What Wheat Penny Is Worth The Most – But some pennies are worth more than gold, and coin collectors will pay through the roof to score rare coins
A few hundred pieces from the 18th and 19th centuries sell for thousands, but the most valuable pen features Abraham Lincoln.
What Wheat Penny Is Worth The Most
Since then he has remained a staple of the century and Lincoln coins have become collector’s pieces over the years
Lincoln Wheat Penny Key Dates & Values (1909 1958)
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Each wheat cent bears the words “E Pluribus Unum” reversed along with its name and country of origin
Each wheat center features President Lincoln’s face on the obverse or head side, surrounded by the words “Liberty” and “In God We Trust.”
How Rare Is A 1943 Lincoln Steel Penny?
In 1959, Brenner’s wheat reverse was replaced with the image of the Lincoln Memorial, which remains the standard on modern pens.
More than 60 years after the last wheat cent, some coins in the series retain significant value due to defects or deficiencies.
In an effort to preserve bronze for World War II, the United States Mint temporarily minted its coins from steel in the 1940s.
Ron Guth of Professional Coin Grading Services (PCGS) writes that demand for copper increased during World War II as it was used in weapons and other materials.
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Most pennies minted in 1943 were made of steel, but a small number of bronze coins were still minted
A recirculated version of the coin sold for $305,000 at auction in 2016, with the lowest sale ever recorded by PCGS at $186,000.
The Denver and San Francisco coins were stamped with mintmarks indicating where they were made, while the Philadelphia Mint did not mark its 1944 steel pen.
Although they are extremely rare, the 1944-S is the most valuable of the three – only two have been reported
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In 2008, an unrestored 1944 Steel Cent sold at auction for $34,500, while unrestored variants have sold for up to $180,000.
Every penny was supposed to be de mint stamped, but about 25,000 were mistakenly unmarked
As a result, it is believed that a Mint employee took the old overs and submitted them to correct their appearance.
“But instead, mint workers overfiled the D mint mark and produced the 1922 No D Lincoln cent.”
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However, a No-D 1922 penny in mint or mint condition fetches $50,000 at auction.
Among the rarer error coins, PCGS estimates that 1917 pennies have survived since the coin was minted 105 years ago.
The doubling of this coin is most evident in the word “faith”, but the mint year is doubling
Almost uncirculated, a 1917 double die pin can sell for around $3,000, and one of these coins in poor condition will set you back $100.
Most Valuable Pennies Of All Time
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It has been around since the Middle Ages, and the name American penny comes from the British coin of the same name
First minted in 1787, the US coin is a major source of US currency Official U.S. The mint name of the coin is “cent” and the official treasury name is “one percent piece”.
Although pens have been around since the late 1800s, the pen didn’t take on its current familiar form until 1909, when its design began with President Abraham Lincoln – replacing the Indian head pens in production at the time – to commemorate the centennial. His birth
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The first Lincoln pennies issued were known as Lincoln Wheat Pennies or Lincoln Wheat Cents, which featured two wheat stalks on the reverse.
This article will answer two key questions about Lincoln wheat pennies: Which wheat pennies are most valuable to coin collectors (ie key dates, low mintage, minting errors) and which wheat pennies to look for in your pocket change?
The wheat pen specifically refers to Lincoln cents produced from 1909 to 1958. The Lincoln head design on the obverse is still found on cent coins today, but the reverse features a stalk of wheat, hence the moniker.
President Theodore Roosevelt then ordered a reform of the US currency. The famous sculptor Augustus Saint-Gaudens was responsible for its reconstruction. was given. However, Saint-Gaudens fell seriously ill and died before completing the design for Pisa. Litvak-American sculptor Victor David Brenner inherited the work.
How Much Is A 1913 Penny Worth? See The Current 1913 Wheat Penny Value Here
Died at the Philadelphia Mint in June 1909 and distributed to other branches That initial year consisted of two editions One version had the engraver’s initial Viktor David Brenners (V.D.B.) reversed, the other did not. Brenner’s initials would be brought back in 1918, but they were much smaller and placed on the front of the coin near Lincoln’s shoulder.
Although the face value of a wheat penny is one percent, as a good rule of thumb, all wheat pennies, including common wheat, are worth more than their face value. Even those in poor condition are worth at least 3 or 4 cents and can be six figures for some coin collectors.
Most wheat pens average $10 in good condition and are often easy to find and buy However, rare wheat pennies command a higher premium and cost you a penny
The following list contains many valuable wheat pennies Their prices are based on the latest transactions and market updates Because of their numerical interest they are worth significantly more than their copper smelting value Like silver coins, quarters, half dollars, and so-called “junk silver” high-value dollar coins have significant dates.
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In 1943, due to America’s involvement in World War II, the United States Mint had to switch from using copper to steel for wheat cents. This change only lasted a year, and in 1944, the brass alloy returned to the Lincoln Wheat Cent. However, some steel blanks ended up in the press machine and this 1944 steel cent ended up in circulation.
The reason why 1944 steel cents are so valuable is precisely because they are extremely rare coins Only about 30 specimens are known
Value: In average condition, this coin is valued at around $77,000 and $110,000 if in mint condition certified by the grading service.
As mentioned above, the 1943 cent had to be minted in steel instead of copper due to the country’s efforts in World War II. Numismatists believe that some brass patches were used incorrectly Very few of these pens were minted and circulated In other words, this is a really rare error coin
Wheat Penny Values Charts
Price: Many collectors are willing to pay around $60,000 for average condition and up to $85,000 for mint condition.
This year and mintage (Denver) is considered the most valuable date and defect-free wheat penny.
As mentioned earlier, the initial years of VTP and non-VTP Edition San Francisco minted VDB pen is extremely rare
Value: A 1914 Lincoln Wheaton averages $28 and tops out at $1,500.
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In addition to the above pen, watch out for wheat pennies with double dies and other flaws – they fetch a lot of valuable coins in the coin collecting business.
Some of the flaws on these old coins can only be detected with a magnifying glass, but some are clearly visible Here are five valuable causes of this type of error in the manufacturing process
Until recently, mint marks were punched by hand, making the condition slightly different Errors also occurred, and instead of removing the coin, the coin was re-struck with the correct sign With this coin, S is first struck horizontally and then struck again vertically
The double die maintenance error creates two impressions that slightly offset each other An error may be found in the word “belief” and in the date
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Value: A coin with this flaw can cost a few dollars, from $80 to $3000 from circulation.
For some reason, the Denver Mint produced about 500,000 pennies this year without the “D” mint.
Another example of a re-punched coin is one that is first punched and then covered with a die
These coins have been nicknamed the “King of Lincoln Cents” because of their dramatic rate of doubling
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Below is a list of the top 15 most valuable wheat pennies of all time