What is the value of a 1934 US cent?

Answer 1

1934 is not a rare date for Lincoln cents. Look on the front of the coin to see if there's a small mint mark letter below the date. It may be blank or there may be a D.

Numismedia lists the following approximate retail values as of 05/2010:

No mint mark (Philadelphia):

Very worn condition - $0.12

Moderately worn - $0.26

Slightly worn - $0.40

Almost no wear - $1.60

Uncirculated - $2.88 to $43.75 depending on quality

"D" mint mark (Denver):

Very worn - $0.15

Moderately worn - $0.38

Slightly worn - $0.58

Almost no wear - $7.90

Uncirculated - $11.50 to $137.50

Answer 2

If you have a 1934 penny with an "S" mintmark, it is a counterfeit. There were no cents minted in 1934 at the San Francisco Mint.