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The 1944 Lincoln penny is among the most common wheat pennies today. Most collectors are ready to choose it over several other coins minted between 1909 and 1958 because of its numismatic value and attractive design.
The 1944 Wheat penny is a copper coin with no silver or tin content. Its value ranges from 15 cents to 35 cents, but it could be worth way more than that, depending on its qualities.
For instance, a 1944 penny in certified mint state (MS+) condition can fetch between $6 and $8 at an auction. In 2018, bidders were ready to part with up to $24,000 for a rare 1944-D/S Lincoln cent.
1944 pennies are old coins minted in the United States decades ago. There’s a variety of them, depending on the mint marks they bear. These inscriptions also affect how they are priced. This article discusses every crucial detail worth knowing about the 1944 Wheat penny.
The 1944 Penny is one of the cents Victor David Brenner designed. It was manufactured from recycled ammunition shell metal. It marked the comeback of Lincoln pennies with copper material.
Unlike the previous wheat coins with copper, zinc, and tin, this cent came with copper and zinc only.
The Philadelphia, San Francisco, and Denver Mints in the US minted over 2.1 billion 1944 pennies.
The Philadelphia mint produced 1,435,400,000 pieces without a mintmark. The Denver mint struck 430,578,000 units with the mint mark “D.” At the San Francisco mint, 282,760,000 1944 pennies were made, and these came with the “S” mintmark.
It’s worth noting that the 1944 wheat penny was one of the most minted coins in US history. Many others did not exceed the 1 billion mark.
The 1944 Penny was minted during World War II. A year before the production of this coin began, people used the 1943 Lincoln penny, which came with a zinc-coated steel composition. The government did not use copper because it wanted to save it for making ammunition for the war.
However, most people complained that the 1943 penny corroded too fast and was not an ideal currency. There was also another lot that couldn’t distinguish this coin from a dime.
The government responded to these outcries by minting the 1944 Wheat penny and deliberately using copper. This coin would not rust as fast as the 1943 penny, plus Americans could quickly identify it.
Before you determine the value of your 1944 penny, first confirm that what you have is indeed a 1944 Lincoln cent. The following are the features your penny must-have.
An Abraham Lincoln portrait dominates the obverse of the 1944 Wheat penny.
The head of the 1944 Penny comes with an Abraham Lincoln profile. The year “1944” is engraved to the right of the portrait. To the left of the image is an inscription that reads “LIBERTY.”
Arching overtop the 1944 Wheat penny is another inscription reading “IN GOD WE TRUST.”
On the 1944-penny’s reverse side, you’ll find two inscriptions: “The United States of America” and “One Cent.” There are two wheat stalks situated on the right and left outer edge of this coin’s tail. Arching overtop is the phrase “E Pluribus Unum.”
1944 pennies minted at the Philadelphia mint bear no mintmark.
Those produced at the Denver mint come with a “D” mintmark right under the year “1944”.
1944 pennies minted at the San Francisco mint have the mintmark “S” under the date.
The 1944 penny was made with copper (95%) and zinc (5%).
The diameter of the 1944 penny is 19 millimeters, while its weight is 3.1 grams.
The 1944 Penny was minted in large quantities and is readily available. Therefore, its value is lower than that of other less common coins such as the 1943 copper-alloy cent and the 1914-S Lincoln cent.
The face value of the 1944 Penny is one cent or $0.01.
The price of a 1944 penny at a pawnshop will vary because pawnbrokers consider elements such as condition and rarity when working out the price of a particular piece. The average price of a 1944 penny at the pawnshop is 20 cents.
|Condition of 1944 Wheat penny|
|1944 Penny/Mintmark||Good||Fine||Extremely Fine||Uncirculated|
Various elements affect how 1944 Pennies are priced today. Some of these are as follows:
1944 pennies are not that rare due to their high figure production. Therefore, unless this coin possesses extremely scarce features, its standard price remains $0.15 – $0.35.
A misstruck 1944 Penny falls under the ‘rare’ coin category. Although billions of these pennies were minted, only several of them came with errors, massively increasing their value.
Some of the typical 1944 penny errors known to exist are:
The 1944 Steel penny is a scarce coin, which was presumably minted by accident. Less than 24 of them were produced.
These steel pennies were created due to remnant steel planchets used to make pennies in the previous year (1943).
How can you differentiate a 1944 steel penny from a 1944 copper cent? Steel coins stick to magnets, and they are not easy to come by. This makes them more valuable than 1944 copper pennies.
While the price tag of a 1944 copper coin can read only 15 cents, one made from steel could sell for up to $100,000+.
1944 wheat pennies are graded according to their condition. Let’s check out the coin grades for these cents, what they mean and how they affect the penny value.
Let’s assume, for instance, you have two 1944 pennies; a clean/new and an old one. The former is in better condition and unquestionably worth more than the latter.
Yes. The 1944 Wheat penny without a mint mark is worth about 15 cents. One with a “D” mintmark in Extremely Fine condition could sell for about twenty cents. If it’s Uncirculated, expect it to be priced at around 35 cents. 1944 Wheat pennies with distinctive attributes could be worth thousands of dollars.
No. 1944 Lincoln pennies are not scarce because the US Mint produced over 2 billion of them. Today, you could find many of them with passionate numismatists who appreciate their value.
Many pawnshops also keep these wheat pennies and are willing to sell them at the right price, depending on their actual worth.
Even so, there are some rare 1944 Wheat pennies, such as those with errors.
Yes. Countless collectors like the 1944 penny because it could be worth as much as $8 or more. Notably, coin dealers don’t accept all pieces. They prefer graded ones because it’s easier to price them.
Interested in knowing the value of your 1944 penny? Here’s what you should do first:
It’s best to follow these steps with a professional collector or coin dealer if you’re a novice.
Over 2 billion 1944 Lincoln pennies were produced at the Denver, San Francisco, and Philadelphia mints.
Abraham Lincoln is an iconic figure in our politics- and coins, too! The 1944 wheat penny is part of a larger series of Lincoln series that bear the president’s portrait on the obverse and a pair of wheat stalks at the reverse.
While the face value of a 1944 penny is 1 cent, the coin is worth about 15 cents. The mint struck about a billion Lincoln pennies in 1944, and that’s why they are not rare.
If you are a numismatic enthusiast with any burning question about the 1944 Lincoln penny, be sure to tell us!