The 1940 Wheat penny is a coin v Abraham Lincoln’s portrait. Most collectors have actually it on their lists of favorites since of that is numismatic value. The need for 1940 Wheat pennies is also high, and also they are easy to find.
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The 1940 Wheat penny is do from 95% copper and also 5% zinc & tin. One there is no a mintmark is worth in between $0.15 and $1. This coin’s precise value is established by its existing condition and rarity. Some 1940 Lincoln proof pennies go for $25 or more. In 2006, a 1940 Lincoln penny in mint state 68 Red was marketed for $14 950, together per details from the expert Coin Grading organization (PCGS).
This overview discusses the 1940 Wheat penny. Read on come know much more about that history, features, and factors that affect its worth.
What is the 1940 Penny?
The 1940 Wheat penny is a collectible cent the Victor Brenner designed. That was commissioned to perform so in 1909 once the US necessary a viable penny architecture to replace the previously supplied Indian Head cent. Brenner made decision this particular design due to the fact that he want to appreciate an excellent leaders and also the US’ humble beginnings.
The 1940 Wheat pennies were several of the most produced coins in united state history. The US developed them at 3 of the mints: Philadelphia, Denver, and San Francisco. They come with three metals: copper, tin, and zinc, v their copper composition being the highest.
586,810,000 1940 pennies were minted at the Philadelphia mint. These did not have any mint clues engraved on them. This mint likewise made over 15,000 proof specimens that this coin. Today, it’s somewhat hard for anyone to find them uneven they visit manors or collections. Most 1940 proof coins watch pretty decent.
At the mountain Francisco mint, 112,940,000 1940 Wheat pennies with the “S” mintmark to be produced. Most collectors favor these 1940 S coins much better when they have a brown or light tan coloring without any dark locations to make them less appealing.
Then, the Denver mint minted 81,390,000 1940, which bore the mintmark “D.” Those hope to sell these coins have to take care of them because their letterings do it simpler for larger coins come accumulate dirt. The more unattractive lock are, the much less money they’re likely to carry in.
Reason for Minting
Generally, the Lincoln Wheat coin was created to storage the 100th date of birth of Abraham Lincoln, the joined States’ 16th president. This was the nation’s first coin to attribute a president’s image.
The manufacturing of 1940 Wheat pennies was additionally fueled through the development of the US economy that year. The country was recovering from every the financial difficulties of the good Depression, prompting the us to rise coinage production.
Features the the 1940 Penny
Singling the end a 1940 Wheat Penny might not constantly be a piece of cake, specifically if you’re not a coin expert. What need to you watch the end for? Let’s dive into the main attributes of this renowned coin.
The 1940 Wheat penny comes with Abraham Lincoln’s profile. Just how clear or visible it is will count on your penny’s current state or newness.
Head and Tail Features
On the head (obverse side) the the 1940 Wheat coin is picture of united state President Abraham Lincoln dealing with right. It’s situated right at the center of this coin, and it occupies most of the obtainable space. Directly over his bust is the inscription “IN GOD us TRUST” and to his left is an additional that reads “LIBERTY”. 1940 Lincoln pennies made in the Denver and San Francisco mints have actually the mintmark “D” and “S” on your heads, right listed below the year “1940”.
The 1940 Wheat penny’s tail or reverse side comes v two wheat stalks to show the nation’s dependency on farming. Between them are two inscriptions: ONE CENT and UNITED says OF AMERICA. Then, the Latin expression “E PLURIBUS UNUM” centers roughly the 1940 penny’s tail top.
Most 1940 Wheat pennies were produced at the Philadelphia mint, and they did not feature any type of mintmark. Rather were created at the mountain Francisco and Denver mints, and they came through the “S” and also “D” mintmarks, respectively. Check this coin’s head to view its mintmark; it’s etched below the date.
Slogans composed on the 1940 Lincoln Wheat Penny
The motto “IN GOLD we TRUST” is engraved top top the obverse side of the 1940 Lincoln penny.
Three steels were supplied to do the 1940 Lincoln penny: copper (95%) and also zinc and tin (5%).
Weight and Dimensions
The full weight the a conventional 1940 Wheat coin is 3.11 grams. The diameter steps 19 mm.
What’s the 1940 penny Value?
