1912 Wheat Penny
The 1912 Wheat Penny had a total mintage of over 68 million from the Philadelphia Mint. This beautiful coin has been known to have a brilliant and attractive luster with the full-on reds being bright and vibrant. The 1912 Wheat Penny is a very affordable coin in the series and is scarce in higher grades. When looking for a 1912 Wheat Penny, cherrypicking is advised to ensure you find the ideal coin for your specific Wheat Penny series collection. Continue reading to learn. more about 1912 Wheat penny value.
AUCTION RECORD: $559 • MS65BN
Image source: PCGS
History of the 1912 Wheat Penny
The 1912 Wheat Penny is rarer than the 1909 and 1910 Wheat Penny but is a similar rarity to early dates of the 1911 and 1913 Wheat Penny. It’s possible to find sharply struck 1912 Wheat Penny coins and is well worth the effort to find these particular specimens. 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, with the S mint mark under the date. The reverse features two stalks of durum wheat.
1912 Wheat Penny Worth
The 1912 Wheat Penny value ranges to upwards of just under $500 for a Mint State coin. These prices climb as you get into higher grades, but for that price, this is an easily accessible coin to add to a Wheat Penny series collection without breaking the bank. It’s also an attractive one too with it being possible to find a sharply struck 1912 Wheat Penny with an attractive luster. This is a great coin that is worth the effort to find.
Type of coin: Penny
Year: 1912 Wheat Penny
Wheat Penny Mint Mark: Philadelphia
Total mintage: 68,150,915
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
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What is the value of a 1912 Wheat Penny?
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The value of a 1912 Wheat Penny typically ranges from $4 in lower circulated grades to over $150 in uncirculated condition.
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How rare is the 1912 Wheat Penny?
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The 1912 Wheat Penny is relatively common, but its value increases with better condition and rarity, especially the 1912-S version.
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What factors influence the 1912 Wheat Penny's value?
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The coin's condition, mint mark, and the presence of any errors or varieties affect its value.
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What is the highest recorded sale price for a 1912 Wheat Penny?
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High-grade examples, especially those with the "S" mint mark, can reach significant values, potentially in the hundreds of dollars.
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Does the condition of the 1912 Wheat Penny significantly affect its value?
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Yes, condition is a major factor, with uncirculated or higher-grade coins being much more valuable.
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Are there any known errors on 1912 Wheat Pennies that increase their value?
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While not known for specific errors, any 1912 Wheat Pennies with minting anomalies could be more valuable.
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How can I determine if my 1912 Wheat Penny is valuable?
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Assess the coin’s condition, check for mint marks (especially "S"), and consult with a numismatic expert for a precise valuation.
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What is the average selling price of a 1912 Wheat Penny?
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Average selling prices can vary widely based on condition, with circulated coins fetching a few dollars and uncirculated coins fetching much more.
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What makes the 1912 Wheat Penny unique compared to other Wheat Pennies?
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Its age and the context of its minting year contribute to its uniqueness and collectible value.
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Can a 1912 Wheat Penny be a good investment?
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For collectors, particularly those focusing on early 20th-century American coins, high-grade or rare 1912 Wheat Pennies can be a good investment.
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What should I do if I find a 1912 Wheat Penny?
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Evaluate its condition, and consider consulting with a coin appraiser to determine its potential value accurately.
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Where is the best place to sell a 1912 Wheat Penny?
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Reputable coin dealers, numismatic auctions, or online marketplaces are good venues for selling valuable coins.
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What historical significance does the 1912 Wheat Penny hold?
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As an early Lincoln Wheat cent, it holds historical value for collectors and signifies the era of American coinage.
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Are there any special collecting tips for 1912 Wheat Pennies?
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Focus on condition and rarity, and seek out any possible error coins or varieties that could enhance the coin’s value.
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How does the 1912 Wheat Penny fit into the overall Wheat Penny collection?
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It is an important part of the early Lincoln Wheat cent series, offering insights into the coinage history and design trends of the era.
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