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How much are wheat pennies worth?

By Jon Warren

The Soldster Guide to making fast cash from pocket change.

If you want to flip large lots of wheat pennies for a quick profit, our standing bid for clean, undamaged wheat pennies is $3.50 per pound in bulk. We will take any quantity up to 100,000 coins or 1000 pounds in weight. There are roughly 150 pennies per pound.

Any penny dated from 1909 to 1958 is a wheat penny. They are called "wheat pennies" because they have a sheaf of wheat on the reverse, or backside of the coin. In 1959, the sheaf of wheat was replaced with the Lincoln memorial, which is still on the reverse of our pennies today.

Wheat pennies were produced starting in 1909 to commemorate the 100th anniversary of Lincoln's birth. They were first issued on 2 August 1909 and were the first U.S. coins to feature a real person (Abraham Lincoln). As the coins began to circulate, controversy broke out over the letters V.D.B. on the coin, which were located on the bottom of the reverse side and were the initials of the penny's designer, Victor David Brenner. Many people thought that the New York sculptor’s initials did not need to be on the coin or were too prominent. Other people did not understand the meaning behind the initials or their purpose. One of the most valuable of the wheat pennies is a 1909 date with an S mint mark and the VDB initials in prominence. It is called the 1909 SVDB and can sell for as much as $1,000.00 or more in uncirculated 'like new' condition.

Wheat pennies are very common, but some rare dates are worth dollars, not pennies. However, they are rare for a reason. You could spend a lifetime searching through mountains of wheat pennies and never find a rare date. Finding a rare penny is like winning the lottery.

It is much more profitable to deal in bulk. Buy them whenever you have the chance at flea markets, yard sales, estate sales, then turn around and sell them to us for a profit knowing that we are always ready, able and willing to buy you out. Or do some cursory rare date searching, then offload the culls to us.

Whatever you decide to do, just remember that we are in the business of buying large lots of common date wheat pennies. Our standing offer price changes often, so please check this page from time to time.

This article has been read 5124 times. Last read on 7/24/2021 2:08:55 AM

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