The 1948 wheat pennies have value as numismatic coins. Keep reading to learn more about these one cent coins.
Specifications
Type: Wheat Penny
Year: 1948
Face Value: $0.01
Composition: 95% copper, 5% tin and zinc
Total Weight: 3.11 grams
The US minted the 1948 wheat penny with no mint mark and also the 1948 D wheat penny and 1948 S wheat penny. The mint mark, when present, can be found on the obverse side of the coin below the date.
| Series | Location | Quantity Minted |
|---|---|---|
| 1948 | Philadelphia | 317,570,000 |
| 1948 D | Denver | 172,637,500 |
| 1948 S | San Francisco | 81,735,000 |
Value
The 1948 wheat penny with no mint mark is worth around $0.10 in very fine condition. In extremely fine condition the value is around $0.20. In uncirculated condition the price is around $0.85 for coins with an MS-63RB grade. Uncirculated coins with a grade of MS-65RB can sell for around $2.
The 1948 D wheat penny is worth around $0.10 in very fine condition. In extremely fine condition the value is around $0.20. In uncirculated condition the price is around $0.60 for coins with an MS-63RB grade. Uncirculated coins with a grade of MS-65RB can sell for around $2.
The 1948 S wheat penny is worth around $0.20 in very fine condition. In extremely fine condition the value is around $0.30. In uncirculated condition the price is around $1 for coins with an MS-63RB grade. Uncirculated coins with a grade of MS-65RB can sell for around $3.
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Grading System
Very fine- Lincoln's jawbone and cheekbone are worn but still separated. The wheat heads are not worn.
Extremely fine- There is only slight wear on the coin. All of the details are sharp.
MS-63RB choice uncirculated- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent. The color is red-brown.
MS-65RB gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable. The color is red-brown.
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