As of 2014, the intrinsic value of the metals in a 1944 Canadian penny was $0.02, while the collector's value varied from $1.21 to over $130 in American currency. The value of a coin depends on its condition and the type of set for which it was manufactured.
While many factors contribute to a coin's value, even low quality, circulated wheat pennies are worth approximately 4 cents more than an equivalent modern penny. The primary reasons have to do with changes in the minting process over time, scarcity and collector demand.
The most accurate way of determining the value of a 1943 copper wheat penny is to have it appraised by a coin expert. The 1943 copper wheat pennies were accidentally minted and there are only 40 that are known to exist.
The 1943 wheat penny is unique because it is made of steel-coated zinc, rather than copper and nickel, according to the U.S. Mint. In 1943, copper and nickel were needed for ammunition to fight World War II rather than coin production. However, 40 coins were minted in copper inadvertently, making th
In 2015, the estimated value for a 1943 copper wheat penny is roughly between $60,000 and $85,000. If the coin is in poor condition, it is valued toward the lower amount; in perfect condition, it can bring closer to $85,000.
As of 2014, the value of a Lincoln wheat penny ranges from 42 cents to $1,398, depending on the condition of the coin and its mint mark, according to CoinStudy.com. Many coin collectors grade coin conditions on a scale of good, fine, extremely fine and uncirculated.
Wheat pennies from 1924 are not particularly rare; they are in fact quite common. The Philadelphia Mint released over 75 million wheat pennies in 1924; this figure does not reflect pennies that were not released into circulation.
As of 2014, collectors value pennies minted in 1943 from 8 cents to $3.14, depending on the coin's condition and where it was minted. Coins in good condition minted in Philadelphia have the lowest value, while uncirculated coins minted at the San Francisco mint fetch the highest price.
An average condition 1942 Lincoln wheat penny carries a value of $0.20 to $0.35, according to experts at CoinTrackers.com and CoinValues.com. Coins in certified, mint condition and uncirculated states may carry a value ranging from $4.00 to $5.00, as of 2015.
Old U.S. pennies may carry a value anywhere between a couple cents to over $1,000, depending primarily on the date, condition and mintmark of the coin. In general, coins with earlier dates are worth more money than those with later dates.