A 1935 wheat penny can be worth anywhere from $0.17 to over $19, depending on the condition of the coin and the mint mark. Coins that are in circulated condition are generally worth between $0.17 and $2.28. Uncirculated coins can be worth significantly more, with prices ranging from $3.30 to $19 and over.
The 1930s were a tough time for the American economy. The Great Depression left many people out of work, and the country was still struggling to recover. At a time when the country was still recovering from the Great Depression, the wheat penny helped to put money back into circulation.
The 1935 Wheat Penny is one of the most popular coins among collectors. Despite its age, the coin is still relatively easy to find and relatively affordable. However, the value of the coin can vary depending on its condition and whether it has been graded by a professional numismatist. In this article, we’ll take a closer look at the 1935 wheat penny value so keep reading!
A Brief History of 1935 Wheat Pennies
Wheat pennies were first minted in 1909 and introduced to commemorate the 100th anniversary of Abraham Lincoln’s birth. The original design featured a portrait of Abraham Lincoln on the front and two stalks of wheat on the reverse. Though some people criticized the new design, others found it refreshingly down-to-earth. In any case, the wheat penny quickly became a popular coin, and it remained in circulation until 1958.
Changes in the economy can have a big impact on coin production. During the Great Depression, for example, the Mint produced fewer coins overall. But 1935 was a banner year for wheat pennies. A total of 284,090,000 were minted at three different mints: Philadelphia Mint, San Francisco Mint, and Denver Mint.
Despite their relatively short time in circulation, wheat pennies have become one of the most popular types of collectible coins. Thanks to their low initial cost and wide availability, they are an excellent option for those interested in starting a coin collection.
Are 1935 Wheat Pennies Rare?
Type |
Mintage |
1935 (P) |
245,388,000 |
1935 D |
47,000,000 |
1935 S |
38,702,000 |
1935 wheat pennies are relatively common, with a total of 284,090,000 coins produced. The Philadelphia mint produced the most coins, at 245,388,000. The San Francisco mint produced 38,702,000 coins, followed by the Denver mint which produced 47,000,000 coins. There were no proof coins produced that year.
What Does a 1935 Penny Look Like?
The 1935 penny is a coin that was designed by Victor David Brenner and minted in 1935. The obverse features a bust of Abraham Lincoln with the words “In God We Trust”, “Liberty” and the date. The reverse features the words “One Cent” inside a wheat wreath and the words “E Pluribus Unum” and “United States of America”.
A 1935 penny is made of 95% copper and 5% tin and zinc compound. It weighs 0.10970 ounces (3.11 g) and is 0.05984 inches (1.52 mm) thick with a diameter of 0.74803 inches (19 mm).
As any coin collector knows, copper pennies can develop a patina over time. This thin layer of oxidation can give the coins a distinctively different appearance, ranging from a deep red to a brownish color. While some collectors seek out these coins for their unique look, others prefer the more traditional appearance of freshly minted copper pennies. Regardless of preference, it’s important to note that the patina is simply a natural effect of aging.
The mint mark on a 1935 wheat penny is found on the obverse under the date. This small letter indicates which mint produced the coin. For instance, a 1935 wheat penny with a “D” mint mark was produced at the Denver Mint, while a coin with an “S” mint mark was struck at the San Francisco Mint. Pennies from the Philadelphia Mint don’t have a mint mark.
How Much is a 1935 Wheat Penny Worth?
Condition |
1935 (P) |
1935 S |
1935 D |
Circulated |
$0.17-$0.56 |
$0.56-$2.28 |
$0.17-$0.56 |
About Uncirculated |
$1.13 |
$5.70 |
$2.28 |
MS 60 |
$3.30 |
$13 |
$5.70 |
MS 65 |
$6.64 |
$19 |
$9.13 |
1935 Wheat penny price chart
Circulated 1935 pennies can be worth anywhere between $0.17 and $2.28, depending on where they were minted and how much wear they have. Philadelphia coins in About Uncirculated (AU) condition are worth $1.13, Denver pennies $2.28, and San Francisco pennies $5.70.
Uncirculated coins, which have no wear, are worth more depending on the mint that produced them. A 1935 no mint mark penny value is around $3.30 in MS 60 grade and $6.64 in MS 65 grade. Denver coins are worth slightly more – $5.70 in MS 60 grade and $9.13 in MS 65 grade. Pennies from the San Francisco Mint are the most valuable. 1935 S wheat penny value is $13 in MS 60 grade and $19 in MS 65 grade.
