The 1934 wheat pennies come in two varieties “P” and “S”.

How much is a 1934 wheat penny worth?

A 1934 wheat penny is worth anywhere from 35 cents to $16.00.

How many 1934 wheat cents were minted?

1934 D: 28,446,000

1934 P: 219,080,000

1934 P wheat penny

Rarity: 1934-P is common in all grades. Original rolls still exist.

Facts about 1934 P wheat penny: This issue is typically well struck, although the dies are worn. The numeral 3 has a long, tail.

Cents of this date were made in very large numbers relative to those of previous years. The popularity of coin collecting increased as a result cents were widely hoarded.

As a result there are no rare US coins from 1934 onward.

1934 D wheat penny

Rarity: This issue is scarce. The quality is generally poor and worn. Original rolls may still exist.

Facts about the 1934 D Wheat Penny: Good quality, fully red, and quality cents are hard to find. The dies in this issue are mostly worn.

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Chad Eicher

Expert Detectorist at Metal Pursuits

Detectorist Chad is passionate about metal detecting since he got his first metal detector as a gift when he was 12 years old. He created Metal Pursuits to share his knowledge and create the ultimate metal detecting resource on the web. He also loves studying history and country music.