Wheat pennies — those iconic Lincoln cents minted from 1909 to 1958 — are among the most popular coins in American numismatics. Recognizable by the twin stalks of wheat on the reverse side, these coins have captured the fascination of collectors for over a century. While most wheat pennies are worth only a few cents over face value, some rare issues can command thousands of dollars — or more.
This guide breaks down wheat penny values by year, highlights key dates, and explains what makes certain coins so valuable.
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What Are Wheat Pennies?
Wheat pennies were the first coins to feature a U.S. president — Abraham Lincoln — and were introduced in 1909 to commemorate his 100th birthday. The reverse design, featuring two stylized wheat stalks and the motto “ONE CENT,” was created by designer Victor D. Brenner.
These coins were minted until 1958, after which the reverse was changed to the Lincoln Memorial.
Wheat Penny Values by Year
Below is a general overview of wheat penny values, categorized by year. Values assume coins in average circulated condition; uncirculated or proof coins may be worth significantly more.
| Year | Mint Marks | Common Value (Circulated) | Key Details |
|---|---|---|---|
| 1909 | No mint, S, S VDB | $3 – $1,000+ | 1909-S VDB is the king — worth $700 to $2,500+ |
| 1910–1915 | No mint, D, S | $0.20 – $10 | Look for low mintage S-mint coins |
| 1914 | No mint, D, S | $0.50 – $4,000+ | 1914-D is extremely rare: $250 – $4,500 |
| 1916–1919 | All | $0.10 – $3 | High production, but S-mints worth more |
| 1920–1929 | All | $0.10 – $2 | 1922 has a “No D” error worth up to $1,000 |
| 1930–1933 | All | $0.10 – $1 | Mostly common years |
| 1934–1939 | All | $0.05 – $0.50 | Look for uncirculated condition |
| 1940–1943 | All | $0.05 – $0.75 | 1943 Steel cents are common, but 1943 copper is extremely rare — worth up to $100,000+ |
| 1944–1946 | All | $0.05 – $1 | Look for 1944 steel errors |
| 1947–1958 | All | $0.03 – $0.25 | Most are common but still collected |
Key Wheat Penny Rarities
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1909-S VDB – Only 484,000 minted. Highly sought-after and often counterfeited.
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1914-D – Scarce due to low mintage and heavy circulation. Valuable even in poor condition.
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1922 No D – A Denver mint coin struck with a worn die, giving the appearance of no mintmark. Rare and valuable.
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1943 Copper Penny – A few copper blanks were mistakenly used during the steel production year. Fewer than 20 are known to exist.
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1955 Double Die Obverse – A dramatic doubling of the date and lettering on the front. Highly collectible.
How to Identify and Value Your Wheat Pennies
To determine your wheat penny’s value:
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Check the Date and Mint Mark: The mint mark appears under the date (D for Denver, S for San Francisco).
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Inspect the Condition: Coins are graded on a scale from Poor (P-1) to Mint State (MS-70). The better the condition, the higher the value.
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Look for Errors: Misstrikes, double dies, and off-center coins can be worth many times more.
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Use a Coin Guide or App: Trusted references like the Red Book or online coin databases can help with identification.
Tips for Collectors
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Start with Circulated Sets: You can often find common wheat pennies in coin rolls or antique shops for just a few cents each.
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Buy from Reputable Sources: When purchasing rare coins, ensure authentication and grading by professionals (PCGS or NGC).
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Store Properly: Use acid-free holders or coin flips to protect from moisture and damage.
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Join a Community: Coin shows, forums, and clubs can offer insight and trading opportunities.
Final Thoughts
Wheat pennies offer more than just face value — they’re a glimpse into American history. Whether you’re a new hobbyist or a seasoned numismatist, understanding their value by year can help you build a rewarding collection and maybe even uncover a hidden gem.
So next time you spot a penny with two wheat stalks on the back, don’t toss it aside — it might just be worth far more than a cent.
Disclaimer: Coin values fluctuate based on market demand and grading accuracy. Always consult a certified expert for appraisals.