Old pennies handled with care and well preserved are sought by collectors. It’s really easy to tell if you have a 1944 steel penny or 1944 copper cent: Another test you can conduct on your 1944 pennies is to weigh them: If you have a 1944 penny that’s silver colored, looks like it’s made from steel, is magnetic, and weighs about 2.7 grams, it’s worth having it certified by a 3rd-party coin authentication service to determine if you have a real 1944 penny! Responding to the public outcry during a time of rations, officials in the U.S. government decided to return to using copper in the penny beginning in 1944 — choosing to derive the copper from spent shell casings.
Fact Check: What Power Does the President Really Have Over State Governors? Your email address will not be published. Immediately to the left of the central image is a raised inscription which reads “Liberty.” To the right of Lincoln’s image is a raised inscription marking the 1944 year of minting. There are a total of about two billion Lincoln cents produced in 1944. And that's wonderful news because you can now move on to documenting and pricing the rest of your collection. You can read the full disclosure, TreasurePursuits.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.
It may be a little tricky in the beginning, but educating yourself will help you jump-start this hobby.
Identify your coins using the image links. Date | Mintmarks | Condition are described and imaged with each series.
US Mint. Lincoln's ear is still without any wear on all examples. A soft brown toning of the copper lends to a nice eye appeal. A coin that is Abundant on a rarity scale. Being that there are no more 1944 Lincolns being produced, the scarcity of these coins is constantly on the rise, thus making the coins more valuable. The coin’s color might have faded to some extent, but the condition is flawless. Price. USA Coin Book Estimated Value of 1944 Lincoln Wheat Penny is Worth $0.05 in Average Condition and can be Worth $1.08 to $5.43 or more in Uncirculated (MS+) Mint Condition.
Uncirculated: A coin that is graded as being Uncirculated is one that never spent any time exchanging hands. Philadelphia and two branch mints struck pennies creating these unique coins. Preservation of devices, legends, and fields are inspected as to condition. More than 2.1 billion 1944 pennies were struck at the Philadelphia, Denver, and San Francisco Mints combined — and virtually all of these one-cent coins were made from copper. Wheat pennies from the mid-1940s differ from most other wheat cents. One of the more inexpensive pennies is the 1944 Wheat Penny. Value of these clipped planchet errors is dependent on amount of metal removed and overall condition of the coin. A good indication of coins below the extremely fine grade is large flat spots on the cheek below the eye and jaw line extending to chin. U.S. Mint. 1,435,400,000 wheat pennies struck at the Philadelphia mint. Any wear occurs on the hair detail lowering its profile. The minor visual differences between the copper pennies of other years and the brass pennies of 1944 to 1946 are only distinguishable among the uncirculated coins and are negligible in heavily circulated wheaties. Even though the United States Mint switched pennies from a steel composition to copper in 1944, some steel planchets were left behind in the presses, presumably by accident. The 1944 Lincoln penny is particularly desirable in the eyes of collectors not only because of its design, but also due to its scarcity. The government also produced a few steel wheat pennies in 1944 by mistake. Unlike the bronze pennies of 1909 to 1942 that were made with 95% copper and 5% tin and zinc mix, the brass pennies of 1944 has no trace of tin because they were made from striking recycled ammunition shells. The penny’s Victor David Brenner design is the same as that of the 1909 penny. Collectors should watch out for 1944 wheat pennies that are coated in zinc to make them look like 1944 steal wheat pennies.
It’s time to find out if you own the $100,000+ 1944 steel penny, or if your 1944 Lincoln cent is worth just 3 to 5 cents. 1944 marked the return of copper to the Lincoln Wheat Penny coins, though the denomination wasn’t struck with exactly the same composition as in 1942. Not only is this site tried and true, but it's easy to list anything you want, for just about any price. Subscribe to the JM Bullion newsletter to receive timely market updates and information on product sales and giveaways. It marks the first time any US coin exceeded 1 billion pieces. Collections can range from just a specific type of currency, like quarters, to a plethora of coins from around the world. Exactly how many of these pennies were produced is unknown, but the average value of a steel wheat penny ranges from $77,234 to $110,334 depending on its condition. US Mint. As for what the coin looks like, the obverse is dominated in the center by the profile of Abraham Lincoln. Fine: Fine is the grade given to 1944 Lincoln pennies that have been circulated for an extended period of time, but have not been so heavily damaged. 282,760,000 pennies. Wheat pennies are worth at least three times its face value, unless it is terribly worn out.
Collectors and dealers use a process of identifying and confirming: Date | Mint Mark | Condition. Arching overtop of the coin is an inscription which reads “In God We Trust.”. Extremely Fine: A coin that is determined to be of Extremely Fine grade is one that will be in mostly perfect condition, but might have a flaw or two.
