Wheat pennies, minted from 1909 to 1958, are cherished by collectors for their historical significance and unique designs.
While many are common, certain rare specimens can command substantial prices, with some fetching hundreds of thousands of dollars at auctions.
Below is a curated list of ten valuable wheat pennies that you might still encounter today, including one remarkable coin valued at $700,000.
1. 1943-D Bronze Cent
During World War II, the U.S. Mint shifted from copper to zinc-coated steel for penny production to conserve copper for the war effort.
However, a few bronze planchets were mistakenly used in 1943. The 1943-D bronze cent, minted in Denver, is exceptionally rare, with only one known example.
This coin fetched $840,000 at auction, making it one of the most coveted wheat pennies.
2. 1944 Steel Cent
In 1944, the Mint returned to using copper for pennies, but some steel planchets from the previous year were accidentally used.
The 1944 steel cent is exceedingly rare, with only a few known specimens. One such coin sold for $408,000, highlighting its significant value to collectors.
3. 1958 Doubled Die Obverse (DDO)
The 1958 DDO penny features a prominent doubling of the obverse inscriptions, a result of a die error.
Only three examples are known, making it extraordinarily rare. One of these coins achieved a sale price of $336,000, underscoring its rarity and desirability.
4. 1943-S Bronze Cent
Similar to the 1943-D bronze cent, the 1943-S (minted in San Francisco) is another rarity resulting from the accidental use of bronze planchets.
Approximately five to six specimens are known. One such coin sold for $504,000, reflecting its immense value.
5. 1909-S VDB Lincoln Cent
The 1909-S VDB penny is notable for its low mintage of 484,000 coins and the inclusion of designer Victor David Brenner’s initials (“VDB”) on the reverse.
Its scarcity and historical significance make it highly sought after, with pristine examples selling for over $100,000.
6. 1914-D Lincoln Cent
The 1914-D penny, minted in Denver, had a relatively low mintage of 1,193,000 coins. Its scarcity, especially in high grades, makes it valuable, with top-condition specimens fetching up to $158,625.
7. 1922 No D Strong Reverse
In 1922, all Lincoln cents were produced at the Denver Mint, and should bear a “D” mint mark.
However, some coins were struck without the mint mark due to die polishing errors. The “No D” variety with a strong reverse is particularly valuable, with prices reaching up to $82,250.
8. 1931-S Lincoln Cent
The 1931-S penny had a low mintage of 866,000 coins during the Great Depression. Its scarcity makes it desirable among collectors, with high-grade examples selling for up to $18,600.
9. 1955 Doubled Die Obverse
The 1955 DDO penny exhibits a dramatic doubling of the date and inscriptions on the obverse, making it one of the most famous error coins.
Approximately 24,000 were released into circulation. High-grade specimens can command prices up to $114,000.
10. 1943 Bronze Lincoln Cent
The 1943 bronze cent from the Philadelphia Mint is another result of the accidental use of bronze planchets during steel penny production.
About 10-15 examples are known. One such coin sold for $372,000, highlighting its rarity and value.
Below is a table summarizing these valuable wheat pennies:
| Year | Mint Mark | Error/Variety | Estimated Value |
|---|---|---|---|
| 1943 | D | Bronze Planchet | $840,000 |
| 1944 | None | Steel Planchet | $408,000 |
| 1958 | None | Doubled Die Obverse | $336,000 |
| 1943 | S | Bronze Planchet | $504,000 |
| 1909 | S | VDB Initials | $100,000+ |
| 1914 | D | None | $158,625 |
| 1922 | None | No D, Strong Reverse | $82,250 |
| 1931 | S | None | $18,600 |
| 1955 | None | Doubled Die Obverse | $114,000 |
| 1943 | None | Bronze Planchet | $372,000 |
FAQs
1. What makes a wheat penny valuable?
Several factors contribute to a wheat penny’s value, including rarity, minting errors, historical significance, and condition. Coins with low mintages, unique errors, or those in exceptional condition are typically more valuable.
2. How can I determine if my wheat penny is rare?
Examine your penny’s year, mint mark, and condition. Look for rare errors like doubled dies, missing mint marks, or unusual planchet materials. Consulting a coin price guide or a professional appraiser can help identify its rarity.
3. Why is the 1943 Bronze Cent so valuable?
The 1943 Bronze Cent is valuable because it was a mistake during World War II when the U.S. Mint switched to steel planchets. Only a handful of bronze planchets were accidentally struck, making it an extremely rare and sought-after coin.
4. What is the best way to preserve wheat pennies?
To preserve wheat pennies, store them in coin holders, albums, or protective cases. Avoid cleaning them, as this can damage the coin’s surface and decrease its value. Keep them in a dry, temperature-controlled environment.
5. Where can I sell my valuable wheat pennies?
You can sell your valuable wheat pennies at coin shows, auction houses, online marketplaces, or to professional coin dealers. Ensure you have your coin authenticated and graded by a trusted service like PCGS or NGC to maximize its value.
Value of 1926 Quarter