1945 wheat penny value

1945 Wheat Penny Value: A Guide to Rare Errors

The 1945 wheat penny is a valuable coin for collectors. This article will provide information on the coin, including its rarity, value, history, and key features. Additionally, we will discuss the different mint marks and errors that can affect the value of the 1945 wheat penny, as well as tips on grading and authenticating the coin.

It is important to note that the 1945 wheat penny was minted to mark the end of World War II. Additionally, certain errors on the coin can also greatly increase its value. Check out our guide about How to Collect Coins to gain more knowledge about coins.

A 1945 “no mint mark” wheat penny is worth around $0.15 in good condition and up to $2.5 in mint condition. The 1945 “D” variant can range from $0.20 in good condition to up to $3 if uncirculated. Similarly, a 1945 “S” Wheat Penny can be valued at $0.20 in good shape and can reach up to $3 in mint condition.

1945 wheat penny value
Obverse
1945 Wheat Penny reverse
Reverse

1945 Wheat Penny Value Chart

Mint TypeGoodFineExtremely FineUncirculated
1945$0.15$0.20$0.20$0.5 – $1.5
1945 D$0.20$0.30$0.50$1 – $3
1945 S$0.20$0.30$0.50$1.5 – $4

Coin Information

  • Type: Lincoln Wheat Penny
  • Country: United States
  • Year: 1945
  • Face Value: 1 Cent
  • Metal Composition: 95% Copper – 5% Tin, Zinc

1945 Wheat Penny Description & Analysis

The 1945 wheat penny is a unique coin in the Lincoln cent series as a small number of them were made out of steel due to a shortage of copper during World War II. These steel versions are considered rarities and are highly sought after by collectors. They can be easily identified by their silver color and lack of copper color.

The coin’s obverse features the bust of President Abraham Lincoln, designed by Victor David Brenner. The reverse features two ears of wheat with the denomination “ONE CENT” written in the center. The word “LIBERTY” appears above Lincoln’s head, and the date “1945” is located below Lincoln’s bust.

The 1945 wheat penny is an important coin in American history, as it was minted during World War II, a significant period in US history. Its rarity and historical significance make it an interesting and valuable coin for collectors to research and potentially add to their collections.

Size and Weight

The 1945 Wheat Penny has a diameter of 19.05mm and a weight of 3.11 grams. It is smaller and lighter than the current Lincoln Cent.

Mint Marks and Rarity

The 1945 wheat penny is a valuable coin for collectors due to its various mint marks and rarity. Each mint mark indicates where the coin was minted and can affect the coin’s value.

1945 Wheat Penny No Mint Mark

The 1945 wheat penny without a mint mark was struck at the Philadelphia mint. While this coin is not as rare as the steel version, it is still a valuable coin for collectors. The Philadelphia mint struck 1,040,515,000 pieces of the 1945 wheat pennies, making it the second-highest mintage in US coinage history.

1945 D Wheat Penny

The 1945-D wheat penny was struck at the Denver mint. This coin is considered rare than the Philadelphia mint version, with a total mintage of 266,260,000 coins. The “D” mint mark is located on the reverse of the coin, to the right of the two ears of wheat.

1945 S Wheat Penny

The 1945-S wheat penny was struck at the San Francisco mint. This coin is considered the rarest of the 1945 wheat pennies, with a total mintage of 181,770,000 coins. The “S” mint mark is located on the reverse of the coin, to the right of the two ears of wheat.

1945 S mint mark Wheat Penny
1945 S mint mark Wheat Penny

1945 Wheat Penny Values

The value of a 1945 Wheat Penny can vary greatly depending on several factors, including its condition, rarity, and mintmark. Also, check out our guide on the 1958 Penny value.

1945 “No Mint Mark” Wheat Penny Value

The 1945 “no mint mark” wheat penny is typically valued at around $0.15 in good condition, but in mint condition, it can be worth around $2.5 or more. The value of the coin can also be affected by factors such as the coin’s luster, strike, and overall eye appeal.

1945 “D” Wheat Penny Value

The value of a 1945 “D” Wheat Penny in good condition is typically worth around $0.20. However, if the coin is in Fine or Extremely Fine condition, its value can increase to $0.50 or $1, respectively. Uncirculated 1945 “D” Wheat Pennies can be worth from about $1 to $3, depending on the coin’s condition.

1945 “S” Wheat Penny Value

The 1945 S wheat penny is typically valued at around $0.2 in good condition, but in mint condition, it can be worth up to $3 or more

1945 Wheat Penny Errors Value

All coin productions produce some coins that have errors, and the 1945 wheat penny is no exception. It’s important to note that just because a penny has an error, it doesn’t necessarily mean it is extremely valuable. The value of an error penny depends on a variety of factors, including the rarity and condition of the error. Some errors are more common than others, and even then, the condition of those error coins is extremely important.

