A 1944 Wheat Penny can be assessed in terms of condition, mint mark and rarity. Most of the circulated pennies are retailed at a price of 5 to 20 cents since they are in large quantity. However, uncirculated coins of grade; MS-60 to MS-65 can be 5 to 15 dollars. The 1944-S and 1944-D in high condition are the most demanded with a potential price of 40 and more. The Steel Wheat Penny of 1944 is an error that was rare and is worth over 75,000.00 because only a small number were struck on accident on the lefthand 1943 steel planchets. The historical value and variations of the coin are what is important to the collectors.