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1916-P Lincoln Wheat Penny

$2.85

1916-P Obverse Stock Photo
1916-P Obverse

1916 Lincoln Wheat Penny Philadelphia Mint

1 in stock

Description

Stock Photo: Coin you receive will be in equal or better condition.

1916-P Obverse Stock Photo
1916-P Obverse
1915-P Reverse Stock Photo
1916-P Lincoln Wheat Penny
The value of 1916-P Lincoln pennies varies based on their condition and rarity:
  • In average condition, they are worth around $0.73

  • In uncirculated (MS+) condition, they can be worth $25 to $42 or more

  • Proof coins can be valued at $3,391 or more

  • The Philadelphia mint produced 131,833,677 coins, making them relatively common in circulated grades. 

1916 Lincoln Pennies with Common Errors

  • Off-center strikes: These occur when the coin is not struck perfectly centered, leading to an uneven alignment of the design. A 1916 penny that is 5% to 10% off-center is worth $10 to $20, while those with more significant off-centering can be worth hundreds of dollars. 

  • Die cracks or die cuds: These are raised bumps or bulges caused by damage to the die, which can occur anywhere on the coin’s surface. A minor die crack or die chip may be worth $3 to $5, while a major die cud could fetch $100 to $200 or more. 

  • Repunched mintmarks: This error occurs when the working coin die was stamped at least twice by the mintmark letter punch. Such errors are usually regarded as minor and may have values of $5 to $20. 

 

 

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