Want to know how much your 1927 penny is worth?
I found my first 1927 Lincoln cent in pocket change many years ago. Since it was such an old penny, I immediately wanted to know its value, whether it was rare or not — and if it was worth keeping.
Sure enough, I soon discovered that some 1927 wheat pennies are worth several thousand dollars!
Was mine? Nope.
But is yours worth the big bucks?
Maybe. Let’s find out…
There are lots of factors that go into determining the value of 1927 pennies, including:
Today I’m going to tell you how to find the value of your 1927 wheat penny.
All 1927 Penny Values
I know why you’re reading this article — you want to find out how much your 1927 wheat penny is worth! And not just the value for a “perfect” version of the 1927 Lincoln cent, but what YOUR coin is really worth.
I’ve got it!
Here’s a rundown on the different types of 1927 pennies and what they’re worth in varying conditions:
#1) 1927 No Mintmark Penny Value
Pennies that were made at the Philadelphia Mint in 1927 have no mintmark under the date. Not finding a mintmark under the date of 1927 Philadelphia Lincoln cents is normal — because the Philadelphia Mint didn’t place “P” mintmarks on any of its coin in 1927.
1927 wheat pennies are pretty common, as 144,440,000 were minted. Even though you may not find old pennies from 1927 in your pocket change very often, plenty of them have been saved by coin collectors — so they generally aren’t rare coins.
However, even the most well-worn examples of the no mintmark 1927 wheat penny are worth more than face value:
- In heavily worn condition, they’re worth about 15 to 25 cents.
- Nicer examples with only a little wear are worth $1 to $2.
- If you find an uncirculated 1927 Lincoln cent in an old collection or estate, the value is $10 to $20 or more.
#2) 1927-D Penny Value
The Denver Mint struck 27,170,000 pennies in 1927 — each with the “D” mintmark indicating their origin at mint in the Mile-High City.
While the mintage of 1927-D Lincoln pennies is significantly lower than the total production of Philly-minted 1927 pennies, a 1927-D penny isn’t all that scarce and isn’t incredibly valuable in the lower, more common grades:
- A heavily worn 1927-D penny is worth between $1 and $3.
- A lightly worn example is worth $5 to $15 — with the higher value for those showing only a whiff of wear on high points, such as Lincoln’s cheek and beard.
- An uncirculated specimen is worth $50 to $75… and up.
#3) 1927-S Penny Value
The 1927-S penny is the scarcest of the 3 different penny issues the United States Mint struck that year. (The “S” indicates that it was made at the San Francisco Mint.)
Only 14,276,000 were struck — though it’s not necessarily considered a scarce date.
High-end specimens are significantly scarcer than the more common lower-end specimens of the 1927-S penny:
- A heavily worn 1927-S penny is worth $1.25 to $4.
- A specimen with only minor touches of wear is worth between $15 and $30.
- An uncirculated 1927-S penny is worth $80 or more.
What Is The Most Valuable 1927 Penny?
Would you believe at least one 1927 wheat penny took more than $10,000 in an auction transaction?
Yep!
It was a 1927-S penny slabbed by the Professional Coin Grading Service (PCGS) as an MS-65 “Red” specimen awarded a seal of approval by the Certified Acceptance Corporation (CAC).
It sold for $10,200 in a 2018 auction.
IMPORTANT: What Is The Grade Of Your 1927 Penny?
To determine the true value of your 1927 wheat penny, you first need to know what condition (or grade) your coin is in.
