The 1948 wheat pennies come in three varieties “D”, “P” and “S”.
How much is a 1948 wheat penny worth?
A 1948 wheat penny is worth 15 cents to $4
How many 1948 wheat penny were minted?
1948 S: 81,735,000
1948 P: 317,570,000
1948 D: 172,637,500
1948 P wheat penny
Rarity: common in all grades: These cents were well made and mintage was high. You can readily find fully struck red cents.
Facts about 1948 P wheat penny: most cents of this issue were well made. You can readily find fully struck red cents.
1948 D wheat penny
Rarity: Common in all grades.
Facts about 1948 D wheat penny: This issue was not well made. However you can find this issue easily.
1948 S wheat penny
Rarity: Common in all grades
Facts about the 1948 S wheat penny: The cents of this issue were coined from worn and overly polished dies. Many shallow features of the design are faded or missing.
A recession which began during 1947 and lasted into 1950 hit the west coast hard. This slowing of business activity reflected in the reduced demand for new coinage.