1917 Lincoln Wheat Penny is one of the most sought-after coins by collectors. This penny has rare errors and mint mark variations that significantly increase its value. Understanding these key factors can help determine if your penny is worth hundreds or even thousands of dollars.
1917 Wheat Penny Value Overview
Several factors influence the value of a 1917 Lincoln Wheat Penny, including condition, rarity, and mint errors. Collectors seek these pennies due to their historical significance and unique variations.
Factors That Determine Value
- Mint Mark: The presence of a mint mark affects its worth.
- Condition: Higher-grade coins fetch better prices.
- Rare Errors: Certain errors increase collectability and value.
1917 Wheat Penny Mint Mark Variations
The 1917 Lincoln Wheat Penny was minted in three locations: Philadelphia, Denver, and San Francisco. Each mint mark affects the coin’s value differently.
1917 No Mint Mark Penny (Philadelphia Mint)
- No mint mark on the coin.
- Common in lower grades but valuable in higher grades.
1917-D Penny (Denver Mint)
- Marked with a small “D” below the date.
- Scarcer than the Philadelphia version.
- Higher values in uncirculated conditions.
1917-S Penny (San Francisco Mint)
- Marked with a small “S” below the date.
- Less common, making it more valuable.
Rare Errors That Can Make Your 1917 Wheat Penny Valuable
Certain minting errors can make a 1917 Lincoln Wheat Penny highly valuable.
1. 1917 Doubled Die Obverse (DDO)
- The date and letters appear doubled.
- One of the rarest and most valuable errors.
2. Off-Center Strikes
- The image is not perfectly centered.
- The higher the misalignment, the more valuable it is.
3. Die Cracks and Cuds
- Raised lines or bumps due to cracks in the die.
- Collectors seek unique patterns in the cracks.
4. Repunched Mint Marks (RPM)
- Visible overlapping of the mint mark.
- Collectors value well-defined examples.
5. Struck on Wrong Planchet
- Some pennies were accidentally struck on incorrect metal blanks.
- Unusual weight and appearance increase value.
How to Identify a Valuable 1917 Wheat Penny
If you think you have a 1917 Lincoln Wheat Penny, follow these steps to assess its worth:
- Check the Mint Mark: Look below the date for D or S.
- Inspect for Errors: Use a magnifying glass for doubled dies and repunched mint marks.
- Determine the Condition: Higher-grade coins fetch higher prices.
- Weigh the Coin: Incorrect weight could mean an error coin.
- Consult Experts: Professional grading services can authenticate value.
What Is the Value of a 1917 Wheat Penny?
General Value Estimates
- Circulated Condition: $0.50 – $20
- Uncirculated Condition: $50 – $500
- Rare Error Coins: Up to $10,000+
Where to Sell a 1917 Wheat Penny
If you have a valuable 1917 Lincoln Wheat Penny, you can sell it through these methods:
- Online Auctions (eBay, Heritage Auctions)
- Coin Dealers
- Coin Shows
- Collectors Forums
Conclusion
The 1917 Lincoln Wheat Penny can be worth a fortune if it has rare errors or is in high-grade condition. By understanding mint marks, errors, and condition, you can determine if your coin is valuable. If you suspect you own a rare piece, consult an expert for professional grading.
Frequently Asked Questions
- What is the most valuable 1917 Lincoln Wheat Penny?
- The 1917 Doubled Die Obverse is one of the rarest and most valuable.
- How do I know if my 1917 penny has an error?
- Look for doubling, misalignment, or unusual markings with a magnifying glass.
- Where can I get my 1917 penny graded?
- Professional services like PCGS or NGC can grade your coin.
- What does a 1917 penny weigh?
- A genuine 1917 Lincoln Wheat Penny should weigh 3.11 grams.
- Can a worn-out 1917 penny still be valuable?
- Yes, rare errors can still make even a heavily circulated penny valuable.
