The Value of Wheat Pennies by Year: Wheat pennies are one of the most beloved and collected coins in American history. Minted between 1909 and 1958, these coins feature a portrait of Abraham Lincoln on the front and two wheat ears on the back—hence the name. Though most wheat pennies are only worth a few cents over face value, some are highly valuable due to their rarity, condition, and historical importance. This guide will help you understand what makes these coins special and how to know their worth by year.
What Are Wheat Pennies?
Wheat pennies, officially known as Lincoln cents, were first introduced in 1909 to celebrate Abraham Lincoln’s 100th birthday. They replaced the Indian Head cent and marked the first time a U.S. president appeared on a coin. The wheat ears on the reverse side symbolize prosperity and were a simple but classic design. Over time, the U.S. Mint replaced the wheat ears with the Lincoln Memorial in 1959.
Why Do Some Wheat Pennies Have More Value?
While most wheat pennies are common, certain years and mint marks are much rarer than others. Coins made in smaller quantities, especially those from the San Francisco (S) and Denver (D) mints, tend to have more value. Errors, double stamps, or coins in mint condition can also significantly increase their worth. Condition is especially important—a coin that looks almost new can be worth much more than one that is worn out.
Understanding Mint Marks
A mint mark tells you where a coin was made. You’ll usually find it under the date on the front of the penny. A “D” stands for Denver, an “S” means San Francisco, and if there is no mint mark, it was made in Philadelphia. Some years had very limited runs at certain mints, which is why collectors pay more for those versions.
Rarest Wheat Pennies to Watch For
Among all the wheat pennies, a few stand out as rare treasures. The 1909-S VDB is one of the most famous and sought-after coins because it was the first year of production, and only a small number were made with the designer’s initials (VDB) visible. Another rare coin is the 1914-D, which had a low mintage, making it hard to find today. Coins like these in excellent condition can be worth hundreds or even thousands of dollars.
How Condition Affects Value
Coin collectors use a grading system to judge condition. Grades range from “Good” (G) to “Uncirculated” (UNC) or “Mint State” (MS). A wheat penny in Good condition may only be worth a few cents, but the same coin in Mint State could sell for several dollars—or more if it’s a rare year. Keeping coins in protective cases can help preserve their condition.
Wheat Penny Values by Year
The following table gives you a general idea of what different wheat pennies might be worth. Keep in mind, values can change based on condition and market demand.
| Year | Mint Mark | Approximate Value (Good – Mint State) |
|---|---|---|
| 1909 | S VDB | $700 – $2,500+ |
| 1914 | D | $200 – $3,000+ |
| 1922 | No D | $300 – $2,000+ |
| 1931 | S | $75 – $200+ |
| 1943 | Copper | $100,000+ (extremely rare) |
| 1955 | Doubled Die | $1,000 – $15,000+ |
| 1958 | D | $0.05 – $1.00+ |
How to Start Collecting Wheat Pennies
If you’re interested in collecting wheat pennies, a good place to start is by checking your loose change, asking family members, or visiting coin shops. You can also buy coin rolls online to search through. Coin albums are helpful for organizing your collection by year and mint mark. Over time, you’ll learn to recognize rare features and improve your skills as a collector.
Where to Sell or Get Coins Appraised
Once you find a valuable wheat penny, you might want to sell it or at least know its true worth. Local coin dealers, auction houses, and online platforms like eBay are all places where you can sell coins. For rare or high-value coins, it’s wise to get them graded by a professional grading service like PCGS or NGC to confirm their authenticity and condition.
Final Thoughts
Wheat pennies are more than just old coins. They are pieces of American history that can be fun and rewarding to collect. Whether you’re a beginner or a serious numismatist, knowing which years are valuable and understanding what affects a coin’s price can help you build a meaningful and possibly profitable collection.
FAQs
What is the most valuable wheat penny?
The 1943 copper wheat penny is one of the rarest and can be worth over $100,000 if genuine.
Are wheat pennies still in circulation?
You might find one occasionally, but they are mostly out of everyday circulation and found in old collections or coin rolls.
Can I clean my wheat pennies to make them look better?
No. Cleaning coins can actually lower their value. Collectors prefer coins in original condition, even if they’re dirty.
Do all old pennies have value?
Not always. Many wheat pennies are common and only worth a few cents, but certain dates and mint marks can be worth much more.