How much is a 1956 wheat penny worth today

Simpson, co-chairman of the Texas Rangers baseball club, paid $1 million for the finest known 1943-S Lincoln Wheat cent on a bronze planchet. All 1943 Lincoln cents were supposed to be made of steel planchets coated with zinc.

Pricing the 1956 Lincoln Penny Because there were up to 3 different types of Lincolns produced each year, the type and its scarcity will help determine the value. Secondly, the grade of the coin means everything as coins in great condition will be more valuable than those that have been heavily worn.

Philadelphia mint struck ample quantities of the 1956 penny. These coins are Abundant on the rarity scale. 420,745,000 coined placing 8th in the top ten most produced in a year. With many 1956 cents available to collectors, a standout coin is one in Mint State condition.