The Lincoln Wheat Penny isn’t just an old copper coin—it’s a hidden treasure from American history! First minted in 1909 to honor Abraham Lincoln’s 100th birthday, this coin was part of everyday life for decades. But did you know that some rare variations of the Wheat Penny are worth huge amounts of money? One rare penny even sold for an astonishing $990,000!
In this article, we’ll explore the fascinating history of the Lincoln Wheat Penny, the rarest versions, and how you might still find one in everyday circulation.
Quick Facts About the Lincoln Wheat Penny
| Feature | Details |
| Coin Name | Lincoln Wheat Penny |
| First Minted | 1909 |
| Minting Period | 1909 – 1958 |
| Most Valuable Variant | 1943 Copper Penny |
| Highest Auction Price | $990,000 (Sold in 2019) |
| Reason for Rarity | Minting error using copper instead of steel |
| Estimated Number in Existence | Only a few dozen |
| Why It’s Still in Circulation | Many people don’t realize their true value |
The History of the Lincoln Wheat Penny
The Lincoln Wheat Penny holds a special place in U.S. coin history. Designed by Victor David Brenner, it was the first American coin to feature a president’s portrait. The front shows Abraham Lincoln, while the back displays two wheat stalks, symbolizing prosperity.
This coin was minted from 1909 to 1958, when it was replaced by the Lincoln Memorial penny. Even after its production stopped, millions of Wheat Pennies remained in circulation. Some rare variations became highly valuable, making them sought-after collectibles today.
Why Some Lincoln Wheat Pennies Are Worth Thousands
While most Wheat Pennies are worth only a few cents, some rare versions can be extremely valuable. Here’s what makes them special:
- Minting Errors – Mistakes like misprints, double dies, and wrong metal compositions increase a coin’s value.
- Rarity – Some versions, like the 1943 Copper Penny, exist in only a few dozen copies.
- Condition – Coins in mint or near-mint condition are worth more than worn ones.
- Historical Significance – Coins with a unique backstory, like wartime pennies, are highly desirable.
The 1943 Copper Penny: A $990K Coin
One of the rarest and most valuable coins is the 1943 Copper Penny. During World War II, the U.S. Mint switched to steel pennies to save copper for war supplies. However, a few copper blanks from 1942 were accidentally used, creating the rare 1943 Copper Penny.
Only a few dozen of these pennies exist today. In 2019, one sold for $990,000, making it one of the most valuable U.S. coins ever!
Collectors love this penny not only for its rarity but also for its historical significance. There’s still a chance you could find one in circulation today!
Why the Lincoln Wheat Penny Still Circulates
You might wonder how such valuable pennies still show up in circulation. The answer is simple: most people don’t realize their worth!
Between 1909 and 1958, billions of Wheat Pennies were made. Most are common and worth only face value. But rare versions, like the 1943 Copper Penny, look almost identical to regular pennies, making them easy to overlook.
Some collectors even search through penny rolls from banks, hoping to find one of these hidden gems!
Other Valuable Lincoln Wheat Pennies
While the 1943 Copper Penny is the most famous, other Lincoln Wheat Pennies are also worth big money. Here are two examples:
| Coin | Why It’s Valuable | Estimated Value |
| 1909-S VDB Penny | Features designer’s initials “VDB” | Up to $2,000+ |
| 1955 Doubled Die Penny | Printing error creates doubled text | $1,500 – $10,000+ |
Tips for Identifying Valuable Lincoln Wheat Pennies
Think you might have a valuable Wheat Penny? Here’s how to check:
- Look at the Date – Rare dates include 1909-S, 1914-D, 1922 (no mint mark), 1943 (copper), and 1955 (doubled die).
- Check the Condition – Coins in mint or near-mint condition are worth more.
- Look for Mint Marks – Coins with “S” (San Francisco) or “D” (Denver) marks are often rarer.
- Try a Magnet Test – A 1943 Copper Penny will NOT stick to a magnet, while steel ones will.
FAQs
How can I tell if I have a 1943 Copper Penny?
Check the date and test it with a magnet. If it doesn’t stick, it could be real!
Are all Wheat Pennies valuable?
No, most are worth only a few cents. Only certain rare dates and error coins are valuable.
Where can I sell a rare Lincoln Wheat Penny?
You can sell rare pennies at coin dealers, auctions, or online marketplaces like eBay.
What is the most expensive Lincoln Wheat Penny ever sold?
A 1943 Copper Penny sold for $990,000 in 2019.
Can I still find valuable Wheat Pennies in circulation?
Yes! Some rare pennies still exist in piggy banks, pocket change, and bank rolls.