1911 Wheat Penny
The 1911 Wheat Penny had a higher mintage than its San Francisco counterpart. This coin had a total mintage of over 101 million coins. Although this was a high mintage, this coin can still command higher prices for the highest grades of the 1911 Wheat Penny. This coin is scarcer than the 1909 and 1910 Wheat Penny, and a similar scarcity of the 1912 Wheat Penny. It’s possible to find a well-struck, full red Gem with the 1911 Wheat Penny, and it is well worth the effort to find one. Continue reading to learn more about 1911 wheat penny value.
AUCTION RECORD: $3,290 • MS65BN
Image source: PCGS
History of the 1911 Wheat Penny
The 1911 Wheat Penny is a valuable and attractive coin that is known for being well-struck. Cherrypicking is relatively easy with this coin, as there were so many minted and it’s still possible to find in circulated and uncirculated grades today. The Wheat Penny was designed by Victor David Brenner. At the time, President Theodore Roosevelt wanted to prepare new coin designs that had more artistic merit. He chose Brenner based on a plaque he created with Lincoln’s profile. The Wheat Penny depicts a bust and profile of Abraham Lincoln on the obverse. The reverse features two stalks of durum wheat.
1911 Wheat Penny Worth
The 1911 Wheat Penny value reaches to upwards of over $3,000. It’s entirely possible to find this special coin in Gem condition with a rich red color that is sure to make your Wheat Penny series collection shine. This is a great coin to add to any Wheat Penny collection and is worth the expense of finding an attractive, well-struck coin.
Type of coin: Penny
Year: 1911 Wheat Penny
Wheat Penny Mint Mark: Philadelphia
Total mintage: 101,176,054
Metal content: 95% Copper, 5% Tin and Zinc
Face value: 1 cent
Weight: 3.11 grams
Edge: Plain
Designer: Victor David Brenner
Diameter: 19.00 millimeters
FAQ
What is the 1911 Wheat Penny value?
The value can range from a few cents for well-circulated coins to over $1,000 for coins in mint state condition.
How rare is a 1911 Wheat Penny?
While the 1911 Wheat Penny is not considered extremely rare, its value increases with better condition and rarity of errors.
What factors affect the 1911 Wheat Penny's value?
Condition, mint mark, and the presence of errors or rare varieties primarily determine its value.
What is the highest price ever paid for a 1911 Wheat Penny?
High-grade examples, particularly with errors or in mint state, can fetch several thousand dollars.
Does the condition of a 1911 Wheat Penny significantly impact its value?
Yes, condition is a critical factor in determining the coin's value, with uncirculated coins commanding the highest prices.
Are there any known errors on 1911 Wheat Pennies that make them more valuable?
Varieties and errors, such as double dies or repunched mint marks, can increase the value of a 1911 Wheat Penny.
How can I determine if my 1911 Wheat Penny is valuable?
Assess the coin's condition and look for any notable errors or varieties. Consult a coin expert or reference guide for an accurate valuation.
What is the average selling price of a 1911 Wheat Penny?
Circulated coins typically sell for a few dollars, while uncirculated or rare variety coins can fetch much higher prices.
What makes the 1911 Wheat Penny unique compared to other Wheat Pennies?
The year and its place in early Lincoln cent production make it unique, along with any specific mint errors from that year.
Can a 1911 Wheat Penny be a good investment?
For collectors, high-grade or rare varieties of the 1911 Wheat Penny can be a good investment, appreciating in value over time.
What should I do if I find a 1911 Wheat Penny?
Evaluate its condition and rarity, and consider having it appraised by a professional to ascertain its value.
Where is the best place to sell a 1911 Wheat Penny?
Coin dealers, auctions, and numismatic shows are good venues to sell, especially for coins with higher value or rarity.
What historical significance does the 1911 Wheat Penny hold?
As an early 20th-century coin, it holds historical significance in the Lincoln Wheat Penny series and American numismatics.
Are there any special collecting tips for 1911 Wheat Pennies?
Focus on acquiring coins in the best possible condition, and be on the lookout for rare errors or varieties that can significantly increase their value.
How does the 1911 Wheat Penny fit into the overall Wheat Penny collection?
It is an essential piece of the early Lincoln Wheat series, offering historical context and potential value for collectors.
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