Lincoln Wheat Penny Values and Prices

Lincoln Wheat Penny
Lincoln Wheat Penny. Image Courtesy of: Heritage Auction Galleries, Ha.com

This price guide will give you an approximate value and price for your Lincoln Wheat penny.  The table listed below provides average coin values and prices for Lincoln wheat cents based upon the condition of the coin. 

History of the Lincoln Wheat Penny

The Lincoln wheat penny, or "Wheatie" as they are sometimes called, was first minted in 1909. It was designed by Victor D. Brenner under the direction of Pres.

Theodore Roosevelt who was on a mission to redesign our nation's coinage. Lincoln was chosen as a subject for the penny to commemorate the 100th anniversary of his birth.

Brenner's three initials V.D.B. were placed on the reverse of the coin at the bottom between the stalks of the wheat ears. This was a break from tradition where only the designer's initial from his last name was used on the coin. Mint Engraver Charles E. Barber strongly objected to the use of three initials on the coin. The reverse dies were remade and all the initials were removed but not before some coins were minted and released to the public. This resulted in the extremely scarce 1909-S VDB Lincoln's penny.

The Market for Lincoln Wheat Pennies

With the four different reverses on the Lincoln cent in 2009, and the new Shield reverse starting in 2010, interest in Lincoln cents peaked for a few years. Although market prices have eased over the last few years, this renewed interested has kept values and prices up.

  Any wheat penny is worth at least 5 cents to any dealer.

Key Dates and Rarities

The following Lincoln wheat cents in any condition, are worth considerable more than common wheat pennies.  As such, these coins are frequently counterfeit or altered from common wheat pennies.  Therefore, before you start celebrating your early retirement with your new found fortune, have the coin authenticated by a reputable coin dealer or third party grading service.

  • 1909-S VDB (small "S" below the date and "V.D.B." on the back at the bottom between the stems of the wheat ears)
  • 1909-S
  • 1909-S Over Horizontal S (RPM)
  • 1914-D
  • 1917 Doubled Die Obverse
  • 1922 No "D" (missing mint mark below the date)
  • 1931-S
  • 1943 Bronze/copper (cents in 1943 were made out of zinc plated steel, not copper)
  • 1943-D Bronze/copper (cents in 1943 were made out of zinc plated steel, not copper)
  • 1943-S Bronze/copper (cents in 1943 were made out of zinc plated steel, not copper)
  • 1944 Steel (cents in 1944 were again made out of copper/bronze, some old steel blanks got minted in 1944 by mistake)
  • 1944-D D Over S  (RPM)
  • 1955/55 (doubled die variety)

For more information and high quality photos: Lincoln Wheat Penny Key Dates, Rarities and Varieties

Condition or Grade 

If your coin is worn and looks similar to the one illustrated in the link below, it is considered a circulated coin.

If your coin looks similar to the one illustrated in the link below and has no evidence of wear due to being in circulation, it is considered an uncirculated coin.

Learn More:

    Mint Marks

    As illustrated in the photo in the link below, the mint mark is located on the obverse of the coin,  just below the date. Lincoln wheat pennies were produced at three different mints: Philadelphia (no mint mark), Denver (D) and San Francisco (S).

    • High Resolution Photo of the Lincoln Wheat Cent Mint Mark Location

    Lincoln Wheat Penny Value Chart

    The following table lists the buy price (what you can expect to pay to a dealer to purchase the coin) and sell value (what you can expect a dealer to pay you if you sell the coin). The first column lists the date and mint mark (see the photo above) followed by the buy price and the sell value for an average circulated Lincoln Wheat penny.  The next two columns list the buy price and the sell value for an average uncirculated. These are approximate retail prices and wholesale values.

    The actual offer you receive from a particular coin dealer will vary depending on the actual grade of the coin and a number of other factors that determine its worth.

