BEST WHEAT PENNIES FOR SALE
When you own an early 20th century wheat penny, it gives you a sense of what life would have been like within the last hundred years or so. It can also bring posterity to the forefront.
Wheat pennies are 1 cent coins produced from 1909 to 1958 in USA. Their value can vary significantly from one to another. Their value increased to such a level that some 1943 bronze wheat pennies were sold for a whopping $100,000 in auctions throughout the United States.
This shows exactly how insane the market can be. Not to say that every old wheat coin is going to be of that value or would command the same price.
However every wheat penny you have or buy has its particular value. Various coins have been minted within this period, but the price of each penny can be affected by many factors.
FACTORS AFFECTING THE PRICE OF WHEAT PENNIES
They are many factors that influence the price of wheat pennies; the primary factor is the demand. Any coin that is particularly asked for by collectors tends to command a higher value, when wheat pennies are among the most sought after coins there value will increase over time.Rarity is also a major determinant of the price of wheat pennies because the rarest coins have always come up as the valuable coins. The primary driver is the specific amount of penny produced each year (mintage). The lowest mintage years tend to have a hard time persisting in circulation and hence are harder to find.
It is also important to note at this point that all wheat pennies are worth more than face value. Indeed the price of copper is high enough that a 1 cent wheat penny is valued 2-3 cents solely for its metal content. This is in addition to the numismatic value, which is about 5-10 cents for common dates of the 1934-1958 range. Wheat pennies below 1934 typically command a much higher premium.
The last but not the least is the overall coin condition. An ugly, bent or corroded coin doesn’t have the same eye appeal and of course not be worth as much as a pristine one. A careful evaluation of the coin condition is essential in determining its value. A roll of wheat pennies of the 1940’s in an unused not circulated condition can be easily worth in the hundred dollars.