Quick Answer: What Is The Rarest Wheat Penny?

How much is a 1944 wheat penny worth?

CoinTrackers.com has estimated the 1944 Wheat Penny value at an average of 15 cents, one in certified mint state (MS+) could be worth $6.

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Why is the 1944 wheat penny so valuable?

The 1944 Lincoln penny is particularly desirable in the eyes of collectors not only because of its design, but also due to its scarcity. Being that there are no more 1944 Lincolns being produced, the scarcity of these coins is constantly on the rise, thus making the coins more valuable.

What makes wheat pennies valuable?

Most wheat cents (wheat pennies were minted between 1909 and 1956) are worth about 4 to 5 cents. Those in better condition can have double-digit value. Special examples (especially those in near perfect condition) can be worth much more. Indian Head pennies from 1859 to 1879 are generally worth more than $10.

What Penny is worth millions?

A man’s rare penny he kept for decades could be worth over $1 million. A penny is only worth a cent, but not one found in Massachusetts in 1947. Fewer than 20 of the rare 1943 Lincoln pennies were ever made– and that was due to an error.

Are wheat pennies worth saving?

All Wheat Pennies are worth more than their face value of . 01 cent. A good rule of thumb is that they are worth at least 3 or 4 cents even in poor condition, but those in good condition (not including special years) are worth at least double digit dollars ($10 or more) when purchased or sold in MS-63 condition.

How can you tell if a coin is rare?

Just because a coin is old doesn’t make it valuable.How to Know If You Have a Valuable Coin (and What to Do About It If You Do) … Consult the ‘Coin Bible’ … Look for Errors. … Look at Mint Marks. … Look for Fakes. … Do Your Research. … Organize Your Collection. … Have Your Coin Appraised.More items…•

What year wheat penny is worth $1000000?

A 1943 Lincoln penny that soared in value because it was made from the “wrong” material reportedly has sold for $1 million.

What is the rarest penny and how much is it worth?

Small Pieces of Copper Worth Huge Amounts of Money Some little pieces of copper can be worth some very large dollar amounts. For the world’s rarest and most coveted pennies in the world, values are well over $100,000 and approaching $2 million. Rarity is a significant factor in determining a penny’s value.

What wheat pennies are most valuable?

25 Most Valuable US Pennies1.) 1944 Steel Wheat Penny – Worth $110,334.2.) 1943 Copper Wheat Penny – Worth $85,782.3.) 1873 Indian Head Penny – Worth $10,000.4.) 1914 D Wheat Penny – Worth $5,500.5.) 1922 D Wheat Penny – Worth $5,000.6.) 1877 Indian Head Penny – Worth $3,200.7.) 1926 Wheat Penny – Worth $3,000.8.)More items…

How much is a rare wheat penny worth?

Here’s a list of the top 25 most valuable pennies: 1943-S copper Lincoln Wheat Penny, $185,000 – The 1943-S copper cent is the one of the most valuable small cents, with one example having sold for a cool $1 million at an auction in 2012.

Why is a 1943 penny so valuable?

About 40 copper pennies were struck in 1943. One possible reason for this is because the copper plates were accidentally left in a few machines. While the 1943 steel pennies are worth a few bucks, the rare copper version is worth more.

How much is a 1943 steel wheat penny worth?

Value of a 1943 Steel Penny They are worth about 10 to 13 cents each in circulated condition, and as much as 50 cents or more if uncirculated.