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Jay

What Is A 1922 Wheat Back Penny Worth?

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.




17 Comments

Christian,

I don't know what the town is like where you live, but if you want a sight-seen transaction, your best bet is to sell the coin to a coin dealer who operates with a local storefront.

If you are lucky enough to have more than one dealer nearby you, show your coin to a few dealers to get a bunch of different offers. That way, you may get a better price.

Do try and get a value on your coin BEFORE you sell. Check different coin reference and price guides to get some kind of idea on its value. That way, you will know when you are getting a lowball offer -- or a fair offer. I hope this advice helps you a little.

Good luck!

guys i have a 1922 plain no d penny and its in great shape.i want to cash it for what its worth but im not sure if sending it is a realy good idea. im the kind of person that actually wants to be there when they are checking so if theres something wrong they can show me rather than not be there and have them say its not a real one and then get anoher penny sent back. how can i get what its worth? any collectors here interested? my email is uncontroled1000@yahoo.com please email me if u want to buy it off of me

Joshua

Hi, Mary:

I understand your hesitation in sending a valuable coin away for examination! There are a few highly reputable coin certification services which have been safely handling, grading, and encapsulating rare coins for decades. These are highly trusted companies on which large investment firms and common, everyday collectors alike have long relied. Three of the top companies inlcude PCGS (Professional Coin Grading Service), NGC (Numismatic Guaranty Corporation), and ANACS (American Numismatic Association Certification Service). Fees for services generally range around $20-30 (not including insurance for your coin), and may require a dealer to submit the coins for you.

If you would rather not submit your coin at this time, you may want to check out a publication like "A Guide Book of Lincoln Cents." This book is highly informational and will lead you to some idea of how much your penny may be worth.

Good luck!

Joshua

Hi, Mary:

Even without seeing your coin, I can almost certainly tell you what you have: an ordinary 1943 steel cent that somebody (not the mint) plated with copper. While I won't speculate on the person's intentions, it is important to remember that genuine 1943 copper cents are valued at over $100,000!

You are right; a few copper blanks remaining in the machines at the mint is a highly probable explanation for how the genuine 1943 copper cents were made, but the U.S. Mint did not spray copper on pennies during that time. Copper plating began for U.S. cents in 1982, when the bulk a cent became zinc.

It is not unusual for one side of a coin to show more wear than the other side. This can occur just through normal handling of a coin; some people grasp coins in such a way that one finger holds the rim and the other finger will touch the face of a coin. Use in penny slots, sitting in a coin album, and rubbing only one face of a coin for luck are only a few of the many ways that your penny may have more wear on one side than the other.

Mary  Oden

I have a steel penny that is copper on both sides but the head side the copper has been worn off around the edges. Didn't they use the steel penny and spray copper on it during the making because there was still copper in the machine. The tail side does not show wear of the copper like the head side does. Is this just one of those rare deals where someone plated it. if so, why doesn't the tail side show steel.

Peggy

Hi Mary,

You story caught my eye and I am in the same situation as you. I have a 1922 penny (no D mark) that my father left me. Have you received any responses about your penny? I do not feel comfortable sending mine to anyone either. Would you please let me know if you have heard anything from anyone about yours?
Thanks,
Peggy

Mary

I am 53, I do have a no mint 1922 penny. my Father and Mother saved it and other coins for me..I have tried to locate someone to give info on the value of my coin.. I have pics .. But they want me to send them my coin.. so they can see it.. yeah right.. I have looked at several on the internet that say strong reverse ans good condition and my coin looks much better than them.. if anyone knows someone or can help please contact me.. thank you

john

Hey the 1923 wheat back pennie is worth $500 dollars tony i know someone who will buy it see i have a 1922 plain and regular wheat back total worth 200,000 plus but im keeping them in the shape their in so it will go up in the market so email me.... thug4life4eva@hotmail.com

BRUCE

I HAVE A 1920,1928,1935 ALL PLAIN. ARE ANY OF THESE COINS OF ANY REAL SIGNIFICANT VALUE YET?

Joshua

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!

Tony

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?

jack king

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

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

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

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

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?

I think Mary might have been trying to say a leaf with a 3 inside. I think she has a Canadian or a foreign penny.

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