The 1934 Penny is part of the Lincoln Penny series that was first released in 1909, and these pennies were minted until 1958, when their reverse side was replaced. These coins have a smaller value than their face value, and they have a low value for different conditions. Here we learn different features, value, and mint mark of the 1934 penny value. So let’s get started.
1934 Wheat Penny Details
- Type: Wheat Pennies
- Mint: Denver and Philadelphia
- Weight: 3.11 grams
- Diameter: 19 mm
- Mintage: 247,526,000
- Obverse designer: Victor D. Brenner
- Reverse designer: Victor D. Brenner
- Composition: 95% copper and 5% tin and zinc alloy
- Edge: Plain
- Thickness: 1.55 mm
1934 Wheat Penny Value Chart
| Condition | 1934 No Mint mark penny |
1934 D penny
|
| Good | $0.17 | $0.22 |
| Very good | $0.20 | $0.28 |
| Fine | $0.22 | $0.56 |
| Very fine | $0.33 | $0.85 |
| Extra fine | $1.13 | $2.55 |
| AU | $4.52 | $8.54 |
| MS 60 | $11 | $24 |
| MS 63 | $17 | $31 |
| MS65 | Brown=$20Red= $40 Red and brown= $28 |
Brown: $60
Red and brown: $70 Red: $135 |
| MS67 | Red: $300 |
Red and brown: $235
Red: $3,500 |
1934 No mint mark Wheat penny value
The P mint made about 219,080,000 pennies in 1934 that were worn out with time. These coins are of more than face value. Such as in ciruclated conditions, their value range is $0.05 to $0.09, and mint state coins are high value.
The value of these coins is also based on toning, and the MS 67 grade value is about 40 to 50 dollars, and red coins have a high value.
MS 68-grade coins value is about $1,900 to $2,300.
Red 1934 P mint coins MS60 grade is about eight dollars, and MS65 is 40 dollars.
MS68-grade coins value is about 5500 dollars, and just 30 coins exist in PCGS.
1934 D Wheat Penny Value
The Denver mint made 28.4 million pennies. Brown coins are incirculated and easy to find, and there are about 2.9 million coins.
Brown coins about uncirculated conditions are about 8 dollars. MS60 brownD mintpenny is 9 dllars.
MS63 is about 15 dollars, and MS65 is 60 dollars.
MS66 grade is about 75 dollars.
Red and brown coins with a grade of MS60 are ten dollas, and MS63 are 70 dollars. Red and brown oins with MS67 grade are about 235 dollars.
The high-value coins sold for 20350 dollars in 2018.
Brown penny sold for 128 dollars in 2020. In 2003, the MS63 RD Brown 1934 D sold for $299.
History of the 1934 Wheat penny
The first penny coin was made in 1909 for celebrating the Lincoln president’s birthday. This coin is the first coin in US history that has a photo of a person’s name added on the front side of the coin. Their design was made by designer Victor D. Brenner, and on the reverse side, wheat stalks were added, so these pennies are also called wheat pennies. At 150 birthdy in 1958, the mint changed the design of coins and added Memorial
| Mint | Mark | Quantity |
| Philadelphia | 1934 No mint mark penny | 219,080,000 |
| Denver | 1934 D penny | 28,446,000 |
| Total | / | 247,526,000 |
Features of the 1934 Wheat Penny
Obverse of the 1934 Penny
The front side of 1934 wheat pennies comes with a photo of Abraham Lincoln on the front side, and this design was made by Victor David Brenner. The photo is facing right, and the motto IN GOD WE TRUST is on this side. The word LIBERTY is also written on this coin. The D Denver coin comes with the D mint mark on this side, and the Philadelphia minted coin does not have a mark.
Reverse of the 1934 Wheat Penny
1934 Wheat penny reverse comes with two wheat stalks and the Latin phrase E PLURIBUS UNUM also on this side. That means from the many, one, and is used for reference for a country as a union of states.
Some other features of the 1934 Penny are
- It is a round-shaped coin with a plain edge.
- It is made with 95 percent copper and zinc or tin.
- It has a face value of one cent.
- Its diameter is 19.05 millimeters and weight is 3.11 grams.
