1949 Penny Value – The 1949 Lincoln penny wasn’t the most valuable penny at all it was a common penny, produced in quite mass quantity, leaving its value would be worth if not the initial face value of $0.1, or slightly higher than $0.5. However, there are many variations and specimens of the 1949 Lincoln penny itself, and some of them are quite valuable and have their worth.
Just like the article we discussed earlier 1944 steel penny value, where we talk and delve into the older Lincoln Penny head, this one is no different, especially about the value of the 1949 penny that has no mint mark.
In this article, we would discuss the 1949 wheat penny no mint mark, discuss its value, worth, and how it was graded in the current old coins market.
First, let’s take a look at the specifications, origins, and history of the 1949 Lincoln penny, and also with the 1949 penny no mint mark variety. How much is the 1949 wheat penny value worth? And is it good to invest your money in old coins?
1949 Wheat Penny Value: Error, Origins, History, And Specifications
The Lincoln wheat penny is one of the most iconic pieces of penny ever minted in US history, and it has been used in circulations for more than decades. It is one of the most long-lasting pennies that the US has ever minted.
One of the special coins from the Lincoln wheat penny is the 1949 Lincoln wheat penny, and the 1949 penny coin value has quite a good increase and reputation as a collectible.
The 1949 penny value was seen increasing, due to the obvious reason they weren’t produced anymore, hence the scarcity and rarity of these types of coins have been increasing each year.
A lot of variations of the Lincoln 1949 penny have also been found with several errors, such as the 1949 penny no mint mark, die to crack penny, and so on.
As the scarcity of the coin increase, so to the popularity of each coin, and initially its intrinsic value would also increase.
To further know about these types of a penny, as well as its alterations such as the 1949 wheat penny no mint mark, and other error pennies, here are the complete specifications of the Lincoln 1949 Wheat penny.
- Coin type: Lincoln head wheatear penny
- Year: 1949
- Initial face value: $0.01
- Metal composition: 95% Copper with 5% composition of Zinc and Alloy
- Weights: around 2.5 g
- Mark: No mark
The design of the 1949 Lincoln head penny is similar to another type of Lincoln penny. On the observable side, you can see the Lincoln head penny, with the inscription of “IN GOD WE TRUST”, along with the date and “LIBERTY”.
On the reverse side, we can see pair of wheatear, with the inscription of “One Cent” and “UNITED STATES OF AMERICA”.
How Valuable It Is The 1949 Lincoln Wheat Penny?
To determine the 1949 d penny value, and Lincoln wheat penny value, many collectors are focused on one factor, and that is the conditions of the penny itself.
The conditions range from poor conditions to good, fine, extra-fine, and also near-minted states, and these conditions will be separated into a few grades.
This grade is the official grading system to determine many valuable pennies such as with1949 s wheat penny value.
To better understand how this grading system work, you need to know about a few of the most occurrence condition for rare pennies, and how it was valued by many collectors of a penny.
- Uncirculated Condition: Uncirculated means that the coin itself never spent its time in the open market, or circulated in the public. This coin has been kept safe in the bank and cared for by professionals, so it retains its pristine condition after all these years.
- Poor: Poor grade is the lowest grade of the 1949 wheat penny no mint mark and the official grading system. Poor-grade coins have several clipping, chipping, and damage, and sometimes their inscription isn’t even intact.
This coin would not even be worth it to sell for its initial face value.
- Good: Good grade is a coin that has seen heavy circulation since 1949. There are bits of damage, scratching, and smoothing on its inscription. Even though there is little damage, this coin would still be highly sought after by some people.
- Fine: Fine grade was circulated coin, however, it doesn’t have a significant portion of damage, unlike the good and poor grades. There is a sign of tear and wear here and there; however, it is still quite in good condition.
- Extremely Fine: The 1949 penny no mint mark in extremely fine grade means that it is very little damage, and seen very little in circulation. It has a small flaw, only one or two damage.
- Nearly Minted State: It is one of the rarest, and higher-end grades. A nearly minted state means that the condition is pristine, and flawless, just like it has been minted yesterday. The 1949 penny no mint mark in MS state would fetch more than hundreds of dollars.
Faqs And Guide About The 1949 Lincoln Penny Worth
When it comes to the Lincoln penny, especially those that were minted around 1945 to the 1950s, it is quite an iconic coin, partially due to its produced while on wartime, during World War II efforts.
Keep in mind that the 1949 penny value is also subjected to the law of supply and demand from the United States, ensuring that the buyer and sellers will have a fair price, and not manipulate its supply and demand.
Regardless, some of the pennies can be worth a pretty good amount of money, and if you know the value of some grades and types, some of them can get you more money.
If you want to start your collection of old coins, One of the most popular collections was the penny minted during wartime, and you can start with the 1940s penny, such as the 1949 penny.
How Much is a 1949 Penny Worth?
1949 Penny is mostly worth its initial face value of one cent ($0.01). If you decide to melt the 1949 penny, the melting price for the 1949 Penny is around $0.02 which isn’t much, most of the common grade of the 1949 penny was around the worth of its initial value, however, some 1949 penny error could bring its value for around $5 to $20.
Some of the error pennies might be much worth it, even if it is such a common penny as the 1949 penny. Some error pennies can get you around $10 to $50; it also depends on the grade, as well as its category.
How Do Find 1949 Pennies Worth Money?
Considering most of the 1949 pennies are very common, and few of them were rarely minted, it is quite hard to find some of the 1949 pennies that worth money. However, you can still find a few of the rare 1949 Pennies by going to the old coin auction and gallery.
You can also find other collectors and old coin dealers online, and if you are lucky you might stumble upon great collections.
How Much is a 1949 Penny Worth and How Do We Know About it?
How much is a 1949 d penny worth? And the other variety of pennies? It all depends on the grading of each 1949 penny. The grade is separated into a few grades, from the cheapest grade Poor grade (PR) to the most pristine, grade of MS. Poor grades would only just value one cent, the good grade can get you around $0.06 to $2.
As for the 1949 penny worth, remember that is affected by several factors, from the conditions, grading, and error pennies, and it is also subject to the United States law of supply and demand.
The answer on how much it is valuable in the eye of collectors also depends on how the coin was appreciated by another collector.
Looking for More Information About Coins? Check Other Years From This Lincoln ( Wheat ) Penny Series:
1909 1910 1911 1912
1913 1914 1915 1916
1917 1918 1919 1920
1921 1922 1923 1924
1925 1926 1927 1928
1929 1930 1931 1932
1933 1934 1935 1936
1937 1938 1939 1940
1941 1942 1943 1944
1945 1946 1947 1948
1949 1950 1951 1952
1953 1954 1955 1956
However, some rare grade, especially some of the higher-end grade of MS is incredibly rare and very expensive.
The highest grade is MS 70, it is a pristine, perfectly mint condition that if auctioned off is at least could get you thousands of dollars.
What Makes a 1949 Penny Rare?
Some of the rare 1949 penny was because of the error pennies, making them have their special intrinsic value in the eye of collectors. Some errors such as the 1949 no mint penny error, double die 1949 penny, and many other errors and redesign will, in turn, create such special items that are rare, hence increasing their value.
Some of the 1949 penny were rare, such as the 1949 wheat penny no mint mark, however, not all of them have their value, and would be worth more than $10. Most of the 1949 penny, such as the poor grade to good grades would value from around $0.5 to $5. Some of the rarest and premium pence such as the MS grade are worth more than a hundred dollars though.