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1916-S Lincoln Wheat Penny

$4.85

1916-S Obverse Stock Photo
1916-S Lincoln Wheat Penny Obverse

1916 Lincoln Wheat Penny San Francisco Mint

3 in stock

Description

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

1916-S Obverse Stock Photo
1916-S Lincoln Wheat Penny Obverse
1916-S Reverse Stock Photo
1916-S Lincoln Wheat Penny Reverse

 

Value of a 1916-S San Francisco Lincoln Wheat Penny

  • Average Condition: Approximately $2.76
  • Uncirculated (MS+) Condition: Ranges from $142 to $246 or more
  • Heavily Worn Specimens: Can be worth around $2 to $10
  • Premium Specimens: With original red surfaces, values can exceed $550.

Numbers Minted

  • Philadelphia Mint (No Mintmark): Approximately 131,833,677 coins were minted. In circulated condition, they are worth between $0.25 and $16.50, while uncirculated coins can fetch up to $125. Mint state coins can be valued from $20 to $50

  • Denver Mint (D Mintmark): About 35,956,000 coins were minted. In circulated condition, they are worth around $0.80 to $65, while uncirculated coins can be valued from $115 to $144

  • San Francisco Mint (S Mintmark): Approximately 22,510,000 coins were minted. In circulated condition, they are worth about $2.05 to $35, while uncirculated coins can be valued from $134 to $233

  • Proof Coins: These are rare and can range in value from $400 to $9,000 depending on their condition. 

Common Errors

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The 1916 penny is known for several notable errors, including off-center strikes, repunched mintmarks, and doubled die varieties, with values ranging from $5 to over $200 depending on the error type and severity.

Common Errors in 1916 Pennies

  1. Off-Center Errors:
  • These occur when the coin is not struck perfectly centered, resulting in a portion of the design being cut off.
  • Values can range from $10 to $200, depending on the degree of off-centering. For example, a penny that is 50% off-center can be worth significantly more. 

  1. Repunched Mintmark Errors:
  • This error happens when the mintmark is stamped multiple times, creating a visible double impression.
  • These coins typically sell for $5 to $20, depending on their condition. 

  1. Doubled Die Errors:
  • A doubled die occurs when the die used to strike the coin is misaligned, resulting in a thicker appearance of certain features, such as the motto “E PLURIBUS UNUM”.
  • These coins can fetch between $25 and $55 or more, depending on the visibility of the error. 

  1. Die Cracks and Cuds:
  • Die cracks are raised lines on the coin caused by damage to the die, while die cuds are raised bumps that can appear on the rim.
  • Minor die cracks may be worth $2 to $10, while major die cuds can be valued at $100 to $200 or more. 

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