1941 Lincoln Wheat Pennies aren't very rare. Around 1,108,078,000 were minted in 1941 making them pretty common compared to other Wheat Cents.
This has some advantages and disadvantages for coin collectors. The good news is that they are pretty easy to get hold of for your collection. Even mint condition and proof coins are within most coin collector's budgets.
The bad news is that because they are so common, they aren't very valuable. Apart from their face value of one cent, they have a melt value of $0.0189 at today's metal prices.
1941 Lincoln Wheat Pennies were minted in three different locations across the United States.
Around 887,018,000 were minted in Philadelphia and have no mint mark. These are sometimes referred to as a 1941 P Wheat Penny. They are worth between $0.15 for a Good G-4 and $4.19 for an Uncirculated MS-63.
Philadelphia Mint also produced around 21,000 unmarked PR-63 Proof coins in 1941 which are worth around $42.
Denver Mint produced 128,700,000 coins with a D mint mark with are commonly referred to as a 1941 D Wheat Penny.
They are worth between $0.15 for a Good G-4 and $6.16 for an Uncirculated MS-63. No Proof graded pennies were produced in Denver that year.
San Francisco Mint produced the least amount of coins in 1941 at around 92,360,000 with a S mint mark below the date. These coins are known as the 1941 S Wheat Penny.
Similar to the Denver minted coins, they are worth between $0.15 for a Good G-4 and $6.16 for an Uncirculated MS-63. No Proof graded pennies were produced in San Francisco that year either.
You might be able to sell your coin on eBay or other online auction sites and get more than these estimated values. It all depends on the price a collector is willing to pay.
Similar to all wheat back pennies from 1909-1958, this coin was designed by Victor D Brenner. It is a red colored Bronze and is made from 95% Copper and 5% Zinc & Tin. It weighs 3.11 grams and is 19mm in diameter.
The observe or head side of the coin has a profile picture of Abraham Lincoln. Above the image is written, IN GOD WE TRUST.
At the left side of Lincoln is the word, LIBERTY and on the right side is the date with the mint mark below it.
Centered on the reverse or back of the coin it reads, ONE CENT UNITED STATES OF AMERICA. At either side of this writing there are stalks of wheat and at the top is written, E PLURIBUS UNUM.
Some people refer to the wheat on each side as a leaf or an ear. Brenner actually referred to them as two ears of durum wheat.
One of the most common errors is the doubled die. This occurs when the contact between the hub and the die needs to be repeated because one impression isn't enough to transfer all of the design.
The second impression becomes slightly misaligned because the mint worker hasn't correctly aligned the hub before the impression occurs which results in an overlapping of the design on the coin.
1941 doubled die wheat pennies can be worth up to $200 in good condition.
Another error to look out for is the Repunched Mintmark or RPM. This occurs when the letter punch used for creating the mintmark is misaligned during two or more impressions and results in an overlapping effect.
No, steel wheat pennies or cents which were made from steel coated zinc weren't produced until 1943.
They were only made in 1943 and 1944 because the US needed all available copper to make munitions for the war effort.
You might also here these coins referred to as the Wartime Steel Cent or Silver Wheat Back Pennies.
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