The Truth About 1957 Penny Values
Most 1957 Lincoln Wheat Pennies are worth only 3¢ to $1. However, certain rare mint errors and high-grade specimens have sold for $30,000 or more at auction.
Here’s how to find out if your penny could be one of these coveted treasures.
The $30,000+ 1957 Penny Varieties
1957 Doubled Die Obverse (DDO)
- Look for strong doubling on “LIBERTY” and the date
- Auction record: PCGS-certified examples sold for $25,000 – $35,000
- Only 5–10 known in Mint State condition
1957 Proof-Like Business Strike
- Features mirror-like fields with frosted cameo contrast
- Last MS-67+ RD example sold for $32,000
1957 “No Mint Mark” Error
- Struck in Philadelphia but missing the “P” mint mark
- One PCGS MS-65 example sold for $28,500
How to Check Your 1957 Penny
Quick Value Guide
- Circulated: 3¢ – 50¢ (unless major errors)
- Uncirculated (Red): $5 – $300
- Graded MS-66+ RD: $1,000+
- With rare errors: Up to $30,000+
Error Spotting Checklist
Doubled Die Clues
- Thick, shadow-like letters in “LIBERTY”
- Clear separation in date numbers
Proof-Like Features
- Mirror-reflective surfaces
- Frosted design details
Mint Mark Anomalies
- Missing “D” (Denver) or “P” (Philadelphia)
- Repunched mint marks visible under magnification
What To Do If You Think You Found One
Do NOT clean the coin — even water can reduce value
Take clear, well-lit photos of both sides
Submit for grading through PCGS or NGC
Contact Heritage Auctions for an official appraisal
Free Professional Check
- Text photos to: 555-1957
- Visit online: PCGS Photograde