    1909 - 1929

    Date & MintCirculated Uncirculated
    BuySell BuySell
    1909$2.40$1.60 $14.80$10.70
    1909 VDB$8.50$5.50 $22.00$15.00
    1909-S *$80.00$60.00 $330.00$230.00
    1909-S Over Horiz. S *$140.00$90.00 $390.00$260.00
    1909-S VDB *$680.00$550.00 $1,700.00$1,200.00
    1910$0.25$0.17 $23.00$15.00
    1910-S$10.80$7.10 $110.00$70.00
    1911$0.60$0.40 $29.00$20.00
    1911-D$5.80$3.70 $130.00$90.00
    1911-S$30.00$20.00 $230.00$160.00
    1912$1.40$0.90 $40.00$27.00
    1912-D$7.40$4.70 $180.00$120.00
    1912-S$21.00$14.00 $210.00$150.00
    1913$0.90$0.60 $41.00$30.00
    1913-D$3.40$2.20 $130.00$90.00
    1913-S$11.50$7.70 $200.00$140.00
    1914$0.90$0.60 $51.00$35.00
    1914-D *$170.00$110.00 $2,700.00$1,800.00
    1914-S$18.00$12.00 $390.00$260.00
    1915$2.70$1.80 $90.00$60.00
    1915-D$2.10$1.40 $90.00$60.00
    1915-S$13.90$8.70 $250.00$170.00
    1916$0.30$0.19 $26.00$17.00
    1916-D$1.30$0.80 $80.00$50.00
    1916-S$2.50$1.60 $110.00$80.00
    1917$0.20$0.13 $21.00$14.00
    1917 Dbl Die Obv *$225.00$150.00 $3,900.00$2,750.00
    1917-D$0.80$0.50 $100.00$70.00
    1917-S$0.70$0.40 $120.00$80.00
    1918$0.24$0.15 $27.00$19.00
    1918-D$1.00$0.60 $110.00$80.00
    1918-S$0.60$0.40 $120.00$80.00
    1919$0.22$0.15 $17.00$12.00
    1919-D$0.80$0.50 $80.00$60.00
    1919-S$0.60$0.40 $80.00$60.00
    Date & MintCirculated Uncirculated
    BuySell BuySell
    1920$0.23$0.15 $17.00$12.00
    1920-D$0.90$0.60 $90.00$60.00
    1920-S$0.60$0.40 $130.00$90.00
    1921$0.41$0.28 $49.00$34.00
    1921-S$2.60$1.70 $160.00$110.00
    1922 No "D" *$640.00$410.00 $4,800.00$3,300.00
    1922-D$13.40$8.40 $120.00$80.00
    1923$0.34$0.23 $21.00$15.00
    1923-S$2.30$1.50 $250.00$170.00
    1924$0.21$0.14 $31.00$23.00
    1924-D$23.00$16.00 $330.00$230.00
    1924-S$1.40$0.90 $160.00$120.00
    1925$0.15$0.09 $16.00$11.00
    1925-D$0.90$0.50 $80.00$60.00
    1925-S$0.80$0.50 $160.00$110.00
    1926$0.17$0.10 $12.50$8.30
    1926-D$0.40$0.27 $90.00$60.00
    1926-S$2.40$1.70 $270.00$180.00
    1927$0.16$0.11 $12.10$8.80
    1927-D$0.37$0.24 $69.00$48.00
    1927-S$0.80$0.50 $100.00$70.00
    1928$0.15$0.10 $12.50$9.20
    1928-D$0.30$0.19 $39.00$27.00
    1928-S$0.50$0.40 $80.00$50.00
    1929$0.16$0.10 $12.00$8.10
    1929-D$0.27$0.18 $30.00$20.00
    1929-S$0.26$0.18 $26.00$19.00

