Many people dream of finding treasure, but few know that a simple coin in their pocket could be worth millions. One such coin is the Lincoln Wheat Penny, which some experts say could be valued at up to $5,000,000 today. Even more exciting, a few of these rare pennies are still out there, mixed with everyday coins. Let’s dive into the story of this amazing penny and why it could make you rich.
What is the Lincoln Wheat Penny?
The Lincoln Wheat Penny was first made in 1909 to celebrate 100 years since Abraham Lincoln’s birth. Designed by Victor David Brenner, this coin features Lincoln’s portrait on one side and two wheat stalks on the other. It was the first U.S. coin to show a real person’s face, making it very special.
The design stayed the same until 1958, after which the back was changed to show the Lincoln Memorial. Because of its unique design and history, the Wheat Penny holds a special place in the hearts of collectors all over the world.
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Why is One Lincoln Wheat Penny Worth $5,000,000?
While most Lincoln Wheat Pennies are only worth a few cents to a few dollars, there are some rare versions that are extremely valuable. One of the most famous is the 1943 copper Lincoln Wheat Penny. During World War II, pennies were supposed to be made from steel to save copper for the war. However, a few pennies were accidentally made using leftover copper from 1942.
Because of this mistake, these 1943 copper pennies are incredibly rare. Experts believe that only about 20 of them exist today. One of these rare coins was sold for nearly $1.7 million in the past, and today, experts estimate that a perfect-condition one could fetch as much as $5,000,000 at an auction.
How Can You Find a Rare Lincoln Wheat Penny?
The best part is that you don’t need to be a professional coin collector to find one. Many people still find Wheat Pennies in their loose change, old piggy banks, or coin collections passed down from family members.
To spot a rare 1943 copper penny, check the year first. It should say 1943, and a magnet test can help too. If the penny sticks to a magnet, it’s made of steel and not rare. If it doesn’t stick, there’s a chance it could be the valuable copper version. However, to confirm, it’s best to have it checked by a coin expert.
Other Rare Lincoln Wheat Pennies
Besides the 1943 copper penny, other valuable Wheat Pennies include the 1909-S VDB and the 1914-D. The 1909-S VDB is rare because it was made in small numbers at the San Francisco Mint and has the initials “VDB” of the designer. The 1914-D is rare because not many were made, and even fewer have survived in good condition.
Even if you don’t find a $5,000,000 penny, you might still find a coin worth hundreds or thousands of dollars.
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How to Know your Rare Coins & Wheat Pennies Value: Simplest Guide Ever
The Lincoln Wheat Penny is not just a piece of old money; it’s a piece of American history that could change your life. Whether it’s the extremely rare 1943 copper penny or another valuable version, these coins remind us that treasures can still be found in the most unexpected places. If you have an old jar of coins lying around, it might be worth taking a closer look. You never know—you might be holding a fortune in your hand without even realizing it.
FAQs
What year is the Lincoln Wheat Penny worth $5 million?
The 1943 Lincoln Wheat Penny made of copper is the one that can be worth up to $5 million today.
How can I check if I have a rare Lincoln Wheat Penny?
Check the year first. If it says 1943 and doesn’t stick to a magnet, you might have a rare copper penny. It’s best to get it checked by a professional coin dealer to be sure.
Are there other valuable Wheat Pennies?
Yes, coins like the 1909-S VDB and 1914-D Wheat Pennies are also highly valuable to collectors.
Where can I sell a rare Lincoln Wheat Penny?
You can sell it at auctions, to trusted coin dealers, or through rare coin marketplaces after getting it authenticated.
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