The 1935 Lincoln Wheat Penny is a fascinating piece of American coinage that continues to capture the attention of numismatists and collectors around the world. Minted during the Great Depression, this penny tells a story not just of currency, but of resilience, craftsmanship, and historical importance. Whether you’re curious about its value, looking to collect, or just want to learn more, this comprehensive guide will give you all the essential insights into the 1935 Wheat Penny.
Overview of the 1935 Lincoln Wheat Penny
The 1935 Lincoln Wheat Penny is part of the Lincoln cent series, which was first introduced in 1909 to commemorate the 100th anniversary of Abraham Lincoln’s birth. Designed by Victor David Brenner, the coin features a portrait of Lincoln on the obverse (front) and two wheat stalks on the reverse—hence the name “Wheat Penny.”
The 1935 issue stands out as one of the more common Wheat Pennies, but certain characteristics and conditions can make it quite valuable to collectors.
Key Specifications
- Designer: Victor D. Brenner
- Obverse Design: Bust of Abraham Lincoln facing right
- Reverse Design: Two wheat ears and the inscriptions “ONE CENT” and “UNITED STATES OF AMERICA”
- Metal Composition: 95% copper, 5% tin and zinc
- Weight: 3.11 grams
- Diameter: 19.05 mm
- Edge: Plain
- Mint Marks: No mint mark (Philadelphia), D (Denver), S (San Francisco)
Mintage Figures
- 1935 (Philadelphia): 245,388,000 minted
- 1935-D (Denver): 47,000,000 minted
- 1935-S (San Francisco): 38,702,000 minted
The high mintage of the 1935 Philadelphia penny makes it relatively common, while the 1935-D and 1935-S versions are scarcer but still widely available.
Grading and Value
The value of a 1935 Lincoln Wheat Penny depends heavily on condition (grade) and mint mark. Here’s a breakdown of approximate values as of 2025:
1935 (Philadelphia, No Mint Mark)
- Good (G-4): $0.10
- Fine (F-12): $0.20
- Extremely Fine (EF-40): $0.50
- Uncirculated (MS-60 to MS-65): $3 to $15+
1935-D (Denver)
- Good (G-4): $0.20
- Fine (F-12): $0.40
- Extremely Fine (EF-40): $1.00
- Uncirculated (MS-60 to MS-65): $6 to $25+
1935-S (San Francisco)
- Good (G-4): $0.25
- Fine (F-12): $0.50
- Extremely Fine (EF-40): $1.50
- Uncirculated (MS-60 to MS-65): $8 to $30+
Mint State and Red Coins
Coins that retain their original red luster and are graded MS-65 Red (RD) can fetch significantly higher prices:
- 1935 RD: Up to $75
- 1935-D RD: Up to $100
- 1935-S RD: Up to $125+
1935 Lincoln Wheat Penny Errors
While not as famous for errors as other years, the 1935 Lincoln Penny does have some noteworthy varieties and minting errors that can increase its value:
1. Doubled Die Obverse (DDO)
Some 1935 pennies exhibit slight doubling in the lettering of “IN GOD WE TRUST” and “LIBERTY.” These are relatively rare and can be worth $50 to $300 or more, depending on condition.
2. Off-Center Strike
Coins struck off-center (especially more than 10%) are collectible and can range from $10 to $100+, depending on the degree of misalignment.
3. BIE Error
This is a die break between the B and E in “LIBERTY,” which looks like the letter “I.” These are common among Wheat Pennies and generally sell for $5 to $20.
How to Identify a Genuine 1935 Wheat Penny
To authenticate your 1935 Wheat Penny:
- Check the weight: Should be about 3.11 grams
- Examine the edges: It should have a plain edge
- Use a magnifier: Look closely at the details on Lincoln’s beard and the wheat stalks for signs of wear or error varieties
- Inspect the mint mark: Make sure it’s not altered or counterfeit, especially for D and S marks
For higher-value coins, it’s advisable to get them graded and authenticated by a professional service like PCGS or NGC.
Collectibility and Investment Potential
The 1935 Lincoln Wheat Penny is a must-have for anyone building a complete Wheat Penny collection. Due to its affordability in lower grades and investment potential in higher grades, it appeals to both beginner and seasoned collectors.
Red uncirculated examples and error coins are especially attractive from an investment standpoint. While not exceedingly rare, these coins have proven to retain value and even appreciate over time in the numismatic market.
Tips for Collectors
- Store properly: Keep your coins in acid-free holders or coin flips to prevent oxidation.
- Avoid cleaning: Cleaning a penny can significantly reduce its value.
- Hunt rolls: Wheat Pennies can still be found in mixed coin rolls from banks.
- Attend coin shows: Great place to meet dealers, get appraisals, and buy or sell coins.
Fun Fact
Did you know that the Lincoln cent is the longest-running design in U.S. coin history? Introduced in 1909, its obverse has remained unchanged for over a century, making it an enduring icon of American currency.
Final Thoughts
The 1935 Lincoln Wheat Penny may not be the rarest coin in the numismatic world, but it holds a special place in U.S. coinage history. With multiple mint varieties, collectible errors, and investment-worthy uncirculated versions, it’s a versatile and accessible piece for any coin enthusiast.
Whether you’re just starting your collection or searching for that perfect MS-65 Red gem, the 1935 Wheat Penny offers historical charm and potential value in every copper-toned detail.
FAQs
Is the 1935 Wheat Penny rare?
No, it’s relatively common, especially the Philadelphia version. However, high-grade or error coins are much rarer and more valuable.
What is the most valuable 1935 Wheat Penny?
The most valuable versions are mint state red specimens (MS-65 RD) and rare error varieties like the Doubled Die Obverse.
Can I find a 1935 Lincoln Penny in circulation today?
It’s rare but possible, especially if searching through older coin rolls or estate collections.