1911 Penny Value – If you collect antique coins, then you might already understand that the value of old coins sometimes surpasses the initial face value. For example, an old penny like with Indian head penny, or the Wheatear Lincoln penny has more intrinsic value that surpasses its initial face value of $0.01, and it is worth more because of its compositions, rarities, oddities, and grading.
Today, we are going to talk about the 1911 penny value and worth in today’s antique coin market, how the value of a 1911 penny could change depending on the grading, rarity, and conditions, and what kinds of old 1911 penny that worth your money, and an overall guide to know which 1911 penny worth your money.
To better understand the 1911 penny value and overall worth in the current market, we need to understand first the origin, and history behind the 1911 Lincoln wheat penny. So first, here is the history and origin of the 1911 Lincoln wheat penny.
The 1911 Lincoln penny is first created in 1909. Its initial design is created to replace the older Indian head penny that has been in circulation for decades.
The wheat ear penny is also considered one of the longest-lasting pence in circulations in the history of the United States.
It has a beautiful observed design side that shows the bust of US President Abraham Lincoln, with the inscription of “IN GOD WE TRUST”.
The reverse side of the coin features the nomination of ONE CENT, with the inscription of UNITED STATES OF AMERICA on the center of the coin, along with two stalks of wheat around the edges, and the saying of E-PLURIBUS UNUM on the top of the inscription.
The composition of the 1911 Lincoln wheat penny is just like any other old penny, it is composed of 95% Copper, and 5% Zinc and Tin.
What makes an old coin such as the 1911 wheat penny worth the money is the value of the metal composition on the coin itself.
The initial face value is one cent ($0.01), however, the value of this coin is now increased thanks to the inflated price of precious metals used in the 1911 penny, and the 1911 penny value also increased thanks to the category, grading, rarity of its old coins, the price of old metals used, and also the error coins.
The price could increase from around $10 to $20 for a fine grade, and increase by ten times if it is finer.
Some of the rarer and different categories of each 1911 Lincoln coin also has different price and value. For example, there is a different category of 1911, from the 1911 Lincoln coin, 1911 S penny, and 1911 D penny.
The different value of 1911-s penny value has different prices, 1911 wheat penny error might also improve thanks to grade, rarity, and also error.
1911 Lincoln Wheat Penny Specifications
Here are the initial specifications for the 1911 Lincoln wheat penny
Initial face value: $0.01 (1 cent)Composition: 95% Copper, 5% Tin and ZincWeight: 0.109 ouncesDiameter: 0.75 inchThickness: 0.05 inchShape: roundEdge design: Plain, with brown color (discoloration might occur due to the bronze oxidation)
The coin itself is pretty unique because you can see the initials of the designers at the bottom rim of the coin. This is one reason that increases the 1911 penny value, but several other reasons might increase the grading of the 1911 penny value.
The original penny of this series in 1909 had this unique design of the designer’s initials but was later removed from the public circulations because it is too prominent, not featured officially, and US official mintage has removed the controversial letters of the designer’s initials on the same year in 1910.
However, in 1918, the initials reappear, now in more discreet locations, right under the shoulder of Lincoln’s bust.
These discreet initials normally disappear once the penny has been older, and spent its time in circulation, has it is very rare to have a mint that still has these special discreet initials. However, nowadays, this won’t change much in the 1918 penny value.
So, to answer the question of how much a 1911 wheat penny values we need to understand the wheat penny types.
Each of these types has a different value, and worth, as well as different grading. You would need to understand each of these types if you want to know more about the 1911 d wheat penny value and know which most valuable wheat pennies most valuable wheat pennies are worth your money.
Category Of 1911 Lincoln Wheat Ear Penny
There are at least three categories for the 1911 Lincoln wheat penny, The 1911 Lincoln penny, the 1911-s wheat penny, and the 1911-d wheat penny.
These three are categories of the 1911 Lincoln wheat penny that has been in circulation for decades.
It has the same face value, however, due to rarity, scarcity, and different categories might even have a different value.
For example, the 1911 d penny value has a different value than the 1911 lincoln penny, as well as the 1911-s penny.
Due to the rarity, and grading, the prices might go down, or up from around $0.6 to $5, and even some rarer, fine specimens could be worth around $15 to $50.
In extreme grades such as MS 60 to MS 67, the price could soar even higher. We would talk more about the 1911 penny value later on.
- 1911 Lincoln Penny – It was minted in Philadelphia, one of the most common 1911 Lincoln coins in circulation. It is very common, since it is minted en masse, and has a cheaper price compared to another category. The range of value could range from $0.6 to $2. While the finer grade could reach at least $5 to $15.
- 1911-S Lincoln Wheat Penny – It was minted in San Francisco, and it is quite rare in mass, since it has slightly rarer, and fewer circulations. The price for this series could reach around $4 to $8 for a good grade, and a finer grade could at least be worth around $10 to $20.
