How Much Is a 1922 Penny Worth?

Last Updated on June 1, 2022

In 1921 the Lincoln Penny was minted in two destinations, Philadelphia and San Francisco, but only one variety of wheat cent or wheat penny was struck in 1922. This was due to a recession that year that heavily reduced mintage numbers for many coins, including 1922 Nickel

The Denver mint produced 7,160,000 cents. It was the lowest total mintage for any one year of the wheat penny series, which is good news if you are looking at one right now! As the rarer the coin is, the more value it is likely to have.


How much is a 1922 Penny worth?

The value of a 1922 Penny with a D mint mark (minted in Denver) in average to good condition is $20. In fine condition expect to get around $25, the value of a 1921 Penny in extra fine condition would be $40. If you have an uncirculated coin it could be worth $75 on average.

1922 D Lincoln Wheat Penny Seller Very Good Details

The 1922 Penny error – Why is the 1922 penny so rare?

As we have discovered 1922 was a low mintage number for the penny but there are also three main error varieties of the 1922 Denver pennies that have gained popularity. Dies striking cents with missing “D” mint marks are known as “No D”.  

There are two additional recognized varieties for this date which are much less popular and command much lower prices. One of them is the 1922 Weak D mint mark variety and the second one being the Weak Reverse variety. 

The no D 1922 Penny is by far the most elusive and so can fetch  the highest price. As we have mentioned just the Denver mint struck wheat cents in 1922, so the rare examples that exist without a “D” mark, or just have some shadows of a mark, makes them unique and valuable.

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How much is a 1922 Weak D Penny worth?

The value of a 1922 Penny with the weak D is worth around $25 in good condition. In very fine condition the value is around $70. In extremely fine condition the value is around $160. In uncirculated condition the price is around $350 for coins with an MS 60 grade.

1922 Wheat Penny No Mint Mark – How can you tell if a 1922 Penny is no D?

The best way to tell if you have a genuine no D Wheat Penny is that the rest of the coin features would have a weaker strike as well (since the dies were so worn out). The “No D” variety is the rarest and most valuable as the “No D” variety has no trace of the mint mark. 

In good condition one could fetch $267, the value of a 1922 Wheat Penny in fine condition is $363. For an extremely fine example you could be looking at $742, whilst uncirculated examples are extremely rare and could sell for a much higher price.

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1922 D Lincoln Wheat Penny Seller Very Good Details

How many 1922 No D Pennies were made?

The 1922 “No D” Lincoln Cent has an estimated mintage of 25,000 pieces; they are very rare with perhaps only 10,000 examples left surviving. But be aware that authentication is needed for these no D 1922 Pennies that don’t have the mint mark. 

There have been a few unscrupulous attempts made over the years to create the rarity, but removing a “D” is detectable by experts. So it’s best to get yours checked and certified authentic by a professional, studies of dies and minting processes have identified features of genuine pieces so you can discount any foul play.

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What year of the Wheat Penny is most valuable?

The wheat penny was made from 1909 to 1958, but there were many changes to the design over these 49 years that makes this penny one of the most desirable for collectors. There are a few great examples of the wheat penny that can get up into the thousands for a good example. 

But the most valuable of the non-error Wheat Pennies is the 1914 D Wheat Penny. You can expect to see an asking price range from $281 to $4,268. That’s quite a big difference and it’s all down to the condition of the coin.

Jackie Palmer is a Houston-based coin journalist and fashion enthusiast. She joined Jewels Advisor’s content team after years of experience as a content strategist, managing blogs and social channels for local stores. Jackie mostly collects and studies US coins produced during the 20th century and over the years, published hundreds of articles for multiple coin publications.