The Lincoln Wheat Penny is one of the most iconic coins in American history. Minted from 1909 to 1958, these small copper coins are more than just old currency—they are pieces of history that can be worth a fortune.
Some rare Lincoln Wheat Pennies have sold for staggering amounts at auctions, making collectors and lucky finders instant millionaires.
If you’ve got an old penny lying around, you might want to take a closer look. Here are five of the rarest and most valuable Lincoln Wheat Pennies, with a combined worth of nearly $12 million.
1943 Copper Penny
Estimated Value: $1,000,000 – $1,750,000
During World War II, the U.S. Mint switched from copper to steel for pennies to save copper for war supplies. However, a small number of 1943 pennies were mistakenly struck on leftover copper planchets from 1942. These ultra-rare coins are among the most valuable Lincoln cents ever.
How to Identify It:
- The 1943 copper penny should not stick to a magnet (steel pennies do).
- It has a brownish-red copper color instead of silver-colored steel.
- Be cautious—many fake 1943 copper cents are actually altered 1948 pennies.
In 2010, a genuine 1943-D copper penny sold for a jaw-dropping $1.7 million at auction!
1944 Steel Penny
Estimated Value: $75,000 – $125,000
While the U.S. Mint returned to copper pennies in 1944, a few steel planchets from 1943 accidentally got mixed into production. These rare 1944 steel cents are worth thousands of dollars.
How to Identify It:
- The coin should stick to a magnet (since it’s made of steel).
- It has a silver-gray color, unlike regular copper pennies.
- A genuine steel penny weighs 2.7 grams (copper ones weigh 3.11g).
In 2021, a 1944-S steel penny graded MS66 sold for $408,000 at auction.
1955 Double Die Penny
Estimated Value: $50,000 – $100,000
The 1955 Double Die penny is one of the most famous minting errors in history. Due to a misalignment in the die-making process, the coin features a distinct doubling of the date and lettering on the obverse side.
How to Identify It:
- The words “LIBERTY” and “IN GOD WE TRUST” appear doubled.
- The doubling is only on the front of the coin.
- Many fakes exist, so be cautious when purchasing one.
A well-preserved MS65 Red version of this coin sold for $114,000 in 2018!
1909-S VDB Penny
Estimated Value: $50,000 – $100,000
The 1909-S VDB penny was the first Lincoln cent ever minted. Designed by Victor David Brenner, the coin originally featured his initials (“VDB”) on the reverse. However, controversy over the large initials led to their removal after a limited run.
How to Identify It:
- The initials “VDB” are located at the bottom of the reverse side.
- The “S” mint mark (San Francisco) is below the date.
- Many altered versions exist—always verify authenticity.
A high-grade MS67 Red 1909-S VDB penny sold for $117,500 in 2014!
1914-D Penny
Estimated Value: $50,000 – $100,000
The 1914-D Lincoln cent is not an error coin, but it is one of the rarest key dates in the series. With a low mintage of just 1.1 million coins, finding one in good condition is a challenge. Most circulated heavily, making mint-state examples extremely valuable.
How to Identify It:
- The “D” mint mark (Denver) is below the date.
- Many fakes exist where the “D” is added to a regular 1914 penny.
- Worn-out versions still have significant value.
A 1914-D penny graded MS66+ Red sold for $158,625 in 2018!
Are You Sitting on a Fortune?
If you own any old pennies, it’s worth checking them against this list. Some of these coins have turned pocket change into small fortunes.
Whether you’re a collector or just someone with a jar full of pennies, you never know—your next big discovery could be hiding in plain sight!
FAQs
How can I tell if my 1943 penny is valuable?
A real 1943 copper penny won’t stick to a magnet and has a brownish-red color.
What makes the 1955 Double Die penny special?
It has noticeable doubling on the date and lettering, making it a famous mint error.
Where can I sell a rare Lincoln Wheat Penny?
Auction houses, coin dealers, and online platforms like eBay or Heritage Auctions.
How do I check if a 1909-S VDB penny is real?
Look for the ‘VDB’ initials on the reverse and the ‘S’ mint mark below the date.
Are there fake rare pennies on the market?
Yes, many fakes exist. Always get coins authenticated by a professional.
