1959 1C Lincoln Cent (Proof)
The 1959 Lincoln Cent marked a significant transition in the history of U.S. coinage, introducing the Lincoln Memorial reverse design. This change replaced the earlier Wheat Ears design that had been in place since 1909. The Proof version, specifically the 1959 1C RD (Proof), carries particular numismatic interest due to its historic significance, rarity, and aesthetic appeal.
Mint and Mintage
The 1959 1C RD (Proof) Lincoln Cents were struck at the Philadelphia Mint, which was the sole location for producing proof coins during this period. The mintage for the 1959 proof Lincoln Cent totaled 1,149,291 coins. This mintage is relatively higher compared to earlier proof issues, reflecting the growing popularity of proof sets among collectors.
Rarity and Value
While the overall mintage was substantial, the rarity of the 1959 1C RD (Proof) arises from the quality and condition-focused collector market. Coins with full red (RD) designation and high grades, such as PR67 or higher, are particularly sought after. The red color designation indicates that they possess their original copper-red color without toning, which is especially difficult to find as copper tends to tone over time.
Market Performance
The market for the 1959 1C RD (Proof) Lincoln Cent can vary based on several factors such as rarity, condition, and current collector demand. High-grade examples consistently achieve impressive prices at auction. For instance, an example graded PR69 RD can fetch hundreds of dollars, a testament to its quality and collector interest. Auction results show exceptional coins sometimes reach into the higher price brackets, with sales recorded over $1,000 for top-tier specimens.
Key Features
Design: The obverse displays the familiar bust of Abraham Lincoln designed by Victor David Brenner, while the reverse features the Lincoln Memorial design by Frank Gasparro. This new reverse design symbolized the nation's vital institutions and democratic principles.
Composition: The coin is composed of 95% copper, and 5% tin and zinc, consistent with Lincoln Cents of this era.
Diameter: 19.05 mm
Weight: 3.11 grams
Numismatist Perspective
To a numismatist, the 1959 1C RD (Proof) represents a crucial juncture in U.S. Mint history, capturing the transition from the symbolism of agriculture to that of civic architecture and national cohesion. The introduction of the Lincoln Memorial design added depth and evolved the coinage narrative, celebrating Abraham Lincoln and his contributions to American society.
Collecting Considerations
Collectors aiming to find a pristine example should prioritize locating pieces with the original red sheen and flawless surfaces. It is common for these coins to have minor spotting or toning; thus, a premium is assigned to those that have been well-preserved. In conclusion, the 1959 1C RD (Proof) Lincoln Cent is a notable collectible for its historical significance and the beginning of a new era in American numismatics. Its emphasis on quality and eye appeal makes it a coveted item in any coin collection.
PCGS Coin Facts Reference
Mint: Philadelphia
Mintage: 1,149,291
PCGS #: 3386 This piece continues to be a favorite among both advanced collectors and those new to the hobby, ensuring its place in numismatic collections for future generations.
