The 1916 wheat pennies have value as numismatic coins. Keep reading to learn more about these one cent coins.

1916 Wheat Penny

Specifications

Type: Wheat Penny
Year: 1916
Face Value: $0.01
Composition: 95% copper, 5% tin and zinc
Total Weight: 3.11 grams

The US minted the 1916 wheat penny with no mint mark and also the 1916 D wheat penny and 1916 S wheat penny. The mint mark, when present, can be found on the obverse side of the coin below the date.

Series Location Quantity Minted
1916 Philadelphia 131,833,677
1916 D Denver 35,956,000
1916 S San Francisco 22,510,000

Value

The 1916 wheat penny with no mint mark is worth around $0.30 in good condition. In very fine condition the value is around $2. In extremely fine condition the value is around $8. In uncirculated condition the price is around $18 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $35.

The 1916 D wheat penny is worth around $1 in good condition. In very fine condition the value is around $6. In extremely fine condition the value is around $15. In uncirculated condition the price is around $75 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $150.

The 1916 S wheat penny is worth around $1.75 in good condition. In very fine condition the value is around $8. In extremely fine condition the value is around $25. In uncirculated condition the price is around $105 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $175.

Proof coins with no mint mark are available and they are each valued at around $1,100 in PR 63 condition. There were 1,050 proof coins minted.

Grading System

Good- The date is worn but visible. The lines in the wheat heads are not visible. The rims are full.

Very fine- Lincoln's jawbone and cheekbone are worn but still separated. The wheat heads are not worn.

Extremely fine- There is only slight wear on the coin. All of the details are sharp.

MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.

MS 63 choice uncirculated- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent.

PR 63 proof- This coin has only a few blemishes away from the major focal points. There are no major flaws.

 

Sources:

The Red Book


See also:

1917 Wheat Penny
1915 Wheat Penny
1914 Wheat Penny