1920 Lincoln (Wheat) Penny Value | JM Bullion™

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1920 Lincoln (Wheat) Penny

The Lincoln penny is an iconic patch of US currency, and the version from 1920 is particularly desirable for collectors. At first glance, you might mistake the 1920 Lincoln for a modern day coin, but upon closer inspection you will see there are elusive differences. It is these subtle differences and the historic period that makes the 1920 Lincoln penny a must-have for any collector .
The mint ’ mho obverse side is a bunch like the modern penny in that it is dominated in the plaza by Abraham Lincoln ’ mho profile. There are raised inscriptions on either side of the early President. On his entrust, you will notice the password “ Liberty, ” while the 1920 year of mint is off to his right. Arching across the top outer edge of the mint are the words “ In God We Trust. ”
The reverse side of the coin does not have an image in the center, but preferably two phrases. First, is the “ One Cent ” face measure which is followed by an inscription learn “ United States of America. ” Overtop, you will see the Latin phrase “ E Pluribus Unum. ” On both the proper and left outer edges of the revoke are two single stalks of wheat. This is why this penny is sometimes referred to as the “ Wheat Penny. ”

Grading the 1920 Lincoln Penny

For collectors, having a 1920 Lincoln penny is not enough ; they need to have the coins that are the most well-preserved. Determining the precise discipline of a coin is something achieved through grade. basically, grading involves an expert close examining the mint and ultimately giving it an official grade, which is nothing more than a one-word explanation of its condition. Below will be a description of the different mint grades equally well as what they mean.

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Reading: 1920 Lincoln (Wheat) Penny Value | JM Bullion

Uncirculated: A coin that receives an Uncirculated grade is one that has never spent any fourth dimension exchanging hands. As a solution of this, the enhance aspects of the coin will be perfectly preserved and look a lot like it did the day it was created. Though the coin ’ s color might be a moment evanesce due to age, the mint is in arrant condition other than that .
Extremely Fine: A coin worthy of an Extremely Fine grade is one that might have spent a spot of time in circulation, but will show about no signs of damage. Under extremely close inspection the mint might show a little strike, but when viewed with the naked center these pieces will appear to be in dear perfect condition .
Fine: A 1920 Lincoln penny that is given a Fine grad was probable circulated for a good total of time, but is still properly preserved. You will notice some smooth of the lift aspects of the out edges, however all of the main imagination and letter will still be obviously visible .
Good: A good grade is indicative of a coin that has been heavily circulated and shows signs of that circulation. Having exchanged hands over multiple decades, there will be enough of visible signs of damage. In fact, some of the inscription and some of the fine details might be worn away wholly.

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Pricing the 1920 Lincoln Penny

When it comes to the respect of a 1920 Lincoln penny, this is decided by both the type and grade of the coin. Being that most years saw 3 types of pennies minted, there will be batch of unlike values given to pennies of the lapp grade. Below is a chart that will help you understand the prize of a 1920 Lincoln penny given its character and grade .

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Lincoln Pennies

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DATE GOOD FINE EXTREMELY FINE UNCIRCULATED
1920 Lincoln Penny $0.20 $0.35 $2.25 $4
1920 Lincoln Penny (D) $1 $3 $19 $40
1920 Lincoln Penny (S) $0.50 $1.50 $10 $35
Source: Red Book

All Market Updates are provided as a third base party psychoanalysis and do not necessarily reflect the explicit views of JM Bullion Inc. and should not be construed as fiscal advice .

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