The Value Of A 1935 Wheat Penny

The Value Of A 1935 Wheat Penny

How much is a 1935 wheat penny worth?

The 1935 wheat penny is a one-cent coin that was minted in the United States from 1909 to 1956. It is made of copper and features a wheat stalk on the reverse. The 1935 wheat penny is one of the most common wheat pennies, with over 1.3 billion coins minted. As a result, it is not particularly valuable, with most examples being worth only a few cents. However, some 1935 wheat pennies can be worth more depending on their condition and variety.

The most valuable 1935 wheat pennies are those that were struck in the early part of the year. These coins have a sharp strike and are free of any major defects. They can be worth up to $10 or more. 1935 wheat pennies that were struck later in the year are not as valuable, but they can still be worth a few cents each.

In addition to the condition of the coin, the variety can also affect its value. There are several different varieties of the 1935 wheat penny, each with its own unique characteristics. Some of the more valuable varieties include the 1935-D wheat penny, which was minted in Denver, and the 1935-S wheat penny, which was minted in San Francisco.

Overall, the value of a 1935 wheat penny depends on its condition, variety, and year of minting. While most 1935 wheat pennies are worth only a few cents, some can be worth up to $10 or more.

1935 wheat penny worth

The 1935 wheat penny is a one-cent coin that was minted in the United States from 1909 to 1956. It is made of copper and features a wheat stalk on the reverse. The 1935 wheat penny is one of the most common wheat pennies, with over 1.3 billion coins minted. As a result, it is not particularly valuable, with most examples being worth only a few cents. However, some 1935 wheat pennies can be worth more depending on their condition and variety.

  • Condition
  • Variety
  • Year of minting
  • Mint mark
  • Errors
  • Numismatic value

The condition of a coin is one of the most important factors in determining its value. A coin that is in mint condition, with no scratches or other damage, will be worth more than a coin that is in poor condition. The variety of a coin also affects its value. There are several different varieties of the 1935 wheat penny, each with its own unique characteristics. Some of the more valuable varieties include the 1935-D wheat penny, which was minted in Denver, and the 1935-S wheat penny, which was minted in San Francisco.

The year of minting can also affect the value of a coin. Coins that were minted in the early part of the year are often worth more than coins that were minted later in the year. This is because the dies that were used to strike the coins were new and sharp at the beginning of the year, and they became worn and dull as the year progressed.

The mint mark is another factor that can affect the value of a coin. Coins that were minted at the Philadelphia Mint do not have a mint mark, while coins that were minted at the Denver Mint have a "D" mint mark and coins that were minted at the San Francisco Mint have an "S" mint mark. Coins with a mint mark are often worth more than coins without a mint mark.

Errors can also affect the value of a coin. Errors are mistakes that occur during the minting process, such as a coin being struck off-center or having a missing design element. Coins with errors are often worth more than coins without errors.

Finally, the numismatic value of a coin is also a factor in determining its worth. Numismatic value is the value that a coin has to collectors. Coins that are rare or have historical significance are often worth more than coins that are common or have no historical significance.

1. Condition

The condition of a coin is one of the most important factors in determining its worth. This is especially true for the 1935 wheat penny. A coin that is in mint condition, with no scratches or other damage, will be worth more than a coin that is in poor condition.

  • Uncirculated

    An uncirculated coin is a coin that has never been circulated, meaning it has not been used as currency. Uncirculated coins are the most valuable type of coin, and they can be worth up to 10 times more than a circulated coin of the same type.

  • Extremely fine

    An extremely fine coin is a coin that has been circulated, but it shows only slight signs of wear. Extremely fine coins are worth less than uncirculated coins, but they can still be worth a significant amount of money.

  • Fine

    A fine coin is a coin that has been circulated and shows moderate signs of wear. Fine coins are worth less than extremely fine coins, but they can still be worth a decent amount of money.

  • Good

    A good coin is a coin that has been heavily circulated and shows significant signs of wear. Good coins are worth less than fine coins, but they can still be worth a small amount of money.

When determining the condition of a coin, it is important to look at the following factors:

  • The surface of the coin. Look for any scratches, dents, or other damage.
  • The edges of the coin. Look for any nicks or other damage.
  • The strike of the coin. The strike is the sharpness of the design on the coin. A coin with a weak strike will be worth less than a coin with a strong strike.

