Breaking Down This Rare Proof Wheat Penny
This recently sold 1942 PR65RD CAMEO Lincoln Wheat Cent represents one of the most desirable proof coins of the WWII era. Here’s why collectors paid $783.74 for this seemingly ordinary penny and how to identify similar treasures in your collection.
1. Key Value Drivers
Proof Quality Matters
- CAMEO Contrast: Frosted devices on mirror fields (PCGS designation)
- Red (RD) Color: Full original copper luster (90% of value lost if toned)
- PR65 Grade: Near-perfect with minor hairlines under 5x magnification
Historical Context
- Low Mintage: Only 32,600 proof sets made in 1942
- War-Time Rarity: Last pre-war proof issue before mint suspended production
2. Current Market Value Breakdown
| Grade | Price Range | Population (PCGS) |
|---|---|---|
| PR65RD CAMEO | 700−700−900 | 85 certified |
| PR66RD CAMEO | 1,200−1,200−1,800 | 42 certified |
| PR67RD CAMEO | 3,000−3,000−5,000 | 12 certified |
Note: Non-CAMEO proofs trade at 50-70% discount
3. Authentication Guide
Genuine vs. Altered Coin
- True Proofs Show:
- Mirror fields visible to naked eye
- Square rims (business strikes have rounded rims)
- “S” mintmark (all 1942 proofs are San Francisco)
- Warning Signs:
- Cloudy surfaces (indicates cleaning)
- Orange-peel texture (reprocessed coins)
- Weak strikes (proofs have razor-sharp details)
4. Where to Find Hidden Proofs
Best Hunting Methods
- Original Sets: Look for complete 1942 proof sets
- Estate Sales: Often overlooked in old collections
- Coin Roll Hunting: Extremely rare but possible
Recent Discovery
A collector found a PR64RD in a 1940s album purchased for 50−latersoldfor∗∗50−latersoldfor∗∗425**
5. Selling Strategies
Maximizing Your Return
- eBay Premium: List as “PCGS Certified” (20-30% higher than raw)
- Auction Houses: Worthwhile for PR66+ grades
- Trade Opportunities: Many collectors need this for type sets
Critical Tip
Always disclose:
✔ Exact certification number
✔ Current holder condition
✔ True color (RD/RB/BN)
Free Professional Evaluation
Have a potential proof penny? Email clear photos to:
📧 grading@pennyverse.info
Subject: “1942 PROOF CHECK”
We’ll provide:
✔ Free condition assessment
✔ Current market comps
✔ Optimal selling method
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