Although a wheat penny’s face value is one cent, all wheat pennies are worth more than their face value. Even those in poor condition are worth at least 3 or 4 cents, and some can be worth six figures. Most wheat pennies in good condition will be worth about $10 on average and are fairly easy to find and purchase.
On a personal note we just love searching penny rolls for wheat and indian head pennies. Wheat pennies are still readily found in circulation and because of the relative price of just $25 for a box of these coins, they are cheap and will keep the coin roll searcher on his or her toes. The Wheat Penny is also known by colelctors as the Wheat Cent.
What is the value of a wheat penny?
The wheat penny is a classic iconic early 21st century American coin with a face value of 1 cent that was minted from 1909 to 1956.
A common inquiry we ran across in our research was “How much is a 1918 wheat penny worth?”.
The initials would be brought back in 1918, but they were much smaller and were placed on the front of the coin near Lincoln’s shoulder. Although a wheat penny’s face value is one cent, all wheat pennies are worth more than their face value. Even those in poor condition are worth at least 3 or 4 cents, and some can be worth six figures.
What are the Lincoln Wheat pennies?
The first Lincoln head pennies debuted what became known as the Lincoln wheat penny, which featured two wheat stalks framing the writing on the reverse side. This article will answer the two key questions about the wheat pennies: What are the most valuable wheat pennies, and what are the wheat pennies to look for ?
History of the Lincoln Wheat Penny. The United States Mint first minted the Lincoln Wheat penny, or ” Wheatie ” as they are sometimes called, in 1909. Victor D. Brenner designed the coin under the direction of Pres.
You could be asking “What is the back of a wheat penny called?”
Some think that the back of the coin has “ONE CENT” surrounded by wheat stalks on either side. These pennies are commonly called ” wheaties ” or “wheat backs.” The coin was designed by Victor David Brenner and replaced the design for the Indian Head penny. In 1909, there were only 284,000 1909 S VDB wheat pennies produced.