The value of a 1940 Wheat penny varies from coin come coin, depending upon its condition. Because that instance, a 1940 Lincoln coin in good condition there is no a mint note is worth about $0.15. If it’s in good condition, the value boosts to $0.60. If the very same coin is uncirculated, then its worth becomes $1. 1940 Wheat pennies that come in certified mint state (MS+) (meaning the a top-ranked coin grading agency has shown their condition) might be worth around $4.
Table reflecting the worth of a 1940 Lincoln penny According to Condition
|1940 Lincoln penny||$0.15||$0.20||$0.60||$1|
|1940 Lincoln penny (S)||$0.15||$0.20||$1||$1.75|
|1940 Lincoln coin (D)||$0.15||$0.25||$0.75||$2|
Denominational value of the 1940 Penny
The confront or denominational worth of the 1940 Lincoln coin is $0.01.
Melt worth (Weight in Metal)
The coin consists of 95% Copper, 5% Tin and also Zinc. That weighs 3.11 grams and measures 19 mm.
How lot is the 1940-Penny coin at the pawnshop?
It’s difficult to give specific value that a 1940 penny at a pawn shop. This businesses think about the coin’s condition and also rarity to identify its worth or what interested customers should pay because that it.
The conventional value that a 1940 Penny
The conventional value of a 1940 penny is $0.15 – $1.
Factors that affect the 1940 coin Value
Sometimes, collectors and also online shop that market coins take time to determine the actual value of their pennies. Some of the components they put into account when doing so room as follows:
If a 1940 Lincoln coin is rare, that is likely worth more than other common coins. Because that instance, 1940 proof pennies in uncirculated condition are not easy to find. That’s why they can be worth between $25 and $55 or more.
Grading is one more element that impacts the worth of a 1940 Lincoln penny. Here’s the grading device used for this coin:Good: This coin has a many visible imperfections. It’s difficult to clues the lines on its wheat heads. Few of the letterings may additionally be invisible because it has been in circulation for a long time.Fine: A 1940 Lincoln penny in this group has been in circulation, but it has not suffered lot damage. That may have actually some scratches, but you have the right to see the lettering and images there is no struggling.Extremely Fine: If a 1940 penny is graded as extremely fine, most of the details are sharp. Back it could have one or two flaws, it’s incredibly appealing.Uncirculated: A 1940 Wheat penny with this grading has not been on the open market, meaning it’s unused. The looks practically as it did when it was produced in 1940. The just flaw the may have actually is slim discoloration because of age.PR 63 proof: evidence coins come v almost-mirror favor surfaces. If you find a 1940 Wheat penny v this grading, its surface ar is shiny. It may have a couple of almost impossible-to-spot flaws but no significant blemishes.
Typically, the worth of a 1940 penny rises as its condition improves. This way that, for instance, a coin in very fine condition is worth more than one in good condition.
Misstruck/ Error Coin
The value of an error 1940 penny changes over time, depending upon its present demand. If a misstruck coin is rare, it could be worth much more than conventional pennies.
How brand-new or clean is the coin?
If a 1940 Lincoln penny is clean or new, it has actually only a few or no blemishes. That is physical appealing. Therefore, this coin’s worth is much more than that of an old 1940 Wheat penny.
1940 Penny worth FAQ
Whose profile is on the 1940 Wheat penny?
What happened during the year the 1940 penny to be minted?
In 1940, Americans to be financially recovering from the great Depression. They adopted Captain America the exact same year, and also President Franklin Delano Roosevelt to be re-elected to office because that his 3rd term. By 1940, Europe was currently participating in human being War II.
Is the 1940 Wheat coin rare?
No. The 1940 penny is not scarce since millions of these coins were produced in 1940. Also so, part specimens that the same, such as proof coins through cameo frosting, are pretty hard to come by.
How much does a conventional 1940 Wheat penny weigh?
A typical 1940 Lincoln penny weighs 3.11 grams.
Do all 1940 Wheat pennies be affected by each other mintmarks?
No. Just those minted at the Denver and San Francisco mints have mintmarks.
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Conclusion: Is the 1940 penny a great Collection?
Now that you know the worth of a 1940 Lincoln penny, you can make a much more informed acquisition decision if you’ve to be scouring the industry for this coin.
Any questions about the value of a 1940 Lincoln Wheat penny? fine be glad to answer!