The 1956-D Wheat Penny holds a special place in the hearts of coin collectors. While many of these coins are found in everyday collections, a select few with unique errors have caught the attention of numismatists.
These errors not only add intrigue but also significantly increase the coin’s value. Here’s a closer look at three notable errors from the 1956-D Wheat Penny that have fetched prices nearing $8,500.
1956-D RPM (Repunched Mint Mark)
This error occurs when the Denver mint mark is punched more than once on the coin’s surface, often resulting in a doubled or misaligned mint mark. The RPM error is a favorite among collectors due to its distinct appearance and rarity.
Well-preserved examples in higher grades can command significant premiums, with some fetching thousands of dollars at auction.
1956-D Doubled Die Obverse
The doubled die obverse is a striking error where elements of the coin’s design, such as the date or inscriptions, appear doubled. This occurs during the minting process when the die shifts slightly between strikes.
For the 1956-D Wheat Penny, doubled die errors can vary in visibility, but those with strong doubling are highly sought after and can reach impressive prices.
1956-D BIE Error
The BIE error is named after the appearance of a die chip between the letters “B” and “E” in the word “LIBERTY” on the coin. This small but noticeable flaw is a result of wear on the coin die.
While the BIE error may seem minor, its uniqueness has made it a favorite among error coin enthusiasts, especially when found on well-preserved pennies.
| Coin Error Type | Description | Rarity Level | Estimated Value (USD) |
|---|---|---|---|
| RPM Error | Repunched mint mark on the Denver coin | High | Up to 8,500 |
| Doubled Die Obverse | Doubling on design elements like date and text | Very High | 5,000 – 8,000 |
| BIE Error | Die chip between “B” and “E” in LIBERTY | Moderate | 3,500 – 5,500 |
| Die Crack Errors | Cracks appearing on the coin’s surface | Moderate | 2,000 – 4,000 |
| Clipped Planchet | Missing piece due to faulty blank | Rare | 1,500 – 3,000 |
| Lamination Error | Peeling of surface metal | Rare | 1,200 – 2,800 |
| Broadstrike Error | Coin struck outside the collar | Rare | 800 – 2,500 |
The appeal of these coins lies in their rarity and the story they tell about the minting process. With careful examination and proper grading, collectors can uncover these hidden gems that may turn an ordinary Wheat Penny into a valuable treasure.
Collectors who own one of these rare errors are not only investing in history but also in a lucrative market. The value of these coins continues to rise as more collectors seek to add these unique pieces to their collections.
What is the most valuable 1956-D Wheat Penny error?
The RPM (Repunched Mint Mark) error is among the most valuable, with prices reaching up to $8,500 for specimens in exceptional condition.
How can I identify a 1956-D RPM error?
Look closely at the Denver mint mark under magnification. If the mint mark appears doubled or misaligned, it may be an RPM error.
Why are error coins so valuable?
Error coins are rare and often result from unique flaws in the minting process. Their rarity and distinctive features make them highly sought after by collectors.