What’s The Value Of Wheat Pennies? Find Out How Much All Wheat Pennies From 1909 To 1958 Are Worth!

Wheat Penny Values Guide

“What’s the value of my wheat pennies?”

That’s the main question I keep getting here at The Fun Times Guide to Coins. And I’m glad this is so, because Lincoln cents have long been my specialty. 

In fact, that’s the first coin I ever collected. And, to this day, that’s the coin that I still focus my coin collecting efforts on.

When I was a new coin collector I, too, used to wonder what the value of wheat pennies was — simply because they’re obsolete coins that by the very nature of their being old are not seen in circulation very often anymore.

In fact, my first coin was a 1941 penny, with a value that was far less than I would’ve imagined for a coin so old (around 10 cents).

But I learned that not all wheat cents are worth so little. Many are worth quite a lot more than that.

In fact, some scarce wheat pennies are worth close to $1,000 apiece!

Still, though, you want to know what the value of your wheat pennies is.

If for nothing else than to satisfy your curiosity, this Lincoln wheat penny coin value guide is for you.

So, without further ado, here is information about the value of wheat pennies today. I hope you’re sitting down… yours may be worth the big bucks!

Wheat Penny Values Today

*Wheat pennies are assumed to be in grades of Good-4 (heavily worn with only a few major details showing). Values are based on several sources, including information from A Guide Book of United States Coins by R.S. Yeoman, and PCGS online price guide.

IMPORTANT: What Is The Grade Of Your Wheat Penny?

To determine the value of your wheat penny, you first need to know what condition (or grade) your coin is in.

Grab a coin magnifier and a copy of the U.S. Coin Grading Standards book. Then, watch this video to see how to grade coins yourself at home:

These coin grading apps make grading coins yourself even easier.

The Bottom Line

As you can see, the value of your wheat penny is primarily dependent on its date — with scarcer years being worth much more than those that are more common.

However, wheat penny values also hinge on the individual coin’s state of preservation. The less wear your coin has, the more it is worth.

Because most people here at The Fun Times Guide are asking about values of wheat pennies they have found in pocket change, I decided to list the values for very low-grade coins. So, if you have a wheat penny in a higher grade, you can be confident that is almost surely worth more than the prices you see listed here.

No matter what the value of your wheat pennies may be, remember that all Lincoln cents made between 1909 and 1958 are now considered obsolete — so they’re worth hanging onto!

After all, these coins are becoming even scarcer, especially in circulation, and are increasingly valued by collectors who want to assemble complete sets of this highly popular coin.

Do you have an old wheat penny? Think there may be something unique about it? Post a picture of your wheat cent in the comments below and I’ll try to help!