The value of a 1964 wheat penny depends on its condition and variety. In general, a 1964 wheat penny in good condition is worth between $0.05 and $0.10. However, a 1964 wheat penny in mint condition can be worth up to $1.50. There are also some rare varieties of the 1964 wheat penny that can be worth even more. For example, the 1964-D wheat penny with a doubled die obverse error can be worth up to $100.