Details to the date are clear and legends may fade slightly into the rim. How to Reap the Best Value When Selling Wheat Pennies. Charts list value in order of Grade. Identify date, mint and condition; a wide range of values is found and identified. Die adjustment strikes are rare and are usually worth hundreds of dollars, while a grease-filled die strike can bring $50 to $100+. Lincoln is bold and high areas are still separated. My love for coins began when I was 11 years old. As a result, the coin will have been perfectly preserved such that all of the original detail is still able to be seen and felt. © Copyright 2020 JM Bullion. It’s true. Extremely Fine Grade: When a coin enters circulation the high areas of design begin to show evidence of wear. When it comes to determining the value of a 1921 Lincoln penny, this is something that depends primarily on the condition, or grade, but also on the type of coin it is.
Here are a few things that were happening when 1921 wheat pennies were rolling off the presses at the US Mint: I’m the Coin Editor here at TheFunTimesGuide. Selling a few or many wheat pennies for the best value starts by separating the coins into "market categories" for consideration by the dealer. However, their abundance is limited to examples in deeply worn condition. But before you dash off to your nearest coin dealer to cash in your old penny, there are a few things you’ll need to know about your 1921 wheat penny to make sure it’s worth the big bucks. Denver production was suspended in favor of striking silver dollars. Click here to Learn How to use Coin Price Charts . The lower part of Lincoln's portrait is worn completely smooth. 1921 pennies made in San Francisco have a little “S” mintmark under the date, while Philly-minted pennies have no mintmark at all. 1921 is notable as the 6th lowest total mintage year of the wheat penny series. Identifying 1921 penny value is a step by step process involving: Of these three key points; judging condition may seem daunting. 1921 Lincoln Penny Value Condition of Coin; Date Good Fine Extremely Fine Uncirculated 1921 Lincoln Penny Value Up-Dated 2020 1921 $0.25 $0.62 $9.00 $27 1921 S $0.77 $2.64 $33.50 $68
The same piece sold for $55,200 back in 2005. Did you know that your 1921 penny could be worth as much as a few thousand dollars? Such pieces don’t trade very often, so market data is sporadic — but similar error coins sell for $50 to $150+. When it comes to determining the value of a 1921 Lincoln penny, this is something that depends primarily on the condition, or grade, but also on the type of coin it is. Low production numbers result in a coin somewhat elusive. An appealing brown toning covers the surface of the 1921-S penny with lighter shades highlighting Lincoln and lettering. With a few exceptions, such pieces are generally not worth much over face value. One: hold these special quality coins by the edges only. Coins Tagged With: Error Coins, Lincoln Cents, Pennies, Rare Coins, Wheat Pennies. Here’s the information you’re looking for with regard to rare 1921 silver dollar values: Uncirculated 1921 Morgan dollars are worth $40+. As with all selling processes; organizing the coins in a manner a dealer can efficiently asses their worth aids in returns to you. A major design feature, the ridge separating the lapel from the coat is still intact, qualifying the coin to reach the extremely fine grade. Finding examples without distractions is part of the challenge to collecting. Repunched mintmark error coins like this are worth anywhere from $3 to $25+, with higher values for more drastic errors. A die crack that occurs between the “B” and “E” of “LIBERTY” on the obverse (heads side) of a coin often looks like a letter “I” — thus giving rise to the so-called “BIE” error. Despite heavy wear Lincoln's bust is bold from the field of the coin. A solid grade mint state Lincoln cent. I'm also the editor at CDN Publishing (a trusted source for the price of U.S. rare coins), editor at the Florida United Numismatists Club (FUN Topics magazine), and author of Images of America: The United States Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). Visual appeal is a factor to value and collectability. Date | Mintmark | Condition are considered; all described and imaged within each series. Most lines indicating the coat lapel are missing and a faint line separating the shirt remains. Those with distinct errors are worth much more than those with subtler signs of the mintmark being punched multiple times. 1 cent 1921. Popularity combined with scarcity of these early years shows an increase of value when recognizing a higher condition 1921 penny. All Rights Reserved. Because there were 3 different types of Lincoln pennies minted most years, there are … Extremely Fine: A coin that is determined to be of Extremely Fine grade is one that spent almost no time in circulation. Copyright © 2007-2020 Daniel A. HarrisAll Rights Reserved, https://nnp.wustl.edu/library/publisherdetail/51. I’m a member of the American Numismatic Association (ANA) and the Numismatic Literary Guild (NLG) and have won multiple awards from the NLG for my work as a coin journalist. On the coin’s obverse, in the center, you will notice the profile of Abraham Lincoln, depicted with surprising detail. For example, a 1921 wheat penny with an odd color, added letters or words, or other things that don’t look right has most likely been altered. From uncirculated coins collected by advances collectors to worn examples an affordable collection popular with young collectors.