Most Valued 1934 Wheat Pennies
- 1934 D MS 65 DDO red penny = sold October 2022 for $600
- 1934 D MS 63 red-brown penny = sold in January 2003 for $299
- 1934 D AU 53 RPM Brown penny = sold in December 2014 for $164
- 1934 XF 40 brown penny = sold in August 2001 for $1,265
- 1934 MS 65 DDO brown penny = sold in March 2004 for $1,035
- 1934 MS 65 DDO red-brown penny = sold in August 2004 for $949
- 1934 MS 63 red-brown penny—sold in July 2002 for $805
- 1934 D MS 64 RPM red-brown penny = sold in July 2013 for $748
- 1934 D/D MS 63 RPM brown penny = sold in August 2018 for $164
- 1934 D MS 63 DDO brown penny = sold in July 2019 for $159
- 1934 D MS 65 brown penny—sold in February 2020 for $128
- 1934 D MS 67+ red penny = sold in September 2018 for $20,350
- 1934 MS 68 red penny = sold in July 2003 for $12,650
- 1934 D/D MS 67 RPM red penny = sold in June 2018 for $3,745
1934 Penny Grade
| Condition | 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 | Mint State |
| 65 | Mint State |
| 70 | Mint State |
1934 Wheat Penny Errors List
Double Die Obverse Error
The 1934 wheat pennies made at P come with a double die error on the front side. It occurs when a die is made for striking front design on planchet. Due to hubbing, any movement left a double line on the design. That shifted ton coins strike with that die.
The value of coins with this error based on coniton. Brown coin grade 15 sold for 248 dollars in auction 2014. MS66 with this error sold for $1,350.
Red and brown coins MS60 is about 600 dollars. MS66 grade is about 2000 dollars.
1934 Penny Die Clip Error
A clip error occurs when coins strike with a clipped planchet. This error coin value is 7 to ten dollars according to clip
Die Cud Error
Such an error typically occurs when a die is defective and leaves a bump on the coin edge. You can buy a Lincoln cent with such an imperfection for approximately $10.
Die Chip Error
In this error, a small piece of material is removed from the die, making a bad result on the coin having a featureless lump on the surface. Their value is three cents.
Repunched Mint Mark Error
During striking mint marks, it is seen as double or triple. Mint mark strikes at some different angle from the real point. It is not common or rare but just seen on 1934-D wheat pennies. Coins with this error can be sold for 400 to 1000 dollars.
What is a 1934 wheat penny made of?
The 1934 wheat penny is made with copper and a five percent mixture of zinc and tin. Due to copper, its color is a reddish-brown..
Is a 1934 D penny rare?
Is a 1934 Wheat penny rare?
There are many 1934 Pennies still exist, and about 22 million P mint and 2.9 million D minted exist, which means it is not rare, but some high-grade coins are rare.
How much is a 1934 wheat penny worth with no mint mark?
The value of the 1934 No. 1 mint mark is about 3 dollars. In gem conditions, its value is about fifty dollars. The auction record value of the 1934 NO mint mark is $20,350.
How many 1934 pennies were made?
| Country: | United States of America |
| Mintage: | 28,448,000 |
| Alloy: | .950 Copper,.050 Tin, and Zinc |
| Weight: | 3.11 g |
| Diameter: | 19.00 mm |
What year penny is most expensive?
- 1944 Steel Wheat Penny: $408,000.
- 1943 Copper Wheat Penny: $250,000.
- 1856 Flying Eagle Penny: $25,000.
- 1924 S Wheat Penny: $12,000.
- 1873 Indian Head Penny: $10,000.
- 1858 Flying Eagle Penny: $10,000.
- 1857 Flying Eagle Penny: $7,000.
How much are wheat pennies worth?
- The wheat pennies can be high value based on dates and minting years. Moslty wheat pennies have values 0.4 to 4 dollars. Some rare and high-minted coins are of thousands of dollars at auction.
Read also
- 1859 Indian Head Penny Coin Value, Feature, Types, & Error
- 1904 Indian Head Penny Value, features, Mint mark, Error
- 1952 D Penny Value: Are “D”, No Mint Mark Worth Money?
- 1899 Indian Head Penny Value, Are “Red”, “Brown”, “Red-Brown” Worth Money?
- 2023 Bessie Coleman Quarter Coin Value, Features, Error
- 1899 Indian Head Penny Value, Are “Red”, “Brown”, “Red-Brown” Worth Money?