Lincoln Pennies (1909-1958)
The United States Mint first produced the Lincoln wheat penny in 1909. Some mint years are worth significantly more than others, and the minting location can also affect the value of a penny. For example, a 1933-D could be worth $2.30 or more.
Lincoln Penny Value – What Dealers Pay
Lincoln Wheat Pennies in good condition can be worth anywhere from a few dollars to over $1000, and an NGC or PCGS grading service can help you figure out how much your penny is worth. The grading process is extremely thorough, and it can account for even minor grading flaws.
Lincoln Wheat Penny Value is Conditional
If the lines at the tops of the wheat stalks on the reverse of your Lincoln Wheat Penny remain crisp, clear, and robust, the coin may be in extremely fine condition for dealers and collectors.
Coin Grading Can Provide Peace of Mind
If you have an excellent Lincoln Wheat Penny and are unsure how it should be graded, sending it to NGC or PCGS may be a good idea. Coin grading services are in tune with the market and can give you a good idea of how much your penny is worth.
Mintmarks and the 1909 VDB
A “D” under the date indicates that the penny was minted in Denver, and some wheat pennies with the designer’s initials, “VDB” for Victor D. Brenner, were also produced in 1909. Check your 1909 Lincoln Wheat Penny to see if it has the VDB engraving.
Lincoln Wheat Penny Values Are Rising
New varieties such as double-dies or over-dates may be discovered, and the value of your Lincoln Wheat Penny may increase over time. All Market Updates are provided as a third-party analysis and do not necessarily reflect the explicit views of JM Bullion Inc.
What is the rarest wheat penny?
Wheat Pennies with the Highest Value
- The 1944 Steel Wheat Penny is valued at $500,000. The 1943 Copper Wheat Penny is valued at $100,000. The 1914 D Wheat Penny is valued at $10,000. The 1922 D Wheat Penny is valued at $6,000. The 1926 Wheat Penny is valued at $4,000.
How much is a 1958 penny worth today?
According to CoinTrackers.com, the average value of a 1958 Wheat Penny is 15 cents, but one in certified mint state (MS) could be worth $5.
When were wheat pennies stopped being made?
The US government mint was ordered to stop producing Wheat ears cents in 1958, and the reverse design of the Lincoln penny was changed to a Lincoln Memorial building design in 1959.
Is a 1958 penny worth money?
Extra Fine 1958 Lincoln Wheat Pennies are only worth $.12 and are not in high demand by collectors; even uncirculated examples are worth less than $0.50, while MS-60 condition is worth $0.30 and MS-65 condition is worth $8.
What pennies are worth saving?
Investing in Old Pennies
- All pre-1982 pennies should be kept. If you can tell the difference between 1982 brass and zinc pennies, keep the brass ones.
- All wheat pennies should be kept.
- Keep all pennies (even recent ones) that appear to be u201coffu201d u2014 they could be error or die variety coins.
Are wheat pennies worth anything?
Most wheat cents (wheat pennies were minted between 1909 and 1956) are worth about 4 to 5 cents, but better examples (especially those in near-perfect condition) can be worth much more. Indian Head pennies from 1859 to 1879 are generally worth more than $10.
What makes a 1957 D penny rare?
Higher grades are elusive due to the Denver mint’s bulk handling of coins, which resulted in all coins having some minuscule bag marks; problem free circulated examples can be purchased for about 10 to 15 cents.
Why is a 1958 D penny rare?
The 1958 Doubled Die Penny The term “double die” implies that there are two dies involved with this error variety u2014 which is not the case with a doubled die coin, which only has three known examples.
What is the rarest mint mark?
The wide AM reverse Lincoln cent dates from 1998, 1999, or 2000, with 1999 being the most scarce; the A and M in America have more space between them than usual, and this coin is worth up to $600.
How much is a 1944 d wheat penny worth?
The 1944 D Wheat Penny is worth an average of 15 cents on CoinTrackers.com, but one in certified mint state (MS ) could be worth $6.
Should I clean my wheat pennies?
Cleaning foreign coins, Morgan dollars, wheat pennies, and other valuables to remove corrosion is a delicate and dangerous task; we do not recommend cleaning rare coins if you plan to sell them because cleaning such valuable items devalues them.
What is the rarest Penny year?
The 1943 copper-alloy cent is one of the most enigmatic coins in American numismatics, and it is said to be the most valuable Lincoln penny ever.
Is a 1957 d penny worth anything?
The 1957 D wheat pennies are currently worth 15 to 60 cents in average condition, and the coins in mint condition are worth up to $1.
Is a 1960 penny rare?
The D mint mark is minted over an outline of another D mint mark on the obverse side of the coin, and the small date is minted over a large date. This error coin is worth around $150 in uncirculated condition with an MS-63RB grade.