What’s a wheat pennie’s value?

[tylerbrooks]

I found this wheat penny today.. i don’t know much about them. can any coin collectors on here tell me if it’s worth anything?

 

[Gingerbeard Man]

Approximately 20x than face value.

Buy Gold & Silver Bullion Online | Free Shipping - JM Bullion

Buy Gold, Silver, and Platinum bullion online at JM Bullion. FREE Shipping on $199+ Orders. Immediate Delivery - Call Us 800-276-6508 - BBB Accredited.

amp.jmbullion.com

 

[The Southern Gentlemen]

 

[jrocg0102]

This may belong in the “times are tough” thread

 

[Dan Muk]

In copper alone they are worth more than face value. As far as collectible value, Im sure some are but would not know where to start down that worm hole.

 

[basstracker89]

More than face value. That one appears to be put away a long time, it's in fair shape

 

[Klif]

Common date, collector might pay 5 cents since it's pretty nice, dealer would pay 2 cents unless you had several hundred in which case he would probably pay 3 cents. Put it away, don't clean it and save it for another 100 years and it might we worth more.

 

[moosensquirrel]

In copper alone they are worth more than face value. As far as collectible value, Im sure some are but would not know where to start down that worm hole.

correct. another way of saying this is they are worth their weight in copper....copper being real money while USD being entirely fiat with no intrinsic value.

 

[moosensquirrel]

If one just has to know the fiat equivalent, there are roughly 142 pre-1982 all copper pennies to a lb. check on the spot price for copper (usually in lbs) and divide it by 142.

At today's spot price, $3.83/lb 1 wheat penny comes in at $.0270 $/lb.

Melt value will be much less.

 

[Cire]

Fingerprint on your cent from improper handling.
Oil from their skin etched the Fingerprint into the bronze.