Agree with Coinfrog - in better condition, there is a premium for old wheat cents, but in this worn condition and with some of the spotting issues, it's only worth a few cents. I'd still keep it, however, as I keep all wheat cents I find.
To answer your question directly, yes there is certainly a premium for this coin above face value. As has been stated, it is worth a few cents, perhaps 10.
Thanks. This is the lowest penny I found besides my 1930. Its a nice collectable 4 me being I may never find a antique coin like this ever again. Lol. Got lucky. Ill keep 4 good keeping. &
Forgive me for my ignorance, but I am new to collecting. Is there a safe way to clean the white stuff off that coin that won't harm the value if it was in better shape?
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