How Much is a 1941 Wheat Penny Worth? (Price Chart)

1941-penny is a representation of the 6th highest coin mintage from Philadelphia mint. It might remind you of the current Lincoln penny since the two pennies have a striking design.

What is the 1941-penny worth? The 1941-penny value is $0.02 to $1.76 depending on its condition. The 1941 S penny goes for $0.03 to $3.08.

In 1941, the composition of the one-cent coin changed from primarily copper to zinc-coated steel. This helped to conserve copper for World War II, where the military would need it for ammunition. These pennies have the word “steel” under the date on the coin’s reverse to prevent confusion because of the color change

What is the 1941-penny?

What is the 1941-penny

The 1941-penny is a one-cent coin minted in 1941 and bears the portrait of Abraham Lincoln. “Liberty”, 1941 and “IN GOD WE TRUST” are slogans that characterize the coin’s obverse. The reverse has “E PLURIBUS UNUM”, UNITED STATES OF AMERICA, and ONE CENT. Then, there are two wheat stalks.

History

The economy was crawling back to life in 1941 after the Great Depression. As World War II was wreaking havoc in Europe, the United States’ financial situation was improving. And so was the coinage production.

In 1941, the U.S mint rose in production, which led to substantial manufacturing of more than 1 billion Lincoln Wheat Pennies. The three major mints were Denver, San Francisco, and Philadelphia.

Similar to other coins manufactured between 1909 and 1958, Victor D Brenner designed the 1941 coin. It’s made from 5% Zinc and tin and 95% Copper, giving the coin a red-colored brown shade. It’s 19mm in diameter and weighs approximately 3.11 grams, making it light for portability and storage.

The head side of the 1941 coin is endowed with a picture of Abraham Lincoln, with “IN GOD WE TRUST,” written above the image. The coin is embedded with the word LIBERTY on the left side, while the right side has a date and a mintmark.

The reserve reads, “ONE CENT UNITED STATES OF AMERICA,” with stalks of wheat on each side of the coin.

How much is the 1941-penny Worth?

How much is the 1941-penny Worth

Approximately 1,108,078,000 coins were manufactured in 1941, which made them popular compared to other wheat pennies.

Summary Table Showing the 1941-penny Value

Date Good Fine Extremely Fine Uncirculated
1941 P Penny $0.15 $0.20 $0.60 $1.50
1941 D Penny $0.15 $0.20 $1 $3
1941 S Penny $0.15 $0.30 $1 $3
  • The Philadelphia mint produced 887,018,000 coins with no mint mark. The coins are mostly referred to as 1941 P wheat coins. Their worth ranges between $0.15 and $4.18. More so, Philadelphia mint manufactured about 21,000 unmarked coins, which are worth about $42.
  • San Francisco mint manufactured the least amount of 1941 coins (92,360,000) with an S mint mark. They are the 1941 S Wheat Pennies. San Francisco coins are worth between $0.15 and $6.16. However, there is no proof of graded S pennies.
  • Denver mint manufactures 128,700,000 coins. These coins are commonly known as 1941 D Wheat pennies. The Uncirculated MS-63 worth is $6.16, while the Good G-4 coin is worth 0.15. But no Proof graded pennies were manufactured in Denver in 1941.

Today, you may manage to sell your 1941 pennies on eBay. There are other reliable online auction websites that offer better values.

Additionally, the worth of 1941-penny coin is strictly based on the desirability, grade, economy and global stock market.

Grading Value of 1941-penny Coin

Grading of the wheat penny is a definition used mainly by dealers and collectors to define its condition. Each penny is judged, while the surface and wear preservation are noted.

Uncirculated Grade

Uncirculated Grade

Uncirculated coins mean they have not been in circulation and might have been stored for several years. The storage may include original mint sealed bags, or preserved by collectors, or in a bank carefully wrapped in rolls.

As a result, uncirculated pennies exhibit no wear on the surface.

Dealers and collectors of Lincoln cent strive to assemble a display of uncirculated pennies. The key to the conditions of these pennies is no wear on the surface with an intact luster.

Complete coverage of luster must remain for a coin to qualify as the uncirculated grade. They represent greater scarcity and quality and carry higher values. Along the leading edge of a lapel are touches of a smooth surface.

The uncirculated coin should have a bright luster and be visually attractive.

Extremely Fine Grade

Extremely Fine Grade

A 1941-penny displaying light wear is incredibly acceptable. You’ll realize the high relief areas like the front edge of the lapel and shoulder are prone to wear. The extremely fine graded coin should have a small flat area with a smoothing edge on either side.

Visual attractiveness is crucial to circulated wheat pennies. Eye appealing coins, without distractions, are the most sort out by dealers and collectors

Fine Grade

Fine Grade

1941 fine grade cent displays moderate wear towards a rim. The central portion is heavily flattened, but dates and legends remain bold. Lincoln’s coat appears to have a smooth shoulder.

