1956 Wheat Penny Value: Price Chart by Grade & Mint

In 1956 the U.S. Mint struck about 1.52 billion Lincoln cents for circulation: Philadelphia 420.7 million, Denver 1.10 billion. That is 62% more than 1955. Among the 117 years from 1909 to 2025, 1956 ranks number 67 by total mintage (1 = most coins made), so it is a mid-range date for availability. The scarcest 1956 issue by mintage is Philadelphia (420,745,000); the most common is Denver (1,098,201,100). Within the 1950s, 1956 ranks 2 of 10 years for mintage; the decade's high was 1959 (1.89 billion) and its low was 1954 (419.4 million). Mint by mint: Philadelphia rose 27% from 1955; Denver rose 95% from 1955. Proof cents for collectors: 669,384 from Philadelphia.

The mint mark, if any, sits under the date on the front of the coin. A 1956 cent with no mint mark was struck at Philadelphia and is the normal, common form for that mint. The letters you can find on 1956 circulation cents are D (Denver). Proof cents for 1956 were struck at Philadelphia with no mint mark; they have mirror-like fields and came from collector sets, not from circulation.

• From 1918 onward the initials V.D.B. sit in tiny letters on the truncation of Lincoln's shoulder on the obverse. They are normal and do not add value; they are simply a way to confirm the coin's era.
• Wheat cents were struck in bronze (3.11 g) except for 1943. Genuine coins show a plain edge and a slightly lighter, more reddish colour than modern zinc cents when uncirculated; a brown, evenly worn coin is the normal state for this era and is not damage.
• Before anything else, confirm the date and mint mark are fully readable and that the surfaces have not been cleaned; the dates and mint marks guide shows what cleaning and machine doubling look like.

PCGS Price Guide values for 1956 cents (updated September 24, 2026, U.S. dollars, for coins certified by PCGS):

• 1956: $7 in MS63 RD and $20 in MS65 RD.
• 1956-D: $7 in MS63 RD and $18 in MS65 RD.

Philadelphia is the lowest-mintage 1956 issue (420,745,000 struck), so it is the mint collectors check first. Guide prices assume a certified coin; an uncertified, worn 1956 cent usually sells for less than the lowest figure above, often a few cents in bulk wheat-cent lots. RD means full original red copper, RB red-brown, BN brown; the color grade can multiply the price. How grade and variety turn into a number is explained in what makes a coin valuable.