Lincoln Pennies (1909-1958)
The ever popular Lincoln wheat penny was first gear produced by the U.S. Mint in 1909. While the original edition pennies from 1909 can have meaning collectible value, other editions of the Lincoln penny can be highly desired by mint collectors equally well. A 1933-D, for exercise, may be valued at $ 2.30 or more. A 1931-S could be worth $ 40 or more. obviously, some mint years may be worth well more than others, while the minting placement may besides play a function in the value of a penny .
In addition to the penny ’ s mint class and edition, the coin ’ s overall condition is crucial when it comes to determining its respect. Coins that have been well-preserved over the years can be valued significantly higher than exchangeable coins that have wear and tear or damage .
Lincoln Penny Value – What Dealers Pay
Both coin dealers and coin collectors are will to pay a higher premium for Lincoln Wheat Pennies that are in superior condition and of a higher grade. In fact, the values of collectible wheat pennies in good condition can range from several dollars to over $ 1000. If you have a Lincoln Wheat Penny in capital condition from a year that is sought after by dealers and collectors, you may benefit from having your penny graded by an NGC or PCGS grading military service .
By having your penny graded, you may be able to get a closer idea as to what your penny may be bought or sold for. The grade serve is extremely exhaustive and may account for even very insidious grading points while besides considering collector and principal demand.
Lincoln Wheat Penny Value is Conditional
To accurately gauge the class of your Lincoln Wheat Penny, you must perform a cheeseparing examination of the mint. One simple manner to do this is to examine the wheat stalks on the mint ’ sulfur reverse. If the parallel lines at the exceed of the wheat stalk are showing, the coin is likely in fine or even better condition. If the penny has experienced significant wear and tear due to handling over the years, there is a estimable gamble these lines at the tops of the stalks will be worn down or even non-existent. In this character, the coin may be considered to be in good or a lesser condition. If the lines at the tops of the wheat stalks remain crispen, clear and robust, the coin may be in highly fine condition. Of path, the coin ’ s early details must besides be in excellent condition to be assigned a degree of extremely ticket, with little to no signs of wear or erosion .
The bottom pipeline is this : The better the overall condition of your Lincoln Wheat Penny, the more desirable it may be for dealers and collectors, and thus the more valuable .
Coin Grading Can Provide Peace of Mind
If you have a Lincoln Wheat Penny that is in excellent discipline and you are not surely how it might be graded, submitting your mint to NGC or PCGS to have it professionally graded may be a good estimate. Coin grading services are in tune with the market and can give you a capital idea as to how your Lincoln Wheat Penny may be valued. The small tip you incur for having your penny graded can be well-worth it to know you are getting average grocery store value for your mint if you wish to sell it. Coins that have been graded typically sell for higher premiums than non-graded coins, then your investment in grading may pay for itself.
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Mintmarks and the 1909 VDB
An “ S ” mintmark found under the date of a Lincoln Wheat Penny indicates that the penny was minted by the San Francisco Mint. Collectors desire these coins and they may trade for higher premiums than coarse date wheat cents .
A “ D ” under the date indicates that the penny was minted in Denver, while miss of a mintmark indicates that the penny was minted in Philadelphia .
Mint year 1909 besides produced some pale yellow pennies with the couturier ’ south initials, “ VDB ” for Victor D. Brenner. These initials may be found along the bottom rim of the coin just below the wheat stalks. Because fewer pennies were minted with the engraved initials, check your 1909 Lincoln Wheat Penny to see if it has the VDB scratch.
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Lincoln Wheat Penny Values Are Rising
The value of your Lincoln Wheat Penny is always changing and may increase over the years. This can happen for numerous reasons such as modern collectors buying these coins or established collectors adding to their collections. In accession, new varieties such as double-dies or over-dates may be discovered adding to the tempt of Lincoln Wheat Pennies.
All Market Updates are provided as a third party psychoanalysis and do not inevitably reflect the explicit views of JM Bullion Inc. and should not be construed as fiscal advice .