- 1911-D Lincoln Wheat Penny – This was minted in Denver, and also comparatively common. It has more amounts of coins in circulation, and it has at least the value of $1 to $4. The slightly finer grade would be worth around $6 to $9.
In differentiating the value of the 1911 penny value, there are grading for each category. Each grading would determine how much the penny would cost, and how much it is appreciated by the collectors.
The better the grade means the rarer the coins and have more intrinsic and rare value. The high-grade 1911 coins could be auctioned and even worth more than thousands of dollars in the auction.
Mint Mark Variety Of The 1911 Penny
Take note that there are actually varieties of wheat pennies that are identified, and also certified. These early wheat ear pennies are rarer and have higher-end conditions, such as the 1911 penny no mint mark, and the initial designer’s mark.
For example, there are rare specimens of no mint mark that usually should have been marked under the date, of a Philadelphia minted coin. These 1911 penny value no mint mark could increase from more than $45 to $50 due to the rare scarcity of no mint mark penny.
Even though the Philadelphia minted wheat pennies are abundant and quite common in circulations, however, these large numbers don’t reflect the availability today, and now it is quite scarce, and becoming a high-end grade that could be valued for more than $100 to $200 if it is rare MS 60 more grade.
This is considered a premium coin that can only be found in the reverse. These premium features of a coin can only be found under the lettering of ONE CENT, and the design will not see quite well on a well-struck cent, so you would need a magnifying glass.
The 1911 wheat penny no mint mark value could be worth around $45 to $100. Depending on its grade, it could be worth around $120.
The increase of each grade can be quite significant, as it could increase its value more than ten folds, but it is only if it rare grade of full-reddish specimens.
However, not all penny is rare penny after, and most of them are just good or fine grades. That could still be worth around $0.6 to $10 if you are lucky enough.
If you are in luck, you might be stuck on some error pennies that can be worth around $15 to $45 at most.
Frequently Asked Questions Regarding The 1911 Penny Value And Worth
If you are planning to collect or sell the 1911 Lincoln wheatear penny, then you might need a few bits of help, in determining how much your penny is worth, and even if your penny is worth anything.
Remember, not all Lincoln wheat 1911 penny could be worth money, some of them even have not much value. If you want to sell your 1911 penny collections, make sure to know which are worth selling, and which are worth keeping.
Here are a few frequently asked questions to help you determine the 1911 penny value, how much it is graded, and how much it is worth.
What is a 1911 Penny Worth?
The initial face value is just $0.01 or a cent, however, the 1911 penny is worth more than that in the current market. Due to the inflations of price for precious metals, scarcity, and rarity of an older penny, as well as errors and divergence that might happen in the older antique coins, the price can increase, and become much more valuable, and appreciated.
Right now, many old coin collectors are appreciating the value of the old 1911 Lincoln penny and even have increased the price for the 1911 Lincoln wheat ear penny exponentially. The price also differs from grading and error mintage.
Is a 1911 Wheat Penny Worth Anything?
To know if your 1911 Wheat penny is worth anything, you would need to seek out a local coin grading service.
You would need to have your coin be graded, and once your coin is graded you can know its initial value, as well as the intrinsic value of the 1911 Lincoln wheat coin.
Other Years From This Coin Series:
There are many grades for each category of the 1911 Wheat coin. Based on the quality alone, the grade ascending from the lowest grade to the top rare grade is like this: Good, Very good, Fine grade, Very Fine, Extra Fine, AU grade, MS 60, MS 61, MS 64, MS 64, and lastly the incredibly rare MS 65.
Some extraordinary rare MS 67 full red specimens can be worth up to $60.000 auction.
How much is a 1911 wheat penny worth if there are errors?
How much is a 1911 no mint penny worth? And basically how much error coin is appreciated? That depends on the type of errors in itself. There are many errors on the 1911 Wheat penny, due to the aging, environmental damage, and long time in circulation. Errors such as a double-die penny, cracked die, re-punched minted, or no mint penny has different value and worth.
For example, a re-punched error could increase the value of a 1911 Lincoln wheat penny from around $20 to $30. Double die errors could increase by around $5 to $7, whereas the no mint mark might be worth around $10.
It also depends on how much collectors appreciate the value of error mint, how much it is worth in the current market, and how it would be graded.
The most expensive 1911 penny value that has ever been sold off at the auction is the MS 67 grade penny.
The full red specimens of 1911 Lincoln wheat penny with grade MS 67, incredibly rare specimens could reach today’s value of $60.000. If you are planning to hunt for old coins, you might want to keep an eye on red specimens, and error pennies, although the chances of finding good full-red specimens are vanishingly small, and you might not even find them for years.