Thus, a 1935 Wheat Penny can be worth anywhere from a few cents to over $19, depending on its condition and place of origin. However, some very rare coins in pristine condition and with a red patina could be worth up to $6000.
What is the Most Valuable 1935 Wheat Penny?
While many 1935 wheat pennies are worth only a few dollars, some can be worth much more. The most expensive 1935 wheat penny is one that has been graded MS 68+ by the Professional Coin Grading Service (PCGS). This particular penny sold for $34,075 in 2018. The reason this penny is so valuable is that its surfaces do not show a single flaw of any kind. In addition, the penny has a red patina, which is very rare.
The second most expensive 1935 wheat penny is the one graded MS 67 by PCGS, which sold for $23,000 in 2007. There are only a few 1935 wheat pennies that have been graded MS 67 by either PCGS or NGC, so they are very rare and valuable.
How to Determine 1935 Wheat Penny Value
While there are many factors that can affect the value of a 1935 wheat penny, one of the best ways to determine its worth is to compare it to similar coins that have been sold recently. When doing so, be sure to take into account the condition of the coin as well as the mint mark.
- A circulated 1935 D Lincoln cents sold for $0.99.
- A circulated Philadelphia 1935 penny with a double die obverse error sold for $4.50.
- A 1935 S wheat penny that appears to be in About Uncirculated condition sold for $8.50.
- Uncirculated 1935 D Lincoln cent recently sold for $16.59.
Factors That Influence the 1935 Wheat Penny Value
The 1935 wheat penny is a highly sought-after coin among collectors. While its base metal value is only a few cents, its collectible value can be quite high. There are a number of factors that influence the value of a 1935 wheat penny, including its mint mark, condition, and rarity.
Condition
When it comes to the value of a coin, the condition is everything. A coin in pristine condition will always be worth more than a coin that shows signs of wear and tear. But how do experts determine the condition of a coin? That’s where coin grading comes in.
Coin grading is the process of assessing a coin’s condition and assigning it a numerical grade on a scale from 1 to 70. The higher the grade, the more valuable the coin is. To arrive at a grade, experts carefully examine a coin for any imperfections, such as scratches, nicks, or spots. They also take into account factors like luster, strike, and overall eye appeal.
The result is a detailed report that provides an objective assessment of a coin’s condition. For collectors, this report can be invaluable in determining a coin’s value.
Mint Mark
Most people know that the year a coin was minted can affect its value. However, many don’t realize that the mint mark also plays a role. Mint marks are small letters that indicate where a coin was minted.
In general, coins from San Francisco are the most valuable, followed by those from Denver. Philadelphia coins are typically the least valuable, although this can vary depending on the specific coin and its mintage quantity.
Supply and Demand
One important factor is the laws of supply and demand. If there are more collectors seeking a particular coin than there are coins available, the price of the coin will increase.
Finally, market trends can also play a role in determining the value of a 1935 Wheat penny. If the overall market for collectible coins is strong, the value of the wheat penny will likely increase. Conversely, if the market weakens, the value of the coin may decline.
Errors
Many people think that errors on coins devalue them, when in fact, the opposite is often true. Errors can occur during the minting process, resulting in misstruck coins, die errors, or planchet errors. While these mistakes might seem like they would make the coin less valuable, collectors are often willing to pay a premium for these “error” coins.
The perceived value of an error coin is often based on its rarity and the severity of the mistake. For example, a double-struck coin might be more valuable than a coin with a slightly off-center strike. So, next time you come across a coin with an error, don’t be too quick to dismiss it – it could be worth more than you think!
1935 Wheat Penny Error List
If you’re considering adding a 1935 wheat penny to your collection, you may be interested in learning about the different 1935 wheat penny errors. We will list some of the most common errors that were made during minting in 1935.
1935 Doubled Die Pennies
For those who may be unfamiliar, a doubled die error occurs when the die used to strike the coin is incorrectly made, resulting in a coin with doubled images. While most doubled die errors are fairly minor, they’re still worth more than regular pennies. This type of error ranges in value from $50 to $100 or more.
1935 Off-Center Pennies
Off-center coins are among the most popular errors struck by the U.S. Mint. These coins are valued by collectors for their unusual appearance and often trade for significantly more than their face value. An off-center coin is simply one that was not struck in the middle of the die. This can happen for a variety of reasons, but the most common is when the coin blank is not correctly aligned in the press. As a result, the design on the coin will be incomplete and sometimes barely visible. T
The value of an off-center coin depends on its degree of misalignment. Coins that are only slightly off-center (5% to 10% or less) are typically worth $5 to $10. However, the most valuable off-center errors are those that are way off but still show the coin’s entire date – they trade for $50 to $100 and up.
1935 BIE Error
The 1935 BIE Error is a highly sought-after collector’s item for coin enthusiasts. As the name suggests, the error is characterized by a vertical die crack resembling a letter I in the word LIBERTY on the obverse. While most examples of the error are worth between $5 and $15, some rare examples have been known to sell for hundreds of dollars.
1935 Clipped Planchet Penny
These errors occur when the coin is cut from the metal sheet incorrectly, resulting in a “clip” shape. This error is most likely caused by human error, as the machines that cut the coins were not designed to produce this type of error. The value of a clipped planchet penny depends on its condition and how much of the coin is missing. A well-preserved coin with a small clip can be worth $10 or more.
1935 Repunched Mint Mark Penny
This penny was mistakenly struck with the mint mark in the wrong location, and then someone attempted to correct the error by punching the mint mark again. As a result, there are two sets of mint mark punchings on this coin. While this may seem like a small mistake, it actually has a big impact on the coin’s value. Collectors are willing to pay anywhere from $3 to $10 for a 1935 repunched mint mark penny.
5 Most Valuable 1935 Wheat Pennies Ever Sold
| 5 Most Valuable 1935 Wheat Pennies | ||||
| No. | Type | Condition | Sold Date | Price |
| 1 | 1935-S 1C | MS67 Red | Jan 10, 2019 | $14,400.00 |
| 2 | 1935 1C | MS68 Red | Jul 20, 2004 | $12,650.00 |
| 3 | 1935-S 1C | MS67 Red | Jun 3, 2010 | $10,925.00 |
| 4 | 1935-S 1C | MS67 Red | Apr 18, 2012 | $10,350.00 |
| 5 | 1935-S 1C | MS67 Red | May 28, 2009 | $9,775.00 |
1. 1935-S 1C MS67 Red Sold on Jan 10, 2019 for: $14,400.00
2. 1935 1C MS68 Red Sold on Jul 20, 2004 for: $12,650.00
3. 1935-S 1C MS67 Red Sold on Jun 3, 2010 for: $10,925.00
4. 1935-S 1C MS67 Red Sold on Apr 18, 2012 for: $10,350.00
5. 1935-S 1C MS67 Red Sold on May 28, 2009 for: $9,775.00
FAQ
What does it mean if a penny has no mint mark?
All pennies minted in Philadelphia do not have a mint mark. This can be confusing for people who are not familiar with coins, but it simply means that the coin was produced at the Philadelphia Mint. The Philadelphia Mint is one of the oldest mints in the United States, and it has a long history of producing high-quality coins.
How much is a 1935 no mint mark wheat penny worth?
Most wheat pennies are worth only a small premium over their face value, and the 1935 no mint mark wheat penny is no excepcion. In circulated condition, this coin is worth between $0.17 and $0.56. In uncirculated condition, it is worth between $3.30 and $6.64.
Why is my wheat penny red?
If you were curious about the reddish color on your 1935 penny, the simple answer is that it’s due to a chemical reaction between the copper in the coin and the oxygen in the air. Copper is a relatively soft metal, and it’s prone to oxidation, or the development of a patina.
This process is accelerated by exposure to moisture and pollutants in the air. Over time, the copper oxidizes and reacts with other elements to form a copper oxide coating, which gives the coin its distinctive red color.
Are there 1935 proof pennies?
The short answer is no, there were no proof pennies minted in 1935. Proof coins are specially struck for collectors and are not circulated. The process for making proof coins is different from that of making regular coins, and it was not used for penny production in 1935.
Proof coins are specially made for collectors and sell for much more than face value. They are struck using extra care to ensure their quality and often have a different appearance than regular circulation coins.
Final Thoughts
For many people, collecting coins is a fun and rewarding hobby. It’s a way to connect with history and learn about different time periods. Each coin has its own story, and as a collector, you can help to preserve that history.
Depending on the condition of the coin and the mint mark, a 1935 wheat penny can be worth anywhere from $0.17 to over $19. Coins in circulated condition are generally worth between $0.17 and $2.28, while uncirculated coins can be worth $3.30 to $19 or more. The most valuable 1935 wheat penny is the San Francisco Mint issue, which can be worth up to $19 in uncirculated condition.
Thursday 2nd of March 2023
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