The 1924 wheat pennies have value as numismatic coins. Keep reading to learn more about these one cent coins.
Specifications
Type: Wheat Penny
Year: 1924
Face Value: $0.01
Composition: 95% copper, 5% tin and zinc
Total Weight: 3.11 grams
The US minted the 1924 wheat penny with no mint mark and also the 1924 D wheat penny and 1924 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 |
|---|---|---|
| 1924 | Philadelphia | 75,178,000 |
| 1924 D | Denver | 2,520,000 |
| 1924 S | San Francisco | 11,696,000 |
Value
The 1924 wheat penny with no mint mark is worth around $0.40 in very good condition. In very fine condition the value is around $0.80. In extremely fine condition the value is around $5.50. In uncirculated condition the price is around $19 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $40.
The 1924 D wheat penny is worth around $35 in very good condition. In very fine condition the value is around $50. In extremely fine condition the value is around $115. In uncirculated condition the price is around $275 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $575.
The 1924 S wheat penny is worth around $1.50 in very good condition. In very fine condition the value is around $5.50. In extremely fine condition the value is around $35. In uncirculated condition the price is around $120 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $340.
Grading System
Very good- Half of the lines in the upper wheat heads are visible.
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: