The value of a 1934 penny, specifically the Lincoln Wheat Cent, varies depending on factors like its condition, presence of a mint mark, and any potential errors.
- Condition: Coins in circulated condition with signs of wear are generally worth less than uncirculated or mint state coins, [according to Coin ID Scanner] and Bullion Shark.
- Mint mark: There were two mint marks for 1934 pennies: Philadelphia (no mint mark) and Denver (D mint mark). The Denver mint mark coins are generally more valuable.
- Coloration: The original color of the coin plays a role in its value. Coins are categorized as BN (Brown), RB (Red-Brown), or RD (Red), with RD (Red) coins typically being the most valuable due to their original luster, according to [Coin ID Scanner].
- Errors: Certain errors can significantly increase the value of a 1934 penny. Some errors include:
– Doubled Die Obverse (DDO)
– Repunched Mint Mark (RPM)
– “BIE” Die Break
– Die Cracks and Cuds
– Off-Center Strikes
- Circulated: A 1934 Philadelphia mint penny (no mint mark) in circulated condition is typically valued at a few cents to a couple of dollars. A 1934-D penny in circulated grades can range from $0.50 to $5.
- Uncirculated (Mint State): Uncirculated 1934 pennies from the Philadelphia mint can be worth $10 to $20 or more, depending on the grade, [according to Bullion Shark] . Uncirculated 1934-D pennies can exceed $50 in mint condition. High-grade examples, such as MS-67 or those with rare errors, can sell for $1,000 to $1,750+, says [Coin ID Scanner].
A 1934 Philadelphia penny in MS68 RD condition sold for $12,650 at a Heritage Auctions sale in 2003. A 1934-D penny graded MS67+ RD sold for $20,350 at a Heritage Auctions sale in 2018.
Note: These are estimations based on current market trends and past auction results. The actual value may vary depending on where and when the coin is bought or sold. It’s recommended to consult a professional coin appraiser for an accurate valuation of a specific coin.
What wheat penny is worth $100,000?
Thanks for asking. 1943 Copper Lincoln Wheat Penny – Worth Over $100,000
During World War II, copper was urgently needed for ammunition, so 1943 pennies were supposed to be made from steel. However, a handful of copper blanks accidentally slipped into the presses, creating one of the rarest U.S. coins ever made.
How much is a 1934 coin worth?
1934 Peace Dollar Value
According to the NGC Price Guide, as of August 2025, a Peace Dollar from 1934 in circulated condition is worth between $41.50 and $135. However, on the open market 1934 Silver Dollars in pristine, uncirculated condition sell for as much as $55000.
What year is penny worth $50,000?
Great question! The 1959-D wheat penny is one of the most controversial mule coins ever. It’s worth $50,000! Here’s everything you could possibly want to know about the 1959-D penny error!