As far as business-strike Lincoln Memorial pennies, the kind struck for circulation (and lacking errors), the short answer essentially is no — Lincoln Memorial pennies generally are not valuable. In fact, typical pieces are worth only face value if worn, and only a tiny premium if in average uncirculated condition, except for a few cases.
In general, most wheat pennies are worth just a few cents (perhaps 10 cents). However, if worn and of a highly common date and mint mark combination, many wheat cents are quite valuable. In fact, some of the scarcest wheat cents are downright expensive — costing into the hundreds of dollars in the most worn condition. Here’s the scoop.