To the casual observer, a 1936 Lincoln Wheat Penny might look like any other old coin. But for collectors and numismatists, this humble piece of copper can be a hidden gem worth thousands of dollars—if it has the right features. With specific errors and rare mint varieties in circulation, the 1936 penny is gaining popularity among coin enthusiasts and could be the surprise fortune waiting in your change jar.
The 1936 Lincoln Wheat Penny
The 1936 penny features President Abraham Lincoln on the obverse and two wheat stalks on the reverse—classic design elements of the Wheat Penny series (1909–1958). This coin was minted in Philadelphia (no mint mark), Denver (D), and San Francisco (S). While most 1936 pennies are only worth a few cents in average condition, certain error versions can be worth up to $5,000 or more.
The 1936 Double Die Obverse (DDO)
One of the most famous and valuable versions of the 1936 penny is the Double Die Obverse variety. This error occurs when the coin’s design is accidentally stamped twice in slightly different positions, causing visible doubling of the date, motto, and Liberty. The doubling is clearest in the inscriptions “IN GOD WE TRUST” and “LIBERTY.” Well-preserved examples of this rare error can sell for $1,000 to $5,000, depending on condition and market demand.
Mint Mark Varieties: 1936-D and 1936-S
While the Philadelphia mint produced the most 1936 pennies, the Denver and San Francisco mint versions (1936-D and 1936-S) are also collectible—especially in uncirculated or proof-like condition. A mint-state 1936-S penny can sell for hundreds of dollars, and specific die errors from these mints may increase value even further.
What Makes It Valuable?
The combination of rarity, condition, and error types is what drives the value of the 1936 penny. Coins with visible double dies, minimal wear, and strong strike features are the most desirable. If you find a 1936 penny with crisp details and any unusual lettering or doubling, it’s worth getting it appraised by a professional.
Don’t Dismiss That 1936 Penny
That old 1936 penny sitting in your drawer or passed down from a relative might be worth more than just sentimental value. With the right error or in excellent condition, it could fetch thousands from eager collectors. Whether you’re a seasoned numismatist or someone discovering the hobby, it’s time to give that 1936 penny a second look—you might just strike gold.
FAQ’s:
1. What is the most valuable version of the 1936 penny?
The 1936 Double Die Obverse is the most valuable, with some examples selling for thousands of dollars depending on condition.
2. How do I check if my 1936 penny is a double die?
Look for doubling in the words “LIBERTY,” “IN GOD WE TRUST,” and the date. A magnifying glass or jeweler’s loupe helps spot the details.
3. Are 1936-D and 1936-S pennies valuable?
Yes, especially in uncirculated condition. Some rare die varieties from these mints also have increased value.
4. Should I clean my 1936 penny before selling it?
No. Cleaning a coin can damage its surface and reduce its value. Leave it in its original condition.
5. Where can I have my 1936 penny appraised?
You can contact certified coin grading services like PCGS or NGC, or visit a reputable local coin dealer for a professional evaluation.