Wheat pennies how much are they worth

Check out more: What are pennies made of. The following list of most valuable wheat pennies were issued into circulation, so their values are not based on minting errors. Source: PCGS. Only a few Steel pennies were minted, and those released into circulation were done in error.

Source: Gainesville Coins. Very few of these pennies were minted and would have been released into circulation by error. Due to supply, pennies of this year were supposed to be steel or war pennies. This year and mintage Denver is considered a key date and is the most valuable of the non-error Wheat pennies.

As previously mentioned, the debut year had V. It is worth significantly more than its face value in any condition. Here are five that are valuable due to errors in manufacturing. Until recently, mint marks were punched by hand, and thus the position tended to vary slightly. Mistakes also happened, and rather than scrapping the coin, the coin was usually re-punched with the correct mark.

With this coin, the S was originally punched horizontally and was re-punched vertically. Double die errors result from two impressions being made that are slightly offset from one another. Another example of a re-punched coin, an S was originally punched and then covered up with a D. While not all wheat pennies will fetch a high price tag, all wheat pennies are worth more than their face value and are thus a sought-after coin for collectors.

With this list of the most valuable wheat pennies in mind, you can now be on the lookout for wheat pennies to add to your collection. Looking for more? Michael is a contributor to SD Bullion and the founder of Your Money Geek, where he is on a mission to make finance fun. He has worked in personal finance for over 20 years, helping families. In Stock In Stock Silver. In Stock Gold. In Stock Platinum. New Releases. In Stock Silver. Silver Coins. US Silver Eagles.

The facts are that many people have no idea an old penny could have much value. If you find a wheat penny lying around, you might want to take a closer look. You could have a coin worth thousands of dollars right under your nose. At this time, the coin was mostly made from copper, with steel pennies minted only during World War II.

Coins minted at the Philadelphia mint were not marked in any way. The coins from the San Francisco mint were marked with an S. Nearly 28 million wheat cents were struck in Philadelphia, making them fairly common. Only about a half-million coins were produced with these markings. He arrived in New York City with very little except skill in gem and seal engraving, a trade his father had taught him.

All Wheat Pennies are worth more than their face value of. Findong a circulated coin in MS is a long shot. You may get lucky and find your Grandma's stash, or maybe pick one up from a bank teller that just got dumped off during the holidays however. Well-worn steel pennies often trade for 5 to 10 cents apiece in well-worn condition. There are four major regular-issue key dates in the series and several valuable semi-key dates, varieties, and errors, too.

These include:. Finally, there are the varieties and errors, which constitute some of the most valuable Lincoln Wheat pennies in the series. These are not necessarily required for completing a set of Lincoln Wheat cents, yet many collectors pursue them anyway. The chart below provides an approximate estimate on retail values for the Lincoln cents individually listed above.

It also provides values for the Wheat penny date ranges not specifically mentioned above. Value Avg. While the Lincoln Wheat cent is a long-obsolete coin that has been gradually disappearing from circulation over the past decades, it remains one of the first coin collectors begin searching for.