Are friend a coin trader or numismatist? The 1942 coin is an antique coin precious premium prices above face value. If friend are looking for a coin to buy, it have to be part of her collectibles.
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The united state mints struck the 1942 penny to commemorate Abraham Lincoln’s bear anniversary. It features a frontal profile of Lincoln and also a pair that wheat strands on the turning back side. Likewise called the ‘Lincoln cent’ or the ‘wheat penny,’ this coin is worth one cent at challenge value.
In this article, you’ll discover the history of the 1942-penny and also how much it is worth. You’ll additionally discover just how to grade your coin and determine its can be fried value.
What Is the 1942 Penny?
It is just one of the single-cent coins struck because that circulation native 1909 to 1958. Draft by Victor David Brenner, the obverse functions a profile bust of Abraham Lincoln and a pair the wheat stalks on the turning back side. The united state mints officially issued the penny in 1942.
Brief an overview of the 1942 PennyName the Coin: 1942 Wheat PennySeries the coins: 1942, 1942 D, 1942 S, ProofsPortrait: Abraham LincolnMain reverse Feature: Wheat stalksDenomination: $0.01Pawnshop Value: $0.19-$3.22+Metal Composition: 95% copper, 5% (tin/zinc)Diameter: 19 mmMass / Weight: 3.11 gramsMint: Philadelphia, Denver, mountain FranciscoDesigner: Victor David BrennerMintage Number: 864,579,590 coins
History that Design
The history of the 1942 coin dates back to an ext than 3 decades before its main issue. In 1904, president Theodore Roosevelt expressed problem at the lack of artistic appeal of the American coinage. As a result, there was an urgent need to beautify the coinages in circulation.
There wasn’t a congress restriction staying clear of the re-design of turn coinages. The President, with the united state mint, rental sculptor Saint-Gaudens because that the task. Back Saint-Gaudens pass away before completing the job, the united state mint carried on and also completed the procedure in 1908. All focus then change to the couple of remaining one-cent coins. Throughout the find for a professional sculptor, president Roosevelt came throughout a medal designed by Victor Brenner because that the Panama-based Canal Commission. Impression by the award, he inquired around the medal’s designer.
Meanwhile, the 100th birth anniversary was rapid approaching, amid raised pressure to have a Lincoln penny. Therefore, the united state mint officially hired Victor Brenner to architecture a coin in memory of Abraham Lincoln. After many proposals, the united state mint embraced Victor Brenner’s architecture and set a day for it’s unveiling in July 1909.
Reason for Minting
The key idea behind the Lincoln penny to be to commemorate the 100th bear anniversary the the late President Abraham Lincoln. Additionally, nobody of the united state coinages featured the portrait of an American President. So, it was time because that the Lincoln penny to begin circulating.
Famous numismatists, collectors, and also a ar of the population mounted pressure on the united state mint to style a coinage in honor of Abraham Lincoln. In ~ the start of the design, the key mint specified that it want a coin special the file of Lincoln. Victor Brenner drew inspiration indigenous an old photo of Abraham Lincoln reading a publication with his child by the side.
Three mints struck the 1942 penny, namely Philadelphia (657,796,000), Denver (206,698,000), and San Francisco (85,590,000). Collectively, all mints to win a total of 864,579,590 coins in 1942.
Features that the 1942 Penny
Similar to other coinages, the 1942 penny has unique features top top both sides. Features include inspiring slogans, images, challenge value, and metal composition.Below is an thorough look into the features:
The portrait is a file bust the Abraham Lincoln, the 16th chairman of the United states of America. The obverse features a right-facing Lincoln in ~ the main portion of the coin. He shows up composed in a nice bow tie and also a coat.
Along the top rim of the coin is a slogan “IN GOD us TRUST” created clockwise in block letters. Contempt behind president Lincoln is a slogan, “LIBERTY,” beginning from the left margin. It appears as a directly line that block text. Listed below Lincoln’s chin is the official year of worry (1942), appearing closer to the lower, ideal margin
The reverse functions two identical wheat stalks standing follow me the left and also right margins. The Latin motto “E PLURIBUS UNUM” is on the top margin,” analysis clockwise in block text.
Two dots different the 3 words in the Latin phrase. Listed below the Latin expression is the coin’s denominational value (ONE CENT) in block letters. The words “UNITED claims OF AMERICA” show up at the reduced portion, close to the margin.
Slogans and also Mottos
The 1942 penny has actually three far-ranging slogans on both faces:Liberty
A symbolic American goddess shows up on the Liberty statue in brand-new York together Liberty. The country received the artwork together a gift indigenous France throughout the great American Revolution. The slogan is an main motto that signifies liberty and also freedom prevailing in the country.E Pluribus Unum
America adopted the slogan to affirm the development of a country out of many states. A Latin expression denotes ‘Out that many, one.’In God us trust
The slogan is the nationwide motto that the United states of America. It is an expression the the strong religious sentiments the the nation. The world of America believe that your political and economic fortunes count on God.
The 1942 collection of the Lincoln coin has unique mint marks that display the ar of the mints the struck the coin. Acquisition a closer look in ~ the currency, you will most likely see the complying with mint marks: ‘’S” (San Francisco) and also “D” (Denver). However, together a norm, coins struck at the Philadelphia mint did not have actually a mintmark.
