Image Source: USA Coinbook
The 1911 Wheat penny is worth between $0.48 (G4) and $61,688 (MS67RD) depending on the type of which there are 4 available.
Some 1911 Wheat pennies may also come with minting errors which could give them added value at auction.
The 1911 penny was the first Lincoln Wheat cent to be minted at the new Denver mint which opened 5 years earlier.
12,672,000 of the coins were minted that year with the D mintmark making them the oldest wheat penny to be produced by the Denver US Mint and makes them very collectible.
They are part of the special semi-key date range which collectors look out for in the Lincoln Wheat cent series.
It is very hard to find grades above MS65RD as Denver, along with San Francisco, were notorious for having poor quality presses compared to Philadelphia.
All Mint state 1911 D's are very scarce, while even quality Circulated versions are scarce.
They are worth about $6.32 for a G4 graded coin on the Sheldon Coin Grading Scale to a record breaking $61,688 which was paid at Legend Rare Coin Auctions in 2018 for a MS67RD.
The 1911 D Wheat penny certainly set the best auction sale price record for that year, but another highly sought after coin minted that year is the 1911 S Wheat penny.
4,026,000 were minted in San Francisco carrying the S mintmark. Outside the key dates for rare and valuable wheat cents, the low minted 1911 S is very scare and highly collectible by numismatists. It's the 6th lowest minted Lincoln Wheat cent.
They have a value of between $53 (G4) - $27,600 (MS66+RD). The auction record price of $27,600 was paid at Heritage Auctions in 2007.
Another favorite for collectors, the 1911 S is part of the semi-key date range of Lincoln wheaties.
Being very scarce in Mint State and rare in Gem Full Red, only add to the increasing value of these coins among numismatists.
In fact, only the 1909 S, 1909 S VDB and 1914 D are worth more for circulated grades.
Of all the varieties of 1911 wheat pennies produced, the most common is the Philadelphia minted coin with no mint mark. Sometimes collectors refer to them as 1911 P Lincoln Wheat cents.
There were 101,176,054 regular strike and 1,733 proof cents produced in the Philadelphia US Mint in 1911.
The regular strike version is worth between $0.48 (G4) - $21,850 (MS67+RD). The record auction price of $21,850 was achieved in 2007 by Heritage Auctions for a Mint State 67+ Red.
The proof version of the 1911 Wheat penny is worth between $578 (PR63) - $14,950 (PR66+RD). The record auction price of $14,950 was paid in 2005 at Heritage Auctions and the penny is now part of the William Bickel Collection.
Watch the video below to find out more about how much 1911 Wheat pennies are worth.
There are not too many errors to look out for in the 1911 Wheat penny.
Most errors come from the Denver and San Francisco mints and the most common are Repunched Mint Marks (RPM). You will find some S over S and D over D RPM varieties.
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