The 1936 Wheat Penny is a highly sought-after coin among collectors and numismatists. With its rich history and unique characteristics, this coin has become a staple in many collections. In this article, we will delve into the world of the 1936 Wheat Penny, exploring its value, price guide, and other fascinating facts.
The Lincoln Wheat Penny, designed by Victor David Brenner, was first minted in 1909 and continued to be produced until 1958. The 1936 Wheat Penny is part of this series, featuring a portrait of President Abraham Lincoln on the obverse (front) and two stalks of wheat on the reverse (back). This design change was a departure from the earlier Indian Head Penny design.
1936 Wheat Penny Value
The value of the 1936 Wheat Penny can vary greatly depending on several factors, including its condition, rarity, and demand. Here are some general guidelines to help you determine the value of your 1936 Wheat Penny:
- Circulated coins: If your 1936 Wheat Penny has been circulated, meaning it has been used as regular currency, its value will be lower. Circulated coins can be found for a few cents to a few dollars, depending on their condition.
- Uncirculated coins: If your 1936 Wheat Penny has never been circulated, its value will be higher. Uncirculated coins can range from a few dollars to several hundred dollars, depending on their condition and rarity.
- High-grade coins: If your 1936 Wheat Penny is in excellent condition, with minimal wear and tear, its value can increase significantly. High-grade coins can sell for thousands of dollars.
- Error coins: If your 1936 Wheat Penny has any errors, such as a misprinted date or a misplaced mint mark, its value can be much higher. Error coins can sell for tens of thousands of dollars.
1936 Wheat Penny Price Guide
Here is a price guide for the 1936 Wheat Penny, based on its condition and rarity:
- Good (G4): $0.05-$0.10
- Very Good (VG8): $0.10-$0.25
- Fine (F12): $0.25-$0.50
- Very Fine (VF20): $0.50-$1.00
- Extremely Fine (EF40): $1.00-$2.50
- About Uncirculated (AU50): $2.50-$5.00
- Mint State (MS60): $5.00-$10.00
- High-grade (MS65): $10.00-$50.00
- High-grade (MS70): $50.00-$100.00
1936 Wheat Penny Errors
The 1936 Wheat Penny has several errors that can increase its value. Here are some of the most common errors:
- Double die: This error occurs when the die used to mint the coin is misaligned, resulting in a double image.
- Misprinted date: This error occurs when the date on the coin is misprinted, resulting in a incorrect date.
- Misplaced mint mark: This error occurs when the mint mark on the coin is misplaced, resulting in a incorrect mint mark.
- Cud error: This error occurs when a small piece of metal is torn off the die, resulting in a small hole or gap on the coin.
1936 Wheat Penny Varieties
The 1936 Wheat Penny has several varieties that can increase its value. Here are some of the most common varieties:
- Philadelphia mint: This variety was minted at the Philadelphia mint and has no mint mark.
- Denver mint: This variety was minted at the Denver mint and has a "D" mint mark.
- San Francisco mint: This variety was minted at the San Francisco mint and has an "S" mint mark.
Conclusion
The 1936 Wheat Penny is a highly sought-after coin among collectors and numismatists. With its rich history and unique characteristics, this coin has become a staple in many collections. Whether you're a seasoned collector or just starting out, the 1936 Wheat Penny is a great addition to any collection.
Gallery of 1936 Wheat Penny Images:
FAQ:
What is the value of a 1936 Wheat Penny?
+The value of a 1936 Wheat Penny can vary greatly depending on its condition, rarity, and demand. Circulated coins can be found for a few cents to a few dollars, while uncirculated coins can range from a few dollars to several hundred dollars.
What are the different varieties of the 1936 Wheat Penny?
+The 1936 Wheat Penny has several varieties, including the Philadelphia mint, Denver mint, and San Francisco mint. Each variety has its own unique characteristics and can increase the value of the coin.
What is the rarest error on the 1936 Wheat Penny?
+The rarest error on the 1936 Wheat Penny is the double die error, which occurs when the die used to mint the coin is misaligned, resulting in a double image.