The value of a 1927 Lincoln Wheat Penny depends on several factors, including its condition (grade), mint mark, and any potential errors or varieties.
- No Mint Mark (Philadelphia Mint): These are the most common, with 144,440,000 minted. Circulated coins are typically worth a few cents to a couple of dollars. Uncirculated coins (MS-63 and higher) can range from $10 to over $100, with higher grades fetching more. Some exceptional examples have sold for significantly higher amounts at auction.
- “D” Mint Mark (Denver Mint): With 27,170,000 minted, these are worth more than the Philadelphia mint coins. Circulated coins can be valued from a few dollars up to $20. Uncirculated coins (MS-63 and above) can range from $100 to several thousand dollars for top-grade examples.
- “S” Mint Mark (San Francisco Mint): This is the scarcest variety, with a mintage of 14,276,000. Circulated coins can range from a few dollars to about $50. Uncirculated coins (MS-63 and higher) can be worth $100 to over $10,000, with MS-65 or better conditions commanding higher prices due to their rarity. A high-grade specimen sold for $36,000 at a 2022 auction.
- Condition (Grade): Higher-graded coins are significantly more valuable. Grades range from Poor (heavily worn) to Mint State (uncirculated). Information on coin grading can be found on the [U.S. Mint website].
- Mint Mark: The presence of a “D” (Denver) or “S” (San Francisco) mint mark affects the coin’s rarity and value.
- Errors and Varieties: Rare production errors like a Doubled Die Obverse (DDO) or Repunched Mint Mark (RPM) can greatly increase a coin’s value.
In summary, a 1927 penny’s value can vary widely. Circulated coins in good condition are generally worth a few cents to a few dollars, while uncirculated or error coins can be worth hundreds or thousands. For a precise value, consider professional grading or consulting with a coin dealer specializing in Lincoln cents. They can assess the coin’s condition and identify value-increasing errors or varieties.
What wheat penny is worth $100,000?
Depending on their condition, those 1943 Lincoln wheat pennies would be worth at most between $100,000 and $250,000, Feigenbaum told USA TODAY. But the likelihood of having a near-priceless penny is similar to “saying your lottery ticket might be worth $100,000.
Where is the mint mark on a 1927 wheat penny?
I can help with that. The 1927 Wheat Penny can come with three possible mint marks: none (Philadelphia), “D” (Denver), and “S” (San Francisco). The mint mark is located below the date on the obverse side of the coin.
What year is penny worth $7000?
The U.S. minted about 7.7 billion pennies in 1983 but only about 5,000 of them have the doubling error. The mistakes and the rarity is what drives the price up, with some of the coins, known among collectors as the 1983 Penny With No Mint Mark, selling for as much as $7,000.