Price Guide for 1939 Cent Variants

This guide presents price ranges for variants from three sources: eBay sales, third-party auctions, and PCGS guides. Values are shown for various conditions, allowing collectors to compare across different market segments. Price estimates may vary between sources, especially for rarer variants.

1939-D Penny, RD (Regular Strike)
  • 3rd Party Price
    Uncirculated: $7.00 – $11,500.00
  • eBay
    Uncirculated: $4.59 – $500.00
  • PCGS Price Guide
    Uncirculated: $7.00 – $10,500.00
1939-S Penny, RD (Regular Strike)
  • 3rd Party Price
    Uncirculated: $7.00 – $3,966.00
  • eBay
    Circulated: $6.50 – $26.00
    Uncirculated: $1.25 – $829.95
  • PCGS Price Guide
    Uncirculated: $4.00 – $10,000.00
1939 Penny, RD (Regular Strike)
  • 3rd Party Price
    Uncirculated: $6.00 – $9,775.00
  • eBay
    Uncirculated: $2.75 – $971.00
  • PCGS Price Guide
    Uncirculated: $3.00 – $15,500.00
1939-S Penny, RB (Regular Strike)
  • 3rd Party Price
    Uncirculated: $9.00 – $493.50
  • eBay
    Uncirculated: $0.99 – $140.50
  • PCGS Price Guide
    Uncirculated: $3.00 – $200.00
1939-D Penny, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $6.00 – $40.00
  • eBay
    Circulated: $0.99 – $20.99
    Uncirculated: $2.16 – $535.00
1939 Penny, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $8.00 – $64.00
    Uncirculated: $19.00
  • eBay
    Circulated: $0.99 – $137.51
    Uncirculated: $4.25 – $195.00
1939-S Penny, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $8.00 – $27.00
    Uncirculated: $8.00
  • eBay
    Circulated: $0.99 – $24.49
    Uncirculated: $15.50 – $331.11
1939 Penny, BN (Proof)
  • 3rd Party Price
    Circulated: $16.00 – $1,208.00
    Uncirculated: $15.00 – $104.00
  • eBay
    Uncirculated: $39.00 – $250.00
  • PCGS Price Guide
    Uncirculated: $30.00 – $80.00
1939 Penny, RB (Regular Strike)
  • 3rd Party Price
    Uncirculated: $9.00 – $920.00
  • eBay
    Uncirculated: $5.00 – $175.00
1939 Penny DDO FS-101, BN (Regular Strike)
  • 3rd Party Price
    Uncirculated: $84.00 – $216.00
  • eBay
    Circulated: $36.00
    Uncirculated: $174.95
1939 Penny DDO FS-101, RD (Regular Strike)
  • 3rd Party Price
    Uncirculated: $89.00 – $2,350.00
  • eBay
    Uncirculated: $63.01 – $375.00
  • PCGS Price Guide
    Uncirculated: $31.00 – $3,000.00
1939-D Penny, RB (Regular Strike)
  • 3rd Party Price
    Uncirculated: $7.00 – $10.00
  • eBay
    Uncirculated: $4.03 – $104.56
1939 Penny, RB (Proof)
  • 3rd Party Price
    Uncirculated: $25.00 – $1,495.00
  • eBay
    Uncirculated: $29.00 – $207.89
  • PCGS Price Guide
    Uncirculated: $32.00 – $225.00
1939 Penny, RD (Proof)
  • 3rd Party Price
    Circulated: $1,086.88 – $2,200.00
    Uncirculated: $21.00 – $6,900.00
  • eBay
    Circulated: $288.85
    Uncirculated: $5.00 – $1,550.00
  • PCGS Price Guide
    Uncirculated: $45.00 – $6,750.00
1939 Penny, CAM (Proof)
  • 3rd Party Price
    Uncirculated: $299.00 – $4,025.00
  • PCGS Price Guide
    Uncirculated: $750.00 – $2,650.00

Design and Specifications of the 1939 Cent

The 1939 Lincoln Cent was part of the Lincoln Wheat Cent series, which began in 1909 to commemorate the 100th anniversary of Abraham Lincoln’s birth. This coin was minted during a period of economic recovery following the Great Depression, just before the United States’ entry into World War II. The Lincoln Cent design remained largely unchanged since its introduction, symbolizing continuity and stability in American coinage.

Weight 3.11 grams
Diameter 19 mm
Mint Marks No mint mark (Philadelphia), D (Denver), S (San Francisco)
Composition 95% copper, 5% tin and zinc
Obverse Design Portrait of Abraham Lincoln, designed by Victor D. Brenner
Reverse Design Wheat ears design, designed by Victor D. Brenner

Rarity Factors and Value Drivers

The condition of a 1939 Lincoln Cent significantly impacts its value. Coins in uncirculated condition (MS60 or higher) are particularly desirable, with premium prices for those grading MS65 or above. Key factors include:

1. Original mint luster: Coins retaining their original shine are more valuable.
2. Strike quality: Well-struck coins with sharp details command higher prices.
3. Color: Original red color is most desirable, followed by red-brown, then brown.
4. Surface preservation: Absence of contact marks, scratches, or other blemishes increases value.

Even in circulated grades, coins with minimal wear and attractive overall appearance are more valuable than heavily worn or damaged specimens.

Philadelphia, No Mint Mark

Mintage: 316,466,000

Rarity Scale: Common

Circulation Status: Widely Circulated

Preservation Rarity: Uncommon in grades MS65 and above

Varieties Errors: None significant

Market Demand: Moderate, higher for well-preserved specimens

Denver, D

Mintage: 15,160,000

Rarity Scale: Uncommon

Circulation Status: Moderate Circulation

Preservation Rarity: Scarce in grades MS65 and above

Varieties Errors: None significant

Market Demand: High for well-preserved specimens

San Francisco, S

Mintage: 52,400,000

Rarity Scale: Common

Circulation Status: Widely Circulated

Preservation Rarity: Uncommon in grades MS65 and above

Varieties Errors: None significant

Market Demand: Moderate, higher for well-preserved specimens

Additional factors affecting the 1939 Cent’s value include:

1. Mint mark: Denver (D) coins, due to lower mintage, often command a premium.
2. Toning: Natural, attractive toning can enhance value, especially for uncirculated coins.
3. Die state: Late die state coins with interesting die cracks or cuds may appeal to specialists.
4. Provenance: Coins with a notable ownership history can be more valuable.
5. Certification: Coins graded and encapsulated by reputable third-party grading services often sell for higher prices.

While not a key date, high-grade 1939 cents, particularly from Denver, can be quite valuable due to their scarcity in top conditions.

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