1935 Wheat Penny
The 1935 Wheat Penny is a U.S. cent featuring Abraham Lincoln on the obverse and wheat ears on the reverse. Composed of 95% copper, its value depends on condition and mint mark, generally ranging from a few cents to several dollars, with well-preserved examples being more valuable. It’s also relatively easy to find in mid-range uncirculated grades, and starts to become more scarce in the highest Mint State grades. These higher grades nearly double in price and are typically purchased by serious collectors who can cough up that kind of money. Continue reading to learn more about 1935 Wheat penny value.
AUCTION RECORD: $2,185 • MS63
Image source: PCGS
1935 Wheat Penny Value
As of 2024, the value of a 1935 Wheat Penny ranges from about $0.10 to $5.00 in circulated condition, while uncirculated examples can be worth between $10 and $50, depending on the mint mark and overall quality. Well-preserved coins or those with rare features may command higher prices.
History of the 1935 Wheat Penny
The 1935 Wheat Penny is possible to find in brown, red-brown, and red varieties in most grades. The highest grades are most difficult to find and command the highest prices. Philadelphia coins were typically well-struck, and it should be easy to cherrypick through these coins to find one that is beautiful. The Wheat Penny was designed by Victor David Brenner. At the time, President Franklin D. 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.
1935 Wheat Penny Worth
The 1935 Wheat Penny value ranges from around $1,000 to $34,000 depending on the coloring and grade of the coin. This large jump has a lot to do with the color of the coin as well, with Full Reds being highly sought after. The 1935 Wheat Penny would make a great addition to any Wheat Penny series collection.
Type of coin: Penny
Year: 1935 Wheat Penny
Wheat Penny Mint Mark: Philadelphia
Total mintage: 245,388,000
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 value of a 1935 Wheat Penny?
The value of a 1935 Wheat Penny generally ranges from a few cents for circulated coins to thousand of dollars for uncirculated examples.
How rare is a 1935 Wheat Penny?
The 1935 Wheat Penny is not considered rare and is commonly found in circulation, but its value can increase with better condition and rarity of errors.
What factors affect the 1935 Wheat Penny Value?
Condition, mint mark, and the presence of errors or special variations primarily influence its value.
What is the highest price a 1935 Wheat Penny has sold for?
High-grade examples or those with significant errors can fetch higher prices, potentially reaching hundreds of dollars at auction.
Can the condition of a 1935 Wheat Penny significantly increase its value?
Yes, the better the condition, particularly if the coin is uncirculated, the more valuable it can be.
What are the key features to look for in a 1935 Wheat Penny?
Look for the overall condition, clarity of details, and any mint errors like double dies, off-center strikes, or repunched letters.
How does the 1935 Wheat Penny compare to other years in terms of value?
While not the most valuable in the Wheat Penny series, certain 1935 coins, especially those with errors or in mint condition, can be quite valuable.
What mint marks are found on 1935 Wheat Pennies, and how do they affect value?
1935 Wheat Pennies can come from the Philadelphia (no mint mark), Denver (D), and San Francisco (S) mints, with mint marks generally not affecting value significantly unless the coin is in high grade or has errors.
Is there a steel version of the 1935 Wheat Penny?
No, the steel Wheat Pennies were only minted in 1943.
What is the average selling price for a 1935 Wheat Penny?
The average selling price ranges from a few cents to a few dollars, depending on the coin's condition and rarity.
What errors should I look for in a 1935 Wheat Penny?
Common errors include double dies, repunched mint marks, and off-center strikes, which can increase the coin’s value.
How can I accurately determine the value of my 1935 Wheat Penny?
Have it assessed by a professional coin grader or a reputable coin dealer, especially if you suspect it has errors or is in mint state.
Are there any 1935 Wheat Pennies that are particularly sought after by collectors?
Collectors seek out 1935 Wheat Pennies in high-grade condition, with rare errors, or those with historical significance.
What should I do if I find a 1935 Wheat Penny in my change?
Check its condition and look for any mint marks or errors. Consider consulting a coin expert to assess its value.
Where is the best place to sell a 1935 Wheat Penny?
Selling through a reputable coin dealer like Bullion Shark, at coin shows, or online auctions can help you achieve the best price, especially if the coin is rare or in excellent condition.
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