Why is the 1930 penny rare?

Why is the 1930 penny rare?

Eminently historic and unquestionably rare, the 1930 Penny was a product of the Great Depression. The worldwide deflationary spiral saw Australia’s economy shrink, and the Melbourne Mint was not required to strike many coins from 1929 to 1933. No pennies were struck in 1930 – or so it was thought.

What is the rarest US penny?

The 1943 copper-alloy cent is one of the most enigmatic coins in American numismatics — and reportedly the most valuable Lincoln penny of all.

Are there any valuable pennies from the 1930s?

Like other 1930 pennies, the 1930-S Lincoln cent is very rare in top condition. They’re worth around 40 cents to $1.50 in typical circulated grades and about $15 or more in uncirculated condition. The most valuable 1930-S penny was graded MS-67 Red by PCGS and sold for a whopping $33,350 in 2004.

How many 1934 pennies are there?

Step 1: | Date and Mintmark Combination The US Mint reported an increased demand for coinage in 1934. Responding with a total output of 247,526,000 cents struck. High production continued throughout the rest of the wheat design ending in 1958.

What is a 1934 wheat penny worth?

In very fine condition the value is around $0.75. In extremely fine condition the value is around $2.25. In uncirculated condition the price is around $20 for coins with an MS 60 grade.

How many 1930 pennies have been found?

Regardless of why the 1930 Penny was struck, the key issue is, of course, that so few were struck. The known existence of some 1,500 examples, combined with the unique Great Depression heritage, has given this coin a status unrivalled in Australian numismatics.

Which 1943 penny is worth the most?

The highest amount paid for a 1943 copper cent was $82,500 in 1996. Because of its collector value, the 1943 copper cent has been counterfeited by coating steel cents with copper or by altering the dates of 1945, 1948, and 1949 pennies.

How much is a 1930 copper penny worth today?

CoinTrackers.com has estimated the 1930 Wheat Penny value at an average of 25 cents, one in certified mint state (MS+) could be worth $30. (see details)…

How much is a 1930s penny worth?

1930 Penny Value

1930 Lincoln Penny Value
Condition of Coin
1930 $0.04 $3
1930 D $0.14 $7
1930 S $0.14 $6

What 1934 pennies are worth money?

Pricing the 1934 Lincoln Penny

1934 Lincoln Penny $0.15 $4
1934 Lincoln Penny (D) $0.20 $7.50
Source: Red Book

What is a 1934 d penny worth?

Valuing the 1934 D Wheat Penny Good 4 condition 1934 D Wheat Pennies are currently valued at $0.20 per coin. The price doubles to $0.50 if the coin is in Fine 12 condition.

What would a 1934 Penny be worth?

How Much Is A 1934 Wheat Penny Worth? The 1934 Wheat Penny is worth between .35 cents and $16.00 on average.

What is a 1934 Penny made of?

This was a huge jump in production compared to previous years. 1934 Wheat Pennies were made of a 95% copper and 5% zinc composition. With this composition, each coin weighs 3.11 grams and has a diameter of 19.05mm. Reeding is not present on the edge of the coin.

What are 1934 pennies worth?

Here’s the value of 1934 pennies in circulated condition (the typical wear that you’d see on most old pennies found in spare change): 1934 penny (no mintmark, made in Philadelphia) — 219,080,000 minted, worth 5 to 10+ cents 1934-D penny (made in Denver) — 28,446,000 minted, worth 10 to 20+ cents

What is the value of a 1934 US copper penny?

United States. Type. Copper Coin. Face Value. $0.01 USD . Mintage. 247,526,000. 1934 embarks upon the territory of the “common” Lincoln Cent. While that means that every regular-issue Lincoln Cent from 1934 onto the present day is generally quite common and worth only a few cents above face value in the lower grades, that doesn’t mean there are no challenges to be had (and enjoyed) when looking for uncirculated specimens.