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Wheat Penny Price Trend

Updated on February 2, 2012

Wheat Pennies -

Wheat Pennies are the historical gems of pocket change. No other US coinage offers the potential to find dates from the early-mid 1900s as well as Lincoln Cents. Most Americans have at least a small stash of Wheat Pennies they've collected from circulation and set aside, but have you ever wondered if your jar of pennies is worth much more? It turns out that the price of Wheaties is on the rise and will continue this trend as more years come and go. This article provides a wheat penny price trend guide for each decade the wheat were minted. I'll start by providing values for pennies you're most likely to find in circulation and work backwards until we reach Pennies that are almost never found in circulation anymore.

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Year
Mint
Estimated Value
1950
P,D,S
$.02 - $4
1951
P,D,S
$.02 - $4
1952
P,D,S
$.02 - $6
1953
P,D,S
$.02 - $2
1954
P,D,S
$.02 - $2
1955
P,D
$.02 - $2
1956
P,D
$.02 - $2
1957
P,D
$.02 - $2
1958
P,D
$.02 - $2

1950-1958 Wheat Pennies -

The most common dates of Wheat Pennies found in circulation come from these years. United States mintage of Wheat Pennies was very strong during the fifties, with billions produced throughout this period. The only key date from these years is the 1955 Double-Die Error. This coin is valued between $1,000-10,000+. Being an error coin, it would be like winning the lottery if you came across one of these in circulation today.

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Year
Mint
Estimated Value
1940
P,D,S
$.10 - $8
1941
P,D,S
$.10 - $13
1942
P,D,S
$.10 - $15
1943
P,D,S
$.15 - $4
1944
P,D,S
$.02 - $6
1945
P,D,S
$.02 - $6
1946
P,D,S
$.02 - $6
1947
P,D,S
$.02 - $6
1948
P,D,S
$.02 - $5
1949
P,D,S
$.02 - $5

1940-1949 Wheat Pennies -

Although not quite as common as Wheat Pennies from the 1950s, the forties also show up a decent amount of times in circulation. One coin from the forties that never appears in circulation is the 1943 date. Pennies made during this year were composed of steel coated zinc, lending to its silver color. These have vastly been removed from circulation because of their odd whitish color and the fact that many people actually believe they are silver.

_________________________________________________________________

Year
Mint
Estimated Value
1930
P,D,S
$.15 - $14
1931
P,D,S
$.40 - $150
1932
P,D
$1 - $35
1933
P,D
$1 - $35
1934
P,D
$.15 - $25
1935
P,D,S
$.15 - $20
1936
P,D,S
$.10 - $11
1937
P,D,S
$.10 - $13
1938
P,D,S
$.10 - $14
1939
P,D,S
$.10 - $12

1930-1939 Wheat Pennies -

Wheat Pennies from the 1930s are becoming very hard to find in circulation, but there is still a fair amount left to be found. If you do happen to find a Wheat Penny from the thirties, it'll most likely be a common date. Mintage numbers were much lower than other decades at the beginning of the 1930s due to the great depression in the United States. With a mintage number of only 866,000, the 1931S Wheat Penny is known as the key date of the thirties, valued at $50-$150+.

_________________________________________________________________

Year
Mint
Estimated Value
1920
P,D,S
$.20 - $200+
1921
P,S
$.20 - $200+
1922
D
$.10 - $150+
1923
P,S
$.15 - $400+
1924
P,D,S
$1 - $400+
1925
P,D,S
$.15 - $150 +
1926
P,D,S
$.15 - $200+
1927
P,D,S
$.25 - $140
1928
P,D,S
$.20 - $100+
1929
P,D,S
$.15 - $40+

1920-1929 Wheat Pennies -

The twenties Wheat Pennies are not impossible to find in circulation, but they're getting near it! On the upside, I found a 1927 just this year, so don't eliminate them from the picture just yet. Pennies from the twenties and lower are usually under much more demand, so they will command higher values. Coins minted at the San Francisco Mint are generally valued higher for coins in the 1920s. The one exception is the 1924D, as it is considered the only Key Date of the twenties.

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1909-1919 Wheat Pennies -

Wheat Pennies from the inaugural year to 1919 are highly valued among collectors and usually never show up in circulation. In the last few years, I've searched through over 100,000 pennies, and only found one 1919 in circulation. That's a pretty terrible percentage, so I'm not going to cover these values, as your chances of actually finding one are slim at best. If you do have some that were passed down or saved, you can refer to the comprehensive value guide below to determine the value of your Penny.

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Did You Know?

When it comes to the actual value of your Wheat Penny, its condition and Mintmark are very important. During many years, some mints produced significantly less pennies, leading to higher values than other pennies of the same year. Also, Almost Uncirculated and Mint State condition pennies will be valued higher than pennies that are heavily worn. Below are guides to a comprehensive list of Wheat Cent Values and how to tell the condition of your coin:

- Comprehensive Value Guide for Lincoln Pennies

- How to Find Your Coin's Grade

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Thanks for reading my article on Wheat Penny Price Trends. If you're interested in other American coinage, be sure to check out my other articles! I've got value guides for most modern coinage.

Did You Know?

The San Francisco minted 1909 Lincoln Penny featuring the initials V.D.B on the reverse, are by far the rarest of all Wheat Pennies. Their mintage number stands at 484,000.

Comments

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    • East Texas Girl profile image

      Shana 

      6 years ago from East Texas

      Great Hub. I have just recently started looking thru my change for older coins. It is amazing at how much some of it is actually worth.

    • Cresentmoon2007 profile image

      Cresentmoon2007 

      6 years ago from Caledonia, MI

      Very interesting. My boyfriend always checks out the dates on wheat pennies

    • TattooKitty profile image

      TattooKitty 

      6 years ago from Hawaii

      Thanks for the great info! I have the urge to go looking through my penny collection now ;) Voted up and useful!

    • galleryofgrace profile image

      galleryofgrace 

      7 years ago from Virginia

      Excellent article and resources. Thanks a bunch. Have always collected coins. The main ones I have trouble with are the foreign ones.(hint,hint-next hub)

      The comprehensive guide resource is great.

    • davenmidtown profile image

      David Stillwell 

      7 years ago from Sacramento, California

      Coins always interest me. I wish they could tell their own stories of where they have been. This is a great hub and full of perfect information. thank you.

    • RTalloni profile image

      RTalloni 

      7 years ago from the short journey

      Thanks for this hub that is a quick resource on pennies. We dabble in coin collecting and like to share articles like this one.

      I once read of a very wealthy man who stopped to pick up stray pennies on the sidewalk. Someone with him remarked on how amazed they were at seeing the wealthy man do so. The man replied that he did so because pennies have God's Name on them, and that was more valuable than all his wealth. This man had it right! :)

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