1913 Penny Value – When talking about antique coins, some people might frown upon the 1913 wheat penny due to its being pretty common in circulations, and most of them haven’t much value. However, there is some 1913 penny value that is actually worth money and can be worth even a couple of dollars or even auctioned for hundreds of dollars.
Today, we are going to talk about the 1913 penny value, how much it is worth in the currents antique coin market, how much is a 1913 penny worth, and the grading behind the value of 1913 coins.
Here is a guide on the 1913 pennies, and what important things you should know about the 1913 Lincoln wheat penny, especially before selling it to the coin collectors.
Before knowing more about the 1913 Lincoln pennies, you need to understand the history, and origin of this wheat Lincoln penny, how it was designed, the composition of this coin, and what makes this coin might even worth money.
To understand the 1913 penny value, here is the origin behind its initial designs, as well as a little bit of its history.
The Origin Of 1913 Lincoln Wheat Penny
The 1913 Lincoln wheat penny, also sometimes called just wheat penny is designed, and first appeared in 1908. The designer of this penny initially thought of this penny to replace the older Indian head penny.
The composition of this penny is just like any regular older Lincoln pennies, is composed of 95% Copper, and 5% tin and alloy. The metal composition is one aspect that increases the 1913 penny value and price.
The most valuable wheat penny, also known as Lincoln wheat pennies, is a series of pennies that first appeared in 1908. It was minted to replace the older Indian head penny, as the commercial penny changed.
It was minted in three different states, Philadelphia, San Francisco, and Denver. Each different mintage has its version, making its different category for each of the Lincoln wheat pennies.
This penny specifies that it has a bust of U.S president, Abraham Lincoln, with the motto of “IN GOD WE TRUST” on top of him, “LIBERTY” on the side, and the date of minting.
On the other facet of the coin, we can see the “ONE CENT” mark, along with the typical ears of wheat on each side. It is made from a combination of copper and tin, both of which are valuable metals.
One thing that is also affecting the 1913 wheat penny value is the unique initial designs and the unique inscriptions on the marked pennies.
During the first year of its release, its designer has inscribed the hidden inscriptions on the design, these hidden inscriptions can be found below the punched mark of the coin, hidden, and very small. This initiative can only be seen using magnifying glasses.
This initiative is made by the designers, and then circulations for a while. However, after a few years, the United States government has taken down the wheat penny in circulation and redesigned the coin to have no initial, canceling the hidden designer initial in the wheat penny.
This makes a few 1913 s penny values worth much more if there is the rare hidden designer’s initial.
The 1913 wheat penny is not a rare coin, nor it is expensive in its initial face value. However, even the most common coins might also be worth more than their initial face value, if you understand the grading, rarity, scarcity concept, and also inflation of precious metal compositions.
The range of price for an old 1913 penny differs based on its category, grading, and specimens.
For example, the 1913 penny value differs from each category, from the 1913 Lincoln pennies, 1913-s penny, and 1913-d penny.
The price can also change based on the grading and specimens. The older the specimens, the copper penny will turn reddish, and the beautiful full-reddish specimens are rare gems.
Specifications And Composition Of The 1913 Wheat Penny
To understand better regarding about the 1913 penny value, you need to first understand the specifications, designs, and composition of the 1913 penny. Therefore, here is a specification of this old antique coin.
Initial face value: $0.01 or 1 centComposition: 95% Copper, 5% Tin and ZincCoin Weight: 3.11 g or 0.109 ouncesCoin Diameter: 19 mm or 0.75 inchCoin Thickness: 0.05 inches or 1.5 mmShape: roundEdge design: Plain
1913 Lincoln Wheat Penny Category
Along with its specifications, there are also three categories of the 1913 Lincoln penny. To better understand how much the 1913 wheat penny was worth, you need to understand the differences between these three categories. The three categories are the 1913 Lincoln wheat penny, 1913 s penny, and 1913 d penny.
• 1913 Lincoln Penny
The first category is the 1913 Lincoln cent. It was minted in Philadelphia with a total abundant amount of 76 Million in reserve and circulations.
Most of the cents are circulated freely, and also showed signs of heavy wear and tear. Coins that have no significant damage and wear are quite elusive specimens.
Old coin collectors appreciate the eye-appealing of old coins, and one significant element of the eye-appealing coin is the nice strong coins, coloration, the well-defined and smooth lettering, and also, of course, the grading of each early coin.
This category of Lincoln penny will be worth around $0.6 to $2 for a good grade, and around $15 to $20 for an extra-fine grade.
• 1913 S Lincoln Penny
The 1913 S penny is minted in San Francisco, and it is quite elusive cents for all grades. The 1913 s penny value could bring money worth around $5 to $8 for the most common grade, and for the rarer grade will bring around $30 to $40.
It is bordering higher grades, and sometimes has high on-demand for many coin collectors interested in the coin of this era.
The 1913 s wheat penny value also differs from another category, and you can see its uniqueness in its reserve surface, finding wheat stalks minted and bold sets of coin mint.
