1939 Wheat Penny
The 1939 Wheat Penny is a U.S. cent from the pre-World War II era, featuring Abraham Lincoln on the front and two wheat ears on the back. Composed of 95% copper, its value varies based on condition and mint mark, typically ranging from a few cents to several dollars. Continue reading to learn more about 1939 Wheat Penny Value.
Image source: PCGS
AUCTION RECORD: $195 • MS67BN
History of the 1939 Wheat Penny
Although the 1939 Wheat Penny is plentiful, it commands a higher price for its Mint State coins in the highest grades compared to others within the series. This coin would make a great addition to any Lincoln Cent series collection. 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.
1939 Wheat Penny Worth
The 1939 Wheat Penny value ranges from around one thousand dollars to upwards of nearly ten thousand dollars depending on the grade and coloring of the coin. Wheat Pennies range in colors from brown to brown-red to red, with red varieties commanding the highest prices. It is worth the effort to find a beautiful, well-struck example to add to your Wheat Penny series collection.
Type of coin: Penny
Year: 1939 Wheat Penny
Wheat Penny Mint Mark: Philadelphia
Total mintage: 316,466,000
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
1939 Wheat Penny Value
The value of a 1939 Wheat Penny varies based on its condition and mint mark. The highest prices paid for 1939 Wheat Pennies at coin auctions are generally for those in pristine condition, often graded MS67 or higher and with the "Red" (RD) designation. Here are some notable auction results:
- 1939 (Philadelphia) MS68 Red: These coins can fetch around $5,000 to $7,000 at auction.
- 1939-D (Denver) MS67 Red: Coins in this grade have been known to sell for approximately $1,500 to $2,500.
- 1939-S (San Francisco) MS67 Red: These coins can command prices in the range of $3,000 to $4,000.
FAQ
What is the value of a 1939 Wheat Penny?
The value of a 1939 Wheat Penny depends on its condition and mint mark. In circulated condition, it typically ranges from $0.10 to $3.00. Uncirculated coins can range from $5 to over $100, with higher values for coins in top grades with the "Red" (RD) designation.
How many 1939 Wheat Pennies were minted?
In 1939, the Philadelphia Mint produced approximately 316,045,000 pennies, the Denver Mint produced about 47,818,000 pennies, and the San Francisco Mint produced around 15,160,000 pennies.
What are the mint marks for the 1939 Wheat Penny?
The 1939 Wheat Penny was minted in three locations: Philadelphia (no mint mark), Denver (D mint mark), and San Francisco (S mint mark).
What is the highest grade for a 1939 Wheat Penny?
The highest grade for a 1939 Wheat Penny is typically MS67 or MS68, with the "Red" (RD) designation being the most valuable. Coins in these grades can fetch high prices at auctions.
Are there any error varieties of the 1939 Wheat Penny?
Yes, there are some error varieties such as double dies, repunched mint marks (RPM), and off-center strikes. These error coins can be worth significantly more than regular issues depending on the type and severity of the error.
What makes a 1939 Wheat Penny valuable?
Factors that make a 1939 Wheat Penny valuable include its condition (grade), mint mark, rarity of any error varieties, and whether it has the "Red" (RD) designation. Coins with sharp details and original mint luster are more desirable.
Where can I sell a 1939 Wheat Penny?
You can sell a 1939 Wheat Penny through coin dealers, auction houses, and coin shows. Having the coin graded by a professional service can help you get the best price.
How do I preserve the condition of my 1939 Wheat Penny?
To preserve the condition of your 1939 Wheat Penny, store it in a cool, dry place, ideally in a coin holder or capsule to protect it from handling, moisture, and environmental factors. Avoid cleaning the coin, as this can reduce its value.
What are the key characteristics to look for in a high-grade 1939 Wheat Penny?
In a high-grade 1939 Wheat Penny, look for sharp details in Lincoln’s portrait, clear and distinct lines on the wheat stalks, and minimal wear or contact marks. The "Red" (RD) designation indicates that the coin has retained much of its original copper color, which adds to its value.
How can I identify a double die variety on a 1939 Wheat Penny?
A double die variety occurs when the design elements on the coin appear doubled due to a misalignment during the minting process. To identify a double die on a 1939 Wheat Penny, look for noticeable doubling on the date, "LIBERTY," and "IN GOD WE TRUST." Using magnification can help in distinguishing these varieties.
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