1927 Penny Value - Error: Interesting Facts About This Rare Coin

1927 Penny Value - Among the countless penny collectors out there, the Lincoln penny is among the most coveted. The coin is still a must-have for any coin collector today, despite the fact that it was minted over a long period of time. While there are slight variations between it and the penny that is still being minted today, both the value and the mystery associated with these coins are increased.

The classic elevated picture of Abraham Lincoln, which is shown in beautiful detail, may be seen on the coin's obverse. A raised inscription reading "Liberty" will appear to the President's left, and a minting year will appear to the depiction's right, according to the year 1927. 

The words "In God We Trust" will arch over the coin's top outer edge.

Raised inscriptions can be found in the center of the 1927 Lincoln penny. The first is a mark on the coin that reads "One Cent," which refers to the single-cent face value. Besides the face value is a mark that says "United States of America." 

On either side of the coin, there will be two wheat stalks. The Latin phrase "E Pluribus Unum" is engraved on the reverse side of this coin, which helps you understand why it is known as the "Wheat Penny."

On 1927 pennies, their feature, grading system, and values are all well-known. Let's get started if these topics fascinate you.

How to Identify 1927 Penny Value

You want to know how much your 1927 wheat penny is worth, and I understand why you're reading this article. Your coin's actual worth, not just the worth of a "perfect" version of the 1927 Lincoln cent. I've got it! Here's a breakdown of the various forms of 1927 pennies, as well as their worth in different situations:

1927 Penny Value With No Mint Mark

From the Philadelphia Mint, over 144 million Wheat Pennies were produced in 1927. Despite the fact that it isn't among the most produced Wheat Penny series coins, it is a scarce coin with lower costs than many others. 

1927 Wheat Penny Value

For less than $200, you can get Mint State, uncirculated 1927 Wheat Pennies, which is a fantastic deal if you're trying to build a penny collection.
Type of coin: Wheat Penny
Year: 1927
Wheat Penny Mint Mark: Philadelphia
Metal content: 95% Copper, 5% Tin and Zinc
Total mintage: 144,440,000
Weight: 3.11 grams
Edge: Plain
Face value: 1 cent
Diameter: 19.00 millimeters
Designer: Victor David Brenner

History of the 1927 Wheat Penny

Although it might be more difficult to locate in the highest grades, the 1927 Wheat Penny is attainable in higher Mint State grades. The Philadelphia Mint produced a large number of well-struck and appealing coins. With a larger mintage, cherrypicking for your ideal coin should be relatively simple.

Victor David Brenner created the Wheat Penny. President Roosevelt desired to create new coin designs with more artistic value. Based on a plaque he made with Lincoln's image, he picked Brenner. On the obverse of the Wheat Penny is a bust and profile of Abraham Lincoln. Durum wheat stalks can be seen on the other side.

1927 Wheat Penny Worth

1927 Penny Value No Mint Mark

For higher grade red varieties of the coin, the 1927 Wheat Penny value ranges from roughly $100 to roughly $7,000. 1927 is one of the cheapest in Mint State, despite its high craftsmanship, compared to many others in the series prior to this date. 

For both beginning and seasoned collectors, the Wheat Penny series is a cost-effective option.

1927 D Penny Value

1927 D Penny Value

In 1927, the Denver Mint produced 27.17 million pennies. While the mintage numbers for 1927-D are not particularly low, it is still a scarce coin, especially in MS 66 and above. In good condition, the 1927 D wheat penny is worth about $1.25.

The worth is approximately $3.75 in excellent condition. The price is approximately $7.50 in excellent condition. 

Coins with an MS 60 grade are worth about $65 in uncirculated condition. Uncirculated coins with an MS 63 grade may go for around $100.

1927 S Penny Value

In 1927, 14,276,000 San Francisco cents were minted. It's become a rare pennies variant this year, as opposed to the normal one. The vast majority of people continued to wear them for years.

1927 S Penny Value

The value chart shows a sharp rise beginning with Extremely Fine grade and higher examples indicating demand from collectors seeking better condition coins. 

The more valuable high-end examples of the 1927-S penny are substantially scarcer than the ordinary low-end examples:
  • A 1927-S penny in excellent condition is worth $1.25 to $4.
  • A worn-out example may sell for $15 to $30.
  • A 1917-S penny in the uncirculated condition is worth $80 or more.
A higher-end coin is identified by an inspection of the reverse. In any case, these 1927-S cents have a sharper appearance than a faded look. The rim is preferred because bold lettering stands out against the surrounding fields.

