1940 [PROOF] Lincoln Wheat Penny — Coin Value
Lincoln Wheat PennyWhat the 1940 [PROOF] Lincoln Wheat Penny is worth — ungraded vs graded (MS62 / MS66).
1940 [PROOF] Lincoln Wheat Penny value — Ungraded $62 · MS62 $323. Prices updated August 2026.
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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.
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Item details
- Series
- Lincoln Wheat Penny
- Year
- 1940
1940 [PROOF] Lincoln Wheat Penny value
A raw (ungraded) 1940 [PROOF] Lincoln Wheat Penny runs around $62, a certified MS62 about $323, and a high-grade MS66 commands null.
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 | $62 | eBay sold comps |
| MS62 | $323 | eBay sold comps |
Frequently asked questions
- What is the estimated value of an ungraded 1940 Lincoln Wheat Penny?
- An ungraded 1940 Lincoln Wheat Penny is valued at approximately $80.
- How much more valuable is an MS62 grade compared to ungraded?
- An MS62 graded version of the 1940 Lincoln Wheat Penny can be valued up to $332.
- What is the series for this specific coin?
- This coin belongs to the Lincoln Wheat Penny series and is from the year 1940.