The 1916 Lincoln Penny is a highly sought after numismatic piece due to its limited mintage and historical significance. It was the first circulating penny struck in commemoration of President Abraham Lincoln’s 100th birthday, which made it an important part of American history.
This article will provide a closer look at this valuable coin and its place in numismatics.
The 1916 Lincoln Penny has long been popular among collectors and investors alike due to its iconic design by Victor D. Brenner, who featured the former president on one side of the coin, with two wheat stalks crossing behind him as he faces rightward towards the opposite side.
On that same side is inscribed ‘In God We Trust,’ along with other details such as ‘One Cent’ and ‘United States of America.’ With only 1,193,000 coins produced for circulation, these pieces are becoming increasingly difficult to find today, making them even more desirable to collectors.
History Of The 1916 Lincoln Penny
Coincidence had it that in 1916, the United States Mint issued a penny depicting the image of President Abraham Lincoln. This was significant for many reasons; not only was it released on the centennial anniversary of his birth, but also as a way to commemorate him as one of America’s greatest presidents. As such, this coin has since become an icon within numismatics and even though it is no longer produced today, its legacy continues to live on.
The design for the original 1916 Lincoln Penny featured a portrait of the 16th president on the obverse side with two wheat stalks flanking either side along with ‘IN GOD WE TRUST’ inscribed above his head and “LIBERTY” towards the rim. The reverse showed a Union shield encircled by oak branches symbolizing strength and unity while “ONE CENT” sat below at center stage. These important symbols were meant to honor Lincoln’s role during the Civil War when he helped preserve the union between states.
In addition to its symbolism, what makes this particular penny so special is its composition which consisted of 95% copper and 5% tin & zinc – making it slightly different than other pennies minted before or after that date period.
Over time these coins have been collected by various individuals around the world due to their rarity and historical context – thus giving them an added value over regular cents issued today.
Design Of The 1916 Lincoln Penny
The 1916 Lincoln penny is a classic numismatic piece of American history. It was the first circulating, one-cent coin to feature the iconic profile of Abraham Lincoln on its obverse, and it has been an integral part of United States coinage for over 100 years.
Design features that distinguish this particular type are:
- Its recognisable wheat reverse design with two stalks of wheat flanking either side of the denomination ‘ONE CENT’
- The bronze alloy composition, which gives the penny its distinctive reddish hue when viewed in good lighting conditions
- A reeded edge, consisting of 88 raised ridges known as denticles or beads around the circumference of both sides
- A bold portrait of Abraham Lincoln facing rightward in his trademark stovepipe hat
It’s clear why this cent has remained such a popular type within U.S. numismatics; regardless of condition, there is an aesthetic charm to be found in these coins that few other denominations can replicate.
Indeed, given all that has changed since their introduction more than a century ago, they still remain a timeless reminder of America’s past – not just from a financial perspective but also cultural and historical too.
Mintage Of The 1916 Lincoln Penny
The 1916 Lincoln Penny is a classic example of the design changes that make it a sought after collectible.
It features a wheat stalks reverse and was the first of the design series to feature the words “In God We Trust” on the reverse of the penny.
Its rarity value has made it a highly desired item amongst numismatists, making it a great investment.
The mintage of the 1916 Lincoln Penny makes it a great way to diversify your collection.
It is no surprise that the mintage of 1916 Lincoln penny has seen significant design changes over its lifetime. As a numismatist, I can assure you these changes are nothing short of interesting!
The first and most obvious difference lies in the overall look – from 1909 to 1958, this iconic coin went through a complete redesign, featuring three different versions with distinct obverse and reverse designs.
First issued in 1909, the original version featured two wheat stalks on each side and was minted until 1918.
In 1959, it was replaced by the ‘Lincoln Memorial’ version which depicted a portrait of Abraham Lincoln on one side while retaining the same wheat stalk pattern on the other.
Finally, in 2010, another revamp saw the addition of four presidents to represent Lincoln’s last term as president – Jefferson Davis, Andrew Johnson, James Garfield and Chester Arthur.
It goes without saying that these alterations have had an immense impact on the value and collectability of this historic piece of currency.
From hobbyists to investors alike, many people have taken notice of this unique series of coins over time – making it a must-have for any serious collector or investor looking to diversify their portfolio!
From its design changes to rarity value, the mintage of 1916 Lincoln penny has long been an attractive option for collectors.
There is no doubt that its various versions have made it very desirable in terms of collectability and investment potential.
Its scarcity adds even more to its appeal – with only a few surviving specimens out there, it can certainly be said that those who own them are some of the lucky ones!