Grading The 1927 Lincoln Wheat Penny

The condition of a 1927 Lincoln penny is extremely important to collectors. Collectors usually only buy coins that have been graded when they are this old. 

How Much is a 1927 Penny Worth

Grading is the process of a professionalized individual examining a coin to determine its precise state. The various coin grades, as well as the significance of their look, are outlined below.

- Good: 1927 pennies in excellent condition are heavily worn with little to no fine details remaining. On the wheat ears, the outlines of both portraits remain. A few grains must still be visible on the wheat ears after they've flattened.

Both sides' texts will be faint yet still legible. The texts on the coin's rim have been merged. The most affordable and most valued coins are good coins, which are mostly bullion coins.

- Uncirculated (AU): AU coins are circulated coins that have been preserved to the point that they may be mistaken for low-grade MS coins. AU coins have a distinguishing characteristic: They do not glimmer continuously like uncirculated coins, because of the presence of only trace levels of mint frost on the surface.

On the reverse and on the wheat stocks, signs of wear may be seen, although they are minor.

- Fine Grade: A Fine Grade wheat penny will be distinguished by the merging of prominent design elements. Many of the highest parts have joined, and their peaks are now level. The cheek and jaw have only a few remnants.

Lincoln's bow tie stands out, although it is somewhat protected. The core knot of his tie is still visible, but due to wear, the ribbon has lost its clear separation. The shirt and tie are increasingly being separated.

On Fine grade wheat cents, subtle contours of the coat design and Lincoln's face and hair remain. The eye appeal is enhanced by bold legends and a solid date; this is an important factor in establishing value.

- Extremely Fine Grade: Extremely Fine is a grade assigned to wear that is confined to the peaks of high relief locations. The peaks of Lincoln's hair, face, and coat are just starting to be flattened by slight wear.

Little flat regions on the edges of the ribbon and inside the center knot are visible in Lincoln's bow tie. The knot and separation of the ribbon from his coat are now defined by three distinct lines. The contour of the bow tie's elements is particularly noteworthy.

Collectors favor old copper coins with a pleasing toning and highlights. The desirability and value of a piece are enhanced by its technical grade.

What Is The Most Valuable 1927 Penny?

Would you believe that a 1927 wheat penny sold for more than $10,000 at an auction? Yep, that's the way it is! The Professional Coin Grading Service (PCGS) slabbed it as an MS-65 "Red" variant with a seal of approval from the Certified Acceptance Corporation (CAC) in 1927. In a 2018 auction, it was sold for $10,200.

1927 Penny Error List: Current Values

Other items worth a “beautiful penny” include those with flaws and odd variants, in addition to high-grade 1927 Lincoln cents. Errors increase the value of your pennies dramatically. In order to determine if your 1927 pennies are legitimate, here are a few things to look for. 

Using a coin microscope, check the lettering for doubled die errors at first.

The re-punched ‘D’ mintmarks (RPM) on 1927-D pennies are another error you may want to look for. Given their lower mintage numbers, 1927-D and 1927-S coins sell for somewhat higher prices than 1927-D and 1927-S.

A 1927 doubled die obverse MS 64 RD penny was sold for $2,613 in 2012, despite the fact that a current RD MS64 penny is only worth $75. That seems to be a significant difference, doesn't it? 

Here's how to tell if a coin has post-mint damage or is a genuine error coin. See the value of a 1927 penny mistake, as well as popular mistakes from 1927 wheat pennies:

1927 Doubled Die Pennies

For each of the three 1927 Lincoln cent issues from the Philadelphia, Denver, and San Francisco mints, at least one type of doubled die has been reported:

Inscriptions of LIBERTY, IN GOD WE TRUST, and the date on several 1927 no mintmark specimens show doubling on the obverse (heads side). The degree of doubling in Lincoln's eyelid varies on these 1927 doubled die pennies.
  • Double in Lincoln's eyelid appears on a few varieties of 1927-D doubled die pennies.
  • An additional eyelid is found on at least one variety of 1927-S doubled die penny.
These 1927 doubled die pennies aren't always expensive — far from it, in fact. Prices for, say, 1955 doubled die pennies are much higher. 

Nonetheless, the smaller types are worth at least $10 to $25, and the more severe specimens might be worth much more.

