1935 wheat penny value

3 min read 25-11-2024

The 1935 wheat penny, also known as the Lincoln penny, is a small yet significant piece of American currency that has garnered interest among collectors and numismatists alike. This article delves into the history, characteristics, and current market value of the 1935 wheat penny.

Historical Background

The Lincoln penny was first introduced in 1909 to commemorate the 100th anniversary of Abraham Lincoln’s birth. The coin features two different designs during its production years: the wheat ears on the reverse side, which are common through 1958, and more contemporary designs that replaced it. The 1935 wheat penny is part of the early years of this long-standing series.

Characteristics of the 1935 Wheat Penny

Before we discuss its value, it's important to recognize the features that set apart the 1935 wheat penny:

Composition: The 1935 penny is made of 95% copper and 5% tin and zinc, giving it a rich, reddish hue, especially if well-preserved.
Size: It has a diameter of 19mm and weighs 2.5 grams.
Design: The obverse side displays a profile of Abraham Lincoln, while the reverse side features two stalks of wheat, representing abundance and growth.

Current Market Value

The value of the 1935 wheat penny can vary based on its condition, rarity, and market demand. Here’s a breakdown of the estimated values according to different grades:

Good (G): These coins show significant wear and tear but are still recognizable. A 1935 wheat penny in this condition typically ranges from $0.10 to $0.50.
Very Good (VG): In this grade, the details are more visible, although there is still some wear. Values usually fall between $0.50 and $1.00.
Fine (F): A fine-grade penny has moderate wear, with most details clearly defined. Such coins can be valued at around $1.00 to $3.00.
Very Fine (VF): This condition indicates minimal wear with clear details. The value can range from $3.00 to $10.00.
Extra Fine (EF): An extra fine penny has only slight imperfections. The market value tends to be between $10.00 and $25.00.
Uncirculated (MS): Coins that are in mint condition can significantly increase in value, ranging from $25.00 to upwards of $100.00 or more, depending on specific features and grading.

Special Variants

There are specific variants and errors that can greatly enhance the value of a 1935 penny, such as:

Die Errors: Coins that contain errors made during minting can fetch higher prices. For example, a double die coin where the design appears more than once can be worth significantly more.
Mint Marks: The 1935 penny was minted in Philadelphia, which does not carry a mint mark. However, if you come across a 1935 penny with a different mint mark, it could indicate another series that may impact its value.

Investing in Wheat Pennies

For those interested in investing in coins, the 1935 wheat penny can be a great entry point due to its affordability and historical significance. Key tips for investing include:

Research and Collect: Gather information on grading systems and learn how to identify the condition of your pennies accurately.
Buy from Reputable Dealers: Ensure that you purchase from reliable sources to avoid counterfeit coins.
Store Properly: Protect your collection with appropriate storage methods to maintain their condition over time.

Conclusion

The 1935 wheat penny is more than just a piece of currency; it is a collectible item that holds historical value. Whether you are a seasoned collector or a novice, understanding the characteristics and value of this coin can enhance your collecting experience. As the demand for vintage coins grows, keeping an eye on the market can help you make informed decisions when buying or selling these timeless treasures.