What is the current value of a 1942 Wheat Penny?
The 1942 Wheat Penny was one of three different Wheat Pennies minted in 1942. The 1942 Wheat Penny was minted at the Philadelphia Pennsylvania mint and there were a total of 657,796,000 1942 mint pennies minted in all. This figure doesn’t take in account for the mint sets or mint proofs that were minted in 1942 at the Philadelphia mint. The figure only accounts for Wheat Pennies that were minted for business use circulation.
Amount of 1942 Wheat Pennies Minted: 657,796,000
1942 Wheat Penny Value: Between 35 cents and 4.00 dollars
In an attempt to help coin collectors and coin enthusiasts assess a value for their particular coin, a good rule of thumb is to know how many strikes of that particular coin were minted that particular year. Usually, the lower the amount minted at the correct mint for that coin’s year, the more valuable the coin is. Typically, the value of all coins go up somewhat every single year, and the values offered for all coins on this website are based on the numbers that these coins bring currently at auction, or have brought at auction in the past. So the values offered are based upon real purchases of each coin at coin auctions based in the United States.
Another very important detail to consider is the condition of the coin. In the coin collecting world, condition is absolutely everything. So you may consider at least having all of your key date and semi key date coins graded by an expert in your area. And for your more precious coins, there is always the ability to use professional grading services like PCGS. Using these types of services can be quite costly, so it’s only recommended that you have your very best coins professionally graded.
Below is an image of a 1942 Wheat Penny