The 1948 wheat pennies have value as numismatic coins. Keep reading to learn more about these one cent coins.

1948 Wheat Penny

Specifications

Type: Wheat Penny
Year: 1948
Face Value: $0.01
Composition: 95% copper, 5% tin and zinc
Total Weight: 3.11 grams

The US minted the 1948 wheat penny with no mint mark and also the 1948 D wheat penny and 1948 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
1948 Philadelphia 317,570,000
1948 D Denver 172,637,500
1948 S San Francisco 81,735,000

Value

The 1948 wheat penny with no mint mark is worth around $0.10 in very fine condition. In extremely fine condition the value is around $0.20. In uncirculated condition the price is around $0.85 for coins with an MS-63RB grade. Uncirculated coins with a grade of MS-65RB can sell for around $2.

The 1948 D wheat penny is worth around $0.10 in very fine condition. In extremely fine condition the value is around $0.20. In uncirculated condition the price is around $0.60 for coins with an MS-63RB grade. Uncirculated coins with a grade of MS-65RB can sell for around $2.

The 1948 S wheat penny is worth around $0.20 in very fine condition. In extremely fine condition the value is around $0.30. In uncirculated condition the price is around $1 for coins with an MS-63RB grade. Uncirculated coins with a grade of MS-65RB can sell for around $3.

Grading System

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

MS-65RB gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable. The color is red-brown.

 

Sources:

The Red Book


See also:

1949 Wheat Penny
1947 Wheat Penny
1946 Wheat Penny