The Lincoln Wheat Penny Valued at $4.4 Million, Still in Circulation

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The Lincoln Wheat Penny Valued at $4.4 Million, Still in Circulation

A penny usually isn’t something we think twice about. But what if that tiny coin in your wallet could be worth more than ₹36 crore? That’s the case with one incredibly rare Lincoln Wheat Penny, now valued at $4.4 million. What’s even more surprising? Experts believe it might still be in circulation, hiding in someone’s pocket change, jar, or old drawer.

What Is the Lincoln Wheat Penny?

The Lincoln Wheat Penny, also called the Wheat Cent, was minted in the U.S. from 1909 to 1958. It was the first American coin to feature a real person—President Abraham Lincoln. The back of the coin had two wheat stalks, which gave it its nickname.

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Top 22+ Most Valuable Coins Sold in 2024: You must Know

Although most of these pennies are still common, one particular version from the year 1943 is extremely rare and now worth millions.

Complete List of Top-Selling Coins in 2024 Year

The full list of 2024’s highest-priced coins shows how often PCGS comes up. Here are a few more highlights:

RankCoin DescriptionGradePrice (USD)Auction MonthAuction House
1Undated (1652) NE ThreepencePCGS XF45$2,520,000November 2024Stack’s Bowers
21870-CC Liberty Head Double EaglePCGS AU55$1,440,000November 2024Stack’s Bowers
T-31850 Baldwin & Co. $10PCGS MS63+$1,260,000November 2024Stack’s Bowers
T-31855 $50 Kellogg & Co. Fifty DollarPCGS PR64CAM$1,260,000January 2024Heritage
51860 $5 Large Planchet Half EaglePCGS PR64+DCAM$1,140,000January 2024Heritage
61825/4/1 Capped Head Left Half EaglePCGS PR62$1,080,000August 2024Stack’s Bowers
71851 $5 Schultz & Co. Five DollarPCGS MS62$1,020,000January 2024Heritage
81868 $10 Liberty Head EaglePCGS PR66CAM$930,000January 2024Heritage
91779 (1789) John Stewart at Stony Point MedalPCGS MS62$900,000March 2024Stack’s Bowers
T-101879 Four-Dollar Gold Stella, Flowing HairPCGS PR67DCAM$840,000March 2024Stack’s Bowers
T-101870-CC Liberty Head Double EaglePCGS AU50$840,000March 2024Stack’s Bowers
121863 $10 Liberty Ten DollarPCGS PR64CAM$810,000May 2024Heritage
131876-CC 20CPCGS MS65$690,000August 2024Heritage
141881-O Morgan DollarPCGS PR64$660,000November 2024Stack’s Bowers
151795 $10 (13 Leaves)PCGS MS64+$600,000May 2024Heritage
161907 Indian Gold Eagle Rolled EdgePCGS MS65+$589,500February 2024GreatCollections
171794 1C Head of 1794, Double StruckNGC MS66BN$588,000August 2024Heritage
181878 Pattern Half EaglePCGS PR65+CAM$576,000August 2024Stack’s Bowers
191887 Liberty Head Double EaglePCGS PR65+DCAM$528,000November 2024Stack’s Bowers
201918/7-D Buffalo NickelPCGS MS65+$511,875February 2024GreatCollections
211975 Roosevelt Dime No SPCGS PR67$506,250October 2024GreatCollections
221804 DT$10 Ten DollarPCGS PR64$504,000January 2024Heritage
231893-S $1PCGS MS63$444,000January 2024Heritage
241794 Cent (Head of 1793, Edge of 1794)PCGS MS64BN$432,000January 2024Heritage
251892 Liberty Gold Double EaglePCGS MS67$429,750April 2024GreatCollections
261870-CC Liberty Head EaglePCGS AU55$420,000August 2024Stack’s Bowers
T-271893 $20PCGS PR65DCAM$408,000May 2024Heritage
T-271854-S Liberty Head Quarter EagleNGC AU50$408,000August 2024Stack’s Bowers
T-271877 $50 Half UnionPCGS PR67BN$408,000January 2024Heritage
301871-CC Liberty Gold Double EaglePCGS MS61$395,438August 2024GreatCollections

Why Is This 1943 Penny Worth $4.4 Million?

In 1943, the U.S. Mint switched from copper to steel for making pennies to save copper for World War II efforts. But by mistake, a few copper blanks were still used in that year’s production. This accidental minting created one of the rarest coins in U.S. history—the 1943 copper Lincoln Wheat Penny.

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$10000 Millions from Rare Coins & Wheat Pennies: Know How to Become a Coin Dealer in Simplest Way

Only about 15 to 20 of these copper pennies are known to exist. Because they were never meant to be made, they have become a dream find for coin collectors. One of them has recently been valued at $4.4 million, making it one of the most expensive pennies ever recorded.

