wheat pennie worth

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wheat pennie worth

Postby marine70 » Sat May 05, 2018 8:11 am

I have a lot of wheat pennies I am wondering what they are worth by date etc. Any input will be appreciated not looking to sell right now. I have probably $1000.00 face.
Teens
Twenties
Thirties
Forties fifties
S mint
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Re: wheat pennie worth

Postby SilverDragon72 » Sat May 05, 2018 4:47 pm

Most common Wheat pennies sell for about 3 cents in my LCS.
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Re: wheat pennie worth

Postby justoneguy » Sat May 05, 2018 5:52 pm

I think "commons" would be described as 40's and 50's
with mint marks mixed in
I'd pay 3.5 cents for those
I bought a bunch of earlier wheats here on RC a while ago
I can't remember what I paid
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Re: wheat pennie worth

Postby johnbrickner » Sat May 05, 2018 9:01 pm

Google up "wheat penny values by year" and find more info than you want. Go to HA.COM. Register to make bids but don't bid if you don't want to. Sigh in. Click on value guides pull down, coins for numismatists. Under copper and nickel coins find Lincoln Cents (1909 - Present). Have fun. See recent past auctions and for how much. More fun.
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Re: wheat pennie worth

Postby marine70 » Sun May 06, 2018 9:56 am

Thanks for the information very helpful.
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Re: wheat pennie worth

Postby Recyclersteve » Sun May 06, 2018 2:50 pm

I went to a local coin shop recently (2/2/18) and wrote down the prices he was selling bags of 5,000 wheaties for.

1909-1929: $1,249
1930's: $595
1940's-1950's: $275

Frankly, I don't think he has sold many of these recently.

I know of someone else who is buying wheaties for 3 cents each. If they are S-mints or in the 1930's, he will pay 4 cents. This second person is someone who deals in huge quantities of this sort of thing.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).

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Re: wheat pennie worth

Postby maxwellsilverhammer » Sun May 06, 2018 8:54 pm

yes, i dont think your lcs will sell many if any at those prices these days. maybe if/when the melt value goes back up to 4 or 5 times face but not these days. jmho
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