One of the most common errors in 1945 wheat pennies is the soft punching of the “One” lettering on the coin. However, errors can also be found on the rim of the coin and the obverse. Some of the coins were even featuring multiple errors which led to better sales on different auctions they were put on. For example, one penny that had three errors was auctioned at $480 in 2020 at the AU58 graduation. The errors can also occur on Philadelphia coins, not only those that were struck in San Francisco and Denver.

It’s important to note that the coins that were struck in Philadelphia don’t have any mint marks, so they are more common and thus easier to find if they have some kind of an error. Additionally, some errors may be caused by misalignment which causes the coin engraving to deviate from the center of the coin. Another rarity that may be attractive to collectors is the weight of the coin. Most of the 1945 pennies weigh around 3.11 grams, but some variations may be heavier and weigh around 3.2. If you’re unsure of whether the coin you found looks larger or chunkier compared to the general weight of the coin, you should scale it and see whether it has a weight error.

If you feel that your 1945 wheat penny has an error and it is in good condition, having it graded may be the best course of action. Some more common errors in these coins are called cut errors, lamination errors, broad struck, and double die errors. The value of a 1945 wheat penny with an error can range from $100-$700, while some rare errors have brought between $3000-$7000. However, it’s important to note that the record for the most valuable 1945 wheat penny is $14,400 for the rare 1945-D, Denver mint coin in MS 70 condition sold in 2019.

Overall, it’s important to remember that many coins are prone to errors while being struck, and the 1945 wheat penny wasn’t an exception. The errors caused by the aging of the coin such as toning, scratches, wear, change in roughness in the coin, and more are much different compared to the technical imperfections caused by the striking process.

1945 Wheat Penny DOUBLE DYE ERROR COIN 
1945 Wheat Penny DOUBLE DYE ERROR COIN 

1945 Wheat Penny Error Coins

The 1945 Wheat Penny is also known for a variety of errors that can occur during the production process. These errors can have a significant impact on the coin’s value and make it even more valuable for collectors.

Types of Errors

Improperly Annealed

This error occurs when the coin is not heated to the correct temperature during the annealing process, causing discoloration or other defects in the coin’s surface.

Clipped

This error occurs when a portion of the planchet is missing before the coin is struck.

Off Center

This error occurs when the coin is not properly aligned during striking, resulting in the design being off-center.

Repunched Mint Mark

This error occurs when the mint mark is punched into the coin twice, resulting in a double mint mark.

Struck on a Ten-Cent Planchet

This error occurs when the coin is struck on a planchet intended for a different denomination.

Double Die

This error occurs when the die used to strike the coin has a double image, resulting in a double design on the coin.

How to Determine the Value of a 1945 Wheat Penny

Determining the value of a 1945 Wheat Penny can be a challenging task, but by following a few simple steps, you can get a good idea of its value.

Step 1: Identify the Date and Mintmark Combination

The first step in determining the value of a 1945 Wheat Penny is to identify the date and mintmark combination. Coins produced at the Philadelphia Mint do not have a mint mark, while those produced at the Denver Mint have a “D” mint mark. Knowing the mintmark and date combination is essential for determining the coin’s rarity and value.

Step 2: Judge the Condition to Identify the Grade

The next step is to judge the condition of the coin and identify its grade. Coins that are considered to be in excellent condition, or in the highest grade, are generally worth more than those in lower grades. Therefore, it is important to have a good understanding of coin grading and the different grades that exist when evaluating the value of a 1945 Wheat Penny. Some of the most common grades include Good, Fine, Very Fine, Extremely Fine, and Uncirculated.

Step 3: Look for Special Qualities Enhancing Value

The final step is to look for special qualities that may enhance the coin’s value. These can include errors such as double die errors, or other unique features

FAQs

What makes a 1945 wheat penny valuable?

Several factors can make a 1945 wheat penny valuable, including its condition, rarity, and historical significance. Coins that are in excellent condition, with minimal wear and tear, will be worth more than those that are heavily circulated. Additionally, coins that were minted in limited numbers or have errors are considered to be more valuable.

What is the most ever paid for a 1945 wheat penny?

The most ever paid for a 1945 wheat penny is $14,400, which was for a rare 1945-D, Denver mint coin in MS 70 condition sold in 2019. This price highlights the importance of the coin’s condition, as well as its rarity, in determining its value.

What are some common errors found in 1945 wheat pennies?

Some common errors found in 1945 wheat pennies include cut errors, lamination errors, broad struck, and double die errors.

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