A U.S. wheat penny is a form of currency that was used from 1909 to 1956. It differs from the pennies used in circulation today due to the two stalks of wheat that decorate the back of the penny and the fact that they were minted from mostly copper or steel, instead of today's mostly zinc pennies.
As of 2015, U.S. wheat pennies are worth anywhere from 3 cents to over $10, depending on the condition of the coin. Wheat pennies are still readily available in circulation, but are still worth more than their face value of one cent.
The primary factors that affect the value of a wheat penny are the rarity and condition of the penny. Some wheat pennies have unusual qualities that increase their value.
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.
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.
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 Pen
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
A 1944 wheat penny uses the Lincoln penny design used by the U.S. Mint from 1909 through the beginning of the 21st century. The "D" mint mark indicates that the coin was minted at the Denver facility.
Wheat contains high amounts of fiber even when compared to other whole grains, states WebMD. This factor makes wheat a nutritious addition to most people's diets.
Wheat today comes from farms around the world, but it was first grown in Turkey and surrounding areas. As of 2014, the European Union is the world's largest producer of wheat, followed by China and the United States.