The 1946 Wheat Penny is available in three colors: brown, brown-red, and red. The red variants are usually worth more. Many of the 1946 Wheat Penny coins entered circulation right away, just as other coins from the same era. That may cause the coin's extreme rarity in higher Mint State grades, which will presumably translate into a greater price.
Since the US Mint stopped manufacturing half-cents in 1857, the one cent is the lowest value piece of US currency. Because the British coins are of the same name, Americans frequently refer to this one-hundredth of a US dollar as a penny, even though that is not their official name.
In 1793, the first cents were introduced. By 1857, the US Mint was churning out these large coins, known as LARGE CENTS, in seven different designs. Their diameters of 1.06299 and 1.14173 inches (27 and 29 mm) were comparable to that of the modern US dollar.
All cents have been regarded as tiny since 1856; their diameter is 0.75 inches (19.05 mm). Before Lincoln pennies debuted in 1909, the US Mint exclusively issued Indian Head cents, with the exception of Flying Eagle, which was struck in just two years.
| 1946 Wheat Penny Types | ||
|---|---|---|
| Location | Year | Minted |
| Philadelphia | 1946 No Mint mark penny | 991,655,000 |
| San Francisco | 1946 S penny | 198,100,000 |
| Denver | 1946 D penny | 315,690,000 |
| Total | 1,505,445,000 | |
In 1909, wheat penny minting began in observance of Abraham Lincoln's 100th birthday. Production of these coins continued until 1959, when the new Memorial cents took their place.
In 2009, the 4 reverse designs of the Lincoln Bicentennial were produced to mark the 200th anniversary of Abraham Lincoln's birth. Following the 2010 release of the new Lincoln Union Shield cents, their production has continued to this day.
Remarkably, the coin reverse was the only one to alter over time. However, the President's bust that is shown on the obverse has not changed.
One of the most popular American coins, and the one with the lowest denomination, was made by Lithuanian sculptor Victor D. Brenner. The United States Mint began producing Lincoln cents in 1909 and continues to do so, albeit with minor modifications to the reverse design.
The obverse of the coin remains unchanged, in contrast to the reverse design, which was altered every 50 years to commemorate Lincoln's birthday. President Lincoln can be seen looking to the right in the center of the plain-edge coin.
Typical inscriptions contain phrases and mottos that are significant to Americans metaphorically. In addition, they're mandated by legislation so that you can observe:
IN GOD WE TRUST is inscribed on the top. LIBERTY is inscribed behind the back of the 16th president, and 1946 is on Lincoln’s chest.
Lastly, the designer's initial VDB is subtly positioned behind the shoulder truncation. The date is blank on most cents, although the mint mark appears on pieces from two of the three mints, including:
The letter D indicates that Denver is where this coin was produced.
The letter S shows this coin was struck at the San Francisco Mint.
The 1946 Wheat penny had two wheat stalks along the left and right rim sections, just like all coins struck between 1909 and 1958. The reverse design was only in use for fifty years, as opposed to the regular obverse. On top, it displayed E · PLURIBUS · UNUM, and in the coin center were the following:
United States of America, one cent
These inscriptions, which were struck in various letter sizes, were arranged in four lines between wheat ears. The design and metal type of each coin plays a role in determining the 1946 penny value.
| 1946 Wheat Penny Details | |
|---|---|
| Face value | One cent ($0.01) |
| Shape | Round |
| Compound | An alloy of 95% copper with zinc or tin |
| Coin thickness | 0.03937 inches (1 mm) |
| Coin diameter | 1.75 inches (19.05 mm) |
| Coin weight | 0.10970 ounces (3.11 g) |
| Edge | Plain |
In 1946, the US Mint produced 1,505,445,000 Lincoln Wheat pennies in three mints, setting a record for cent mintage. Be advised that since their manufacture was halted in 1942, no proofs were struck this year. In 1950, the first coins meant for collectors reappeared.
The Philadelphia Mint produced the greatest quantity of No Mint mark pennies (1946, 991,655,000), which were put into circulation. Three kinds can be distinguished by color.
Red specimens are the most expensive. In lesser-mint state grades, most only cost $0.55 to $85; nevertheless, the best-preserved pennies are believed to be worth $515 to $600. But in 2006, a collector paid $14,950 for a single coin of such type.
Reddish-brown examples are more reasonably priced, with a price range of $0.35 to $55. But in 2019, one in MS 64 grade made $135 on eBay. Brown cents are the least valued; they usually cost between $0.25 and $45. Seldom do rare exceptions have a higher value; one 1946 MS 67 Lincoln cent, for example, sold for $736.
| Condition | Color | Price Range | Highest Sale Price |
|---|---|---|---|
| MS (Mint State) | Red | $0.55 - $85 | $14,950 (2006) |
| MS (Mint State) | Reddish-Brown | $0.35 - $55 | $135 (2019, MS 64) |
| MS (Mint State) | Brown | $0.25 - $45 | $736 (MS 67) |
In 1946, the Denver mint produced 315,690,000 pennies, which are still available in pristine condition. Their values are based on condition, just like any other coin, but color is also important.
