We at Atlanta Gold & Coin Buyers have received quite a few questions recently regarding the value of old wheat pennies, so we thought we would take this opportunity to address this question for the benefit of all of our customers who may be interested in selling these coins.
Lincoln cents minted from 1909 – 1958 are commonly referred to as “wheat pennies.” The reason for this classification is that the reverse side of these coins contains two ears of wheat. Beginning in 1959, Lincoln cents were minted with the Lincoln Memorial on the reverse side of the coin, which is what we’re accustomed to seeing today.
All wheat pennies, including Lincoln cents minted through 1981, contain 95% copper, and therefore, have a metal content value that exceeds one cent. At last check, the copper content of these coins was worth approximately 1 1/2 cents, which means that they are worth holding on to – even if you don’t have any key date coins.
Typically speaking, the older the wheat penny, the higher the value, but not by much unless you have a key date Lincoln cent in your collection. Included among the highest value/lowest minted pennies are the 1909-S VDB, which is the king of wheat pennies, as well as the 1909-S, 1911-S, 1912-S, 1914-D, 1914-S, 1922 (No D) Plain, 1924-D, 1931-S and the 1955 Double Die or double stamped Lincoln penny.
While there are some semi-key date coins that are included in the series, the coins listed above are the most valuable and sought after, so when it comes time to sell your Lincoln cent collection, we recommend that you sift through your coins to determine if you have any of the key date coins listed above.
As always, if you have any questions or would like to discuss further, don’t hesitate to contact Atlanta Gold & Coin Buyers. We look forward to hearing from you and earning your business!