Hello, I'm an expert in numismatics, which is the study and collection of coins. When it comes to the value of a 1937 penny, there are several factors that can influence its worth.

Firstly, the mint mark is a crucial factor. The mint mark indicates where the coin was produced. In 1937, pennies were minted in three different U.S. Mint locations: Philadelphia (no mint mark), Denver (D), and San Francisco (S). The San Francisco minted pennies are generally more valuable due to lower mintage numbers.

Secondly, the condition of the coin is another significant factor. A coin in uncirculated condition, meaning it has not been in circulation and shows no signs of wear, will be worth more than a coin that is worn or damaged.

Thirdly, the composition of the penny can also affect its value. Most pennies from 1909 onward are made of copper (95%) and zinc (5%), but during World War II, due to a copper shortage, some pennies were made from a steel core with a thin copper plating. These steel pennies are rarer and can be more valuable.

Lastly, special editions or errors can also increase the value of a coin. For example, if a 1937 penny has a double die or some other minting error, it could be worth significantly more.

To determine the exact value of your 1937 penny, it would be best to have it appraised by a professional coin dealer or numismatist. They can take into account all the factors mentioned above and provide you with an accurate valuation.

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CoinTrackers.com has estimated the 1937 Wheat Penny value at an average of 35 cents, one in certified mint state (MS+) could be worth $7. (see details)...read more >>