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How Much is a 1937 Wheat Penny Worth? (Price Chart)

Collecting the wheat penny fructify is a great manner to get to know the world of numismatics. Coins with the image of the 16th American President, Abraham Lincoln, are in bang-up demand among collectors, particularly pieces in the mint state .
The US mints produced these pennies in bulge, making them low-cost and easily to find. still, all Lincoln pennies are worth more than their face measure due to the diachronic and collector ’ randomness importance. Let ’ s see what a 1937 penny value is and the factors that determine it .

1937 Penny History

Three US mints produced a total of 394,109,320 Lincoln pennies in 1937. Many of them survived up to nowadays, and finding them is not a challenge. The Philadelphia mint struck the major mintage partially with 309,170,000 regular and 9,320 proof coins .

1937 Lincoln penny value*

Location Year Minted
Philadelphia 1937 309,170,000
Philadelphia 1937 proof 9,320
San Francisco 1937 S 34,500,000
Denver 1937 D 50,430,000
Total / 394,109,320

The 1937 penny is a separate of the Lincoln ( Wheat ) penny series, issued from 1909 to 1958. All accredit for designing this $ 0.01 coin goes to sculptor Victor David Brenner .
He created it by the directive of the 26th US President Theodore Roosevelt to commemorate the two-hundredth anniversary of Abraham Lincoln ’ s birth .

1937 Lincoln penny
Face value $0.01
Compound Copper (95%), tin and zinc (5%)
Coin weight 0.10970 ounces (3.11 g)
Coin diameter 1.5 inches (38.1 mm)
Coin thickness 0.07677 inches (1.95 mm)
Shape Round
Edge Plain

The 1937 Wheat penny owes its name to the inverse side invention. Brenner ’ mho estimate included ONE CENT denomination in the center part with two wheat stalks around it .
A latin scratch E PLURIBUS UNUM is above the appellation, while the dedication UNITED STATES OF AMERICA is on the mint bottom .
The coin obverse cardinal part occupies the Lincoln broke. You can see two engravings on this coin side, the motto IN GOD WE TRUST and the news LIBERTY future to the date .

1937 Penny Types

The 1937 Lincoln penny is not a silver mint, so it is without a melt value. Its composing makes copper, tin, and zinc, making its prize low in most grades. The exceptions are pieces in the mint submit .

1937 Lincoln penny value*

Quality 1937 1937 S 1937 D
Good $0.17 $0.17 $0.17
Very good $0.2 $0.2 $0.2
Fine $0.3 $0.3 $0.3
Very fine $0.6 $0.45 $0.45
Extra fine $1.1 $1.1 $1.1
AU $2.3 $3.3 $3.3
MS 60 $3.3 $5.7 $5.7
MS 65 $4.5 $11 $9.1
PR 63 $74 / /

* by USA Coin book
On the other hand, a whole Wheat penny laid can bring you some money. Most mint dealers will pay over $ 100 for it .

1937 Lincoln penny no mint mark

1937 Lincoln penny no mint mark1937 Lincoln penny no mint mark
As I have already mentioned, the Philadelphia mint struck most of the 1937 total coinage. none of these coins have the batch mark because the P letter first appeared on Jefferson nickels during WWII .

1937 Lincoln penny value*

Year Quality
Good Fine Extra fine Uncirculated
1937 $0.15 $0.3 $1 $2
1937 S $0.15 $0.3 $1 $3
1937 D $0.15 $0.25 $1 $3

* by JM Bullion
Most of the 1937 Lincoln pennies were in circulation, so they frequently come with numerous scratches and stains .
That is the main cause why their rate rarely exceeds $ 1. however, there are exceptions. One 1937 MS 68 Lincoln penny reached a record value of $ 7,200 in 2019 .

1937 proof Lincoln penny

1937 proof Lincoln penny1937 proof Lincoln penny
In addition to even coins, the Philadelphia mint was the alone one to hit proof coins. The mint produced them entirely with numismatists on take care, so those pennies never went into circulation .
They typically have a higher luster, better-defined lines, and were struck stronger than the regular pieces. No wonder many collectors are looking for them, and their value is much higher than circulated ones .
According to the PCGS, the 1937 PR 67 proof Lincoln penny ’ second record value is an impressive $ 24,675 .

1937 S Lincoln penny

1937 S Lincoln penny1937 S Lincoln penny
You can promptly sort out 1937 Lincoln pennies produced in San Francisco from others. All you need to do is look for the S mint sign on the obverse slope, close to the coinage go steady .