How to Spot the Rare 1943 Copper Penny

Think you might have one? Here’s how you can check:

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How to Know your Rare Coins & Wheat Pennies Value: Simplest Guide Ever

  • Date: The coin must be from 1943
  • Colour: It should look coppery brown, not silvery grey like the steel ones
  • Magnet Test: If it sticks to a magnet, it’s a common steel penny. If not, it could be the rare copper version
  • Get it Verified: If you suspect it’s rare, get it authenticated by a coin expert

Is It Really Still in Circulation?

Yes, it’s possible! Over the years, these rare coins could have been forgotten, kept in coin jars, or passed along as regular change. That means someone, somewhere, might still unknowingly have a $4.4 million penny in their collection or wallet.

Coin Dealer State WisePenny & Rare Coins Dealer
Arkansas Coins Dealers ListHow to Sell your Rare Coins
Alaska Coins Dealers ListArizona Coins Dealers List
Pennsylvania State Coins Dealers ListOregon State Coins Dealers List
New York State Coins Dealers ListKentucky State Coins Dealers List
North Carolina State Coins Dealers ListMassachusetts State Coins Dealers List

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5 Tips: How to Clean your Copper or Zinc Pennies without loosing its Value

The idea of finding a Lincoln Wheat Penny worth $4.4 million might sound like something out of a movie, but it’s very real. It shows us that sometimes, valuable things come in the smallest packages. So, next time you find a 1943 penny, don’t toss it aside—it could change your life. Keep your eyes open; your luck might be just a coin away.

FAQ’s

Why is the 1943 Lincoln Wheat Penny worth $4.4 million?

The 1943 Lincoln Wheat Penny is worth $4.4 million because it was mistakenly made with copper instead of steel during World War II. Only a small number of these rare coins were produced, making them extremely valuable to collectors.

How do I identify a rare 1943 copper Lincoln penny?

Look for the 1943 date and a copper colour. If the coin doesn’t stick to a magnet, it could be copper. Steel pennies will stick. For confirmation, have it checked by a coin expert.

Is the $4.4 million penny still in circulation?

Yes, some of these rare 1943 copper pennies may still be in circulation or stored away unknowingly in homes, coin jars, or collections.

Can I sell a 1943 copper penny if I find one?

Absolutely. But first, you’ll need to get it professionally authenticated. Once verified, you can sell it through coin dealers or auctions where collectors are willing to pay a premium.

Why were most 1943 pennies made with steel instead of copper?

During World War II, the U.S. Mint used steel for pennies to conserve copper for military production. A few copper blanks were mistakenly used, creating the rare 1943 copper pennies.

Johnson

Johnson is an experienced rare coin enthusiast with in-depth knowledge of valuable collectibles, including wheat pennies. He specializes in identifying high-value coins and understands the best strategies for selling them in the collector's market. With years of hands-on experience, Johnson knows how to maximize the value of each coin through expert evaluation and the right sales channels.

60 thoughts on “The Lincoln Wheat Penny Valued at $4.4 Million, Still in Circulation”

  1. I have a 1943 n other pennies but I don’t have anyone to grade my pennies where I live. Anyone willing to help and get in contact with me.

    Reply
  2. I have (2) 1943 steel pennies. I would like to get appraised. They stick to a magnet. They are in good shape. I also have 2 buffalo head nickels one has no date the other one has half of the date. And a handful of wheat pennies. The oldest one I have is a 1916 penny

    Reply
  3. I have a 1978
    1991
    1989
    1975
    1994
    1993
    1979
    1976
    1983 pennies but I don’t have anyone to grade my pennies where I live. Anyone willing to help and get in contact with me.

    Reply
  4. I my name is Guy.i have two Lincoln wheat Penny’s, how do I sale them.i also have many of the 2013 dollar bill with the low series number.

    Reply
  5. Hi, I have 2 books of Lincoln pennies a collection. I am missing maybe 2 In the 1st book and 1 one in the other. If you think they could be worth something , By all means reach me by Email .

    Ps. NOJokers Please.

    Reply
  6. I have a couple of each 1943 copper and 1943 steel wheat pennies. I have not had them authenticated yet. Also several several other wheat pennies such as the 1909 and several more. I live in San Diego California if you know of authenticator in that area please let me know. Thank you

    Reply
  7. I have a collection of coins from pennies nickels dimes and quarters I would like to have someone to appraise and see if they were valuable

    Reply
  8. I have a
    1944, 1952, 1956, and two 1957 wheat pennies. I also have a 1958 nickel, a 1974 boe dollar and quite a few bicentennial quarters. Could my coins be worth anything?

    Reply
  9. I have a 1980 Dollar it’s a coin and a 1945 wheat pennie that doesn’t have and marks on it at all are they worth anything

    Reply
  10. Hello my name is Israel Vargas my grandfather was Manuel Hernandez mother’s side if I didn’t world war II I have some coins did he live mom says they were places he stepped and did what he did I would like somebody to help me I praise him because maybe he left them for a reason to us

    Reply

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