Hello readers, welcome to the new post. In this post, we will discuss the value of the 1949 wheat penny and the 1949 D wheat penny. The 1949 penny is part of the Lincoln penny series that started in 1909. The first penny was made to celebrate the 100th birthday of the Lincoln penny. These coins come with different features and values that will be covered here. So, let’s get started with the introduction to the value of the 1949 wheat penny.
History of the 1949 Wheat Penny
The first penny was made in 1909 to celebrate Lincoln’s birthday. These coins come with the first person on any coin. These coins became famous, and many people wanted to get them. The 1949 pennies were made with the composition of 95% copper of a bronze mix, with zinc and tin. However, the current composition of pennies is 97.5% zinc and 2.5% copper. While 1949 pennies are not of high value, some high grades can be of high price. The 1949 wheat pennies come with a photo of Lincoln, and the back side has two wheat stalks why these pennies are called wheat pennies
The first penny made in 1909 for celebrating the 100th birthday of Lincoln 16th President that design has a photo of the president and two Wheat stalks on the reverse side. This design was used until 1959 and was replaced with the Lincoln Memorial on the back side on the 150th anniversary of the president.
1949 Penny Value Chart
| 1949 wheat penny | Good (G-4) |
Very Good (VG-8) |
Fine (F-12) |
Very Fine (VF-20) |
Extremely Fine (EF-40) |
About Uncirculated (AU-50) |
Uncirculated (MS-60) |
Uncirculated (MS-63) |
| 1949 no mint mark penny | – | – | $0.06 | $0.12 | $0.23 | $0.41 | $1.20 | $3.50 |
|
1949 D Lincoln Wheat Cent
|
– | – | $0.06 | $0.12 | $0.23 | $0.41 | $1.20 | $3.50 |
|
1949 S Lincoln Wheat Cent
|
$0.06 | $0.12 | $0.18 | $0.29 | $0.35 | $0.41 | $2.41 | $4.80 |
.
How Much Is A 1949 Wheat Penny Worth
The 1949 wheat penny value is based on condition and mint mark. Circulated coins have a value from some cents to some dollars. Uncirculated coins in pristine condition can be of one to 20 dollars, with MS67 grade or higher are $100 or more..
How Many 1949 Pennies Were Made?
There were more than one billion pennies made in 1949; out of that, 217,775,000 Lincoln Cents were made at P mint, 153,132,500 D-minted coins, and 64,290,000 pennies were made by S mint.
Are There Any Rare 1949 Pennies?
The circulated 1949 pennies are of three- to four-cent value. Uncirculated 1949 pennies have a value of about one dollar or higher. Some 1949 pennies with errors are 100 dollars or higher. The rare 1949 wheat penny value is about $1,000 apiece!
1949 D Lincoln Wheat Penny
There were 153,132,500 Wheat Pennies made by D mint in 1949 and they are abundant coins. Fine grade coin is high value. The highest value recorded for the 1949 D penny is $7,500.
1949-D Penny Value can seen here
| Grade | Color | Value |
| MS65 BN | Brown | $80 |
| MS60 | Red | $2 |
| MS65 | Red | $25 |
| MS66 | Red | $80 |
| MS66.5 | Red | $165 |
| MS67 | Red | $1,350 |
| MS67+ | Red | $7,000 |
1949 P Lincoln Wheat Penny or 1949 No Mint Mark Wheat Penny Value
About 218 million coins were made by P Mint in 1949. These coins do not have a mint mark. These coins were in larger numbers, so they have some cents value. Bronze-colored pennies are worth some dollars in the finest condition.
Red- and brown-colored coins in high grade are high value. MS65 red and brown coins sold for 440 dollars in 2012.
In 2007, coins of this grade sold for 19 dollars.
MS64 grade as a value of 17 dollars. Gem coins with an MS65 grade and higher grade are rare coins.
Red 1949 no mint mark is 24 dollars.
MS66 sold for 125 dollars and MS67 for 2250 dollars.
MS67+ grade coins sold for 9000 dollars; a total of five red pennies of this grade exist. .
1949 S Lincoln Wheat Penny
The S mint made fewer coins than the other two mints. About 64 million coins are made with the S mint mark. In 2014, AU58-grade coins sold for 60 dollars.
In 2006, Brown coins with an MS64 grade sold for 16 dollars.
Mint state red and brown coins sold for 10 dollars in 2010 with an MS64 grade, and MS65 sold for $12-14.
MS60 grade 1949 S red penny sold for 2 dollars. MS65 sold for 20 dollars and MS67 for 225 dollars.
There are MS67+ s mint mark pennies with a value of about 1300 dollars, and about 44 red pennies exist.
Features of 1949 Wheat Penny
Obverse of 1949 Penny
The front side of these coins comes with a photo of Abraham Lincoln. That was used since 1909 at the 100th birthday. The design of this coin was made by Victor David Brenner. The photo is facing to the right. On this side of the coin, there is the motto IN GOD WE TRUST written with the word LIBERTY also added there. If there is a mint mark on the coins, see below the date on the front side that can be either S or D and not a mint mark for Philadelphia.
