After all, what makes a 1941 wheat penny valuable?
1941 represents the 6th highest mintage from Philadelphia mint. 887,093,100 wheat pennies struck. These are Abundant on the rarity scale; initial production provided a huge quantity to circulation. In searching for higher value, look to the reverse side of the coin.
Long story short, which 1941 penny is worth a lot of money? Very Fine S and D coins are worth $0.50, and Extremely Fine grades are worth around $1. The value increases to $4 in Uncirculated (MS-60) and $6 in Uncirculated (MS-63). The most valuable variety of the 1941 wheat penny by far is one in which the obverse face has been struck twice, an error known as a doubled die.
In addition to this, is a 1941 penny rare?
The 1941 penny is considered a common coin in all but the higher uncirculated grades. Therefore, most worn 1941 Lincoln wheat pennies are worth only a few cents above face value.
What is the value of a 1941 wheat penny without a mint mark?
In uncirculated condition the price is around $4 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $5. Proof coins with no mint mark are available and they are each valued at around $35 in PR 63 condition.
Most wheat cents (wheat pennies were minted between 1909 and 1956) are worth about 4 to 5 cents. Those in better condition can have double-digit value. Special examples (especially those in near perfect condition) can be worth much more. Indian Head pennies from 1859 to 1879 are generally worth more than $10.
There are some very rare no mintmark error coins that are also extremely valuable. These are some of the most famous no-mintmark coins, along with their approximate value: 1922 plain no-D Lincoln penny — $400+1968 no-S Roosevelt proof dime — $9,000+
1943-S copper Lincoln Wheat Penny, $185,000 – The 1943-S copper cent is the one of the most valuable small cents, with one example having sold for a cool $1 million at an auction in 2012. The story behind copper 1943 Lincoln Pennies is presumed to be a pure accident at the U.S.
Selling Wheat Pennies to dealers often takes place in person. Old wheat pennies are heavy, a roll of 50 coins is expensive to send through the mail. Finding a local dealer to meet at either their shop or at a coin show is economical.
Although a wheat penny's face value is one cent, all wheat pennies are worth more than their face value. Even those in poor condition are worth at least 3 or 4 cents, and some can be worth six figures. Most wheat pennies in good condition will be worth about $10 on average and are fairly easy to find and purchase.
You should keep all pre-1982 pennies. If you can distinguish between 1982 brass and zinc pennies, keep the brass ones. All wheat pennies are worth keeping. Keep all pennies (even recent ones) that appear to have something “off” about them — they may be error or die variety coins.
Although many factors determine the exact value of a coin, you can quickly determine the value of your penny by knowing its type, date, mintmark, and grade. Additionally, the value of a particular coin can vary between markets and coin dealers.
In 1959, the U.S. Mint changed the reverse design of the Lincoln cent from a wheat reverse to a new memorial reverse. ... This type of coin is referred to as a "Mule," since all 1959 cents should have a memorial reverse design. Baller claims he purchased the coin for $1,500.
While most Lincoln Memorial pennies are worth only face value if worn and only 5 to 25 cents if uncirculated, there are a few special Lincoln Memorial cents that are worth hundreds — even thousands — of dollars.
It is best not to clean rare coins as removing the patina can significantly reduce the value of them. For this reason, most coin hobbyists almost never clean their coins. In fact, 99% of coins do not increase in value after you clean them, but many will be greatly devalued.