The 1934 wheat pennies have value as numismatic coins. Keep reading to learn more about these one cent coins.
Specifications
Type: Wheat Penny
Year: 1934
Face Value: $0.01
Composition: 95% copper, 5% tin and zinc
Total Weight: 3.11 grams
The US minted the 1934 wheat penny with no mint mark and also the 1934 D wheat penny. The mint mark, when present, can be found on the obverse side of the coin below the date.
| Series |
Location |
Quantity Minted |
| 1934 |
Philadelphia |
219,080,000 |
| 1934 D |
Denver |
28,446,000 |
Value
The 1934 wheat penny with no mint mark is worth around $0.20 in very good condition. In uncirculated condition the price is around $5.50 for coins with an MS 63 grade. Uncirculated coins with a grade of MS 65 can sell for around $11.
The 1934 D wheat penny is worth around $0.60 in very good condition. In uncirculated condition the price is around $11 for coins with an MS 63 grade. Uncirculated coins with a grade of MS 65 can sell for around $20.
Grading System
Very good- Half of the lines in the upper wheat heads are visible.
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.
MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable.
Sources:
The Red Book
See also:
1935 Wheat Penny
1933 Wheat Penny
1932 Wheat Penny