The 1989 P 5 Cent American Coin holds a special place in the hearts of coin collectors and history buffs alike. This particular coin, graded MS70 by SGS, is a rare and highly sought-after gem that represents a significant moment in American history.
The year 1989 marked the bicentennial anniversary of the birth of President Abraham Lincoln, a figure deeply revered in American culture. As part of the celebrations, the US Mint issued a special commemorative 5 cent coin featuring the iconic portrait of Lincoln on the obverse and the Lincoln Memorial on the reverse. The coin was struck at the Philadelphia Mint and had a limited mintage of only 5,008,032.
What makes this particular 1989 P 5 Cent American Coin so special is its MS70 grade by SGS (Sovereign Government Services). This prestigious grading service is known for its strict and highly reliable grading standards, making this coin one of the few to achieve the perfect MS70 rating. To be graded as MS70, a coin must have no visible flaws or imperfections when inspected under a 5x magnification lens. This makes the coin extremely rare and valuable among collectors.
The obverse of the 1989 P 5 Cent American Coin features the profile of President Abraham Lincoln, created by Victor David Brenner. This design has been used on the penny since 1909 and is considered one of the most iconic images in American coinage. The word “Liberty” is inscribed above Lincoln’s head, with the motto “In God We Trust” and the date of issuance, 1989, appearing below.
On the reverse, the coin features the Lincoln Memorial, designed by Frank Gasparro. The memorial was completed in 1922 and stands as a testament to Lincoln’s legacy and the principles he stood for. The words “United States of America” and “E Pluribus Unum” (Latin for “Out of Many, One”) are inscribed on either side of the memorial, while the coin’s face value of “5 cents” is displayed at the bottom.
The 1989 P 5 Cent American Coin graded MS70 by SGS is a highly coveted collectible for several reasons. Not only does it hold significant historical value as a tribute to one of the nation’s most influential and respected leaders, but its perfect grade makes it a rare and valuable addition to any collection. As with most coins, the value of this particular piece is dependent on factors such as demand, rarity, and condition, but it has consistently been seen fetching impressive prices at auctions and in private sales.
If you are a coin collector or simply someone with an appreciation for US history, the 1989 P 5 Cent American Coin graded MS70 by SGS is a must-have in your collection. Its flawless design and exceptional quality make it a true gem and a prized possession for any avid collector. So, keep an eye out for this rare coin and add it to your collection to commemorate one of the most defining moments in American history.