The 1946 penny minted at Philadelphia is worth up to $45.00 in MS-66 Red condition, and slightly about half that in Ms-65 in the same color. These higher end coins, don't make up the majority of sales as most coins being bough and sold are being priced instead around $5.00. The vast majority of circulated 1946 pennies sell in the $3-$7 range. Even in poor condition Wheat Cents can be sold for about 75 cents -CoinTrackers.com