Weight of metal Used
The united state Mints struck the 1942 penny using 95% copper. In addition, one alloy that zinc and tin develops 5% of the coin. The 1942 penny weighs 3.11 grams and also is 19 mm wide.
1942 penny Value
The 1942 Wheat penny has high worth as a numismatic coin and gem in pristine condition. On average, you deserve to earn $0.19 from pawnbrokers for her Lincoln penny. Additionally, the high copper content gives the coin a higher value than its face value. Listed below is how much the coin is at assorted numismatic levels:
Comparison Table mirroring the value of the 1942 Penny:
|Condition||1942||1942 D||1942 S||Proofs (PR 63)|
The coin is precious one cent ($0.01) at challenge value. The face value shows up on the turning back side that the coin.
How much Is the steel in 1942 penny Worth?
The 1942 penny consists of 95% copper, thus worth its load in copper. The present spot price because that copper stands at $0.26 per ounce. Therefore, it has actually a melt worth of $0.0291. Coin trackers calculation that the melt value will adjust when the copper spot price changes.
How much Is the 1942 penny At the Pawnshop?
At a pawn shop, collectors can pay premium worths for high-grade 1942 pennies. The lowest beginning price is $0.19 for a coin in average condition. One uncirculated MS+ coin sells in between $1.11-$3.22 or higher. If you have a evidence coin in PR 63 state, it could fetch as lot as $44 or more.
The typical Value the the 1942 Penny
The conventional value for the 1942 penny ranges from $0.35 in average condition to $3 in certified mint state.
Factors that influence the 1942 penny Value
The us mints struck more than 800 million pennies in 1942. Since of the high mintage and fairly long circulation time, only a couple of are obtainable in uncirculated conditions. Nevertheless of the mintage, some determinants still beat a an important role in identify the value of the 1942 penny.
Here is what come look because that in a 1942 Lincoln penny:
It is the most crucial determining factor in the worth of the penny. Premium high quality coins have actually a minimal supply and also a relatively higher value. Judging the condition starts with a very first impression the the overall appearance. Walk the coin appear flat, tired, or worn out? walk it have a shining mint luster with distinct features? with the aid of a magnifying glass, you need to judge the problem of her coin.
Below are the four main grading conditions suitable for a 1942 penny:Uncirculated
An uncirculated Lincoln coin did no circulate ~ its issuance through the mints. As a result, it has no wear to the surface. Additionally, it has a shiny mint luster to the high points, and also every detail is together it was at the time of mintage. You have to see a fine grade of luster and also well-defined functions through a close inspection of Lincoln’s profile. There should be no scrape marks or abrasions ~ above the surface ar of the penny.Extremely Fine
In this grade, the coin had little circulation time prior to collectors i was withdrawn it from the market. As a result, it has minor wear on its surface. It has a shiny mint luster, although not similar to an uncirculated coin. There is slim wear top top the high-point features, a mark-free surface, and a light-brown tone adds one eye appeal.Fine
A fine-grade coin functions Lincoln’s portrait with far-ranging flattened features. A wide flat surface ar connects the ear and also the top cheek. The once high features now show up dull, without comprehensive distinctions.Good
A wheat coin in good grade has big flat parts throughout the main part. The area around Lincoln’s ears is a level plane, and also the jaws connect with the cheeks. Additionally, the contour areas are flat, and the hairline merges into the lower back.
Mint mark (Location)
Due to a high mintage that wheat pennies, the mintmark recognition is a unique feature the determines the value of the penny. In the 1942 series, three key varieties exist; Philadelphia, mountain Francisco, and also Denver. Philadelphia’s mint win the highest variety of coins in 1942. The high mintage contributed to an numerous supply the Lincoln pennies. The 1942 pennies without the mintmark are thus low in worth in all conditions.
Denver’s mint win the second-largest number in 1942. Although plenty of still survive, there is a sector for those v minimal to no wear. San Francisco mint to win the least amount that wheat pennies in 1942, which created a details interest in the mountain Francisco variety. Lock equally was standing out through the greatest value in average and uncirculated conditions.
Unique rarities exist in the 1942-penny series. They are a group of coins that appear different from others of the very same quality, category, dimension, and type. Error coins, for instance, fetch in between $150 and also $200 or higher. An instance of an especially rarity is the 1942 Ecuador 20 centavos. The united state mint accidentally struck Lincoln’s file on a brass planchet intended because that circulation in Ecuador. Unlike other 1942 pennies, the weighs a record 4 grams.
1. Which 1942 coin is worth a many money?
The 1942 proof penny is precious premium values. A proof coin sells in ~ $35+ with slightly over 32,000 struck.
2. Where is the mint note on a 1942 Penny?
The 1942 D and also 1942 S have a mint mark on the obverse side below the date. Coins struck in Philadelphia be affected by each other no mint mark.
3. How can I call if my 1942 coin is uncirculated?
An uncirculated 1942 penny has actually a glowing mint luster on every high points. If that has broken sections of the mint luster, it is “circulated.”
Winding Up: Is the 1942-Penny worth Worth It?
The 1942 coin forms component of the wheat cent struck come remember Abraham Lincoln. The coin consists of 95% copper, 5% (tin/zinc), and also weighs 3.11 grams. A high-grade variety of the coin, mint location, and special mintage error have the right to guarantee you high values.
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