How to Sell Your 1919 Wheat Penny: A Comprehensive Guide for Collectors in Crossville, Tennessee

Have you ever come across an old penny that seems far beyond its true age? If you possess a 100-year-old 1919 wheat penny, you might wonder where to take it for sale. In this guide, we will explore the value of the 1919 wheat penny and provide steps to help you sell it, whether you reside in Crossville, Tennessee, or another location.

Understanding the Value of Your 1919 Wheat Penny

When evaluating the value of a 1919 wheat penny, it's important to consider its condition, mint mark, and any errors or unique features. Based on the information provided, your penny might have the following characteristics:

No mint mark (Philadelphia mint) Covered with wear, no letter under the 1919 place behind Lincoln’s head

Due to these factors, the value of your 1919 wheat penny is likely to be quite low. In good condition (G or Good), the non-minted coin is worth approximately 0.20 to 0.40 cents in Extremely Fine (EF) condition. If you have an SD (San Francisco) mint mark, the value is slightly higher at 0.50 to 3.25 cents in EF condition.

Where to Sell Your 1919 Wheat Penny

The best places to sell a 1919 wheat penny include reputable coin dealers, coin auctions, and online marketplaces. However, as mentioned in the initial responses, the value of a heavily worn coin is generally low.

If you cannot find a professional or a significant value, you may consider a few alternatives:

Contact a Reputable Dealer

For a more accurate appraisal, contact a reputable coin dealer. While some online dealers might offer around 10 cents for an EF Denver coin, a reputable dealer would likely offer less due to the coin's condition.

Sell on eBay

Ebay is an excellent platform to sell your 1919 wheat penny, especially if it is in better condition. List the coin with a reserve price to ensure you receive at least your expected value.

Take It to an Auction House

For collectors with exceptional or rare coins, auction houses like Sotheby's or Christie's specialize in selling rare coins and can offer valuable insights. Experts at these auction houses can provide an accurate valuation and may accept a reserve price bid.

Tips for Selling Your 1919 Wheat Penny

Here are some tips to maximize the value of your 1919 wheat penny:

Avoid Cleaning the Coin

Do not attempt to clean your 1919 wheat penny. Patina and wear add value to old coins, and cleaning can significantly reduce its worth. If you must display it, use the appropriate protective measures to preserve it.

Set a Reserve Price

When selling on eBay or at an auction, set a reserve price. This means you will only accept higher bids that meet or exceed your desired selling price. This can help you avoid accepting lower offers and potentially end up with less than the coin is worth.

Store the Coin Safely

Important: Keep the coin in a safe deposit box or a secure location. Avoid exposing it to harsh environments or potential damage before selling.

Conclusion

The 1919 wheat penny, while a fascinating piece of history, may not have a high value due to its age and condition. However, by following the steps and tips outlined in this guide, you can maximize the potential value of your coin and find the best place to sell it. Remember, the key is to avoid damaging the coin and setting a realistic reserve price.

Good luck with your sale!