The 1935 Wheat Penny: A Historical Snapshot
The 1935 wheat penny is part of the Lincoln cent series. These pennies feature wheat ears on the reverse side. This design was produced from 1909 to 1958. The coin holds historical significance and is a favorite among collectors.
Design and Features
The obverse side of the 1935 wheat penny showcases Abraham Lincoln’s profile. Designed by Victor David Brenner, this portrait has been a staple of the penny since 1909. The reverse features two stylized wheat stalks framing the inscriptions “One Cent” and “United States of America.” The phrase “E Pluribus Unum” is located at the top.
The penny is made from 95% copper and 5% tin and zinc. It weighs 3.11 grams and has a diameter of 19.05 mm. These specifications have stayed consistent for the series, except during World War II when alternative materials were used.
Production and Minting Locations
In 1935, wheat pennies were minted in three facilities: Philadelphia, Denver, and San Francisco. Philadelphia minted the most coins, with a total mintage of over 245 million. Denver produced around 47 million, and San Francisco minted approximately 38.7 million.
Mint marks help identify the minting location. Philadelphia coins, traditionally, do not have a mint mark. Denver coins feature a “D,” while San Francisco pennies display an “S.” These marks appear below the date on the obverse side.
Collectible Value and Grading
The value of a 1935 wheat penny depends mostly on its condition and mint mark. Circulated coins typically command lower prices. However, uncirculated or mint condition variants fetch higher values.
Grading plays a vital role in determining a coin’s value. The Sheldon Scale is commonly used. It ranges from Poor (P-1) to Perfect Uncirculated (MS-70). Grades like Extremely Fine (XF) and About Uncirculated (AU) are popular among collectors.
Pennies from the Philadelphia mint, in good condition, are relatively common and affordable. However, San Francisco mint pennies, particularly in higher grades, carry a premium due to their lower mintage numbers.
Factors Influencing Value
Besides condition and mintage, historical context can influence a coin’s desirability. The economic situation during the 1930s and mid-20th century impacts this coin’s allure. Collectors often seek coins from this era to complete historical sets.
Errors and varieties can significantly affect a 1935 wheat penny’s value. Known varieties include doubled dies and repunched mint marks. These are rare and highly sought after.
Popular Resources for Collectors
Numismatists and casual collectors alike use several resources when collecting coins. The “Red Book” or A Guide Book of United States Coins is widely used for U.S. coin information and pricing.
Coin grading services, such as PCGS and NGC, authenticate and grade coins. Their professional assessments enhance a coin’s credibility and often increase its market value.
Online marketplaces and auctions, such as eBay and Heritage Auctions, provide platforms for buying, selling, and researching coins. Numismatic forums also offer a space for collectors to share knowledge and experiences.
Attending coin shows and joining local coin clubs can boost one’s knowledge and find unique pieces. Collectors often gather to exchange coins, discuss trends, and learn from experts.
Historical Context and Significance
The 1935 wheat penny carries additional historical significance. It represents an era of transformation in the United States. The Great Depression impacted every aspect of life, including coin production and economy.
Understanding this context increases the appreciation of these coins. It underscores the vital role coins played in daily transactions and as collectible pieces. They offer a tangible link to America’s economic and cultural history.
Investing in Wheat Pennies
Investing in coins like the 1935 wheat penny can be rewarding. It requires study, patience, and familiarity with the market. Factors like rarity and collector demand affect worth.
Building a diversified collection that includes different mint marks and conditions can be a strategic choice. Monitoring numismatic trends and staying informed about the coin market is essential for making informed investment decisions.
Networking with other collectors and seeking advice from experts can enhance one’s understanding of coin investing. Knowledge consistently proves to be an invaluable asset.
Preservation and Care
Caring for coins properly ensures their longevity and maintains their value. Handling coins with clean hands or gloves reduces the risk of damaging them. Storing them in acid-free holders or albums protects from environmental damage.
Avoid cleaning coins with harsh materials, as this can reduce their desirability. Coins with original patina often retain higher values. Proper care is crucial to protect the historical integrity of collectible coins.
The Legacy of Wheat Pennies
The era of wheat pennies concluded in 1958, but their legacy persists. They continue to attract collectors, history enthusiasts, and investors. The 1935 wheat penny remains a testament to America’s rich numismatic heritage.