The 1923 wheat pennies have value as numismatic coins. Keep reading to learn more about these one cent coins.

1923 Wheat Penny

Specifications

Type: Wheat Penny
Year: 1923
Face Value: $0.01
Composition: 95% copper, 5% tin and zinc
Total Weight: 3.11 grams

The US minted the 1923 wheat penny with no mint mark and also the 1923 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
1923 Philadelphia 74,723,000
1923 S San Francisco 8,700,000

Value

The 1923 wheat penny with no mint mark is worth around $0.35 in good condition. In very fine condition the value is around $1. In extremely fine condition the value is around $5. In uncirculated condition the price is around $15 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $30.

The 1923 S wheat penny is worth around $5 in good condition. In very fine condition the value is around $12. In extremely fine condition the value is around $40. In uncirculated condition the price is around $220 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $390.

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.

 

Sources:

The Red Book


See also:

1924 Wheat Penny
1922 Wheat Penny
1921 Wheat Penny