Plus, due to its age and historical importance, many people feel like owning this coin will give them bragging rights.
All these factors combined make it worth much more than just face value.
Value And Collectability Of The 1916 Lincoln Penny
The 1916 Lincoln Penny is a true collector’s item. It’s one of the most beloved coins in US history, and its value continues to increase over time like an old-school stock portfolio.
As a numismatist, I can tell you that it’s been almost 100 years since this penny was struck – yet today it captures the American spirit like no other coin in circulation. This particular penny has earned a special place among collectors due to its historical significance and unique design elements.
First produced during World War I, it features President Abraham Lincoln at the center with E Pluribus Unum inscribed on either side. The reverse of the coin shows two wheat ears framing a laurel wreath above which sits the word “one cent” – making up what many consider to be one of America’s most iconic designs.
As demand for these rare pieces increases each year, their value skyrockets accordingly. Consequently, even those who have never held or seen one before are often eager to get their hands on them when they become available!
Finding And Buying The 1916 Lincoln Penny
As a numismatist, the 1916 Lincoln Penny has always held special significance. It’s rare, and its value is not only monetary but also sentimental. The copper alloy penny was issued in response to the shortage of nickel during World War I, when it replaced the so-called “Shield” nickel.
Finding and buying one can be quite a challenge for any collector. Here are some tips:
- Learn about coin grading standards from reputable sources like ANA or PCGS
- Read up on dealer reviews before making your purchase
- Shop Around:
- Look for coins that fit within your budget
- Compare prices between different dealers to get best deal
Once you’ve done your research and have settled on what you’re looking for, take your time when purchasing the coin. Ask questions if you need more information and check the details carefully.
Make sure to check each side of the coin—front and back—for condition and authenticity.
With patience comes reward; owning an original 1916 Lincoln Penny will surely bring joy to any serious numismatic enthusiast!
Frequently Asked Questions
How Durable Is The 1916 Lincoln Penny?
Numismatists have long known that Lincoln pennies are extremely durable, and the 1916 variety is no exception.
This cent has endured over a century of circulation, still retaining its original finish and details. Though it may show some signs of wear due to age, this penny remains in remarkably good condition considering how long it’s been around; an impressive testament to the minting process used for these coins.
What Is The Best Way To Store A 1916 Lincoln Penny?
When it comes to storing a coin, numismatists know that the best way is in an archival-grade plastic holder.
This type of holder not only protects from dust and dirt but also from any potential damage caused by handling or environmental conditions.
The holder should be made of inert materials such as polyethylene, so as not to affect the coin’s condition over time.
For extra protection, coins can be put into separate flips within the holders for added security.
With proper storage techniques like these, collectors can ensure their coins are preserved for years to come.
How Can I Tell If A 1916 Lincoln Penny Is Genuine?
When it comes to authenticating a 1916 Lincoln Penny, there is no greater challenge for numismatists than knowing how to tell if it’s genuine.
The process of determining authenticity requires an expert eye and knowledge of the nuances unique to this coin.
With its intricate details, small imperfections in the metal, and subtle shifts in color, even the most experienced collectors can be stumped when trying to differentiate between authentic coins and replicas.
Fortunately, with some research and practice, any collector will soon be able to confidently identify whether or not their prized penny is truly genuine!
What Other Coins Were Minted Alongside The 1916 Lincoln Penny?
The 1916 minting year was a big one for coins, with many different varieties of Lincoln pennies being released.
Alongside the iconic 1916 Lincoln penny, other coins issued that same year include the Barber dimes and quarters, Standing Liberty Quarters, Mercury Dimes and Buffalo Nickels.
These all feature distinct designs and are highly sought after by numismatists due to their rarity and historical significance.
Is The 1916 Lincoln Penny A Rare Coin?
The 1916 lincoln penny is indeed a rare coin.
It is one of the most sought-after coins among numismatists, due to its rarity and historical significance.
It was minted alongside other U.S. coins at the time, such as the Barber dime and Liberty nickel, but it stands out for its iconic imagery and place in American history.
Its scarcity makes it highly valuable – depending on condition, even circulated examples can fetch thousands of dollars from collectors!
The 1916 Lincoln Penny is an amazing coin, and one that collectors of all ages can appreciate.
As a numismatist, I’m proud to say it’s quite durable if stored properly. Additionally, there are ways to tell whether the penny is genuine or not; this makes it easier to collect with confidence.
The fact that other coins were minted alongside the 1916 Lincoln Penny only adds to its significance.
Finally, due to the limited quantity released in 1916, this penny is indeed rare – making it even more desirable for passionate numismatists like myself!