The 2017-P Lincoln Shield Cent is an interesting coin for collectors. This coin was special because it marked the 225th anniversary of the United States Mint. The Mint quietly released this cent, which was the first-ever to have a “P” mintmark from the Philadelphia Mint. This guide will give you a clear understanding of this coin’s history, its design, and its market value.
The Surprise Release
In 2017, the United States Mint celebrated its 225th anniversary. They released some special coins, but the 2017-P Lincoln Shield Cent was a surprise. Under the leadership of Mint Director David J. Ryder, this cent was introduced without any major announcement. It quickly caught the attention of collectors when they found it in their change.
Many collectors were puzzled at first. They wondered if the new “pennies” were counterfeit coins. The Mint soon confirmed that these were real coins from Philadelphia, and collectors were pleased to discover this unique addition to their collections.
Mintage and Availability
The 2017-P Lincoln Cent had a very high mintage of over 4 billion coins. While this number may seem high, it is typical for modern cents. At first, the Mint produced fewer coins at Philadelphia, leading to a temporary excitement among collectors as they searched for these coins. Eventually, enough coins were made to meet collector demand.
Market Data and Prices
As of September 2024, specific auction results for the top-grade 2017-P Lincoln Cents haven’t been seen yet. However, we do know some recent auction prices. For example, coins graded MS67+RD sold for $37 and $31. Experts estimate that the highest-grade coins (MS68RD) could be worth about $500, while MS67+RD coins might be valued around $80. On eBay, MS67 coins are easier to find and often sell for $10 to $20, while lower-grade coins go for about $5. Raw coins without certification are priced around $1 to $2, depending on their shine.
Auction Prices Overview
| Coin Grade | Recent Price |
|---|---|
| MS67+RD | $37, $31 |
| MS68RD | ~$500 |
| MS67 | $10 – $20 |
| MS66RD | ~$5 |
| Raw | $1 – $2 |
Design Features
Obverse
The front side (or obverse) of the 2017-P Lincoln Shield Cent features a portrait of Abraham Lincoln. Above Lincoln, you’ll see the motto “IN GOD WE TRUST.” To the left is the word “LIBERTY,” and on the right, you can find the year “2017.” The “P” mintmark is located just below the date, indicating its origin.
Reverse
The back side (or reverse) of the coin showcases a Union shield. This design symbolizes the protection of the United States. The shield has 13 vertical stripes, representing the original 13 colonies. The motto “E PLURIBUS UNUM” appears on the top, with “UNITED STATES OF AMERICA” circling the rim.
Edge
The edge of the 2017-P Lincoln Shield Cent is plain, which means it has no markings.
Coin Specifications
| Specification | Details |
|---|---|
| Country | United States of America |
| Year of Issue | 2017 |
| Denomination | One Cent (USD) |
| Mintmark | P (Philadelphia) |
| Mintage | 4,361,220,000 |
| Alloy | 97.5% zinc, 2.5% copper |
| Weight | 2.5 grams |
| Diameter | 19.0 mm |
| Edge | Plain |
| Obverse Designer | Victor D. Brenner |
| Reverse Designers | Lyndall Bass, Joseph Menna |
Conclusion
The 2017-P Lincoln Shield Cent is not just a coin; it tells a story of surprise and excitement in the collector community. With its unique “P” mintmark and historical significance, it remains a sought-after piece. Whether you’re a new collector or a seasoned numismatist, this cent adds a special touch to any collection. As the market for these coins continues to evolve, keeping an eye on their value can be rewarding.
FAQ’s
What makes the 2017-P Lincoln Shield Cent special?
The 2017-P Lincoln Shield Cent is unique because it is the first cent to feature a “P” mintmark from the Philadelphia Mint. Released quietly in celebration of the 225th anniversary of the United States Mint, it surprised collectors when it appeared in circulation without prior announcement.
How much is the 2017-P Lincoln Shield Cent worth?
The value of the 2017-P Lincoln Shield Cent varies based on its grade. As of September 2024, coins graded MS67+RD have sold for around $31 to $37, while those graded MS68RD could be worth approximately $500. Raw coins may sell for about $1 to $2, depending on their condition.
Where can I find 2017-P Lincoln Shield Cents for sale?
You can find 2017-P Lincoln Shield Cents on auction sites like eBay, where many sellers list them. Coin shops and coin shows are also good places to look for these cents. Make sure to check the coin’s grade and condition before purchasing to ensure you’re getting a fair price.