By following these tips, you can accurately determine the condition of a 1935 wheat penny and estimate its worth.

2. Variety

The variety of a coin refers to the different types of the same coin that were minted in the same year. Coins can have different varieties because of changes in the dies that were used to strike them, or because of changes in the minting process itself.

  • Die variety

    Die variety refers to the different types of dies that were used to strike a coin. Dies can vary in terms of their design, their size, and their shape. Die variety can be caused by a number of factors, such as the use of different master dies, the use of different working dies, or the use of dies that have been damaged or repaired.

  • Mint mark variety

    Mint mark variety refers to the different types of mint marks that can appear on a coin. Mint marks are used to identify the mint where a coin was struck. Different mints may use different mint marks, and the same mint may use different mint marks over time.

  • Metal variety

    Metal variety refers to the different types of metal that can be used to strike a coin. Coins can be made of a variety of metals, including copper, silver, gold, and nickel. Different metals may be used for different denominations of coins, or for different commemorative coins.

  • Finish variety

    Finish variety refers to the different types of finishes that can be applied to a coin. Coins can be minted with a variety of finishes, including proof, uncirculated, and circulated. Different finishes may be used for different denominations of coins, or for different commemorative coins.

The variety of a coin can affect its value. Some varieties are more rare than others, and therefore more valuable. For example, the 1935 wheat penny with the "D" mint mark is more valuable than the 1935 wheat penny with the "S" mint mark, because the "D" mint mark is more rare.

3. Year of minting

The year of minting is an important factor in determining the worth of a 1935 wheat penny. Coins that were minted in the early part of the year are often worth more than coins that were minted later in the year. This is because the dies that were used to strike the coins were new and sharp at the beginning of the year, and they became worn and dull as the year progressed.

  • Early year coins

    Coins that were minted in the early part of the year are often worth more than coins that were minted later in the year. This is because the dies that were used to strike the coins were new and sharp at the beginning of the year, and they became worn and dull as the year progressed. As a result, early year coins often have a sharper strike and more detailed design than later year coins.

  • Late year coins

    Coins that were minted in the latter part of the year are often worth less than coins that were minted earlier in the year. This is because the dies that were used to strike the coins were worn and dull by this time, and they produced coins with a weaker strike and less detailed design. Late year coins may also have more wear and tear, as they were in circulation for a longer period of time.

The year of minting can also affect the value of a coin if there were any changes to the design or composition of the coin during that year. For example, the 1935 wheat penny was minted with a steel centennial composition in addition to the regular copper composition. The steel centennial coins are worth more than the regular copper coins.

4. Mint mark

A mint mark is a letter or symbol that is stamped on a coin to indicate the mint where it was struck. The mint mark is usually located on the reverse of the coin, below the year of minting. The 1935 wheat penny was minted at three different mints: the Philadelphia Mint, the Denver Mint, and the San Francisco Mint. The mint mark for the Philadelphia Mint is omitted, the Denver Mint is "D", and the San Francisco Mint is "S".

The mint mark can affect the value of a 1935 wheat penny. Coins that were minted at the Philadelphia Mint are more common than coins that were minted at the Denver Mint or the San Francisco Mint. As a result, coins with the "D" or "S" mint mark are worth more than coins without a mint mark.

For example, a 1935 wheat penny with the "D" mint mark is worth around $10 in uncirculated condition. A 1935 wheat penny with the "S" mint mark is worth around $15 in uncirculated condition. A 1935 wheat penny without a mint mark is worth around $5 in uncirculated condition.

The mint mark is an important factor to consider when determining the value of a 1935 wheat penny. Collectors are willing to pay more for coins with the "D" or "S" mint mark because they are more rare.

5. Errors

Errors are mistakes that occur during the minting process, such as a coin being struck off-center or having a missing design element. Errors can occur for a variety of reasons, including worn dies, misaligned dies, and foreign objects in the dies. While errors are generally considered to be undesirable, they can actually increase the value of a coin, especially if the error is rare.

