According to the USA Coin Book, the collector's value of a 1944 copper Wheat Penny ranges from 9 cents to $3.79. The coin's grade determines its value to coin collectors. A coin with moderate wear but whose design is legible is likely to be graded as "fine" (worth 9 cents). An uncirculated Wheat Penny with no wear is worth about $3.79; rare metal pennies command much more.Continue Reading
Some Wheat Pennies are more valuable to collectors than others. Stamping errors, mint marks, grade and dates can all influence the numismatic value of a coin. The grade of the coin is the most common factor that influences value. Many coins are graded on a 70-point scale, with P-1 (poor) being the lowest grade. The highest grade is MS-70, or perfect condition. The higher the grade, the more valuable the coin.
Mint errors and unusual metal content can also influence the value of a coin. Some of the most valuable 1944 Wheat Pennies are made of steel. Only 27 of these steel pennies are known to exist, so their value is higher than that of a standard copper penny from 1944. Cointrackers estimates that these steel pennies are worth more than $77,000 each.Learn more about Coins & Currency