The 1913 Lincoln Wheat Penny is a valuable piece of early American coinage that attracts both beginner and seasoned collectors. As one of the earliest issues of the beloved Lincoln cent series, the 1913 penny holds historical significance, potential value, and unique characteristics worth exploring.
In this guide, we’ll cover the history, varieties, mint marks, errors, and current market value of the 1913 Lincoln Wheat Penny to help you understand why it’s such a desirable coin in the world of numismatics.
History of the 1913 Lincoln Wheat Penny
The Lincoln Wheat Penny series began in 1909, replacing the Indian Head cent to commemorate the 100th anniversary of Abraham Lincoln’s birth. The 1913 Lincoln cent marks the fifth year of production and was minted during the presidency of Woodrow Wilson, a time when the U.S. economy was growing and preparing for global conflict.
Designed by Victor David Brenner, the coin features a bust of President Lincoln on the obverse and two wheat stalks on the reverse—hence the nickname “Wheat Penny.” This iconic design remained in use until 1958, making earlier issues like the 1913 penny highly collectible.
Mint Marks and Production
In 1913, the Lincoln Wheat Penny was produced at three U.S. Mint locations:
| Mint | Location | Mint Mark | Mintage |
|---|---|---|---|
| Philadelphia | None | No mint mark | 76,532,352 |
| Denver | Colorado | D | 15,804,000 |
| San Francisco | California | S | 6,101,000 |
Philadelphia (No Mint Mark)
The most common 1913 penny is the one struck in Philadelphia. These coins lack a mint mark and are relatively easy to find in circulated condition. However, uncirculated examples with red luster (MS-63 and above) can command significant premiums.
1913-D Lincoln Wheat Penny
The Denver Mint produced over 15 million Lincoln cents in 1913. While not as scarce as the “S” mint variety, the 1913-D penny still garners attention, especially in high-grade condition. Collectors often seek well-struck examples, as coins from the Denver Mint during this period sometimes show weak strikes.
1913-S Lincoln Wheat Penny
With only 6.1 million coins minted, the 1913-S Wheat Penny is the key semi-key date of the year. This scarcity makes it the most valuable of the three versions. Finding one in Fine (F12) condition or higher can be quite rewarding for collectors.
How Much Is a 1913 Lincoln Wheat Penny Worth?
The value of a 1913 Lincoln Wheat Penny depends on several factors, including mint mark, condition, and whether the coin retains its original color (red, red-brown, or brown). Here’s a general breakdown of prices:
1913 Lincoln Wheat Penny (No Mint Mark):
- Good (G4): $0.75 – $1.50
- Fine (F12): $2 – $5
- Extremely Fine (XF40): $8 – $15
- Uncirculated (MS63 Brown): $30 – $50
- MS65 Red: $150 – $250+
1913-D Lincoln Wheat Penny:
- Good (G4): $3 – $5
- Fine (F12): $10 – $20
- Extremely Fine (XF40): $40 – $75
- Uncirculated (MS63 Brown): $100 – $175
- MS65 Red: $400 – $600+
1913-S Lincoln Wheat Penny:
- Good (G4): $15 – $25
- Fine (F12): $40 – $60
- Extremely Fine (XF40): $100 – $150
- Uncirculated (MS63 Brown): $300 – $500
- MS65 Red: $1,000 – $2,500+
🔎 Tip for collectors: Look for coins certified by PCGS or NGC to ensure authenticity and grading accuracy.
Rare Errors and Varieties
While the 1913 Lincoln penny doesn’t have widely known major varieties like the 1955 doubled die, there are still minor errors and die variations that interest collectors. These include:
- Off-center strikes
- Die cracks and cuds
- Re-punched mint marks (RPMs)
- Lamination errors
These mint errors can increase a coin’s value depending on severity and visual appeal. For example, a dramatic off-center strike or a strong RPM on a 1913-D could fetch premiums upwards of $100 or more.
How to Identify a Genuine 1913 Penny
Counterfeiters often target early Lincoln cents, especially those with “S” and “D” mint marks. Here are a few things to look out for:
- Check the mint mark: On genuine coins, the mint mark should look punched into the coin, not like it was added later.
- Examine the coin’s weight: A genuine 1913 penny weighs 3.11 grams and is made of 95% copper and 5% tin and zinc.
- Authenticate rare coins: If you’re buying a high-value 1913-S, have it certified by a reputable third-party grading service.
Tips for Collectors and Investors
Whether you’re just getting started or expanding your Lincoln cent collection, the 1913 penny is a smart and historically rich addition. Here are a few tips:
- Buy the best condition you can afford: A high-grade example appreciates better over time.
- Focus on “S” and “D” mints: These are scarcer and often more valuable.
- Store coins properly: Use acid-free holders or certified slabs to avoid corrosion.
- Stay updated: Coin values fluctuate with market demand and metal prices, so consult resources like PCGS Price Guide or NGC Coin Explorer regularly.
Conclusion
The 1913 Lincoln Wheat Penny is more than just a piece of copper—it’s a piece of American history. Whether you own the more common Philadelphia issue or the scarcer 1913-S variety, this cent is a foundational coin in any Lincoln series collection.
From its historical context to its collector value and potential investment appeal, the 1913 penny continues to captivate numismatists over a century later. If you come across one, be sure to examine its mint mark and condition—because it might just be worth more than you think.
Frequently Asked Questions (FAQs)
Is the 1913 Lincoln Wheat Penny rare?
The Philadelphia version is common, but the 1913-S is considered semi-key due to its low mintage and is much rarer.
What is the metal composition of a 1913 penny?
It is made of 95% copper and 5% tin and zinc.
Where is the mint mark located on a 1913 penny?
Just below the date on the obverse side (front) of the coin.
Can I sell my 1913 penny online?
Yes. Sites like eBay, Heritage Auctions, or GreatCollections are popular marketplaces for selling valuable coins.
If you’re looking to buy, sell, or value a 1913 Lincoln Wheat Penny, be sure to work with trusted coin dealers or auction houses to get the most out of your investment.