There are two types of 1916 pennies: the wheat penny and the Lincoln penny. The wheat penny was designed by Victor D. Brenner and features a profile of Abraham Lincoln on the obverse and two stalks of wheat on the reverse. The Lincoln penny was designed by James Earle Fraser and features a profile of Abraham Lincoln on the obverse and the Lincoln Memorial on the reverse.
The 1916 wheat penny is slightly more common than the 1916 Lincoln penny. However, both types of pennies can be found in circulation today.
If you have a 1916 penny, you can check its value by looking at its condition and rarity. You can also check the value of your penny by using a coin price guide or by consulting a coin dealer.