1909 Penny
The 1909 penny, also known as the Lincoln Wheat Cent, marks the first year of the Lincoln cent series. It is highly prized by collectors due to its historical significance and various mint mark varieties, including the rare 1909-S VDB. This penny features President Abraham Lincoln on the obverse and wheat stalks on the reverse. The 1909-S VDB variant is particularly valuable, often commanding prices from $700 to over $2,000.
As one of the first four one cent pieces to depict former U.S. President Abraham Lincoln, the 1909 Wheat Penny can be identified by what it lacks when compared to other pennies from the same year, rather than by what it includes. Struck in Philadelphia, this coin lacks any mint mark, unlike those struck in San Francisco. It also differs from the “V.D.B.” Wheat Pennies because it lacks the initials of the coin’s designer, Victor D. Brenner, at the bottom of the reverse side. Continue reading to learn more about 1909 Wheat Penny Value.
AUCTION RECORD: $1,603
Image source: PCGS
1909 Penny Value
As of 2024, the value of a 1909 penny, particularly the Lincoln Wheat Cent, varies significantly based on its condition and type. Circulated examples generally range from $2 to $20, while uncirculated or mint state coins can be valued from $50 to over $500. The 1909-S VDB variant, due to its rarity, can command prices from $700 to over $2,000 in higher grades. The coin's historical significance, being the first year of the Lincoln cent series, and its different mint mark varieties contribute to its high desirability and value among collectors.
1909 Wheat Penny Delays and Popularity
The need for a change in currency design was recognized by U.S. President Theodore Roosevelt, who began the process in 1904. Bureaucracy and different artistic ideas delayed the change in design for the U.S. penny until 1909, and ultimately until William Howard Taft became President that year. It was President Taft and his Treasury Secretary, Franklin MacVeagh, that formally approved the new design, which was in circulation until 1958.
Design changes continued to be made until the final approval came in July 1909. Some of the changes included lowering Lincoln’s profile to be more centered, and the addition of the motto: “In God We Trust.” The U.S. Mint intended the release to coincide with the centennial celebrations of the birth of Lincoln, and anticipation only grew after it was decided that images of the coin would not be printed in newspapers. The strategy worked, and the popularity of the coin was massive upon its release.
Type of coin: Penny
Year: 1909 Wheat Penny
Mint Mark: none
Total mintage: 72,702,618
Metal content: 95% copper, 5% tin and zinc
Face value: One Cent
Weight: 3.11 grams
Diameter: 19 millimeters
Edge: Plain
Designer: Victor D. Brenner
FAQ
What is the value of a 1909 Wheat Penny?
The 1909 Wheat Penny value ranges from $1.50 to over $1,000 for mint condition coins, with the VDB version being more valuable.
How rare is the 1909 Penny?
The 1909 Wheat Penny is considered relatively common, but the VDB version, especially from the San Francisco Mint (S VDB), is rarer and more valuable.
What factors affect the 1909 Penny's value?
Condition, mint mark (especially the S VDB version), and the presence of the VDB initials significantly affect its value.
What is the highest price ever paid for a 1909 Wheat Penny?
The highest prices are usually paid for the 1909 S VDB version, with high-grade examples fetching tens of thousands of dollars.
Does the condition of the 1909 Wheat Penny significantly impact its value?
Yes, the coin’s condition greatly affects its value, with higher grades like uncirculated or mint condition commanding much higher prices.
Are there any known errors on 1909 Wheat Pennies that increase their value?
Errors are more commonly sought after in later years, but the main value in 1909 pennies comes from their mint marks and condition.
How can I determine if my 1909 Wheat Penny is valuable?
Check for the mint mark (S VDB is most valuable), condition, and consult with a coin expert or a reliable price guide.
What is the average selling price of a 1909 Wheat Penny?
Selling prices vary, but non-VDB pennies in good condition can sell for a few dollars, while VDB versions, especially with the S mint mark, can sell for much more.
What makes the 1909 Wheat Penny unique compared to other Wheat Pennies?
The 1909 Wheat Penny was the first year of issue and features the designer’s initials VDB on some versions, making it unique.
Can a 1909 Wheat Penny be a good investment?
Yes, particularly the 1909 S VDB version, which is highly sought after by collectors and can appreciate in value.
What should I do if I find a 1909 Wheat Penny?
Assess its condition, check for a mint mark, and consider getting it appraised by a professional to accurately determine its value.
Where is the best place to sell a 1909 Penny?
Coin dealers, auctions, and numismatic shows are good places to sell, especially for rarer versions like the 1909 S VDB.
What historical significance does the 1909 Wheat Penny hold?
It marks the first year of the Lincoln Wheat Penny series and the introduction of Victor David Brenner’s design.
Are there any special collecting tips for 1909 Wheat Pennies?
Focus on the condition and authenticity, particularly for the 1909 S VDB version, as it's the most valuable and often counterfeited.
How does the 1909 Wheat Penny fit into the overall Wheat Penny collection?
It is a cornerstone of any Wheat Penny collection, representing the inception of the series and offering a variety of collectible versions, especially the sought-after 1909 S VDB.
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