In 1927 almost 100 years ago 1927 Wheat pennies were made. These pennies are part of wheat pennies made at the 100th birthday of Lincoln’s president. These coins come with different mints and conditions that have their values. Here we will discuss them in detail. So let’s get started with the 1927 Wheat Penny Coin Value.
1927 Wheat Penny Grades
| Number | Grade |
|---|---|
| 1 | Basal State-1 |
| 2 | Fair |
| 3 | Very Fair |
| 4, 5, 6 | Good |
| 7, 8, 10 | Very Good |
| 12, 15 | Fine |
| 20, 30 | Very Fine |
| 40 | Extremely Fine |
| 50 | About Uncirculated |
| 60 | MS |
| 65 | MS |
| 70 | MS |
1927 Wheat Penny Details
- Types: Lincoln Wheat Cent
- Mints: Philadelphia, Denver, San Francisco
- Year: 1927
- Edge: Plain
- Diameter: 19.00 millimeters
- Composition: 95% copper, 5% tin and zinc
- Weight: 3.11 grams
- Total Mintage: 185,886,000
- Obverse Designer: Victor D. Brenner
- Reverse Designer: Victor D. Brenner
1927 Wheat Penny Value Chart
| Mint Mark | Good | Very Good | Fine | Extremely Fine | About Uncirculated | Uncirculated |
Uncirculated
|
|
1927 No Mint Mark Wheat Penny Value
|
$0.22 | $0.35 | $0.33 | $2.41 | $6.05 | $12 | $18 |
|
1927 D Wheat Penny Value
|
$1.42 | $2.12 | $3.06 | $9.06 | $36 | $78 | $119 |
|
1927 S Wheat Penny Value
|
$1.71 | $241 | $3.30 | $24 | $59 | $139 | $210 |
1927 No Mint Mark Wheat Penny Value
The P mint made about 144,440,000 pennies in 1927 for circulation so they can easily be found in low grade. Their common circulation makes these pennies lower cost than others.
The no-mint mark 1927 VG8 grade penny values about 0.35 dollars and the RF40 grade is 2.41 dollars. Uncirculated 1927 no mint mark penny is 12 dollars for MS60 grade.
It is a lower value as compared to S or D minted which are about 78 and 139 dollars.
Their high mint helps to find G4 grade coins in 0.22 dollars and MS65 BN grade is 75 dollars.
RB grade is about 22 to 25 dollars RB gem is 150 dollars for MS66 grade.
MS68 RB sold for 8000 dollars. MS67+ sold for 5500 dollars RD type and MS68 sold for 75000 dollars
1927 D Wheat Penny
The D mint made 27,170,000, 1927 wheat pennies and less than P mint and rare for higher grade. The 1929 D circulation penny in good condition is about two dollars and the fine circulated penny can be about 10 dollars.
The G4 BN grade coins value is about 1.42 dollars and the AU grade is 62 dollars. Gem coins with MS66 RD grade are $325 to $57,500.
In auction MS66+ RB coin sold for $6,300.
The 1927D wheat pennies’ uncirculated condition is 78 dollars with MS60 grade and MS63 grade is 119 dollars. MS66 BN grade D mint sold for 1045 dollars and MS65 RD sold for $4,680.
1927 S Wheat Penny
The S mint made about 14,276,000 pennies in 1927 for circulation. The 1927 S wheat penny with VG8 grade is about 2.41 dollars. EF40 grade is 24 dollars.
In low grade is about five cents circulated grades can be 100 dollars and uncirculated condition coins is about 115 to 250 dollars.
In Auction 2022 MS65+ RD grade coin sold for $36,000.
MS65RB wheat penny sold for $6,463 at an auction.
1927 Wheat Penny Value History
Wheat pennies were made from 1909 to 1958, from the 100th birthday of Lincoln to the 150th birthday. 1927 also wheat pennies and pennies were the first coins that had a person on US coins and the back side with 2 wheat stalks these coins were called wheat pennies. The design of pennies was made by Victor David Brenner.
The idea for adding the photo of the president on coins was given by the president at the time Theodore Roosevelt.
He admired Lincoln and referred to adding photos for celebrating his birthday. There were many changes made in the design of pennies then the final one was made.
1927 Wheat Penny Features
The obverse of 1927 Wheat Penny
The front side of 1927 wheat pennies comes with a photo of Abraham Lincoln US 16th president and the design was made by Victor Brenner. The photo of the president is right-facing. The minting date 1927 is also written on this side of the coin.
The coins minted at D and S mint come with mint marks D or S and Philadelphia mint does not have mint marks.
The word Liberty also added on this side and the motto IN GOD WE TRUST. The designer’s initial is also seen on this side of the coin.
Reverse of the 1927 Wheat Penny
The back side of wheat pennies comes with 2 wheat stalks that name these pennies. The denomination ONE CENT saw there are country named the UNITED STATES OF AMERICA. The Latin phrase is also written E PLURIBUS UNUM.
Some other features of 1927 wheat pennies are
- The diameter of pennies is 19.05 millimeters and the weight is 3.11 grams. Its thickness is one mm and round in shape.
- It has smooth edges and is made with a combination of 95% of copper and 5% of tin and zinc.
1927 Wheat Penny Error Lists
Repunched Mint Mark Error
The repunched mint mark error occurs when the mint mark is struck double on coins. It is caused when the first punched mark is not clear and again punched. The D/D north error type coins are an example of 1927 wheat pennies.
These coins have a first D mark not clear and then again strike and move slightly north of the previous one. This coin with grade MS64RB sold for $1,175 auction.
DDO Error
The doubled die obverse error occurs at the time of die manufacturing. This is not a striking error but an error on the die itself. As a result, the original component is offset from a real design that was added.
The DDO error can seen on 1927 Pcoins in letters LIB of word LIBERTY and minting date 1927 number 27. Coin with this error sold for $2,613 for an MS64 RD in auction
1927 Off-Center Pennies
In this error during design, printing is not accurately applied on the coin but has some alignment differences. The one to two percent of center errors are not high value. The five to ten percent off-center coins are high value. that can be in the range of ten to twenty-five dollars. Coins with more than 50 percent are higher value can sold for 100 dollars or higher
Die Breaks & Die Cracks error
There are lines or marks on the coins’ surface that show some cracks on the die that strike on coins. The value of coins is based on the error location and quality of that mark on coins. The coins that have a clear crack will be of higher value.
Pennies with small die breaks are of valued at two to five dollars. larger die cracks are more than 1000 dollars.
BIE error Lincoln comes with I letter crack between B and E of the word LIBERTY. This coin error has a value of 7 to 15 dollars.
What is the value of 1927 wheat penny with no mint mark?
The 1927 wheat penny does not have a mint mark made at the Philadelphia Mint. More than 144 million coins were made but did not have as high value as compared to mint mark coins.
Their face value is 0.01 dollars and circulated coins can be 20 dollars.
Some rare coins can be of $75,000!
Is a 1927 penny rare?
There were 185 million wheat pennies made in 1927 and not rare for uncirculated conditions. Mint state or higher grades are rare coins.
What Is The Most Valuable 1927 Penny?
The 1927 S penny MS65 grade red coins is of higher value and sold for 10000 dollars in auction.