The Lincoln Wheat Penny, minted from 1909 to 1958, holds a special place in American numismatics. Its rich history and unique design have captivated collectors for decades. While many of these pennies are common, certain key dates and mint marks are particularly valuable.
Historical Overview
Introduced in 1909 to commemorate the centennial of Abraham Lincoln’s birth, the Lincoln Wheat Penny was the first U.S. coin to feature a president’s likeness. Designed by Victor David Brenner, the obverse showcases Lincoln’s profile, while the reverse displays two wheat stalks, symbolizing prosperity.
Key Dates and Their Significance
Several Lincoln Wheat Pennies are considered key dates due to their rarity and historical importance:
- 1909-S VDB: The inaugural year saw the inclusion of Brenner’s initials, “VDB,” on the reverse. The San Francisco Mint produced only 484,000 of these coins, making them highly sought after.
- 1914-D: With a mintage of 1,193,000, the 1914-D penny is scarce, especially in higher grades.
- 1922 No D: Due to a die error at the Denver Mint, some 1922 pennies lack the “D” mint mark, increasing their rarity.
- 1931-S: The Great Depression led to reduced coin production, resulting in only 866,000 pennies minted in San Francisco this year.
Value Guide
The value of a Lincoln Wheat Penny depends on its date, mint mark, and condition. Below is a table highlighting approximate values for some key dates in various grades:
| Year-Mintmark | Mintage | Good (G-4) | Fine (F-12) | Extremely Fine (EF-40) | Uncirculated (MS-60) |
|---|---|---|---|---|---|
| 1909-S VDB | 484,000 | $700 | $1,000 | $1,500 | $2,000 |
| 1914-D | 1,193,000 | $200 | $400 | $1,000 | $2,500 |
| 1922 No D | Unknown | $500 | $1,000 | $5,000 | $20,000 |
| 1931-S | 866,000 | $70 | $100 | $150 | $200 |
Values are approximate and can vary based on market demand and coin condition.
Collecting Tips
- Authentication: Due to the value of key dates, counterfeits exist. It’s essential to have coins authenticated by reputable grading services.
- Condition Matters: Higher-grade coins command premium prices. Proper storage and handling can preserve a coin’s condition.
- Stay Informed: The coin market fluctuates. Regularly consult updated price guides and auction results to stay informed.
Conclusion
The Lincoln Wheat Penny (1909–1958) is a cornerstone of American coin collecting, valued for its historical significance and key dates. Understanding its rarity and market value can enhance any collection.
By focusing on authentication, condition, and market trends, collectors can uncover hidden treasures and preserve these iconic coins for future generations.
FAQs
Its low mintage of 484,000 and the controversy over the prominent “VDB” initials make it highly sought after.
It refers to the absence of the Denver Mint’s “D” mint mark due to a die error, increasing the coin’s rarity.
Coin grading considers wear and condition. Consulting a professional grading service is recommended for accurate assessment.
Most 1943 pennies are made of steel and are common. However, rare copper 1943 pennies are extremely valuable.
Reputable coin dealers, auctions, and online marketplaces are common venues. Ensure you research and choose trustworthy platforms.
