Note: These items are on a slight delay. We expect to ship these by 1/27/2017. Because these items are on delay, your entire order will ship upon their arrival.
We obtain these $50 face value bags from multiple vendors and ship them out as is. There are no guarantees on what you will find, so this is a great product for an undiscerning customer looking for a selection of wheat cents.
- Coins are mainly 95% Copper & 5% tin and zinc.
- 1943 zinc-coated steel cents may be included.
- Coins come packaged in a heavy duty canvas bag.
- Each $50 bag of early Lincoln Cents contains 5,000 coins.
- These average circulated coins are dated 1909-1958.
Who knows what you will find in these bags! Add several of these 5,000-Count Wheat Cent Bags to your cart today!
Dates and compositions you receive may or may not vary, determined by stock on hand.
The history of the Wheat Back Penny
Wheat Pennies get their name from the pattern of durum wheat surrounding the edges of the reverse. Wheat Penny bags feature U.S. Mint coins that were used for decades, some with designer Victor David Brenner’s initials on the lower edge of the reverse and some without. Commissioned by President Theodore Roosevelt, the Wheat Penny went through several renditions as Roosevelt and Brenner went back and forth on details such as where Brenner’s name should be placed and whether the word “United” should be included. In the end, these Wheat Pennies were struck in Philadelphia and San Francisco in 1909 and expanded to additional mints throughout their series, which concluded in 1958.
Why invest in Wheat Pennies?
The Wheat Back Penny features an assortment of unique variations that set the coins apart from one another, making the coins an exciting addition to your collection. For example, Wheat Pennies from the Philadelphia Mint feature no mintmark, while those cent coins struck at the San Francisco Mint bear the "S" mark under the date. Some of the most rare Wheat Pennies, with only 484,000 released into circulation, bear designer Victor David Brenner’s initials, making these select coins even more valuable to numismatic collectors. Buying Wheat Cent bags allows collectors to search the 5,000 included Wheat Pennies for their favorite, although there is never a guarantee on what you will find.
Dive in to the popularity of the Wheat Back Penny.
While the Wheat Penny originally was minted in 1909, it did not gain popularity until 1917, when a luxury tax was introduced and cents were needed to distribute change after a transaction. Prior to this, the Indian Head Cent design was more popular than Wheat Pennies. In 1922, Wheat Pennies saw a lower demand as the Great Depression hit and production of all coinage decreased. During World War II, the Copper price per ounce skyrocketed and the coin, which had increased in demand after the Great Depression, transitioned to a Zinc-coated steel composition, known as the steel cent, which proved unpopular in the public. The next Wheat Pennies were made of a 95% Copper and 5% Zinc composition until the Wheat Cent was retired in 1958.
The Wheat Back Penny design changed with the times.
The Wheat Back Penny underwent multiple changes and has more distinguishing marks than many other U.S. Mint coins despite having only a 50-year minting span. The actual design of the Wheat Pennies changed in 1916, removing the wrinkles on President Lincoln’s cheeks to help extend the die life of the coin. The composition of rare Wheat Pennies also changed, from Copper and Tin, to Zinc and Iron and then to Copper and Zinc. Interestingly, while the high Copper price per ounce influenced the decision to change the coin’s composition, the treasury did not consider the corrosion level of the metal, which influenced the last composition change of the coin after the public complained about spots on the coins.