I have several hundred wheat pennies, with dates in the 50's, 40's, 30's, 20's, and have a 1909. The 1909 does not have the initials on the back. Could you tell me if it is worth anything, and what would the collective value of the wheat pennies be? Thank you."
Answer below...
A good percentage of the people posting questions here want to know the values of their wheat back pennies, which collectors call "wheaties".
So here is the run-down on wheaties...
The Value Of Wheat Pennies
1930's wheaties and earlier are worth 10 cents to 30 cents.Almost all of the 1940's and 50's wheaties are worth 4 cents to 10 cents, depending on the grade of the coins.
Here are the exceptions:
1955 Double Die -- Some of the 1955 wheat cents were struck from improperly prepared dies that show a fully doubled outline of the 1955 date. The 1955 double die books for about $1,200.
Learn more about the 1955 double die penny .
1931 S -- Only due to very low mintage this coin books for around $75.00.
1924 D -- Low mintage worth $20.00.
1922 -- Three varieties which I have explained in this article.
1914 D -- Over a million were minted, but it still books for around $200.00.
Now we come to a whole new little section...the 1909 wheat cents and what to look for.
About Those 1909 Wheat Pennies
1909 was the first year the wheat cents were issued. The designer of this penny was Victor D. Brenner.When the 1909 coins were first struck, they had Brenner's initials on the reverse and are known as VDB cents. However, his initials were removed mid-way through production and not re-instated again until 1918 when they were switched to the front instead of the reverse side. So we ended up with 1909 VDB's,1909 S VDB's,1909's without VDB,and 1909 S's without VDB. There were a lot fewer of these coins minted at the San Fransisco mint -- which makes the S's worth quite a bit more.
- The 1909 with no VDB is worth about $2.00.
- The 1909 S with no VDB is worth about $80.00.
- The 1909 VDB is worth about $10.00.
And then there is the 1909 S VDB... KING OF THE WHEATIES. One of the most sought-after cents of any collector. There were less than 490,000 of them minted, and this bad boy books anywhere from $650.00 to $2,200 depending on the grade.
Where To Look For The VDB Mark
You will find the VDB letters on the back side of the coin -- at the very bottom -- near the rim. The VDB was printed very small and coins become worn over the years, so if you have a 1909 you might want to look closer with a magnifying glass.Here is a picture of the 1909 S VDB cent. Can you see the VDB initials at the bottom near the rim?
There are a few other wheats that book for more than just a few cents.
They are:
1933 D - $2.00
1932 - $1.50
1931 D - $3.00
1926 S - $2.25
1923 S - $2.00
1916 S - $1.20
1915 S - $7.00
1915 D - $1.75
1915 - $1.60
1914 S - $12.00
1913 S - $7.00
1913 D - $2.50
1912 S - $12.00
1912 D - $6.00
1912 - $1.25
1911 S - $18.00
1911 D - $5.00
1910 S - $8.00![]()
The average buying price for any wheaties (other than the ones I have listed in this article) is about 4 cents each.
This should answer most of the wheat cent questions.
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Hey, I have a 1923 wheat-back, that appears to have no markings. It's well circulated, and I was given it as change.
Any value, and how much?
I have a nickel dated 1942 and it has an "S" at the top on the back. Is this worth anything.
Thank you.
Juan:
A 1923-S penny, if free from damage, should bring you at least $1.50 to $2 if you brought it to a coin dealer. The less wear the penny has, the more it will be worth. It should bring you at least $150 if it is uncirculated (no wear at all).
M.M.W.:
1952 and 1956 pennies really have to be uncirculated (no wear) for them to be worth any more than 2 or 3 cents each. If uncirculated, they are worth closer to 20-30 cents or more each (more if in really well-preserved unciculated condition without spots, nicks, or other imperfections).
Great site and Thank-You for the free info...
Stay Blessed, Lisa
can someone please tell me what the value of a 1907 indian head wheat pennie is worth.
i have a 1923 wheat penny minted with an S under the date does it have any value