1940 Lincoln Wheat Penny — Coin Value
Lincoln Wheat PennyWhat the 1940 Lincoln Wheat Penny is worth — ungraded vs graded (MS62 / MS66).
1940 Lincoln Wheat Penny value — Ungraded $5 · MS62 $11 · MS66 $33. Prices updated August 2026.
Real sold prices per grade — the MS66 premium on this card is 6.6× raw.
Live on eBay right now
Which version do you have?
If your goal is simply to own a 1940 Lincoln Wheat Penny, the Standard version at $5 is the cheapest route. The PROOF version, priced at $73, offers a significant upgrade in presentation and collectible appeal, typically featuring superior mint quality and specialized packaging. Casual collectors should stick to the Standard, while those seeking a high-grade display piece should invest in the PROOF.
▍
Price data verified against · 1
Item details
- Series
- Lincoln Wheat Penny
- Year
- 1940
1940 Lincoln Wheat Penny value
A raw (ungraded) 1940 Lincoln Wheat Penny runs around $5, a certified MS62 about $11, and a high-grade MS66 commands $33.
What drives the price
Grade, mint mark, strike quality, and key dates drive coin value. Certified (slabbed) coins carry a premium over raw; low-mintage years and full-strike examples appreciate the most.
Price guide
What this actually trades for — sold values by condition vs. what sellers are asking today
| Condition | Value | Based on |
|---|---|---|
| Ungraded | $5 | eBay sold comps |
| MS62 | $11 | eBay sold comps |
| MS66 | $33 | eBay sold comps |
Frequently asked questions
- What is the starting price for an ungraded 1940 Lincoln Wheat Penny?
- Ungraded 1940 Lincoln Wheat Pennies are available starting at $4.
- How much more valuable is an MS66 grade compared to an ungraded one?
- An MS66 graded example of the 1940 Lincoln Wheat Penny sells for $36, compared to the ungraded starting price of $4.
- What series does this 1940 coin belong to?
- This coin is part of the Lincoln Wheat Penny series.