Description and Analysis
Lincoln Cents, Wheat Reverse
1957 1C PF
Description & Analysis
Proof set sales again nearly doubled from the previous year, but a figure of more than a million proof sets seemed to scare many in the coin business. The speculative market in such coins collapsed under the weight of overproduction, and this set was a drug on the market for the next 20 years.
This immense mintage resulted in a large population of fully red gems, but most of these have little or no contrast. Cameo pieces are not rare, but Ultra Cameo specimens are very rare in relation to the total mintage.