1942 Penny
The 1942 penny is a copper coin minted in the United States as part of the Lincoln Wheat series. Unlike the steel pennies produced in 1943 due to wartime copper shortages, the 1942 penny is composed of copper with a composition of 95% copper and 5% zinc. These pennies are valued for their historical significance and collector interest. The 1942 Penny becomes more scarce in the highest Mint State grades. Continue reading to learn more about 1942 wheat penny value.
AUCTION RECORD: $2,990 • AU58
Image source: PCGS
History of the 1942 Wheat Penny
The 1942 Wheat Penny is mostly available in circulated grades. Typically when coins have a higher mintage, many more are released into circulation, while less are saved by collectors. 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.
1942 Penny Value
As of 2024, a 1942 penny value typically ranges from $0.10 to $5. Coins in higher grades or those with unique features can fetch more. Factors affecting the value include mint state condition, absence of corrosion, and overall appearance.
The 1942 Penny worth can reach a few thousand dollars for some of the highest grade, uncirculated coins available on the market. The Wheat Penny comes in colors ranging from brown to brown-red to full red varieties, with the full reds typically commanding a higher price. The 1942 Wheat Penny would make a great addition to any Wheat Penny series collection.
Type of coin: Penny
Year: 1942 Wheat Penny
Wheat Penny Mint Mark: Philadelphia
Total mintage: 657,796,000
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 average 1942 Penny value?
The average value of a 1942 Wheat Penny ranges from 15 cents for circulated coins to several thousand dollars for uncirculated conditions.
Are 1942 Wheat Pennies rare?
No, 1942 Wheat Pennies are not considered rare as they were produced in large quantities, but certain varieties or high-grade coins can be more valuable.
What factors affect the 1942 Penny Value?
Condition, mint mark, and rarity of errors or variations affect the coin's value.
How much is a 1942 Wheat Penny with no mint mark worth?
A 1942 Wheat Penny without a mint mark, minted in Philadelphia, is generally worth 15 cents to $3, depending on its condition.
What is the highest recorded sale price for a 1942 Wheat Penny?
High-grade examples, especially those with errors or in mint condition, can fetch several hundred dollars at auctions.
Does the mint mark on a 1942 Wheat Penny affect its value?
Yes, 1942 Wheat Pennies from the Denver (D) and San Francisco (S) mints can be slightly more valuable than those without a mint mark.
What errors are commonly found in 1942 Wheat Pennies?
Errors like doubled dies, repunched mint marks, and off-center strikes can increase the value of a 1942 Wheat Penny.
How can I determine if my 1942 Wheat Penny is valuable?
Check the coin’s condition, mint mark, and look for any errors or unusual features, and consult a coin value guide or professional appraiser.
What is the value of a 1942 D Wheat Penny?
A 1942 D Wheat Penny typically ranges from 15 cents to over $5 in uncirculated condition.
What should I do if I find a 1942 Wheat Penny?
Assess its condition and mint mark, and consider getting it appraised, especially if it appears to be in very good condition or has errors.
Are there any special varieties of the 1942 Wheat Penny that collectors seek?
Collectors often seek 1942 Wheat Pennies with clear errors, rare mint marks, or those in exceptional condition.
What is the historical significance of the 1942 Wheat Penny?
The 1942 Wheat Penny was minted during World War II, making it of historical interest and a piece of Americana.
Where is the best place to sell a 1942 Wheat Penny?
Reputable coin dealers, numismatic auctions, and online marketplaces are good options, especially if the coin is in good condition or has collectible value.
How does a 1942 Wheat Penny compare in value to other Wheat Pennies?
While not the most valuable Wheat Penny, well-preserved 1942 pennies or those with errors can be worth more than the most common Wheat Pennies.
What is the best way to store and preserve the value of a 1942 Wheat Penny?
Store it in a cool, dry place, ideally in a protective holder or album to prevent damage and preserve its condition.
Continue reading:
1956 Wheat Penny value, 1951 D Wheat Penny value, 1958 D Wheat Penny value, 1957 D Wheat Penny Value.