Lincoln Wheat Penny Values

How Much Lincoln Wheat Pennies are Worth: Lincoln Wheat Penny Values & Coin Price Chart

Year
Mint
Variety
Designation
VG-8
F-12
VF-20
EF-40
AU-50
U-60
MS-63
MS-64
MS-65
MS-66
MS-67
1800
P
Plain 4- Stemless Wreath
Red-brown
200
300
400
500
600
700
800
900
1000
1200
1100

History of the Lincoln Wheat Penny 

The Lincoln Wheat Penny, also known as the Lincoln Wheat Cent, was minted from 1909 to 1958 and was introduced to commemorate the 100th anniversary of President Abraham Lincoln’s birth. The coin was designed by Victor David Brenner. The Wheat Penny design remained largely unchanged until 1959, when the reverse shifted to the Lincoln Memorial, marking the end of this design era. 

The Lincoln Wheat Penny’s obverse depicts Abraham Lincoln facing right with “IN GOD WE TRUST” above and “LIBERTY” to the left. The reverse displays “ONE CENT” in the center, “UNITED STATES OF AMERICA” below, and two stalks of wheat along the sides. Initially, the coin included Brenner’s initials (VDB), but due to public criticism, the U.S. Mint temporarily removed them, creating notable varieties in the first year. 

The Wheat Penny series spans significant American historical eras, including the Great Depression and World Wars I and II, adding context to its collectibility. It also sparked many variety discoveries like repunched mintmarks and doubled dies, offering ongoing challenges for advanced collectors. Its accessibility and range of collectible paths make it a favorite among both novice and advanced collectors. 

Rarest Coins in the Series 

  • 1909-S VDB (First-Year Issue): The rarest and most famous Lincoln Wheat Penny. Only 484,000 have been minted. Brenner’s initials on the reverse make it highly collectible and valuable. 
  • 1909-S (No VDB): Also rare, but more accessible than the VDB version, minted in San Francisco. 
  • 1914-D: The Denver mint’s scarcer issue, consistently valuable across grades. 
  • 1922-D No D Strong Reverse: A very rare variety due to mintmark mishaps, with high collector demand. These are Philadelphia-like cents struck at the Denver Mint using worn dies. 
  • 1931-S: A Depression-era rarity with very low mintage. 
  • 1955 Doubled Die Obverse: A striking error coin highly sought after by collectors. 

View the list of key dates and varieties here. 

Types of Collections 

  • By Year Sets: Collecting each year’s Lincoln Wheat Penny offers a historical timeline of the coin and the country’s events during that era. 
  • Key Date Collections: Focused on rarer and valuable years such as 1909-S VDB, 1914-D, and 1931-S to build a premium set. 
  • Variety Collections: Includes die varieties, mintmark errors, and doubled die errors for specialized interest collectors. 
  • Investment Sets: Building a collection with value-retaining or appreciating coins based on rarity and condition for long-term investment. 

Beginner vs. Advanced Collecting 

Beginner Collecting 

The Lincoln Wheat Penny series includes many common dates that were struck in very large numbers and remain readily available and modestly priced in rolls, bulk lots, and coin shops. This allows new collectors to assemble a basic date or date-and-mintmark set while learning to spot clear dates, mintmarks, and Brenner’s “VDB” initials on applicable issues. Avoid heavily corroded or damaged pieces, and store your coins in archival-quality albums or non-PVC holders in a dry, stable environment. 

Advanced Collecting 

Advanced collectors can explore the series’ many key dates, recognized varieties, and notable errors such as major doubled dies. Pursuing scarcer S- and D-mint issues, early-teens dates, and high-grade examples typically requires research, patience, and a larger budget. Close attention to die varieties, authenticity, and overall appearance is important, and certified examples are often preferred for major purchases. Proper storage in temperature-controlled, low-humidity conditions helps preserve surfaces and maintain long-term value. 

Investment Potential 

Collectors prize the 1909-S VDB, 1914-D, 1931-S, and error coins like the 1955 Doubled Die Obverse for their scarcity and historical significance, which often support strong secondary-market prices. These coins often come with graded labels from PCGS or NGC, which help boost market value.