    1930 - 1958 and Complete Sets

    Date & MintCirculated Uncirculated
    BuySell BuySell
    1930$0.14$0.09 $6.80$4.70
    1930-D$0.24$0.15 $19.00$14.00
    1930-S$0.27$0.18 $14.00$9.90
    1931$0.50$0.30 $24.00$18.00
    1931-D$2.80$1.90 $67.00$46.00
    1931-S *$80.00$50.00 $170.00$110.00
    1932$1.40$0.90 $22.00$16.00
    1932-D$1.10$0.70 $27.00$19.00
    1933$1.20$0.80 $24.00$17.00
    1933-D$2.20$1.40 $24.00$17.00
    1934$0.18$0.11 $5.10$3.50
    1934-D$0.23$0.15 $12.90$9.10
    1935$0.13$0.08 $3.70$2.50
    1935-D$0.19$0.12 $5.40$3.70
    1935-S$0.24$0.15 $13.80$9.70
    1936$0.13$0.08 $2.70$1.80
    1936-D$0.18$0.11 $6.20$4.20
    1936-S$0.20$0.12 $6.30$4.40
    1937$0.13$0.09 $2.40$1.60
    1937-D$0.15$0.10 $3.60$2.40
    1937-S$0.16$0.11 $3.30$2.30
    1938$0.12$0.08 $3.70$2.50
    1938-D$0.26$0.18 $5.60$4.10
    1938-S$0.29$0.18 $4.30$3.00
    1939$0.09$0.06 $2.30$1.70
    1939-D$0.34$0.22 $2.90$2.10
    1939-S$0.17$0.11 $2.80$1.90
    Date & MintCirculated Uncirculated
    BuySell BuySell
    1940$0.09$0.06 $1.80$1.30
    1940-D$0.13$0.08 $2.10$1.50
    1940-S$0.13$0.09 $2.60$1.90
    1941$0.09$0.06 $1.60$1.10
    1941-D$0.15$0.09 $2.60$1.90
    1941-S$0.19$0.12 $2.90$2.00
    1942$0.09$0.06 $1.50$1.10
    1942-D$0.10$0.06 $1.80$1.30
    1942-S$0.17$0.11 $5.00$3.50
    1943 Zinc$0.10$0.06 $2.60$1.90
    1943-D Zinc$0.13$0.09 $3.50$2.40
    1943-S Zinc$0.18$0.12 $6.10$4.50
    1943 Bronze *$29,000.00$18,000.00 $190,000.00$140,000.00
    1943-D Bronze *$57,000.00$38,000.00 $360,000.00$260,000.00
    1943-S Bronze *$92,000.00$62,000.00 $590,000.00$400,000.00
    1944$0.09$0.06 $1.60$1.10
    1944 Steel *$2,700.00$1,700.00 $96,000.00$70,000.00
    1944-D$0.10$0.07 $1.00$0.70
    1944 D/S *$54.00$35.00 $360.00$240.00
    1944-S$0.09$0.05 $1.40$0.90
    1945$0.09$0.05 $1.10$0.80
    1945-D$0.09$0.05 $1.00$0.70
    1945-S$0.09$0.05 $1.20$0.80
    1946$0.09$0.05 $1.00$0.60
    1946-D$0.09$0.05 $0.90$0.60
    1946-S$0.09$0.05 $1.00$0.70
    1947$0.09$0.05 $1.50$1.00
    1947-D$0.09$0.05 $1.00$0.70
    1947-S$0.09$0.05 $0.90$0.60
    1948$0.09$0.05 $1.00$0.80
    1948-D$0.09$0.05 $1.00$0.70
    1948-S$0.09$0.05 $1.10$0.80
    1949$0.09$0.05 $1.10$0.80
    1949-D$0.09$0.05 $1.00$0.70
    1949-S$0.09$0.05 $2.00$1.40
    Date & MintCirculated Uncirculated
    BuySell BuySell
    1950$0.09$0.05 $1.00$0.70
    1950-D$0.09$0.05 $0.90$0.60
    1950-S$0.09$0.05 $0.90$0.60
    1951$0.09$0.05 $1.00$0.70
    1951-D$0.09$0.05 $0.90$0.60
    1951-S$0.09$0.05 $1.00$0.70
    1952$0.09$0.05 $1.20$0.90
    1952-D$0.09$0.05 $0.90$0.70
    1952-S$0.09$0.05 $2.20$1.50
    1953$0.09$0.05 $0.90$0.70
    1953-D$0.09$0.05 $0.90$0.60
    1953-S$0.09$0.05 $1.00$0.70
    1954$0.09$0.05 $0.90$0.70
    1954-D$0.09$0.05 $0.60$0.40
    1954-S$0.09$0.05 $0.50$0.40
    1955$0.09$0.05 $0.60$0.40
    1955 Dbl Die Obv *$1,000.00$700.00 $2,600.00$1,800.00
    1955-D$0.09$0.05 $0.50$0.40
    1955-S$0.09$0.05 $0.50$0.40
    1956$0.09$0.05 $0.50$0.40
    1956-D$0.09$0.05 $0.60$0.40
    1957$0.09$0.05 $0.50$0.40
    1957-D$0.09$0.05 $0.50$0.40
    1958$0.09$0.05 $0.60$0.40
    1958-D$0.09$0.05 $0.50$0.40
    Complete
    Date-Mint Set
    $1,300.00$950.00 $10,000.00$7,500.00
    Complete
    Date Set
    $35.00$20.00 $800.00$550.00

    * = See the article "Lincoln Wheat Penny Key Dates, Rarities and Varieties" for more information on these coins.

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