"S" Wheat Penny

[Apocalyptica]

Hi guys! I just joined the other day (although this isn't my first post) and posted a question about an arrowhead. Today I want to find some information anyone has on the San Fransciso Mint Wheat Penny I received as change. I already know it was minted in San Franscico, but what other interesting facts that y'all may know that I am unaware of?

One day I had looked up the coin and it appears that in perfect condition, the coin could run for $14.

Year: 1949

 

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[Showtime2385]

Circulation Mintage of 64,290,000

 

[Apocalyptica]

Thanks showtime!

 

[cudamark]

In "perfect" condition (MS70), it would be worth a lot more than that. Even brand new uncirculated coins (which yours is not) have different grades and values. From just a cursory look at the photo, yours appears to be XF at best.....more likely VF at close inspection. Still, a nice change find!

 

[Mackaydon]

IMO, I think a grade higher than just 'fine' is pushing it.
Don....

 

[dejapooh]

The value of a coin is based on its supply and demand. Supply is effected by the number made, the number used, the number destroyed (melted, thrown in a lake, etc.). Demand is effected by the number of collectors for that particular area. More collectors, greater demand. The 1949s has a huge number created, a fairly low destruction ratio (Some coins were destroyed officially, for example, all U.S. gold coins were destroyed in 1933. The numbers left were low), More collectors collect Morgan Silver Dollars than anything else. More Morgan dollars were made, most made were saved, and were never used. The second most collected coin is the Lincoln cent. Throw all of that together and you will find that the current supply of 1949s cents exceeds the supply. If you were to try to sell that coin, you would receive almost nothing for it (I'm sorry to say). It has no intrinsic value (no silver or gold). It is a nice find for a pocket pick, but you will not be retiring soon...

 

[kingskid1611]

I like it!

 

[Apocalyptica]

Thanks for all the input guys! I wasn't looking to sell it (if it did have value I probably still wouldn't), just information. I would agree that it has been through some hands over the years though.

 

[Dozer D]

A U S coin red book might give you more San Fran mint info. It use to be the ONLY mint that produced PROOF SETS, now several places make them.

 

[mxh5891]

Hi guys! I just joined the other day (although this isn't my first post) and posted a question about an arrowhead. Today I want to find some information anyone has on the San Fransciso Mint Wheat Penny I received as change. I already know it was minted in San Franscico, but what other interesting facts that may know that I am unaware of?

One day I had looked up the coin and it appears that in perfect condition, the coin could run for $14.

Year: 1949
View attachment 1268727View attachment 1268729

What the heck kind of information are you looking for? You know it was made in 1949 and in San Francisco. Besides the mintage there is really nothing else to know.

Abraham Lincoln's head is on the obverse. Two wheat stalks on the reverse. It's made of 95% copper. I know I'm being kind of a jerk. I just don't understand what information you are looking for.

 

[Peyton Manning]

the copper in it is worth 2 cents, so that is 100% return

 

[Beans]

According to his/her profile they are a Jr. in High School. Some of you people are basically saying... Go away kid you bother me.

 

[mxh5891]

According to his/her profile they are a Jr. in High School. Some of you people are basically saying... Go away kid you bother me.

OR we are trying to figure out what type of information he wants to know?

 

[Dozer D]

A U S coin red book might give you more San Fran mint info. It use to be the ONLY mint that produced PROOF SETS, now several places make them.

"RED BOOK" would give you a general understanding of how to grade each coin ( from About-Good all the way to AU/BU/PROOF), at least you would have an idea of all future coins you find.

 

[tokameel]

Welcome to T-Net!

Congrats on your first Wheat cent. Always feel free to ask questions here.

 

[Captain Caveman]

Welcome aboard TNet! Good Luck finding more old stuff!