1940 Lincoln Wheat Penny Value Guide

The 1940 Lincoln Wheat Penny is a staple of American numismatics, representing the era just before the United States entered World War II. Designed by Victor David Brenner to honor Lincoln's centennial, this bronze coin is highly sought by collectors for its iconic wheat reverse and historical significance as the first US coin to feature a real person.

What affects the value of 1940 Lincoln Wheat Penny?

• Mint Mark: While Philadelphia strikes are common, coins from the San Francisco (S) or Denver (D) mints can vary in scarcity.
• Color Designation: Numismatists value coins based on their remaining original luster, categorized as Red (RD), Red-Brown (RB), or Brown (BN).
• Condition and Grade: High-grade uncirculated examples with sharp details on the wheat ears and Lincoln's hair command the highest premiums.
• Surface Preservation: The absence of distracting scratches, carbon spots, or signs of cleaning significantly preserves the coin's market value.

How to Identify 1940 Lincoln Wheat Penny?

• Verify the date 1940 located on the obverse to the right of Abraham Lincoln's bust.
• Check the reverse for the two distinct stalks of durum wheat framing the words ONE CENT and UNITED STATES OF AMERICA.
• Confirm the material is a bronze alloy, which typically displays a reddish-brown or chocolate patina depending on its circulation history.
• Look for a mint mark (S for San Francisco or D for Denver) below the date; coins with no mark were minted in Philadelphia.

History of 1940 Lincoln Wheat Penny

The Lincoln Wheat Cent was minted from 1909 to 1958, designed by Victor David Brenner. It was introduced to commemorate the 100th anniversary of Abraham Lincoln's birth and was the first US coin to feature a real person. The 'wheat' reverse, depicting two durum wheat ears, was replaced in 1959 by the Lincoln Memorial design.