Off-Center 1927 Pennies

When the dies do not hit the blank coin squarely, this specific kind of mistake occurs. Coins that are more askew than the others are called off-center. Those that are just 1% or 2% off-center aren't worth paying extra attention to, and maybe only slightly noticeable as off-center mistakes — with perhaps part of the rim missing. 

Until they are at least 5% to 10% off center, these kinds of error coins aren't especially valuable or worth saving.

For example that is 5% to 10% off-center, off-center 1927 pennies may be worth $10 to $25; for those that are 50% or more off-center, they may be worth up to $100!

1927 Pennies With Repunched Mint Marks

The mintmark on certain 1927 Lincoln cents appears to have been doubled or relocated. There are hundreds of varieties of repunched mintmark pennies known across the complete Lincoln cent series, and these sorts of variants are rather prevalent. 

There are several varieties of 1927-D wheat cents with repunched mintmarks among the 1927 pennies. In circulated grades, they're typically worth $3 to $10.

Die Cracks and Die Breaks On 1927 Pennies

Minor fissures or cracks in the die that produced that coin are often revealed by raised lines strewn across the surface of a coin. Little elevated lines that connect letters are referred to as breaks, and coin fractures that go from rim to rim are referred to as cracks. The severity of the crack error, as well as its position, determines how much it affects the die.

The greater the mistake, the more it is worth. The higher the value, the more visible the crack is. It's difficult to determine what your specific penny is worth without seeing it in person because of the variance in values for 1927 die break pennies. 

For coins with die crack problems, there are some universal value standards:

Maybe $2 to $5 can be made from wheat pennies with minor die cracks put in inconspicuous spots.
Collectors appreciate large die breaks on pennies, and several of them may sell for more than $100.

A vertical die crack (or line) separates the letter “B” from the letter “E” on the obverse of BIE error Lincoln cents. Wheat pennies with BIE mistakes may be worth $7 to $15.

FAQ:

How Much is a 1927 Penny Worth Now?

A 1927 penny is worth anywhere from a few cents to a dollar or more, depending on condition and location. They are particularly popular with collectors because they are rare and have high sentimental value. Many people also believe that the metal composition of pennies in this year was superior to earlier years, which may account for their higher value.

If you're looking to sell your coins online, be sure to include photos and detailed descriptions so that potential buyers can make an informed decision about what item they might like to buy. 

Be aware that over-the-counter dealers typically charge higher prices for 1927 pennies than those who deal in coins directly from the United States Mint. 

So if you're interested in selling your collection, it's important to do some scouting first!

How Much is a 1927 No-Mint Mark Wheat Penny Worth?

A 1927 no-mint mark wheat penny is worth anywhere from $0.50 to $2.00 in good condition, depending on the grade. In contrast, a modern-day penny is only worth around 50 cents!

Back in the 1920s and 1930s, there were more circulating coins due to a higher birth rate and inflation resulting from World War I and II. As such, coin collectors frequently seek out older pennies because they are rarer and typically of better quality than those issued after 1965

Additionally, many people believe that ancient coins have spiritual power which can help them achieve their goals or improve health problems.

Looking for More Information About Coins? Check Other Years From This Lincoln ( Wheat ) Penny Series:

1933 1934 1935 1936
1949 1950 1951  1952


Are 1927 Coins Worth Anything?

There is no definitive answer to this question, as each 1929 US Half Dollar is worth different amounts depending on condition and location. However, if your coin is in excellent condition and is not damaged or corroded, it could be worth a considerable amount of money.

Can Anyone Tell Me If This 1927 Wheat Penny With No Visible

There is no definitive answer to this question, as each coin and banknote has a unique pattern. However, if you're looking for help in identifying your penny, it may be helpful to consult an expert or visit the Penny Identification section of Coinmarketcap.com.

How Much Should I Spend On a 1927 Penny Today?

The answer to this question largely depends on the condition of the penny, as well as the coin grading service that you use. However, a rule of thumb is that you should expect to pay around $10-$15 for a good grade 1928-1936 Penny. Fortunately, there are many online resources that allow you to compare different grades and prices without having to leave your home.

There are many reasons to collect the 1927 penny value. A good example is to buy a gold or silver plated cent. The value of these coins may be as high as $4.00 in the present day. But if you’re looking for a piece of history that is even older, you might want to purchase a different coin altogether. The value of a penny can fluctuate significantly. You can save it for generations by collecting coins.

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