Based on its 2014 price guide, CoinTrackers values a 1936 Lincoln wheat penny at between 35 cents and $15, based on the condition of the coin. Coins in uncirculated condition with sharp edges and no discoloration are worth the most, while well-worn pennies are worth little.
The U.S. Mint produced about 309.63 million pennies in 1936. It minted 5,000 proofs, which can be worth more than $125. Some pennies from 1936 contain a double die error, significantly increasing the coin's value to north of $275 for pennies in good condition. The coin is made from 95 percent copper, which gives it a low melt value.