Circulated; Uncirculated; SP "S" Mintmark Under Date: San Francisco Mint Struck the Coin.
A 1921 Lincoln Wheat Penny graded as Brilliant Uncirculated can set you back around $100, whereas the 1921-S in the same grade will empty your pocketbook of at least $250. Uncirculated Grade: A nice mint state - uncirculated wheat cent is free of any wear to the surface. Mint Mark: No mint mark. Wear has reduced small details, but all major designs are visible. Part of value is eye appeal and to many marks or notably large marks detract. Value chart spans the Wheat design years 1909 through 1958 of Lincoln cents. It’s true. Enter your email address and we will send you a link to reset your password. Would you believe the most valuable 1921 wheat penny sold for more than $35,000? Tilt the coin side to side under a single light source, observing any smoothing and dulling to the surface. To the naked eye, however, these coins will appear to be nearly perfect. All fine luster remains on a mint state coin. Minor off-center errors are relatively common as far as Lincoln pennies go. Most major details are flattened overall. So, a 1921 wheat penny that’s only, say, 3% off center won’t really fetch any extra money. Copyright © 2004-2020 The Fun Times Guide | Privacy Policy | About | Contact | Sitemap, Images of America: The United States Mint in Philadelphia, Whether or not your 1921 wheat penny is in uncirculated (mint) condition, If your wheat penny has any errors or exhibits die varieties. These die cracks are caused by damage to the die that strikes the coin and are typically a sign of extreme die wear normally caused by aging. Collectors focus on the quality of the surface and judge the appeal of a coin. Collectors form a firm value base to all 1921-S pennies. These steps greatly improve maintaining condition. As values climb higher many additional factors are used to decide the grade and worth.
I’m also the editor at CDN Publishing (a trusted source for the price of U.S. rare coins), editor at the Florida United Numismatists Club (FUN Topics magazine), and author of Images of America: The United States Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). While most 1921 pennies are worth less than a few dollars, there are some that may look ordinary at first glance but could be worth big bucks. It is these exact disparities that make the 1921 Lincoln penny so incredibly valuable to collectors. Grading Lincoln Wheat Pennies covers the grading process in more detail. Positive signs are even color and no distracting marks. I've contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. By creating an account, you are agreeing to the Terms of Service and the Privacy Policy. Bright undisturbed luster covers the entire surface. Date and lettering are clear and readable.
To the former President’s left, you will find a raised inscription which reads “Liberty.” On the opposite side is inscribed the 1921 year of minting. For coins this old, the condition is often determined by a coin expert through a process called grading. Because there were 3 different types of Lincoln pennies minted most years, there are plenty of different values for coins from the same year. Lincoln's coat along the back, high in profile, is a key spot to identify any circulation and handling wear. Condition of a coin's surface is examined and judged to determine the different grades. Presently, there are no known 1921 wheat pennies with repunched mintmarks (signs that the mintmark was punched onto the die at least twice at different angles or locations). You could potentially find a 1921 penny with missing letters. Fine Grade: All legends and date are clear and sharp, with moderate even wear overall defines a wheat cent in Fine grade. But a 1921 off-center penny that is 10% or more off center is considerably scarce and trades for $25+. Circulated wheat cents from the early years are collectible when displaying eye appeal.
Nice, red uncirculated pieces are generally worth between $500 and $10,000. The reverse has two inscriptions dominating the central region, one that reads “One Cent” and one that reads “United States of America.” On both the right and left hand sides of the reverse are two single wheat stalks, hence why the coin is sometimes referred to as the “Wheat Penny.” The Latin phrase “E Pluribus Unum” is inscribed across the top. All Market Updates are provided as a third party analysis and do not necessarily reflect the explicit views of JM Bullion Inc. and should not be construed as financial advice. Along the way these soft copper coins pick up nicks and marks in varying sizes and depth. Coin Values Moving with Precious Metals: Up-Dated 11/2/2020: Gold $1885 | Silver $23.95. ★ These old error coins contain minor to significant mistakes — many of them rare and valuable. Subscribe to the JM Bullion newsletter to receive timely market updates and information on product sales and giveaways. Philadelphia 1921 cents are one of the years the coin is fairly common. Two: separate the coin from others and house individually. Fairly low mintages are noted in comparison to the rest of the series. Because of the elusive nature of relatively mark free surfaces, any that exhibit this quality are premium examples. However, drastic die cracks — especially ones that catch a lot of collector attention — can be worth hundreds of dollars. Year: 1921. Typically, coins of this grade are incredibly worn and have a lot of damage. Maybe even more! The finest-known 1921 Lincoln cent, minted in Philadelphia, was graded MS-68 Red by the Professional Coin Grading Service. Cite: I’ve contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. Coin Values Discovery finds 1921 Penny Value and... All US coin values.
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