What Is A 1922 Wheat Back Penny Worth?

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a-coin-question.jpgMary writes:

I have 1992 pennie it has a leave with a 3 inside the leave. I was wondering if it is worth anything?"

Answer below...


Very few wheaties (wheat back pennies) have much value, however a variety of the 1922 happens to be one that does.

Here's how to determine if your 1922 penny is worth 4 cents or 400 dollars.

That year the mint used 3 die pairs for the mint mark that had been totally worn out. As a result the 1st and 3rd dies produced what is called "weak D's" because the D mint mark on them was very weak and hard to see. A 1922 weak D penny is worth about $35 -$50 depending on the grade of the coin.

Now... die no. 2 was so worn out it produced 1922 pennies with no D at all. Collectors call this a "1922 plain" and it is worth quite a bit more, anywhere from $300 - $1,000 again depending on the grade of the coin. The regular 1922 D is worth about $10 and you should be able to see the D clearly and without a magnifying tool.

So to sum this up... 1922 D $10.00 / 1922 "weak D" $35.00 - $50.00 / 1922 "plain D" $300.00 - $1,000.

The "weak D" varieties you will usually need a magnifier to see. You might see or feel a small bump where the mint mark should be (right under the date).

Hope this post helps some of you.

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8 Comments

Tony said:

Yo, I was at work, and some older gentlemen handed me a wheat-back as change forhis rder, it's well circulated, but, it's from 1923... Under light, and mag glass, I see no marking, any value?

Joshua said:

Tony,

Unlike the 1922 "Plain" penny, which is worth nearly $1,000 in the lower circulted grades, the 1923 penny without markings (mint mark) is actually very common.

You say your is well circulated....It is likely worth around $1-2 or less, given the description of the coin.

Still though, that's a pretty neat trophy you received there!

jack king said:

ON THE 1922 NO D.WAS NOT WORN OUT DURING CLEANING THE D. WAS POLISHED OFF. A COLLECTOR OF THE 1922 NO D. STRONG REVERSE. I HAVE A AU50 PCGS GRADED 1922 PLAIN. THANKS JACK K.

keith moller said:

i found a 1922 xf+ in a 5000 wheat penny lot. The lot had alot of nice coins and was certainly not searched. the penny looks like a 1922 p to the naked eye but when i magnify it with alot of light i can almost see a d at a certain angle but i am not sure.

Jay said:

Ok, my mistake. It is a 1992 cent. Then it sounds like what you are describing is a post mint modification to the coin which makes it not worth much. I would be happy to examine it for you anyway if you can get close-up pictures of the front and back and e-mail them to xxmr.azzyxx@hotmail.com .

Mary Krause said:

No it is not a canadian it has Lincoln on it and
a leaf next to him it is a 1992 year
on the back side it has 1 and 8 above the one
cent

Jay said:

Could be. The 1922 Canadian pennies did have 2 leaves on the back, but I'm not aware that one of them has a 3 inside of it. Also, those pennies have CANADA imprinted on them in very large letters at the top and she didn't say it was a Canadian coin?

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