As always, nicer, better preserved coin are always worth more. Step 3: | Grading Condition | Penny Values are ConditionalĬondition is one of the subtle steps affecting penny values. Visit the series page for value charts and details on how to value your old penny. □Step 1 above are image links to match your coin. Four are within the Lincoln cent series, different mints and sub-varieties. Two are Indian pennies, from different mints. As example, a 1909 penny has a total of six varieties. Mintmarks are listed and valued on Indian and Lincoln value charts.Īccurate recognition of dates also becomes important when separating variety and value. Collectors now have another variety as part of collections. Until then Philadelphia produced all cent and two cent denominations. The San Francisco branch mint began coining Indian pennies. Mintmarks became important to penny values starting in 1908. Date further identifies your coin and combined with availability, establish value. However, an 1877 Indian penny is rare and highly valuable. ![]() As example a 1907 Indian penny is available in all grades and affordable. Within a series, invariably certain dates are the commonly found issues. Collections are built with a focus on dates and date runs. Scarcity and rarity from one date to the next vary greatly within each series. Step 2: | Date Plus Variety and Mintmarks are Identified When the right coin is available and is needed for their collection, none hesitate to pay. Admittedly not the most popular coin, however those collecting the series are very serious. A short series, serving a specific demand at the time, minted 1864 to 1873. So, before celebrating early retirement with your newfound fortune, it’s a good idea to have your coin collection authenticated by a reputable coin dealer.2 cent coin value is steadily increasing over the long term. But beware - there are counterfeit Wheat Pennies floating around. Regardless of the condition or grade, many collectors do not consider their coin collection complete without the Lincoln Wheat penny. ![]() Now, if you’re lucky enough to have one that’s uncirculated, particularly if it’s graded by one of the major grading companies, those alone are $2,000 and $3,000 coins,” said Sorrick. Those can be worth anywhere from $700 to $1,500 depending on the coin’s grade. If you’re looking for a particular date, it can be much, much more than that. “There are millions and millions of wheat pennies and most commonly they trade for three-to-five cents a piece. A good resource on Lincoln Wheat penny dates and values can be found HERE. If you’re interested in wheat pennies that are worth more money, Sorrick said you’ll need to have high-grade quality coins. Given the popularity of collecting Lincoln Wheat cents, there will always be a demand for quality coins. | Missouri’s Poorest City May Come As A Surprise >Īny wheat penny is worth at least four cents to most dealers. President Lincoln was chosen as a subject for the penny to commemorate the 100th anniversary of his birth. ![]() Brenner designed the coin under the direction of President Theodore Roosevelt, who was on a mission to redesign our nation’s coinage. ![]() The United States Mint first minted the Lincoln Wheat penny, or “Wheatie” as they are sometimes called, in 1909. The value really comes down to a few qualities on the coins,” said Dave Sorrick, coin expert and collector at “ In God We Trust, LLC.” Between both coins, there’s a lot of varieties, so a penny is not just a penny, they’re all unique. The other one that’s very popular is the old Morgan Silver Dollar. “Wheat pennies are one of the two most popular U.S. Before you go down the path of building a complete set of Lincoln Wheat pennies, there are a few things you’ll need to know. Rare coins such as the 1909-S VDB and 1914-D are the “Holy Grails” of any Lincoln Wheat cent collection. coins that coin collectors strive to build a complete set. JOPLIN, Mo - Lincoln Wheat pennies are one of the most popular series of U.S.
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