1. Good condition: A 1937 wheat penny in good condition, which means it is worn with visible details but no significant damage, can be worth around $0.10 - $0.25.
2. Very good condition: A 1937 wheat penny in very good condition, where the design elements are clearly visible and there is only light wear, can be worth around $0.25 - $0.50.
3. Fine condition: A 1937 wheat penny in fine condition, showing moderate wear but still good detail, can be worth around $0.50 - $1.
4. Very fine condition: A 1937 wheat penny in very fine condition, with minimal wear and clear design details, can be worth around $1 - $2.
5. Extremely fine condition: A 1937 wheat penny in extremely fine condition, exhibiting very little wear and exceptional sharpness of design, can be worth around $2 - $5 or even higher.
6. Uncirculated condition: A 1937 wheat penny in uncirculated condition, meaning it shows no signs of wear and is in mint state, can be worth significantly more. Uncirculated 1937 wheat pennies can range in value from several dollars to hundreds of dollars, depending on the specific grade assigned by professional coin grading services.
Remember, these are just general value ranges, and the exact value of a specific 1937 wheat penny may vary based on its condition, mint mark (if any), collector demand, and market trends. Consulting with a reputable coin dealer or obtaining a professional coin grading can help determine the accurate value of a particular 1937 wheat penny.