Do you have a wheat cent and want to find out its value? Leave a comment and I will do my best to find out the price and history for you.
One of the most collectible coins out their is the "wheat cent", called this because the back contains two stalks of wheat. First minted in 1909 and and last minted in 1958 for and by the United States of America. Like most coins, even in it's most worn down, state it will retain face value. The least one of these coins* can be worth is 1 cent. The most a low grade circulating wheat cent can be worth is about $460 - $550 (US dollars). High grade or near perfect wheat cents can go for $20,000 or more.
The front features are just about identical to todays modern pennies. The grading of these coins depend on how clear all the original features are and how unblemished it appears, just like choosing a cover girl, with one exception. The coin can not ever be polished or altered or it may revert to it's original face value.
The oldest penny I ever found out-of-pocket was from 1913 and had a red book** of about $0.85, the rarest, in terms of amount minted, I found was 1936S valued at $0.15 and the most valuable penny I got out-of-pocket was a 1916 cent in very fine condition, value: $2.00.
Prices of coins jump around wildly so don't hold these values for long time speculating.
* coins maybe worth less than face value if altered,damaged or the government behind it no longer recognize that currency
** red books give the average retail value you would pay for a coin from a group of associated retailers and blue books contain the price you would expect to sell the coin for, divide the red book price by ten and that is the average selling price.
EX. 1936S cent: red book you buy at $0.15= blue book you sell at $0.02