![]() ![]() ![]() In 1979, the “P” mintmark appeared on the new Susan B. This practice of no mint mark continued on all coins minted in Philadelphia, with only one notable exception, (keep reading for more on this) until 1979. Philadelphia was chosen as the first site because it was actually the site of the nation’s capital for a brief period, from 1790-1800 while Washington DC was being built. Since there was only one branch of the Mint, it was not necessary to use a mintmark. The first mint branch was established in Philadelphia. In 1792, the United States Congress passed the Coinage Act, establishing the first national mint in the United States. If a problem was found on a series of coins (for example, if the coins were found to be underweight), they could be traced back to the mint where they were made and hold those officials responsible. What was the original purpose of a mint mark?Įssentially, a mint mark was added to the coin to hold that Mint accountable for the quality, size, and weight of a coin. Ancient Greeks and Romans used them on coins starting around the 3rd Century. Mint marks have been used for thousands of years. ![]() The premium price for key date Lincoln Wheat Cents is for popularity rather than being truly rare.A Mint mark is a small letter that designates where a coin was made. (The designers initials that appear at the bottom of the reverse), 1914-D, 1931-S, and the 1922-D with no mint mark below the date. There are a few key dates such as the 1909-S, 1909-S V.D.B. Some common Wheat cents in high grades of MS66 and higher can be bought and sold for under $100 dollars. ![]() Common wheat cents are not worth that much. Mostly all Wheat cents are very common, and were produced in the millions and even billions. The term Lincoln Wheat Cent refers to the design used on the reverse of the Lincoln Cents from 1909-1958. ![]()
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