But with the wide array of coins in the United States, you’ll be overwhelmed with where to begin. Wheat pennies are worth at least three times its face value, unless it is terribly worn out. In 1943, the Lincoln penny was made from a zinc-coated steel composition to help save copper for World War II ammunitions. 20 bids. The best way to begin collecting coins, if you don't already, is to inspect your pocket change closely. US Mint at Philadelphia Tour. Year Issued. $0.01 USD. However long you've been collecting, you know those coins with fancy markings and misprints have got to be worth something. Those were the Philadelphia Mint (P), the Denver Mint (D), and the San Francisco Mint (S). Tell us about in the comments below! Each is unique in scarcity, popularity and desirability. Often preserved with bright luster, mint state pennies are a collector favorite and valued highly. You never know what kind of neat coinage you might come across! Mint marks identify branch mints and further narrow value range. The value. One of the inscriptions marks the “One Cent” face value while another simply says “United States of America.” On the left and right outer edge of the reverse you will see two individual stalks of wheat, which is why the penny is sometimes referred to as the “Wheat Penny.” Finally, the Latin phrase “E Pluribus Unum” is arching overtop.
Bold details, describes any 1944-S preferred by collectors. https://www.usmint.gov/about/mint-tours-facilities/philadelphia/tour-information $44.00. View our, 1982 Penny Error: How to Assess the Value of This Famous Coin, 1953 Penny–A Popular Get for Beginning Numismatists, 1944 Jefferson Nickel – Silver Wartime Nickel, 1950 Wheat Penny Value in Uncirculated Penny, 1907 Barber Quarter – Value in the Proof and Silver, 1952 Half Dollar – Higher Value with Full Bell Lines. I’m also the editor at CDN Publishing (a trusted source for the price of U.S. rare coins), editor at the Florida United Numismatists Club (FUN Topics magazine), and author of Images of America: The United States Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). Wear has begun to merge the higher areas of the design. If you're new to coin collecting, it's always best to learn about as much as possible, starting with the collecting itself. The numismatic value of a penny … Uncirculated pennies have an average worth of $5.
If you are attempting to price the 1944 Lincoln penny, there are a few different things you must take in to consideration.
A visible error, clipped planchets become an interesting specialized set. A small flat spot just connecting the ear and hair is evident.
Perhaps you have a bunch of 1944 pennies and want to know if it’s worth taking them to a coin dealer to sell them. Average Circulated Condition: Collectors consider a wheat penny with moderate to heavy wear as grading in Fine or lower condition. Since it is more available, there is no need to compete for demand, hence its low appraisal at 10 to 20 cents for the heavily circulated grade. These coins are an affordable collection of an old obsolete series. And pennies with missing letters or double stamping can have additional value depending on the market. The average value of a penny from 1944, also called a 1944 wheat penny, is between 15 cents and $6 depending on its condition. Besides the metallic composition of the coin, what’s the biggest difference between a 1944 steel cent and a 1944 copper penny?
Pennies are a great way to kick start collecting coins for beginners and for numismatists that already have other sets of coins. But where do you start? Copyright © 2004-2020 The Fun Times Guide | Privacy Policy | About | Contact | Sitemap. Because the copper used in the 1944 through 1946 pennies were made from recovered ammunitions shells used in World War II. Stages of wear are identified and a grade is determined. Required fields are marked *. Advertisement. 1944 Liberty Dime – Higher Value with Full Bands, Where to Find Gold in Georgia: Three Places to Prospect for Gold.
Majority of these pennies have no mint marks meaning they came from Philadelphia. A clipped-planchet error was created. These coins never circulated and received no wear to the surface. Coin Values Moving with Precious Metals: Up-Dated 11/2/2020: Gold $1885 | Silver $23.95, Locate the correct position on the chart finding 1944 penny value. US coin value charts covering cents to gold. The coin’s reverse features in the center two different inscriptions. With a high figure production, these pennies are not really rare and lots are still in circulation.
But what we are saying is that when visiting these shops, play it safe and know what you have. With the highest number coined in all the wheat design series, 1944 cents are Abundant on a rarity scale. These Lincoln cents weigh 3.11 grams, has a diameter of 19.05 mm, a thickness of 1.55 mm, with plain edges. 1944 Australian penny value. Minimum value of wheat pennies is further refined by condition of the coin. The government produced around 1,435,400,000 of these pennies in 1944. And if you're new to collecting, you'll want tips on how to display your newfound treasure. Lincoln Wheat Penny Value Chart . Small clipped areas add a few dollars in value. This website uses cookies to ensure you get the best experience on our website. Pennies are generally inexpensive, so they make for good collection starters. Identify your date, mint and condition and refer to the value chart. What is a 1944 US penny worth?
Hold the coin a small distance from a 100-watt light and tilt at a shallow angle brings out subtle details. https://nnp.wustl.edu/library/publisherdetail/51 The Lincoln penny has been produced in the US for almost as long as coins have been produced by the US mint. I'm a member of the American Numismatic Association (ANA) and the Numismatic Literary Guild (NLG) and have won multiple awards from the NLG for my work as a coin journalist.
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