1937 Lincoln penny value*

Year Quality
Good Fine Extra fine Uncirculated
1937 $0.04 $0.04 $0.05 $3
1937  S $0.04 $0.04 $0.15 $3
1937  D $0.04 $0.04 $0.15 $4

* by CoinStudy
The San Francisco mint struck only 34,500,000 Lincoln pennies in 1937. however, that doesn ’ deoxythymidine monophosphate mean their value differs much from pieces produced in Philadelphia .
Some coin dealers slightly advantage pennies with the S mint notice over others produced that year. The deviation is typically 5 to 10 cents, but the 1937 S penny auction phonograph record is entirely $ 2,350 .

1937 D Lincoln penny

1937 D Lincoln penny

1937 D Lincoln penny
The Denver mint produced coins with the D mint distinguish struck below Lincoln ’ randomness flop. The difference between the D and S penny values is about non-existent .

1937 Lincoln penny value*

Quality 1937 1937 S 1937 D
Very good $0.5 $0.5 $0.5
Very fine $1 $1 $1
Extra fine $1.5 $3 $2
AU 55 $2 $4 $3
AU 58 $3 $5 $7
MS 60 $5 $10 $15
MS 63 $35 $22 $18
MS 64 $60 $25 $40
MS 65 $74 $84 $109
MS 66 $84 $161+ $138

* by COIN HelpU
only a few of over 50 million Lincoln pennies minted in 1937 come cheeseparing to the record value of 2006. That year, one collector bought a 1937 D MS 68 specimen for $ 17,250 .

1937 Penny Rarities

1937 Penny Rarities1937 Penny Rarities
once mints start to produce coins in bulk, mistakes are inevitable. You can find several rarities and erroneousness coins in the 1937 Lincoln penny series, careless of the mint that made them .
Double die – You can see some of the letters or design detail doubled on a few 1937 Lincoln pennies. This double die erroneousness occurred when the hub pressed the mint twice but at a different slant .
The inscription IN GOD WE TRUST on both 1937 and 1937 S pennies have this mistake relatively frequently, and such coins are worth a little more than $ 10 .
The Denver mint besides struck double die coins that year, but the double print is on the Latin phrase E PLURIBUS UNUM .
Off-center error – Another common err during coin production was misaligned strickle. In this case, the wholly blueprint was present but slightly to the slope. many collectors specialize in this kind of coins, and they gladly pay up to $ 100 for an off-center 1937 Lincoln penny .
Other rarities – Less frequently, you can come across other rare 1937 Pennies, like those with the re-punched mint sign. Coins with double or even triple letters are worth around $ 5 .
There are besides pieces with die cracks, clipped planchet, or fail chips. Any of them can bring you $ 10 to $ 20, depending on the grad .

1937 Penny Grading

1937 Penny Grading1937 Penny Grading
Although most 1937 Lincoln pennies were in circulation, there are many differences between coins in assorted grades. As always, their conservation is the crucial component determining the measure .
Uncirculated – The original shininess is practically intact on an uncirculated coin. All details are perfectly preserved, but some discoloration may appear over time .

1937 Lincoln penny value*

Quality 1937 1937 S 1937 D
Good $0.1 $0.1 $0.1
Very good $0.15 $0.15 $0.15
Fine $0.2 $0.25 $0.2
Very fine $0.25 $0.4 $0.35
Extra fine $0.75 $0.75 $0.75
Uncirculated $0.85 $1.4 $1.5
Brilliant Uncirculated $1.25 $1.6 $2.25

* By Hobbizine
Extra fine – Some collectors snatched these coins after a short period of circulation. consequently, you can notice alone a few scratches on their surface and slender color changes .
The President ’ s bow and lines in his hair are still visible, but there are typically flatcar areas on letters and his coating .
Fine – This coin was in circulation for decades, and both its sides show meaning signs of wear .
You can detect numerous scratches and stains on the surface while the letters are about flat. even, they are clear, and you can besides see the coinage year. On the early hand, all delicate details, like a hairline, are gone, and wheat is about unrecognizable .

1936 Lincoln penny value*

Quality 1936 1936 S 1936 D
Good $0.11 $0.18 $0.2
Very good $0.25 $0.2 $0.3
Fine $0.3 $0.3 $0.3
Very fine $0.6 $0.5 $0.4
Extra fine $1.2 / $1
AU $1.9 / $5.7
Uncirculated $6.7 $12 $6.1

* by Numista
Good – The beginning thing you will notice about this mint is its flatness. The whole design is fluent, and the brim is no longer clearly separated from the mint field. Most engravings are hardly clear, while some letters are practically disappeared .
The solid President ’ south break is one motivation with no finely details on his face and calculate. Although novice collectors may keep this coin, it is not a particularly desirable part.

Summary

The three mints produced Lincoln pennies in 1937, and most are not worth much except specimens in the mint state. however, DDO and early error pennies can bring you tens of dollars even though they spent meter in circulation. Keep in mind that such pieces are barely, and most collectors look for them regardless of condition .

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