The 1949 Lincoln Cent remains a key piece in American coin history. Featuring the iconic portrait of President Abraham Lincoln, this coin has captivated collectors for decades. In this article, we’ll delve into the history of the 1949 Lincoln Cent, its design features, and its current market value as of 2024. Whether you’re a seasoned collector or just curious, there’s plenty to learn about this popular coin.
Overview of the 1949 Lincoln Cent
The 1949 Lincoln Cent was minted in the United States, with a total production of 217,775,000 coins. It is considered relatively common compared to other coins produced in different mints that year. The coins from the Philadelphia Mint are particularly well-made, making them popular among collectors today.
| Feature | Description |
|---|---|
| Mintage | 217,775,000 coins |
| Mint Location | Philadelphia |
| Commonality | Relatively common |
| Quality Control | High quality with few flaws |
Unique Features of the 1949 Lincoln Cent
Quality Control
The coins produced in Philadelphia stand out due to their high quality. Most coins have clear details and minimal flaws. There is only one known variety for this year, labeled ODV-015, which features a slightly noticeable border around Lincoln’s forehead.
Staining Issues
Many 1949 Lincoln Cents display a type of staining known as “cob webbing.” This stain affects coins minted between 1949 and 1952 and is believed to be caused by a chemical treatment used before the coins were struck. Unlike other issues seen on different coin types, this staining often impacts entire rolls of cents.
| Staining Type | Description |
|---|---|
| Cob Webbing | A staining pattern affecting many coins minted between 1949-1952. |
Current Market Value of the 1949 Lincoln Cent in 2024
As of 2024, the 1949 Lincoln Cent is still popular among collectors. While you may not find these coins in everyday transactions, they are readily available in various grades. Here’s how the market values them today:
Common Grades and Prices
Most examples of the 1949 Lincoln Cent are not considered highly valuable. Collectors can typically find them for face value or a bit more. Many dealers sell these coins for around 20 cents in boxes of lower-grade coins. Approximately 93% of the coins graded fall between MS 64 and MS 66.
| Grade | Price Range | Market Observation |
|---|---|---|
| MS 64 | $5 – $20 | Commonly found in circulation |
| MS 65 | $10 – $30 | Notable examples can fetch more |
| MS 66 | $50 – $150 | Rarer coins command higher prices |
Higher Grades
Coins graded MS 66 can sell for between $50 and $150. Prices can vary based on auction results. In 2023, for instance, a graded coin sold for $49, while another example fetched $140 in a different auction.
The rarest coins, graded MS 67, are worth significantly more, often exceeding $862 up to $2,160. Only 131 coins have received this high grade, making them very desirable among collectors.
| Grade | Price Range | Remarks |
|---|---|---|
| MS 67 | $862 – $2,160 | Extremely rare, sought after by collectors |
| MS 67+ | $9,000 | Sold in auction for top quality example |
Pinnacle Grade
The highest known grade for the 1949 Lincoln Cent is MS 67+ RD, which has only one public sale record. In October 2021, this exceptional coin sold for $9,000 due to its pristine condition.
Design Features
Front Side (Obverse)
The front of the coin features a portrait of Abraham Lincoln, designed by Victor David Brenner. Lincoln is depicted from the shoulders up, wearing a suit and bow tie. The coin also includes the words “IN GOD WE TRUST” at the top and “LIBERTY” behind his neck, with the year 1949 displayed near the bottom.
Back Side (Reverse)
On the back, you’ll find Brenner’s design of two sheaves of wheat with “E · PLURIBUS · UNUM” along the top edge. The words “ONE CENT” are prominently displayed in the center, along with “UNITED STATES OF AMERICA” below it.
Coin Specifications
| Specification | Detail |
|---|---|
| Country | United States |
| Year | 1949 |
| Denomination | One Cent |
| Mint Mark | None (Philadelphia) |
| Mintage | 217,775,000 |
| Composition | 95% Copper, 5% Tin and Zinc |
| Weight | 3.11 grams |
| Diameter | 19.00 mm |
Conclusion
The 1949 Lincoln Cent continues to be a significant coin in American history and numismatics. With its high mintage and impressive design, it remains a favorite among collectors. While most examples are not highly valuable, certain grades can fetch impressive prices. Whether you’re just starting your collection or are a dedicated enthusiast, understanding the value and history of the 1949 Lincoln Cent is essential. As you explore this coin, you’ll gain a deeper appreciation for its role in American culture and the stories it tells.
FAQ’s
What is the mintage of the 1949 Lincoln Cent?
The 1949 Lincoln Cent has a total mintage of 217,775,000 coins, making it relatively common among collectors.
What factors affect the value of the 1949 Lincoln Cent?
The value of the 1949 Lincoln Cent is influenced by its grade, condition, and any unique features, such as staining or variations. Higher grades can sell for much more than lower grades.
Who designed the 1949 Lincoln Cent?
The coin was designed by Victor David Brenner, featuring a portrait of President Abraham Lincoln on the front and sheaves of wheat on the back.