The 1958 1 cent coin is a highly sought-after piece amongst coin collectors. This particular coin has been graded as MS 67 by the American Numismatic Institute (ANI), further increasing its value and desirability. In this article, we will delve into the history of the 1958 1 cent coin and discuss why it is considered a valuable piece in the numismatic world. The 1958 1 cent coin was minted by the United States Mint in Philadelphia, Denver, and San Francisco. In total, the Philadelphia Mint produced over 1.2 billion of these coins, while the Denver and San Francisco Mints produced over 800 million and 300 million, respectively. Despite the high mintage numbers, the 1958 1 cent coin is considered a scarce coin in higher grades, making it a sought-after item by collectors. One of the main reasons for the scarcity of high-grade 1958 1 cent coins is due to their composition. In 1958, the penny was made of 95% copper and 5% zinc. However, during this time, the price of copper rose significantly, leading the United States Mint to change the composition of the penny to 95% copper-plated zinc and 5% tin and zinc in 1982. This change in composition makes the 1958 1 cent coin the last year that the penny was made of pure copper, making it a unique and valuable piece for collectors. In addition to its composition, the 1958 1 cent coin also features a Lincoln head design on the obverse, which has been in use since 1909. The reverse design showcases a pair of wheat stalks, with the words "ONE CENT" inscribed above and "UNITED STATES OF AMERICA" and "E PLURIBUS UNUM" inscribed below. This classic design adds to the allure and historical significance of the coin. Now, let's discuss the grading by the American Numismatic Institute (ANI). The ANI is a respected organization that has been grading coins since 1960. Their grading standards are recognized and trusted by collectors and dealers worldwide. The MS 67 grade holds a special significance as it is considered a near-perfect coin, with only minimal marks or hairlines visible under magnification. As a result, any coin graded as MS 67 is highly sought-after and commands a premium value. In conclusion, the 1958 1 cent coin is a valuable and sought-after piece for coin collectors. Its scarcity in higher grades due to its unique composition, along with its iconic design and the ANI's MS 67 grading, make it a highly desirable coin. Whether you are a seasoned collector or just starting in the world of numismatics, the 1958 1 cent coin is a must-have for any collection.