Many 1941 pennies have worn out to a fine grade and are readily available to collectors. Eye appeal is the most considered feature of fine grade coins. The absence of deep scratches or significant marks allows a penny to remain valuable.

Good Grade

Good Grade

With this coin, broad areas and majority of design elements remain flat. Lincoln remains bold and date-readable. However, the facial features are primarily flat. The lapel appears wide and smooth.

Good grade coins are affordable, readily available, and have excellent entry collectibles.

Accurate Grading = Value

The value of 1941 pennies largely depends on its grading. However, the process can be daunting. You need to be persistent, especially when dealing with large quantities of wheat coins.

Factors that influence the value of coin 1941-penny

Factors that influence the value of coin 1941-penny

The value of the 1941-penny depends on the same factors as other old pennies. Rarity, grade, and the overall eye appeal of the coin are all important factors that influence a coin’s value. However, in addition to these three common characteristics, there are some other slightly less common features associated with 1941 Pennies worth money.

Rarity

The 1941-penny is found in extremely limited quantities. This makes it highly collectible. There are a number of factors that probably contributed to the low production numbers, including World War II. It is possible that many laborers were drafted and too few workers remained to keep up with demand for U.S-minted pennies.

Grading

The grade of a 1941-penny can vary considerably. This is due to the fact that many specimens exhibit noticeable errors in their appearance. For example, it is not uncommon for a 1941-penny to be struck on the wrong sized planchet. In some cases, small bits of metal from an alloy other than one used for pennies can be seen.

While the value of 1941 pennies varies according to grade, it is important to note that the exact same coin may be worth different amounts depending on how much wear and tear has occurred over time. A 1941-penny with lots of scratches and other signs of extensive use will naturally be worth less than a similar coin in better condition.

Mistruck Coin

A 1941-penny which is struck off center will be worth more money than a coin that is minted in the correct place. Coins may also have indentations, divots and other irregular features. While these problems are often not severe enough to affect grade, they can cause dramatic changes in how much money a coin is worth.

Error Coin

Coins with significant minting issues are known as error coins. These can include a 1941-penny that was struck on the wrong planchet or one that has an off center strike. It is possible for an error coin to be worth considerably more than its regular counterpart is, but this depends heavily upon how severe and noticeable the problem is.

How New and Clean

The physical appearance of 1941 pennies plays a crucial role in their worth. Minted pennies which appear to be in perfectly new condition, have no visible wear or scratches, and have clear features are known as uncirculated coins. Uncirculated Pennies are the most valuable and they can be worth anywhere from $100 to several thousand dollars.

History

Coins that have an interesting history behind them are known as historical coins. For example, a 1941-penny which was owned by someone famous would be far more valuable than one with no such distinction attached to it. The fact that people want to own items like this makes coins with histories more valuable than their standard counterparts.

Mintage

It is important to note that the 1941-penny was minted in large quantities. While this does not make it worth less money than other pennies, it does mean that coins from this particular year are far more common than rarer pieces. This being said, some rare examples of the coin are so valuable that the value of their grade is completely eclipsed by their scarcity.

FAQ

FAQ

1.  Is 1941 Coin Worth any Money

The 1941 coins are common but higher in uncirculated grades. Therefore, the worn pennies are worth a few cents.

2.  Were there steel 1941 wheat pennies?

No. The production of steel wheat pennies started in 1943. Furthermore, they were made in 1943 and 1944 only since the United States needed the available copper to manufacture munitions to combat the war.

These coins were largely referred to as Silver wheat back pennies or Wartime steel cents.

3. What is 1941-penny Error? 

An error coin is any piece misstruck during production. Strike errors include things like off-center and broad strike coins. Doubled die Lincoln pennies aren’t technical errors; instead, they’re in a category of cents known as varieties.

21 thoughts on “How Much is a 1941 Wheat Penny Worth? (Price Chart)”

  1. I have a 1941 lincoln wheat penny with no mint mark. I can make out some facial features. Cheek bone, outline of beard, indention of temple. Front edge of lapel can still see lines on shoulder with just my reading glasses. There’s some wear but seems to be in very good condition. Wondering what it might be worth if anything. I can add some photo’s if that helps any. Also have a 1944 no mint a 1955d and two 1956d all lincoln wheat pennies

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  2. I have a 1941 wheat penny…the front is copper and the back is steel….can’t find one like it anywhere….

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  3. I have a 1941 penny it is smaller in size and weight and thickness. My grandfather has written the difference in this coin and a normal one. Can anybody tell me what its worth?

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  4. I have a penny of 1941 and a 1967. What should I do? Should’ve I speak with someone who knows about a good trading of coins?

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  5. Have a 1941 no-mint red penny with the edge overlapping “IN” and what looks to be casting chips. There’s a capital letter “J” on Lincoln’s lapel.

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