1920 Wheat Penny Value: Price Chart by Grade & Mint

In 1920 the U.S. Mint struck about 405.7 million Lincoln cents for circulation: Philadelphia 310.2 million, Denver 49.3 million, San Francisco 46.2 million. That is 31% fewer than 1919. Among the 117 years from 1909 to 2025, 1920 ranks number 88 by total mintage (1 = most coins made), so it is one of the lower-mintage dates of the series. The scarcest 1920 issue by mintage is San Francisco (46,220,000); the most common is Philadelphia (310,165,000). Within the 1920s, 1920 ranks 1 of 10 years for mintage; the decade's high was 1920 (405.7 million) and its low was 1922 (7.2 million). Mint by mint: Philadelphia fell 21% from 1919; Denver fell 14% from 1919; San Francisco fell 67% from 1919.

The mint mark, if any, sits under the date on the front of the coin. A 1920 cent with no mint mark was struck at Philadelphia and is the normal, common form for that mint. The letters you can find on 1920 circulation cents are D (Denver) and S (San Francisco).

• From 1918 onward the initials V.D.B. sit in tiny letters on the truncation of Lincoln's shoulder on the obverse. They are normal and do not add value; they are simply a way to confirm the coin's era.
• Wheat cents were struck in bronze (3.11 g) except for 1943. Genuine coins show a plain edge and a slightly lighter, more reddish colour than modern zinc cents when uncirculated; a brown, evenly worn coin is the normal state for this era and is not damage.
• Before anything else, confirm the date and mint mark are fully readable and that the surfaces have not been cleaned; the dates and mint marks guide shows what cleaning and machine doubling look like.

PCGS Price Guide values for 1920 cents (updated September 24, 2026, U.S. dollars, for coins certified by PCGS):

• 1920: $1–$8 in circulated grades (G4 to XF40); $100 in MS63 RD and $300 in MS65 RD.
• 1920-D: $1–$22 in circulated grades (G4 to XF40); $325 in MS63 RD and $2,650 in MS65 RD.
• 1920-S: $3–$20 in circulated grades (G4 to XF40); $1,000 in MS63 RD and $20,000 in MS65 RD.

San Francisco is the lowest-mintage 1920 issue (46,220,000 struck), so it is the mint collectors check first. Guide prices assume a certified coin; an uncertified, worn 1920 cent usually sells for less than the lowest figure above, often a few cents in bulk wheat-cent lots. RD means full original red copper, RB red-brown, BN brown; the color grade can multiply the price. How grade and variety turn into a number is explained in what makes a coin valuable.