The 1937 wheat pennies have value as numismatic coins. Keep reading to learn more about these one cent coins.

1937 Wheat Penny

Specifications

Type: Wheat Penny
Year: 1937
Face Value: $0.01
Composition: 95% copper, 5% tin and zinc
Total Weight: 3.11 grams

The US minted the 1937 wheat penny with no mint mark and also the 1937 D wheat penny and 1937 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
1937 Philadelphia 309,170,000
1937 D Denver 50,430,000
1937 S San Francisco 34,500,000

Value

The 1937 wheat penny with no mint mark is worth around $0.15 in good condition. In very fine condition the value is around $0.50. In extremely fine condition the value is around $1. In uncirculated condition the price is around $3 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $4.

The 1937 D wheat penny is worth around $0.15 in good condition. In very fine condition the value is around $0.40. In extremely fine condition the value is around $1. In uncirculated condition the price is around $5 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $6.

The 1937 S wheat penny is worth around $0.15 in good condition. In very fine condition the value is around $0.40. In extremely fine condition the value is around $1. In uncirculated condition the price is around $5 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $8.

Proof coins with no mint mark are available and they are each valued at around $55 in PR 63 condition. There were 9,320 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 reflective surfaces and only a few blemishes away from the major focal points. There are no major flaws.

 

Sources:

The Red Book


See also:

1938 Wheat Penny
1936 Wheat Penny
1935 Wheat Penny