Wheat pennies, minted between 1909 and 1958, hold a special place in the hearts of coin collectors. Known for the two wheat ears on their reverse side, these coins aren’t just spare change; they’re valuable collectibles. Some rare Wheat pennies are even more special because they contain minting errors.
These errors make certain coins one-of-a-kind, significantly boosting their value. Collectors eagerly seek out these error coins, some of which are worth thousands of dollars, especially in pristine condition.
Let’s explore five of the most valuable Wheat penny error coins and what makes them so desirable for collectors.
1. 1943 Double Die Obverse (DDO) Wheat Penny
One of the most notable and valuable Wheat penny errors is the 1943 Double Die Obverse (DDO). A double die error occurs when the die used to imprint the coin’s design shifts slightly between strikes, creating a “doubled” image. The doubling is clear on the word “Liberty” and parts of the “9” and “3” in the date on this coin.
Value by Condition:
- Circulated: Around $30
- About Uncirculated (AU55): Approximately $100
- Gem Quality (MS65): Can fetch up to $1,500
Collectors love the 1943 DDO for its unique appearance, making it a must-have for those building a complete error coin collection.
2. 1943 Denver Mint Repunched Mintmark (RPM) Wheat Penny
Another sought-after error is the 1943 Denver Mint Repunched Mintmark (RPM) Wheat penny. This error involves the “D” mintmark being struck twice, with the first impression visible slightly below and to the left of the second.
Value by Condition:
- Fine (F12): About $75
- Near Mint (AU55): Around $200
- Uncirculated: Prices range from $1,000 to a remarkable $15,000 for the highest grades
This error adds a distinct visual element to the coin, making it a standout piece that’s cherished among enthusiasts.
3. 1944 Denver Over San Francisco (D over S) Mintmark Wheat Penny
The 1944 “D over S” mintmark error is a favorite among collectors. This mistake happened when a die intended for San Francisco with an “S” was mistakenly sent to Denver and re-stamped with a “D.” Careful examination reveals traces of the original “S” under the “D.”
Value by Condition:
- Fine Condition Circulated: Roughly $75
- About Uncirculated: Around $260
- Mint State: Values rise significantly, from $4,000 up to $20,000 for high-grade examples
This error coin is rare and prized, especially when found in near-perfect condition.
4. 1936 Double Die Obverse Wheat Penny
Another valuable error coin from the Wheat penny series is the 1936 Double Die Obverse (DDO). The doubling effect on this penny can be seen on the words “In God We Trust,” “Liberty,” and the date. Collectors highly value this coin for its clear and visible doubling.
Value by Condition:
- Circulated Lower Grades: Around $100
- About Uncirculated (AU55): Approximately $200
- Mint State Gem Quality (MS65): Reaches up to $600, with pristine examples fetching as much as $5,000
This DDO error is distinctive and adds a level of rarity that collectors appreciate.
5. 1909 San Francisco Mint Double Mintmark (S over Horizontal S) Wheat Penny
The 1909 Wheat penny marked the beginning of the series, and certain coins from this year contain a unique mintmark error. Known as the “S over Horizontal S” error, this coin displays a second “S” mintmark stamped over an initially horizontal “S.” This subtle error requires magnification to see clearly, but it adds considerable value to the coin.
Value by Condition:
- Circulated: Around $100
- About Uncirculated: Approximately $250
- Mint State (MS60 Brown): Around $330
- Rare MS67 Red Toned Examples: Auctioned for up to $32,900 in 2022
This error is subtle but adds intrigue to the 1909 penny, making it an impressive and valuable addition to any collection.
Valuable Wheat Penny Errors
| Coin Type | Error Type | Value (Circulated) | Value (AU55) | Value (MS65 and Above) |
|---|---|---|---|---|
| 1943 Double Die Obverse (DDO) | Doubled image on date/Liberty | $30 | $100 | Up to $1,500 |
| 1943 Denver Repunched Mintmark | Double “D” mintmark | $75 | $200 | $1,000 – $15,000 |
| 1944 Denver Over San Francisco | “D” over “S” mintmark | $75 | $260 | $4,000 – $20,000 |
| 1936 Double Die Obverse (DDO) | Doubled words and date | $100 | $200 | $600 – $5,000 |
| 1909 San Francisco Double Mintmark | “S” over horizontal “S” | $100 | $250 | $330 – $32,900 |
Collecting Wheat pennies, especially those with errors, is a fascinating hobby that combines history, art, and investment. Each coin tells a story of its unique creation and error, making these coins not only valuable but also rich in history and character.
Whether you’re a seasoned collector or a curious newcomer, the hunt for these rare pennies can be both thrilling and rewarding.
FAQs
Error coins are valuable because they are rare and often unique. Minting mistakes mean fewer coins exist with these features, making them collectible and desirable to enthusiasts.
A DDO occurs when the coin die shifts between strikes, creating a doubled image on the front of the coin. This doubling is most commonly seen on dates, words, and letters.
Use a magnifying glass to check your penny for unusual features, like doubled images or irregular mintmarks. If you’re unsure, you can consult a professional coin grader.
No, even circulated Wheat pennies with errors can be valuable. However, the condition affects the value, with higher-grade examples fetching the highest prices.
You can sell valuable Wheat pennies at coin shows, through online auction sites, or directly to collectors and dealers. Getting your coin graded first can help you receive a fair value.
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