Lincoln Pennies (1909-1958)
The ever popular Lincoln pale yellow penny was first produced by the U.S. Mint in 1909. While the original edition pennies from 1909 can have significant collectible respect, other editions of the Lincoln penny can be highly desired by mint collectors a well. A 1933-D, for example, may be valued at $ 2.30 or more. A 1931-S could be worth $ 40 or more. obviously, some mint years may be deserving well more than others, while the minting location may besides play a character in the measure of a penny .
In addition to the penny ’ sulfur mint year and edition, the mint ’ s overall condition is important when it comes to determining its value. Coins that have been well-preserved over the years can be valued significantly higher than similar coins that have wear and tear or price .
Lincoln Penny Value – What Dealers Pay
Both coin dealers and mint collectors are will to pay a higher bounty for Lincoln Wheat Pennies that are in victor stipulate and of a higher grade. In fact, the values of collectible wheat pennies in good condition can range from several dollars to over $ 1000. If you have a Lincoln Wheat Penny in great condition from a year that is sought after by dealers and collectors, you may benefit from having your penny graded by an NGC or PCGS grading service .
By having your penny graded, you may be able to get a closer estimate as to what your penny may be bought or sold for. The rate process is highly thorough and may account for evening very subtle grading points while besides considering collector and dealer demand.
Lincoln Wheat Penny Value is Conditional
To accurately gauge the rate of your Lincoln Wheat Penny, you must perform a close examen of the coin. One dim-witted way to do this is to examine the pale yellow stalks on the coin ’ randomness rearward. If the parallel lines at the top of the wheat stalk are showing, the coin is likely in fine or even better condition. If the penny has experienced meaning tire and tear ascribable to handling over the years, there is a good gamble these lines at the tops of the stalks will be worn down or tied non-existent. In this encase, the coin may be considered to be in dependable or a lesser condition. If the lines at the tops of the wheat stalks remain crisp, clear and robust, the coin may be in extremely fine discipline. Of path, the mint ’ s early details must besides be in excellent condition to be assigned a grade of highly fine, with small to no signs of wear or erosion .
The bottomland line is this : The better the overall condition of your Lincoln Wheat Penny, the more desirable it may be for dealers and collectors, and thus the more valuable .
Coin Grading Can Provide Peace of Mind
If you have a Lincoln Wheat Penny that is in excellent condition and you are not sure how it might be graded, submitting your mint to NGC or PCGS to have it professionally graded may be a adept mind. Coin grade services are in tune with the market and can give you a great theme as to how your Lincoln Wheat Penny may be valued. The little tip you incur for having your penny graded can be well-worth it to know you are getting fair grocery store value for your mint if you wish to sell it. Coins that have been graded typically sell for higher premiums than non-graded coins, therefore your investment in grading may pay for itself.
Mintmarks and the 1909 VDB
An “ S ” mintmark found under the date of a Lincoln Wheat Penny indicates that the penny was minted by the San Francisco Mint. Collectors desire these coins and they may trade for higher premiums than common date pale yellow cents .
A “ D ” under the date indicates that the penny was minted in Denver, while lack of a mintmark indicates that the penny was minted in Philadelphia .
Mint class 1909 besides produced some pale yellow pennies with the interior designer ’ second initials, “ VDB ” for Victor D. Brenner. These initials may be found along the bottom rim of the mint precisely below the wheat stalks. Because fewer pennies were minted with the engrave initials, check your 1909 Lincoln Wheat Penny to see if it has the VDB engrave.
Lincoln Wheat Penny Values Are Rising
The value of your Lincoln Wheat Penny is constantly changing and may increase over the years. This can happen for numerous reasons such as raw collectors buying these coins or established collectors adding to their collections. In addition, new varieties such as double-dies or over-dates may be discovered adding to the allure of Lincoln Wheat Pennies.
All Market Updates are provided as a third base party analysis and do not inevitably reflect the denotative views of JM Bullion Inc. and should not be construed as fiscal advice .