Brown pieces are the least collectible, with an average price range of $0.55 to $45. The only uncommon examples that have this characteristic are worth more. The 1946 D AU 50 Lincoln Wheat brown cent is the finest illustration. It set an auction record when it sold for $470, despite its poor rank and unappealing tone.
Red-brown pennies are valued by collectors at a somewhat higher rate, ranging from $0.65 to $55. Rarely do you ought to pay extra for a coin like that. For example, in 2021, the 1946 D MS 67 red-brown cent achieved a record price of $145.
Red-toning pennies are the most prized and collectible, as would be expected. You should budget between $0.85 to $162 for each piece, depending on condition.
Variations in mint marks and manufacturing numbers can impact the 1946 penny value. The highest-priced penny with the D mint mark, purchased in 2014 for $2,585, is the one in grade 67+.
| Condition | Color | Price Range | Highest Sale Price |
|---|---|---|---|
| MS (Mint State) | Brown | $0.55 - $45 | $470 (AU 50) |
| MS (Mint State) | Red-Brown | $0.65 - $55 | $145 (2021, MS 67) |
| MS (Mint State) | Red | $0.85 - $162 | $2,585 (2014, MS 67+) |
Usually, the San Francisco mint produced the fewest 1946 pennies—198,100,000. That being said, this figure was still excessive, so brown coins should cost you between $0.55 and $47. The most expensive was the one in grade 67, which sold for a record $135 at an auction.
Because red-brown pennies are more valuable, those who collect them are willing to pay at least $0.65 for MS 63-grade pennies. Superior specimens are valued between $1 and $57, whilst the most costly 1946 S RB cent was purchased for $204.
The 1946-struck red pennies are the only thing that might surprise you. Although these coins typically retail for between $0.85 and $174, one of them is the most costly in the series. In 2022, a collector paid $16,800 for the 1946 S MS 67+ cent.
| Condition | Color | Price Range | Highest Sale Price |
|---|---|---|---|
| MS (Mint State) | Brown | $0.55 - $47 | $135 (Grade 67) |
| MS (Mint State) | Red-Brown | $0.65 - $57 | $204 (Grade 67) |
| MS (Mint State) | Red | $0.85 - $174 | $16,800 (2022, MS 67+) |
The 1946 Lincoln was minted so long ago that the current state of these pennies varies significantly from piece to piece. Because of this, coin collectors need coins this old to be graded by an expert body. We will explain the various coin grades and their meanings for the 1946 Lincoln below.
Collecting the 1946 Lincoln Pennies can indeed be a very satisfying task for collectors interested in United States coinage and the history behind the coin. These Wheat Pennies, so-named because of the stalks of wheat on the reverse side, are part of a very important era in American numismatics. Here's what makes collecting them appealing:
The 1946 Lincoln Penny is from that particular period when, right after World War II, the U.S. was returning to peacetime from wartime production. In fact, this penny characterizes an era of recovery and change; therefore, it is something more than just a piece of currency.
Whereas over a billion of these pennies were minted, finding one in pristine condition is quite another story. Most of these coins went into immediate circulation, and that fact makes high-grade examples relatively scarce. Coins with bright red coloration are in high demand from collectors and may influence the 1946 penny value.
Hence, can be sold for considerable amounts ranging from some dollars to more than $14,000, depending on their grade and color.
There are three mints of the 1946 Lincoln Penny: Philadelphia (with no mint mark), Denver (D), and San Francisco (S). Many collectors try to acquire one coin from each of the three different mints. The San Francisco and Denver mint marks will be very appealing because their overall mintage is drastically lower than that of Philadelphia.
Collecting the 1946 Lincoln Penny also offers lessons on how the United States had been shaped, along with information about the minting processes involved. Subtleties involved in coin grading will also give an overview of the various grades, which range from Good to Uncirculated, and the ways to spot the differences that separate the brown, the red-brown, and the red.
While coin collecting is mainly a passion, an investment can also be considered on the subject. High-grade Lincoln pennies, especially those with the red color designation, have greater potential to appreciate in value over time and add value to any collection.
The 1946 Lincoln Wheat Penny is more than just a piece of old currency; it's a window into American history and a prized collectible. Whether you're a seasoned numismatist or just starting, this penny offers both historical significance and potential value.
In a nutshell, the 1946 penny value involves different varieties, their conditions, and mint marks. The intriguing challenge of finding a high-grade example is that collecting these coins can be a rewarding experience. And who knows? That penny in your collection might just be worth more than you think.
Happy collecting!
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