How much is a 1848 wheat penny worth?

Answer 1

The wheat penny was not minted until 1909. August 24, 2009 While it is true that the US Mint did not produce a wheat penny until 1909, the coin you have is not a wheat penny. The image on your coin is not Queen Elizabeth, mainly because she was not living in 1848. What you have is a US Large Cent. The reverse side of this coin has a laurel wreath, not wheat, and the image on the obverse side of the coin is Lady Liberty, not Queen Elizabeth. The circulated and uncirculated values for this coin are shown in the following list: Circulated Grades...........1848 G4....................................$20 F12..................................$28 VF30................................$50 EF40................................$66 AU55................................$144 Uncirculated GradesMS60................................$250 MS63.................................$450 MS64.................................$750 MS65.................................$1350