The typical value of a circulated 1919 Lincoln wheat penny in good condition is about 35 cents, as of 2015. Collectors often pay as much as $20 for uncirculated pennies, while coins in certified mint condition sometimes sell for as much as $35.
The 1919 penny is the most commonly available coin from the era. Three different mints produced nearly 590 million pennies in 1919. Many of these pennies are still in circulation today. 1919 pennies from the Philadelphia mint are most common. The Denver and San Francisco Mints produced smaller numbers of these pennies, which makes them harder to find.