The 1935 wheat penny is one of the most popular coins to collect, and errors on this coin can be quite valuable. Some of the most common errors on the 1935 wheat penny include:

  • Off-center strike: This occurs when the coin is not centered properly between the dies, resulting in a coin that is struck off-center.
  • Double strike: This occurs when the coin is struck twice by the dies, resulting in a coin with a doubled design.
  • Missing clad layer: This occurs when the clad layer of the coin is missing, resulting in a coin that is a different color than normal.
  • Broadstrike: This occurs when the coin is struck with too much force, resulting in a coin that is wider than normal.
  • Weak strike: This occurs when the coin is struck with too little force, resulting in a coin that has a weak design.

The value of an error coin depends on a number of factors, including the type of error, the rarity of the error, and the condition of the coin. Some errors are more common than others, and therefore less valuable. For example, an off-center strike is a relatively common error, and therefore not as valuable as a double strike or a missing clad layer.

The condition of the coin also affects its value. A coin that is in good condition will be worth more than a coin that is in poor condition. This is because a coin that is in good condition is more likely to have a strong strike and a detailed design.

Error coins can be a great way to add variety to your coin collection. They can also be a valuable investment, as some error coins can be worth a significant amount of money.

6. Numismatic value

Numismatic value refers to the value that a coin has to collectors. Coins that are rare or have historical significance are often worth more than coins that are common or have no historical significance. The numismatic value of a coin is determined by a number of factors, including its condition, rarity, and demand.

The 1935 wheat penny is a popular coin among collectors, and its numismatic value can vary depending on its condition and variety. For example, a 1935 wheat penny in mint condition with the "D" mint mark is worth around $10. The same coin in circulated condition is worth around $1.

The numismatic value of a 1935 wheat penny is important because it can affect its overall worth. A coin with a high numismatic value is worth more than a coin with a low numismatic value, even if the two coins are in the same condition and have the same variety.

Understanding the numismatic value of a 1935 wheat penny is important for collectors and investors alike. Collectors can use this information to determine the value of their coins, and investors can use this information to make informed decisions about which coins to buy and sell.

FAQs about 1935 wheat penny worth

The 1935 wheat penny is a popular coin among collectors, and its value can vary depending on its condition and variety. Here are some frequently asked questions about the worth of 1935 wheat pennies:

Question 1: What is the average worth of a 1935 wheat penny?

The average worth of a 1935 wheat penny is around $0.10. However, the value of a 1935 wheat penny can vary depending on its condition, variety, and mint mark.

Question 2: What is the most valuable 1935 wheat penny?

The most valuable 1935 wheat penny is the 1935-S wheat penny, which was minted at the San Francisco Mint. The 1935-S wheat penny is worth around $15 in uncirculated condition.

Question 3: What are some factors that affect the value of a 1935 wheat penny?

Some factors that affect the value of a 1935 wheat penny include its condition, variety, mint mark, and numismatic value.

Question 4: Where can I sell a 1935 wheat penny?

You can sell a 1935 wheat penny to a coin dealer, at a coin show, or online.

Question 5: How can I determine the value of a 1935 wheat penny?

You can determine the value of a 1935 wheat penny by looking at its condition, variety, mint mark, and numismatic value. You can also use a coin grading service to determine the value of your coin.

By understanding the factors that affect the worth of 1935 wheat pennies, you can make informed decisions about buying and selling these coins.

Transition to the next article section:

Conclusion

The 1935 wheat penny is a popular coin among collectors, and its worth can vary depending on its condition and variety. The most valuable 1935 wheat penny is the 1935-S wheat penny, which was minted at the San Francisco Mint. The 1935-S wheat penny is worth around $15 in uncirculated condition.

When determining the worth of a 1935 wheat penny, it is important to consider its condition, variety, mint mark, and numismatic value. Coins that are in good condition, rare varieties, and have a high numismatic value are worth more than coins that are in poor condition, common varieties, and have a low numismatic value.

1935 wheat pennies can be a valuable investment, as they can increase in value over time. Collectors and investors alike should be aware of the factors that affect the worth of 1935 wheat pennies in order to make informed decisions about buying and selling these coins.

1935 Wheat Penny Value and Price Chart
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1935 Lincoln Wheat Pennies Values and Prices Past Sales

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