1924 Wheat Penny

Last updated: February, 06 2024

The 1924 Wheat Cent is now over 100 years old and worth up to $650.00 in MS-66 RD / MS-65 RD condition. While a BN AU might only be worth $4.00. This 1924 1c MS-62 RB on average is selling for about $42.00 USD as of recent. High end specimens should be RD in color if looking for best of the best.

1924 Wheat Penny
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  • Year: 1924
  • Mint Mark: No mint mark
  • Type: Wheat Penny
  • Price: $4.00-$650.00+
  • Face Value: 0.01 USD
  • Produced: 75,178,000
  • Edge: Smooth

Notes: The 1924 D and the 1924 S are both worth significantly more than the same coins from the P mint. As always the Red (RD) flavors of this coin are worth the most. Great values listed are for MS65 Red specimens graded by a company like PCGS or NGC.

Copper Penny Color Guide

Copper Penny Color Guide

1941 Penny Errors
  1. 1941-S Doubled Die Penny: Most well known error associated with the 1924 wheat cent. It features a doubled image on the front of the coin caused by a mistake during the minting process. $900+ USD
  2. 1941 Double Die Obverse Penny (non S): This is another double die error that affects the obverse (front) of the coin. It is less rare than the 1941-S doubled die. $20-$300
  3. Repunched Mint Mark (RPM): Mint Mark has been repunched. Very hard to price.
  4. Die cracks and breaks: Die Crack Errors. When the die breaks and is still in use. Look for raised lines on the coin.


Production Chart

Questions & Comments

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mdlindberg1229gmail.com : Could anyone please explain to me the process of selling my coins. Getting them graded and authenticated and where. Posted: February 6, 2024 2:16 pm

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Admin : @mdlindberg1229 Here is a super quick summary. Not all coins should be graded and authenticated. If the coin is a.) valuable in general due to rarity and age b.) some strange error that increases the coins value or c.) in amazing pristine condition much better than all the other coins in the same year and type. Then you may want to consider sending your coin off to have it graded.

We suggest grading by either PCGS or NGC you can google their names and get their websites. You can contact them directly for rates and estimates on what time frame you might expect to get your coin back. Grading and slabbing a coin will preserve and beyond a doubt give the coin a truly subjective grade, that people cannot argue over.

Now where to sell your coin? You can contact large auction houses, sell on ebay, or speak with a coin dealer. All of these options are going to try and make money off of your, but this is their job. Hope that helps! Reply posted: May 25, 2024 10:47 am

How much is a 1924 Wheat Penny worth?

In Average Circulated (AC) condition it's worth around $4.00, one in certified mint state (MS+) condition could bring as much as $650 at auction. This price does not reference any standard coin grading scale. So when we say Average Circulated, we mean in a similar condition to other coins circulated in 1924, and mint state meaning it is certified MS+ by one of the top coin grading companies. *** [?].

What are your coins really worth?

Use the handy-dandy calculator below to find the real value of any wheat penny in your collection.

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Specs & Design

This coin has a total mass of 3.11 g, a diameter of 19.05 mm, and a thickness of 1.55 mm. It's edge is smooth, and the coins are composed of 95% copper and 5% tin and zinc..

Designer: Victor D. Brenner

Front (Obverse): The front or obverse of this coin contains the bust of Abraham Lincoln, the 16th president of the United States. If a mint mark is present it will be on the bottom right just under the year. If no mint mark is present the coin was minted in Philadelphia. With D standing for Denver, and S standing for San Francisco. The words IN GOD WE TRUST follow the top arch of the coin nicely framing Lincolns head, and the word LIBERTY sits just left of President Lincolns Colar.

Back (Reverse): The reverse of the Wheat Penny, also known as the Wheat Cent contains two wheat stalks, the words One Cent, and the Latin phrase E PLURIBUS UNUM which means Out of many, one. The reverse image would later change in 1959.

Most Valuable

The most valuable Wheat Penny's. Prices listed are for MS-65 certified. Visit the link to learn more about each coin.

Image Year Mint Worth
Wheat Penny 1924 S $12k
Wheat Penny 1922 D $6k
Wheat Penny 1914 D $5.6k
Wheat Penny 1914 S $3.2k
Wheat Penny 1913 S $2k
Wheat Penny 1918 S $2k
Wheat Penny 1924 D $2k
Wheat Penny 1925 S $1.8k
Wheat Penny 1912 S $1.5k
Wheat Penny 1913 D $1.5k
Wheat Penny 1920 S $1.5k
Wheat Penny 1915 S $1.2k
Wheat Penny 1916 S $1.2k
Wheat Penny 1923 S $1.2k
Wheat Penny 1926 S $1.2k
Wheat Penny 1910 S $1,050
Wheat Penny 1912 D $1k
Wheat Penny 1918 D $1k
Wheat Penny 1927 S $1k
Wheat Penny 1921 S $950
Wheat Penny 1916 D $800
Wheat Penny 1926 D $800
Wheat Penny 1927 D $800
Wheat Penny 1928 S $800
Wheat Penny 1931 S $750
Wheat Penny 1931 D $725
Wheat Penny 1917 S $700
Wheat Penny 1920 D $700
Wheat Penny 1929 D $700
Wheat Penny 1924 $650
Wheat Penny 1912 $590
Wheat Penny 1909 S $550
Wheat Penny 1918 $550
Wheat Penny 1913 $500
Wheat Penny 1925 D $500
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1989 P $345.22
1989 $345,000
1989 D $345
Image Name Mint Worth

Want more? Click here to see the most valuable coins ever minted.

***Price subject to standard supply and demand laws, dealer premiums, and other market variations. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. While we wholeheartedly try to give honest price estimates there are many factors besides appearance, metal content, and rarity that help make up the coins overall value. Call or visit your local coin dealer for more information.