Description and Analysis
Lincoln Cents, Wheat Reverse
1958 1C PF
Description & Analysis
A nationwide recession in 1957-58, combined with an alarming overproduction of proof sets in 1957, led to a 30% drop in sales of the 1958 proofs. This is nevertheless a very common cent in fully red gem.
Cameo pieces, while certainly not common, exist in sufficient numbers to satisfy the demand. Ultra Cameo coins are slightly more available than for previous years, but they are still quite rare overall.
The huge number of circulating cents coined during the 1950s wore out the master hubs, most notably the obverse. Even on proofs Lincoln's beard looks more like an elongated jaw than whiskers. The Mint did nothing to address this problem until 1969, when a new master obverse hub was introduced.