth?

1957 pennies are becoming scarce in circulation. So, when found in pocket change or inside a penny roll, the first questions most people ask are:

“Is my 1957 wheat penny rare?” 

“How much are 1957 pennies worth today?”

Some 1957 wheat pennies are worth hundreds — even thousands — of dollars. Others are worth just a few cents.

To determine the value of your 1957 wheat penny, you first need to know a few things about the coin:

  • The condition of your penny — including how much wear it has and whether it’s been cleaned or has other other signs of damage.
  • Where your penny was minted — some were struck at the Philadelphia Mint and don’t have a mintmark and others were made at the Denver Mint and have a “D” mintmark.
  • The presence of errors and varieties — including off-center strikes, a doubled die strike, repunched mintmark, and other oddities.

Read on to see how much your 1957 wheat pennies are worth…

What Is The Value Of A Worn (Circulated) 1957 Wheat Penny?

If you have a 1957 Lincoln cent that you found in pocket change or a roll of pennies, it likely has a lot of circulation wear. In other words, your 1957 penny probably looks old!

1957 pennies that have moderate wear but don’t exhibit any errors or other oddities are pretty common. If you have a 1957 wheat penny like that, what’s it worth?

There are 2 possibilities:

  1. A well-worn 1957 wheat penny from the Philadelphia Mint (which has no mintmark under the date) and a 1957-D wheat penny from Denver (with a “D” under the date) that has no errors and has not been cleaned is worth 3 to 5 cents apiece.
  2. A 1957 penny or 1957-D wheat penny that has been cleaned or exhibits other damage (including holes, bends, or other surface problems) is worth its copper value — or about 2 cents. 

COIN TIP: Let this be a reminder that you should never clean your coins! Cleaning coins permanently alters their appearance and virtually always diminishes their value.

How Much Are Uncirculated & Proof 1957 Pennies Worth?

1957 wheat pennies that have never been spent as money are highly collectible, and many of these mint condition pennies are quite valuable.

But what is your uncirculated 1957 or 1957-D wheat penny worth?

Again, there are 2 possibilities:

  • If it’s a typical uncirculated specimen of a 1957 wheat penny, it’s worth between 15 cents and $10 — the fewer scratches and the more lustrous the surface, the more it’s worth.
  • If it’s a proof 1957 penny that was minted for collectors and sold in 1957 proof sets, it’s worth between $1.50 and $5. Proof pennies with cameo devices, or frosted designs and lettering, are worth much more — perhaps $100 or more!

IMPORTANT: What Is The Grade Of Your 1957 Penny?

To determine the true value of your 1957 wheat penny, you first need to know what condition (or grade) your coin is in.

Grab a coin magnifier and a copy of the U.S. Coin Grading Standards book. Then, watch this video to see how to grade coins yourself at home:

A List Of Rare 1957 Error Pennies… And Their Values

1957 pennies with errors — such as doubled dies, off-center strikes, and repunched mintmarks — are valuable collectible coins.

How do you know if you have a 1957 error penny?

  • Do you see doubling of any part of the design? It’s likely either a doubled die or machine doubling.
  • Does the mintmark look weird? Maybe it’s a repunched mintmark!
  • Do you see a raised straight or squiggly line anywhere on the coin? It’s probably a die crack.
  • Is part of the coin missing from the coin? It’s either an off-center strike or strike-through error.

Here’s a list of some 1957 error pennies and how much they’re worth:

  • 1957 doubled die pennies — $3 to $10+
  • 1957 pennies with repunched mintmarks — $2.50+
  • 1957 pennies with die cracks — from $1 to $20+ (depending on size and location)
  • 1957 off-center pennies — $3 to $5+
  • 1957 strike-through penny errors — $5 to $50+

1957 Wheat Penny Facts & Trivia

Here are 3 fun facts about 1957 pennies:

  1. More than 1.3 billion Lincoln cents were struck in 1957 — including 282,540,000 pieces struck at the Philadelphia Mint, 1,051,342,000 from the Denver Mint, and an additional 1,247,952 proof 1957 pennies.
  2. The Lincoln cent was originally designed by sculptor Victor David Brenner in 1909 — his initials, “VDB,” appear at the base of Lincoln’s shoulder on 1957 pennies.
  3. The most valuable 1957 penny ever sold was a nearly perfect MS-67 Red specimen graded and certified by third-party coin authentication firm Professional Coin Grading Service (PCGS) — it crossed the auction block in 2007 for a whopping $12,075!

More Info About 1957 Pennies