How much is a 1940 Penny without mint mark worth?
The value of a 1940 Wheat penny varies from coin to coin, depending on its condition. For instance, a 1940 Lincoln penny in good condition without a mint mark is worth about $0.15.
Is a 1940 penny worth anything?
The short answer is yes, some of the 1940 wheat pennies are valuable, but the value of them does vary. Some are worth more than others. A good portion of the 1940 wheat cents in circulation have heavy or moderate wear making them less valuable than uncirculated ones.
What is the value of 1940 wheat pennies?
High mintage numbers and major quantities of uncirculated versions of 1940 Lincoln Wheat Penny coins means buying any specimens from 1940 is not an expensive task – unless, of course, you desire ultra- high grade examples of these coins. While 1940 Lincoln Pennies still occasionally pop up in regular circulation (if you’re lucky enough to find one, that is), buying examples for your collection won’t cost more than about 10 to 20 cents each in the circulated grades.
What wheat penny is worth the most?
The 1943 D bronze Lincoln wheat cent is probably the most famous and valuable error penny ever minted. It's a 'one-of-a-kind' wrong planchet error and holds the record for the most expensive wheat cent ever sold. In September 2010 it changed hands privately for $1,700,000, which is a record breaking amount for the sale of a Lincoln wheat cent.
What does it mean when a wheat penny doesn't have a mint mark?
No mint marks appeared on circulating coins from 1965 to 1967. The Coinage Act of 1965 eliminated mint marks to discourage collecting while the Mint worked to meet the country's coinage needs. Mint marks were placed on the reverse of coins until 1968 when they moved to the obverse.
Where is the mint mark on a wheat penny?
Their mint marks are on the obverse of the coin below the date. However, all coins made at Philadelphia Mint did not feature a mint mark. Throughout history, the obverse has remained the same, while the reverse varied from 1958 to 1989. In 2009, the penny reached its 100th anniversary.
How much is a 1940's wheat penny worth?
1940 Penny Value1940 Lincoln Penny ValueCondition of Coin1940$0.02$0.051940 D$0.02$0.051940 S$0.03$0.132 more rows
Which pennies from the 1940s are valuable?
Table Showing the Value of a 1940 Lincoln Penny According to ConditionCoinGoodExtremely Fine1940 Lincoln penny$0.15$0.601940 Lincoln penny (S)$0.15$11940 Lincoln penny (D)$0.15$0.75
What pennies with no mint marks are valuable?
Here are several rare coins without mint marks that hold a much higher value than the original minted face value.1922 no-D Lincoln Penny. ... 1968 no-S Roosevelt proof dime. ... 1971 no-S Jefferson proof nickel. ... 1975 no-S Roosevelt proof dime. ... 1983 no-S Roosevelt proof dime.
What is the 1940 Penny?
The 1940 Wheat Penny is a collectible cent that Victor Brenner designed. He was commissioned to do so in 1909 when the US needed a viable penny design to replace the previously used Indian Head cent. Brenner chose this specific design because he wanted to appreciate great leaders and the US’ humble beginnings.
Features of the 1940 Penny
Singling out a 1940 Wheat Penny might not always be a piece of cake, especially if you’re not a coin expert. What should you watch out for? Let’s dive into the main features of this popular coin.
Factors that influence the 1940 Penny Value
Sometimes, collectors and online stores that sell coins take time to determine the real value of their pennies. Some of the factors they put into account when doing so are as follows:
Conclusion: Is the 1940 Penny a Good Collection?
Now that you know the value of a 1940 Lincoln penny, you can make a more informed purchase decision if you’ve been scouring the market for this coin.
How Much Is A 1940 Penny Worth?
That’s the question so many folks want to know… Probably you, too. The value of a 1940 penny varies, depending on the mintmark of the coin and also its state of preservation.
Are 1940 Wheat Pennies Rare?
Since millions upon millions of 1940 pennies were minted, they really aren’t rare in the absolute sense.
What Is The Most Valuable 1940 Penny?
According to the Professional Coin Grading Service (PCGS), a 1940 Lincoln penny graded Mint State-68 Red (a nearly perfect coin with original, bright copper-colored surfaces) sold for $14,950 in 2006.
What Else Happened When Your 1940 Penny Was Made?
1940 was a busy year! Here’s a look at just a few of the headlines and happenings when 1940 pennies were rolling off the presses…
What is 1940 pennies?
Lightly worn coins are in demand by young collectors starting collections . 1940 pennies, in any condition without noticeable marks are favored. A lack of dents to the rim and prominent areas - Lincoln's portrait - are coins solid within a grade.
How many 1940 Lincoln cents were struck?
1940 Lincoln Cent Mintmark Varieties. Three varieties of cents were struck in 1940. The decade began with large qualities of pennies produced in the year, over 781,000,000 as reported in mint records. Identifying variety finds differences in 1940 penny value.
What year did Denver strike the wheat pennies?
Denver struck the fewest of the three varieties of 1940 wheat pennies. Higher value is noted with coins lightly circulated and better condition. These old pennies tend to accumulate debris within the lettering and date areas, a pleasing coin is noted as having little buildup or problems.
How to preserve wheat cents?
Any wheat cent worth above minimum value of a few cents is protected by separating individually. Quantities of average, minimum value examples, are well preserved by storing in coin tubes. Each are special made for the hobby to safely store coins.
Is a wheat cent good grade?
Good Grade: Heavy wear covering the entire central portion of a wheat cent places it in the Good grade. Lincoln's hair is now mostly flat, coat is lacking detail along the back and shoulder, and facial features are one smooth plane.