The value of a 1940 wheat penny for average condition is about 35 ent and mint state can be about sixteen dollars. The 1940 wheat penny coins come with a photo of Lincoln 16th president of the US. Here we will discuss the 1940 wheat penny value, error, and types. Let’s get started with 1940 Wheat Penny Value: How Much is it Worth Today (Price Chart)
History 1940 Wheat Penny
The 1940 wheat penny is the most minted coin in USA history. These coins were made in P, S, and D mints. These coins are made with the use of three copper tin and zinc metals and the copper composition is high. 586,810,000 1940 pennies made at P mint. That does not come with a mint mark. P mint also made the 15000 proof coins. These coins now are rare and not easy to find can be in certain collections. Most 1940-proof coins look good. The S mint made 112,940,000 1940 Wheat pennies. Most collectors preferred 1940 S coins with brown or light tan coloring not having dark spots. Denver Mint made 81,390,000 coins with the D mint mark.
Features 1940 Wheat Penny
- Its weight is 3.11 grams and its diameter is 19.05mm
- It has a thickness of about 1.55 mm and a smooth edge.
- it is made with 95% copper, 5% tin and zinc
Front (Obverse) of 1940 Wheat Penny
The front side of this coin comes with a photo of Abraham Lincoln 16th US president. if the mint mark exists add it below the minting year. There is no mint mark on this coin for P mint. The words IN GOD WE TRUST are added on top of the coin over the Lincoln head and the word LIBERTY was also written on the front side of this coin.
Back (Reverse) of 1940 wheat penny
On the reverse side of the wheat, the penny comes with two wheat stalks with the words One CENT and the phrase E PLURIBUS UNUM also written on this side. The wheat stalks on the coins were replaced in 1959 at the 150th birthday of Lincoln with the Lincoln Memorial.
Some other features of the 1940 Lincoln wheat penny are:
- Its face value is one cent
- It has a composition of 95% copper plus tin and zinc
- 0.10970 ounces is weight and dia is 0.75 inches
- its thickness is 0.05984 inches with a round shape
1940 Wheat Penny Value Chart
| Condition/Grade | 1940 No Mint mark wheat penny | 1940 D wheat penny |
1940 S wheat penny
|
| Good | $0.17 | $0.17 | – |
| Very good | $0.20 | $0.20 | – |
| Fine | $0.22 | $0.28 | – |
| Very fine | $0.45 | $0.67 | $1 |
| XF | $0.67 | $0.85 | $1 |
| AU | $1.13 | $2.28 | $2 |
1940 No Mint Mark Wheat Penny Value
The P mint made the largest number of coins and made about 586,810,000 Lincoln wheat pennies in the first war year. The average coins made in this year are less cost and can be sold for less than forty dollars. Pennies with red toning have a high cost for high grades and have a value of thousands of dollars.
- MS 68 (Red)=$14,950 ( sold at auction in 2006)
- MS 62 (Red)=$4
- MS 65 (Red) = $26
- MS 67 (Red) Philadelphia penny = $190
- MS 68 (Red)=1940 Philadelphia penny= $9,000
- MS 65 (P) Wheat Penny Brown = $4.50
- MS 65 (P) Wheat Penny Red-Brown = $11.50
- MS 65 (P) Wheat Penny Red = $12
- MS 67 RD (P) Wheat Penny Superb gem uncirculated, red color = $170
- MS 67+ RD (P) Wheat Penny = $900
- MS 68 (P) Wheat Penny Unspoiled, =$14,000
1940 D Wheat Penny Value
The D mint made more than 81 million wheat pennies in 1940. The pennies come with a D mint mark on the back side of the coins. The D mint made fewer coins than other mints but still had later numbers that made 1940 D wheat pennies not rare. Their common access makes them less valuable.
- 1940 D wheat penny in good, circulated condition= $0.05
- 1940 D wheat penny in slightly less worn condition = .75 dollars
- 1940 D wheat penny in grade AU58=$1.25
- Mint State 65 grade for 1940 D wheat penny= $9.50 to $13
- MS Brown MS65 1940 D wheat penny= $9.50
- MS Red MS65 1940 D wheat penny= $13
- Brown MS67 1940 D wheat penny= $33
- Red-Brown MS67 1940 D wheat penny= $75
- Fully Red MS67 1940 D wheat penny= 155 dollars
1940 S Wheat Penny Value
The S mint made 113 million Lincoln pennies in 1940. The S mint coins are higher in value than other minted coins. That can be high value since made with a worn die and sharply struck coins are rare and have a high value.
| Grade | Condition | Price |
| 1940 S | AU58 | $1.50 |
| 1940 S | MS65 | $11 |
| 1940 S | MS65 | $18 |
| 1940 S | MS67+ | $220 |
| 1940 S | MS67++ | $900 |
1940 Wheat Penny Error List
1940 Wheat Penny Doubled Die Obverse Error
The doubled die coins are made due to damaged die in the mint. A die that is not well-created comes with doubling in design so when the die is printed on a planchet, doubling can seen on letters of words on coins and other parts of the design. Normally we can see a doubling effect on words In God We Trust.