The 1917 penny is not just a piece of currency; it is a fascinating artifact that reflects a unique period in American history. As collectors and enthusiasts dive into the world of numismatics, the 1917 penny stands out for its intriguing design and historical context. In this article, we will explore everything you need to know about the 1917 penny, including its value, features, and tips for collectors. Whether you are a seasoned numismatist or a novice looking to start your collection, understanding the significance of this penny can enhance your appreciation for coin collecting.
Coin collecting can be an enriching hobby that combines history, art, and investment. The 1917 penny, in particular, represents a pivotal time in the United States as it was struck during World War I, a time when the country was undergoing significant changes. This article will provide a detailed overview of the 1917 penny, including its specifications, historical significance, and tips on how to evaluate its value in today’s market.
By the end of this article, you will have a solid understanding of the 1917 penny and its place in the world of coin collecting. We will also provide resources for further reading and exploration of this captivating topic, ensuring that you leave with valuable knowledge and insights.
Table of Contents
- History of the 1917 Penny
- Design Features of the 1917 Penny
- Varieties of the 1917 Penny
- Value of the 1917 Penny
- Grading the 1917 Penny
- Tips for Collecting 1917 Pennies
- Resources for Further Research
- Conclusion
History of the 1917 Penny
The 1917 penny, officially known as the Lincoln penny, was struck during a time of great social and economic upheaval in the United States. The United States was fully engaged in World War I, and this conflict had a profound impact on the economy and the lives of everyday Americans. The penny itself serves as a reminder of the sacrifices made during this time.
Initially minted in 1909, the Lincoln penny was designed by Victor David Brenner to commemorate the 16th President of the United States, Abraham Lincoln. The design was notable for its depiction of Lincoln on the obverse and the words "One Cent" along with a wheat motif on the reverse. This design remained in circulation until 1958.
The 1917 penny was minted in two different varieties, which we will explore in detail later in this article. The production of the 1917 penny was part of a larger effort to keep the economy stable during wartime, making it an important piece of history for collectors.
Design Features of the 1917 Penny
The 1917 penny features distinctive design elements that set it apart from other coins of its time. Understanding these features can help collectors identify genuine coins and appreciate their artistry.
Obverse Design
The obverse of the 1917 penny depicts a profile of Abraham Lincoln, facing right. The inscription "In God We Trust" is located above Lincoln's head, while "Liberty" is inscribed to the left. The date "1917" is positioned below Lincoln's portrait. This design is celebrated for its attention to detail and realistic representation of Lincoln.
Reverse Design
The reverse of the penny showcases two stalks of wheat, symbolizing prosperity and the agricultural roots of America. The words "One Cent" are prominently displayed in the center, with "United States of America" encircling the top. This wheat design is known as the "Wheat Ears" reverse and was used from 1909 until 1958.
Varieties of the 1917 Penny
There are two main varieties of the 1917 penny that collectors should be aware of: the 1917 plain and the 1917 D mint mark. Each variety has unique characteristics and value implications.
1917 Plain Penny
The 1917 plain penny was minted in Philadelphia and does not bear a mint mark. This variety is the more commonly found of the two and is typically less valuable than its counterpart.
1917 D Mint Mark Penny
The 1917 D penny was minted in Denver and features a "D" mint mark on the obverse side, just to the right of Lincoln's shoulder. This variety is scarcer and can command higher prices in the collector market.
Value of the 1917 Penny
The value of the 1917 penny can vary significantly based on its condition, rarity, and demand among collectors. Here are some general guidelines for evaluating the value of these coins:
- 1917 Plain Penny: Commonly ranges from $0.10 to $5.00 depending on condition.
- 1917 D Mint Mark Penny: Values can range from $1.00 to over $100.00 for coins in excellent condition.
It is essential to consult a reputable price guide or an experienced numismatist to get an accurate assessment of a specific coin's value.
Grading the 1917 Penny
Grading is a critical aspect of coin collecting that determines a coin's condition and value. The American Numismatic Association (ANA) uses a scale from 1 to 70, with 70 representing a perfect coin. Here are some common grading terms that collectors should be familiar with:
- Good (G): Heavy wear, details are visible but faint.
- Fine (F): Moderate wear, with clear details.
- Very Fine (VF): Light wear, with most details visible.
- Extremely Fine (XF): Minimal wear, with all details sharp.
- Uncirculated (MS): No signs of wear, with full luster.
It is advisable to have high-value coins graded by a professional service for authentication and accurate valuation.
Tips for Collecting 1917 Pennies
For those interested in collecting 1917 pennies, here are some valuable tips to enhance your collecting experience:
- Research: Familiarize yourself with the history and varieties of the 1917 penny.
- Join a Numismatic Society: Engaging with fellow collectors can provide valuable insights and networking opportunities.
- Attend Coin Shows: Coin shows offer opportunities to buy, sell, and trade coins, as well as access to expert advice.
- Invest in Proper Storage: Use coin holders or albums to protect your pennies from damage.
Resources for Further Research
To deepen your understanding of the 1917 penny and coin collecting in general, consider exploring the following resources:
- Coin World - A leading source for numismatic news and resources.
- American Numismatic Association (ANA) - Offers educational resources and events for collectors.
- Numismatic Guaranty Corporation (NGC) - A reputable grading service for coins.
Conclusion
In conclusion, the 1917 penny is a captivating piece of American history that offers insights into the past and serves as a valuable addition to any coin collection. With its unique design and historical context, collectors can appreciate both its aesthetic and monetary value. We encourage you to explore the world of numismatics further and consider adding a 1917 penny to your collection.
If you found this article helpful, please leave a comment, share it with fellow collectors, or check out our other articles on numismatics. Happy collecting!
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