These 1940s wheat back pennies are in average circulated condition but what are they actually worth? You can expect most wheat pennies from this time period to be worth between 5 to 15 cents if they are just normal looking pennies you find in your change. Of course if they are in much better condition and can be graded good, very fine or one of the mint condition grades then they can have a much higher value coin. In these cases it may be better to have a professional numismatist look at them before trusting the internet.
These 1940 no mint mark wheat back pennies I pulled from my collection are prime examples of circulated condition American cent coins. You can tell they have seen a lot of action and they have the wear and tear of daily use. Some are better looking than others but none of them would ever be called mint condition pennies.
If you keep collecting you will find many varieties of wheat coins that look anywhere from so bad you want to throw them back in the wild, to almost perfect mint examples. You just have to go through millions of coins to find the good stuff.
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