Reverse of the 1949 Penny
The back side of this coin comes with two wheat stalks. This side design was also made by Victor David Brenner. On this side, there is the UNITED STATES OF AMERICA written with the Latin motto “E PLURIBUS UNUM.” On this side, there are the initials of Brenner’s.
Some other features of the 1949 penny are
It has a smooth edge and, in some coins, a plain edge. It does not have reeds.
Its dimensions are 19.05 mm (0.75”) in diameter.
The metallic composition is 95% copper with the rest in zinc and tin.
Its weight is 3.11 grams.
It has 15 coins, and it has a value of 5.45 dollars.
1949 Penny Errors List
1949 S Penny DDO
Double die error is related to the issue that occurs in the creation of a die used for coin strikes. If there is movement in shifting design, hub doubling occurs on design. This design on coins struck with a die. It occurs when one front die is used to strike pennies at S mint in 1949. The doubling effect can be seen on digits 1 and 4 of the 1949 date. The value of coins with this error is based on condition.
| Grade | Value |
| MS63 | $75 |
| MS65 | $200 |
| MS67+ | $1,500 |
1949 D/D,RPM
Some 1949 pennies were made at D mint with the D mint mark repunched. This error can be seen with the use of a microscope. Coin with this error having grade MS65 red sold for 400 dollars.
1949 S/S RPM Penny Error
A re-punched mint mark can be known as D over D, mentioned as D/D; if it is S, it can be written as S/D or S/S. For this condition, S was punched to the right side of the older S mark. The coins with an MS65 RD grade sold for $70. D/D mint mark coins sold for 900 dollars.
1949 Penny 90% Off-Center Error
The die moves during strikes. It makes doubling, tripling, or also quadrupling errors. If shifting occurs at the die stage, it is known as a variety since many coins with that die come with the same error. The coins having 90 percent off center sold for 630 dollars in 2021.
How Many 1949 Pennies Were Made?
There were larger numbers of pennies made in 1949; the P mint made 218 million pennies. D Mint made 153 million, and the S Mint made more than 64 million. A total of 435.2 million pennies were produced in 1949.
How much is a 1949 wheat penny worth today?
Most circulated condition 1949 pennies have a value of 3 or 4 cents. Uncirculated 1949 pennies have a value of one or more dollars. The 1949 Lincoln pennies with errors sold for $100+.
1949 Penny Details
- Mass/Weight: 3.11 grams
- Mintage: 217,775,000
- Metal Composition: 95% Copper, 5% Tin and Zinc
- Designer/Engraver: Victor D. Brenner
- Minted at: Philadelphia (No Mint Mark)
- Diameter: 19 mm
| Country: |
United States
|
| Year Of Issue: | 1,949 |
| Denomination: |
One Cent (USD
|
| Mint Mark: |
None (Philadelphia)
|
| OBV Designer |
Victor David Brenner
|
| REV Designer |
Victor David Brenner
|
| Quality: |
Business Strike
|
| Mintage: | 217,775,000 |
| Alloy: |
95% Copper, 5% Tin and Zinc
|
| Weight: | 3.11 g |
| Diameter: | 19.00 mm |
| Edge: | Plain |
What Year Is The Rarest Penny?
The USA pennies faced many changes from their creation, such as the large cent made from 1793 to 1857 and the small cent series (1856 to date). Larger cents have a diameter range from 28.58 to 29mm, and small cents have a diameter of 19.05mm. These coin series have subtypes of coins like the Lincoln Wheat Cent and the Draped Bust Cent. The 1877 penny is a rare penny that is called the Indian head penny. These coins made by engraver James B. Longacre come with Lady Liberty. About 852,500 coins were made.
What pennies are rare in the 1940s?
The most valuable 1940 penny (with wear from circulation) is the 1940-S penny.
What is the most expensive penny?
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FAQs
How much is a 1949 penny worth?
The value of 1949 pennies is based on condition and type. A circulated 1949 P penny has a value of 0.03 dollars, and uncirculated condition coins can be worth 35 dollars.
The 1949 D penny is of high value; circulated coins can be worth 0.05 dollars, and uncirculated ones can be 26 dollars or higher. 1949 S penny in circulated condition can be worth $0.05, and an uncirculated one is $16 or more.
Is a 1949 wheat penny rare?
The 1949 penny is rare due to older coins and fewer coins being in circulation. It has unique features that come with VDB controversy and missing denticles that make them high-value coins. Some error coins, like the 90% off-center error and the 1949 S/S RPM penny error, are high value for collectors.
What is a 1949 wheat penny?
The 1949 wheat penny is a one-cent coin made by the US Mint as part of the Lincoln wheat penny series that was made from 1909 to 1958. It comes with a photo of Lincoln on the front side and two wheat stalks on the back side.
Which wheat penny is worth the money?
1944 Steel Wheat pennies can be worth $408,000 in mint condition and up to $10,000 in average condition.
How much is a 1948 wheat penny worth?
The 1948 penny value is $0.02 to $0.10, and it can range from 3 cents to over $10,000.
What wheat penny is worth 100,000?
The 1943 bronze cents can be valued at $100,000 or more.
