How Much Is A 1949 Penny Worth?

Last Updated on August 4, 2022

The 1949 penny is one of the first pennies that include a President in the portrait. That is one of the reasons why it is such a fantastic coin for you to collect. It is also known as the wheat penny and it includes 95% copper and 5% zinc and tin. 

If you want to collect this coin, you are in the right place. Here is what you must know about its value. 

1949 Various Mint Marks Lincoln Wheat Cent P D S Extremely Fine

How Much Is A 1949 Penny Worth?

The value of the 1949 penny without a mintmark will depend on the condition. In fine condition, this penny will be worth at least $0.10. If the condition is good, then this penny will be worth $0.04.

However, the worth of this penny will be different in uncirculated conditions. For example, the MS63 grade in uncirculated condition will be worth around three dollars. If you have the MS65 grade in uncirculated conditions, then the value can go up to $4. 

These pennies are not too valuable, but they are a great addition to any collection. As a collector, you need to add these pennies to your collection as you will easily find them. 

How Much Is A 1949S Penny Worth?

1949 S Lincoln Wheat Penny Good

The S mintmark means that the penny was minted in the San Francisco facility. Even these pennies don’t have an incredibly high value because lots of them were minted. In good condition, the coin will be worth $0.40. 

If you find this coin in fine condition, it will be worth $0.10. In extremely fine condition, the coin will be worth $0.20. However, if the penny is in uncirculated condition, then it will be worth around $0.35. 

How Much Is A 1949D Penny Worth?

1949 D Lincoln Wheat Penny Good

The D mintmark means that the penny was minted in the Denver facility. Even these pennies are not that valuable because the mintage levels were high. In good condition, the coin will be worth $0.04. 

If you find this coin in fine condition, it will be worth $0.10. In extremely fine condition, the coin will be worth $0.20. However, if the penny is in uncirculated condition, then it will be worth around $0.35. 

What Are The Obverse Features Of The 1949 Penny?

It is crucial to know the features of the penny to check whether it is legitimate or not. The obverse side of the 1949 penny will have a portrait of Abraham Lincoln and the key features will be sharp. The letting is also crisp and thin and the dates are in a serif pattern with bold text. 

Finally, the President is facing towards the right side with his signature bowtie. At the top of the coin, it says “In God We Trust.” Besides that, the word “Liberty” is there on the left side near the rim of the coin while the right side has the minting year of 1949. 

What Are The Reverse Features Of The 1949 Penny?

The reverse side of the 1949 penny has a bald eagle with wings that spread wide to reveal the detailed feathers of the eagle. The head is turned towards the left and the beak has an olive branch. You will also find the phrases “E Pluribus Unum” and “United States of America” on the left side of the eagle. 

Besides that, the word “One Cent” is below the wings of the eagle, and the word “Liberty” is located on the top rim. The legend lettering is thick and the dates are thin at the center. However, the letters get a little bolder as they go towards the borders of the coin. 

Are There Any 1949 Rare Pennies With Errors?

Rare and error coins will always have the highest value. However, that value will also depend on the condition of the coin. Yes, there are 1949 pennies with errors that you might be able to find if you look for them. 

For example, one of the top errors is the repunched mintmark. This penny includes a subtle indent where the S has been stamped into the die. On the other hand, there is also an enlarged mintmark error.

Such a coin has an oversized S mintmark on the coin, which means that the die might have been struck twice on it. The final error is the double die error that you will find on the 1949 penny. 

Such an error has a doubling on the reverse or obverse side of the coin. You will have to check this for yourself once you have the coin.