CoinValue

1924 Philadelphia Wheat Penny

1924 | Philadelphia | Mintage: 75,178,000 | 95% Copper, 5% Tin and Zinc
$0.5 – $375
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Obverse of Lincoln Wheat Penny showing Abraham Lincoln bust facing right (Victor D. Brenner)

Obverse

Reverse of Lincoln Wheat Penny

Reverse

The 1924 Philadelphia Wheat Penny was minted at the Philadelphia Mint with a mintage of 75,178,000. Values range from $0.5 in lower grades to $375 in top condition.

CoinValueDB Value Estimate

$0.50 – $27,500

Price History

SoldHigh BidFor SaleLast Asking PriceMoving Average
Avg: $2,145 High: $27,500 Low: $0.50 16 total data points

CoinValueDB Price Guide by Grade

CoinValueDB Price Guide by Grade
GradeValue
Good (G-4)$130
Very Good (VG-8)$0.75
Fine (F-12)$301
Very Fine (VF-20)$2
Extremely Fine (EF-40)$602
About Uncirculated (AU-50)$7
Mint State (MS-60)$2,131
Choice Mint State (MS-63)$13,762
Gem Mint State (MS-65)$72
Superb Gem+ (MS-67)$375

About the Lincoln Wheat Penny

The Lincoln Wheat Penny began production in 1909 to mark the centennial of Abraham Lincoln's birth. President Theodore Roosevelt selected sculptor Victor D. Brenner to design the coin. Brenner chose a profile of Lincoln for the obverse and two stalks of durum wheat for the reverse. This design replaced the Indian Head Penny, which had circulated since 1859. Production continued until 1958 with few major changes to the primary design. The mint restored the designer's initials, V.D.B., to the obverse (on Lincoln's shoulder) in 1918. The composition changed from 95% copper to a zinc-coated steel in 1943 due to World War II copper shortages. The series ended in 1958 when the Mint replaced the wheat ears with the Lincoln Memorial design.

Coin Details

Designer
Victor D. Brenner
Composition
95% Copper, 5% Tin and Zinc
Weight
3.11g
Diameter
19mm
Edge
plain
Series
Lincoln Wheat Cent (1909-1958)

Collecting Lincoln Wheat Penny Coins

Start your collection by purchasing a Whitman folder to organize coins by date and mint mark. Focus on the 1940s and 1950s first, as these dates remain inexpensive and easy to find in circulation. Watch for environmental damage like green corrosion or heavy scratching, as these flaws ruin a coin's value. Avoid buying high-value key dates like the 1909-S VDB or 1914-D without third-party certification, because counterfeiters frequently add fake mint marks to common coins.

This series includes key dates — check individual coin pages for rarity details.

Frequently Asked Questions

What is a 1924 Philadelphia Wheat Penny worth? +
A 1924 Philadelphia Wheat Penny is worth between $0.5 and $375 depending on condition. Coins in higher grades (MS-65 and above) command significant premiums.
How many 1924 Lincoln Wheat Cent coins were made? +
The Philadelphia Mint produced 75,178,000 1924 Lincoln Wheat Cent coins. Lower mintage numbers generally correlate with higher collector value.
Is the 1924 Philadelphia Wheat Penny a key date? +
The 1924 Philadelphia Wheat Penny is not considered a key date or semi-key date. However, condition is always important. A common-date coin in exceptional condition can still be quite valuable.
How much is a 1924 Lincoln Wheat Penny worth? +
Most 1924 pennies in average circulated condition sell for between $0.25 and $1.00. Uncirculated specimens in MS-63 grade typically cost around $40 to $60.
Is the 1924 Lincoln Wheat Penny rare? +
No, the 1924 Lincoln Wheat Penny is not rare. With over 75 million coins produced, it is a common date that remains accessible to most collectors.

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