1946 Lincoln Wheat Penny Value (Errors & D, S, No Mint Mark)
Coming from the iconic Lincoln Cent series, the 1946 Lincoln Wheat Penny might seem like just another common copper penny. But did you know that a rare 1946 penny was sold for a whopping $16,200 in a coin auction? Shocking, right?
However, not all 1946 Lincoln pennies are worth this much; most only fetch a few cents unless they are in excellent condition or have some rarities. So, what are these rarities?
Discover all the critical factors, including rare 1946 penny errors and mint marks, in this detailed guide and learn to assess the true value of your copper coin!
Brief History of the 1946 Lincoln Penny
A major part of the Wheat Penny series, the 1946 Lincoln Penny is special for coin collectors as it marked the first full year of penny production after World War II ended in 1945. This year’s total mintage of over 1.5 billion cents reflected the post-war economic boom.
The coin features the traditional Lincoln penny design, featuring Abraham Lincoln’s profile, which had been used since 1909. By 1946, it was familiar among Americans. However, the design was finally replaced in 1958 by the Lincoln Memorial design, making the wheat reverse cents collectible!
| 1946 Lincoln Wheat Cent | Key Features & Facts |
| Coin Composition | 95% Copper, 5% Tin and Zinc |
| Minting Location | Philadelphia, Denver, San Francisco |
| Minting Year | 1946 |
| Face Value | 1-cent (0.01$) |
| Weight | 3.11 grams |
| Diameter | 19.05 mm |
| Thickness | 1.52 mm |
| Designer | Victor David Brenner |
| Mint Marks | D – Denver Mint, S – San Francisco no mint mark – Philadelphia Mint |
| Total Mintage | 1,505,445,000 |
How to Spot a 1946 Lincoln Penny (Design & Composition)
You can easily identify a 1946 Lincoln Penny with its iconic designs on both sides and its traditional composition and dimensions. Let’s examine these features:
1946 Lincoln Penny Obverse:
- Portrait of Abraham Lincoln facing right
- The words “IN GOD WE TRUST” motto above Lincoln’s head
- The word “LIBERTY” to Lincoln’s left
- The mint date (1946) to Lincoln’s right
- The designer’s initials “VDB” (for Victor David Brenner) on Lincoln’s shoulder (visible under magnification)
- The mint mark, if present, below the mint year
1946 Lincoln Penny Reverse:
- Two wheat stalks framing the edges
- The phrase “E PLURIBUS UNUM” across the top
- “ONE CENT” face value in large text in the center
- The words “UNITED STATES OF AMERICA” below the denomination text
Coin Composition and Dimensions:
The 1946 Lincoln Penny was made of the classic “bronze” alloy, which consists of 95% copper, 5% tin, and zinc. This alloy gives the American Cent its traditional reddish-brown color and weight of 3.11 grams.
As for its dimensions, the 1946 Lincoln Wheat Cent measures 19 mm in diameter and has a smooth edge (not reeded) with a thickness of 1.55 mm.
Finding the 1946 Lincoln Wheat Penny Value (4 Key Factors)
The average value of a 1946 Wheat Penny can range from 2 to 5 cents to a few hundred dollars, with rare coins fetching up to a few thousand dollars. Let’s analyze the key factors that affect the final value of a 1946 penny.
1. Coin Grading and Condition
The condition of a 1946 Lincoln penny is the first and most important factor in determining its value. Generally, these cents are graded (by coin grading services) on a scale from Poor (P-1) to Perfect Mint State (MS-70), with MS-67 or higher examples being valuable.
For example, a 1946-D Penny with an MS-64 grade is worth only around $10, but the same coin can sell for $100 – $300 with an MS-67 grade and up to $2,100 in a higher grade.
You can also examine or grade your 1946 Wheat Cent’s condition by observing these key areas and their details:
- Lincoln’s cheek and jaw area
- Hair details
- Overall luster and color
- The presence or absence of contact marks
2. Coin Toning & Coloration
The color of a 1946 Lincoln penny, an aspect of the coin condition itself, can significantly affect its worth. Copper cents are typically graded under three color categories based on toning or discoloration:
- Red (RD): The 1946 pennies have 95% or more of their original reddish mint luster. RD-graded cents are the most valuable, often commanding 50-80% more than similar brown pennies.
- Red-Brown (RB): These coins only have 10-95% of their original red color. Being more common than red pennies, they are valued less than red ones but slightly more than brown examples.
- Brown (BN): The BN-graded 1946 Wheat Cents are the most common coins, with less than 5% remaining original red finish. While less valuable than RD and RB pennies, some coin freaks can pay a lot for an extreme, rare brown toning!
3. Mint Marks & Mintage
Mint marks or mintage are the next important valuation factor for your 1946 copper cent. The total mintage for the 1946 Lincoln Wheat Cent across all mints was 1,505,445,000, which makes it a common coin to find.
You can track the mint location of a 1946 Wheat Penny by the mint mark found on the coin’s obverse right below the mint date.
Here’s a breakdown of 1946 Lincoln Penny’s mintage and rarity as per different mints:
