I consider the 1929 wheat penny to be the perfect penny investment. Read the rest of this article to find out why.
Image source: Wikimedia CommonsHistory of the 1929 Wheat Penny
In 1929 approximately 185,262,000 pennies were minted in Philadelphia, Pennsylvania. This number is a rough figure and does not include the entire amount of wheat pennies that might have been released into circulation.
How Many Wheat Pennies Were Minted in 1929 ?
1929 P (no mint mark) Philadelphia – 185,262,000
1929 D Denver – 41,730,000
1929 S San Francisco – 50,148,000
How Much is a 1929 Wheat Penny Worth?
The worth of the 1929 wheat penny various based upon condition. If a wheat penny is in poor condition it can be worth as little as thirty five cents.
However, a wheat cent in very good condition or perfect condition can be worth around $135.00.
The value of any coins is based upon it’s condition, grade, and amount minted. Also, for the 1929 wheat penny is particular, worth can be based upon cooper prices.
Since the 1929 wheat penny is made up of 95 percent cooper and cooper is still considered a valuable metal. This penny can have some worth to it.
Keep in mind the worth and value can go down , because it’s based on the cooper prices in the global economy and or stock market. In recent years, cooper has seen a light increase.
Don’t be fooled. Just because the 1929 wheat coin is made up of mostly cooper, doesn’t mean it’s worth much. As mentioned, it’s based on the coins shine, condition and the amount minted of that coin.
Also the year and mint mark will determine the value. Coins with a high mint tend to be worth less than coins with a low mint.
Where to Buy a 1929 Wheat Penny?
You can find a lot of quality 1929 Wheat Pennies at ebay or other quality dealers. As the writing of this post, there are over six pages of 1929 wheat pennies on ebay. The prices vary from as lows at $1.00 to as much as $100. You can find a quality deal for these pennies at ebay.com
I consider the 1929 penny to be the perfect investment because you can easily buy low and sell high. This is because the 1929 wheat penny value varies based upon condition and there are plenty of 1929 pennies circulating.