Lincoln Wheat Penny Key Dates, Rarities and Varieties.
Learn to Identify the Most Valuable Lincoln Wheat Cents.
Knowing which Lincoln Wheat pennies are key dates, rarities or varieties will help you appreciate that a small difference on a coin can mean significant differences in its value. You can learn how to identify these coins by studying the description of each variety of Lincoln cent paying particular attention to the photo of the coin. Many factors go into determining the value of a coin and some of them are quite valuable while others are not.
You can also use the Lincoln Wheat Penny value and price guide to determine current market trends of these coins. Since Lincoln cent specialist and experts are usually the only people that collect the minor varieties, they are not listed here. Intermediate and advanced coin collectors actively seek out the types that are listed below.
1909-S VDB
In 1909 the United States Mint stopped producing Indian Head pennies and started producing Lincoln cents. Victor David Brenner designed the new penny at the request of President Theodore Roosevelt. Brenner's redesign was met with some resistance, specifically from Chief Engraver Charles Barber. Originally, the obverse of the coin contained Brenner's signature. This was removed at the request of Mint Director Frank A. Leech. Instead, Brenner added his initials "V.D.B." to the reverse of the coin at the bottom between the stalks of the wheat ears. Given the limited capacity of the San Francisco Mint in 1909, only 484,000 coins were produced. This coin is easily identified by the "S" under the date on the obverse and Brenner's initials "V.D.B." on the reverse. Beware of counterfeit and altered coins. Given the high value of this coin, only certified coins from third-party grading services should be purchased.
Estimated Average Sell ValueCirculated: $400
Estimated Average Sell Value Uncirculated: $1,200
Estimated Average Buy Price Circulated: $700
Estimated Average Buy Price Uncirculated: $1,800
1909-S
After the Mint's Chief Engraver Charles Barber saw that the new Lincoln cent had all three of Victor D. Brenner's initials on the reverse, he vehemently petitioned the Mint Director to have them removed. Since the late 1800s, only Barber's first initial of his last name ("B") appeared on the coins that he designed. Mint engravers in Philadelphia manufactured new reverse coin dies and sent them to the San Francisco mint facility. Unfortunately, there was only enough time left in the year to mint 1,825,000 coins. Compared to the almost 73,000,000 coins minted in Philadelphia this amount is relatively small.
Estimated Average Value Circulated: $50
Estimated Average Value Uncirculated: $210
Estimated Average Price Circulated: $80
Estimated Average Price Uncirculated: $320
1909-S Over Horizontal S
Up until 1990, mint employees used a small letter punch to add the mint mark to the working die by hand. Although very precise in their work, the exact position of the mint Mark tended to vary. Additionally, sometimes employees punched the wrong letter or oriented the letter in the wrong place. Since coin die production was a very manual labor intensive process, dies that had mintmark mistakes on them were not scrapped but fixed so that a proper mintmark would appear. Regrettably, the errors were not always entirely removed, and some remnants of the mistake remained underneath the new mintmark. This is numismatically referred to as a "re-punched mintmark" or RPM.
Learn to Identify the Most Valuable Lincoln Wheat Cents.
Knowing which Lincoln Wheat pennies are key dates, rarities or varieties will help you appreciate that a small difference on a coin can mean significant differences in its value. You can learn how to identify these coins by studying the description of each variety of Lincoln cent paying particular attention to the photo of the coin. Many factors go into determining the value of a coin and some of them are quite valuable while others are not.
You can also use the Lincoln Wheat Penny value and price guide to determine current market trends of these coins. Since Lincoln cent specialist and experts are usually the only people that collect the minor varieties, they are not listed here. Intermediate and advanced coin collectors actively seek out the types that are listed below.
1909-S VDB
In 1909 the United States Mint stopped producing Indian Head pennies and started producing Lincoln cents. Victor David Brenner designed the new penny at the request of President Theodore Roosevelt. Brenner's redesign was met with some resistance, specifically from Chief Engraver Charles Barber. Originally, the obverse of the coin contained Brenner's signature. This was removed at the request of Mint Director Frank A. Leech. Instead, Brenner added his initials "V.D.B." to the reverse of the coin at the bottom between the stalks of the wheat ears. Given the limited capacity of the San Francisco Mint in 1909, only 484,000 coins were produced. This coin is easily identified by the "S" under the date on the obverse and Brenner's initials "V.D.B." on the reverse. Beware of counterfeit and altered coins. Given the high value of this coin, only certified coins from third-party grading services should be purchased.
Estimated Average Sell ValueCirculated: $400
Estimated Average Sell Value Uncirculated: $1,200
Estimated Average Buy Price Circulated: $700
Estimated Average Buy Price Uncirculated: $1,800
1909-S
After the Mint's Chief Engraver Charles Barber saw that the new Lincoln cent had all three of Victor D. Brenner's initials on the reverse, he vehemently petitioned the Mint Director to have them removed. Since the late 1800s, only Barber's first initial of his last name ("B") appeared on the coins that he designed. Mint engravers in Philadelphia manufactured new reverse coin dies and sent them to the San Francisco mint facility. Unfortunately, there was only enough time left in the year to mint 1,825,000 coins. Compared to the almost 73,000,000 coins minted in Philadelphia this amount is relatively small.
Estimated Average Value Circulated: $50
Estimated Average Value Uncirculated: $210
Estimated Average Price Circulated: $80
Estimated Average Price Uncirculated: $320
1909-S Over Horizontal S
Up until 1990, mint employees used a small letter punch to add the mint mark to the working die by hand. Although very precise in their work, the exact position of the mint Mark tended to vary. Additionally, sometimes employees punched the wrong letter or oriented the letter in the wrong place. Since coin die production was a very manual labor intensive process, dies that had mintmark mistakes on them were not scrapped but fixed so that a proper mintmark would appear. Regrettably, the errors were not always entirely removed, and some remnants of the mistake remained underneath the new mintmark. This is numismatically referred to as a "re-punched mintmark" or RPM.
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