You can see borderline, bold lines on the wheat grains of the penny, making it a bolder design, and significantly different from any other category of the 1913 Lincoln wheat penny.
• 1913 D Lincoln Penny
1913 D Lincoln penny was minted in Denver, and the Denver variety of this coin was only minted in a modest number of around 15.804.000 pieces in the year 1913.
The number of well-circulated pennies are remaining abundant, and it is also somewhat reflected in the value of the 1913 D penny. The 1913 D lincoln penny has a slightly better, finer grade, compared with the Philadelphia variety.
One problem with the Denver Lincoln penny variety is the uneven coloring of the mintage. We can see some slight discoloration, uneven use of die coloring specifically around the mark, and punched initials.
Some soft brown coloring will also be noticeable around the dark areas, mixed with lighter shades of brown.
One thing that also differentiates this variety is the D initials under the year, indicating the D variety of the 1913 Lincoln penny.
The next step in determining the 1913 penny value in the current market is by grading the coin. The coins would also be graded based on their category, rarity, colorations, errors, shades of brown color, metal compositions, etc.
The 1913 Lincoln penny value then depends on these grades to determine its value, and how much it is worth the money.
How To Grade The 1913 Lincoln Wheat Penny?
Is a 1913 penny worth anything? Before knowing how much the Lincoln penny is valued, you need to understand that assessing the value is also included in the judgment of penny conditions. The 1913 penny value would range mostly on the mint mark variety that still has good condition.
By this condition’s judgment, the grading of each Lincoln penny then can be separated into a few grades.
The value of a 1913 penny is then determined through these grades, the better the grades, the better it preserves the aesthetic looks of the 1913 penny value, and hence it has a better overall value compared with lower grades.
The grades of the 1913 wheat penny are separated into good grade, fine, very fine, extra-fine, AU, MS 60, MS 61, MS 62, MS 63, MS 64, MS 65, and there are also incredibly rare MS 67.
The value of a 1913 wheat penny could increase exponentially each time it has a better grade. For example, a good grade would normally be worth around $0.6 for the Lincoln 1913 penny.
However, the very fine grade might be worth around $40. So, the better the grading means the better the conditions of the coins, hence the better aesthetic value of each grade.
Grades higher than AU grade are considered highly precious gems that have eye-appealing features. This is why, that higher-end grade of the old coin such as the 1913 Wheat penny might even be worth $100 to $200, or even more.
One of the most expensive 1913 d wheat pennies that have ever sold is the MS 67 D Wheat Lincoln penny which has a value of $50.000 to $60.000. It was auctioned and sold for $62.000.
Frequently Asked Questions About The 1913 Penny Value
How to find a 1913 Penny that is worth your money?
Finding the common usual 1913 penny is not that hard, since the coin itself is abundant in numbers, and common. However, finding the 1913 Lincoln penny might not be as easy as it looks.
There isn’t many high grades or finer grade of 1913 Lincoln wheat penny, and even if you find some finer grade, it would be worth around $15 to $20 at maximum.
The rarer grade, such as the MS 60 to MS 65 are incredibly rare to find, and approximately only 5% of the coins are in this grade. Most of the rare grades might already be in the possession of other collectors too.
How Much is a 1913 D Penny Worth?
The worth of the 1913 Penny depends on a lot of factors, such as rarities, oddities, scarcity of the specimens, and shades of coloration (Like the full-reddish specimens are worth more than $100), its varieties, and also grading. How much is a 1913 wheat penny worth? For the good grade, the 1913 wheat penny is at least worth just $0.6 at the lowest and standard $2. While the finer grade would at least cost $4 to $6.
The 1913 penny value would increase as the grading increased, the rarities of each specimen, the slight coloration, the errors that might include, and also the eye-appealing features of the coin.
Higher grades of old pennies like the 1913 Lincoln wheat penny are considered precious gems, due to their eye-appealing color of reddish-brown coins, and antique value.
Other Years From This Coin Series:
The most prominent grade is MS 60 to MS 65. Each of the grades, starting from MS 60 would cost around $45 and then increase its value much more at least tenfold if it reaches the highest grade of MS 67.
How much are the most expensive specimens of the 1913 Lincoln Wheat Penny?
The most expensive wheat penny specimens of the 1913 Lincoln wheat penny that have ever been founded and auctioned off are the full-red specimens of MS 67 1913 S Lincoln Wheat penny. It has been sold for $55.000 at an auction in 2016.
If you want to hunt for valuable old coins, then the 1913 Lincoln wheat penny might as well be good coins to keep your eye on.
Even if it is pretty much very common, like any other pennies, some of it has hidden intrinsic value and rarity that many amateur eyes can’t see.
From grading, rarities, errors, and scarcities, the 1913 penny value could increase rapidly and prove to be worth your money.
However, finding the 1913 rare pennies that are worth your money might not be as easy, as now the chances of finding valuable 1913 rare pennies are very slim. So, you need to be patient, and lucky in your search for rare coins.