The Rare Lincoln Wheat Penny Worth $168K – Still Hidden in Circulation

By Ehsteem Arif

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1909-S VDB Penny

When it comes to rare American coins, few are as famous as the 1909-S VDB Lincoln cent. Not only is it the first year of the Lincoln Wheat penny series, but it was also produced in extremely limited numbers—especially with both the “S” mint mark and the “VDB” initials on the reverse. That unique combination makes this tiny coin a big deal in the numismatic world.

If you ever come across one, be cautious. Its high value has led to many counterfeits. But with the right knowledge, you might just spot the real treasure hiding in your coin jar.

Story

The 1909-S VDB penny has two features that make it incredibly special. First, the “S” stands for the San Francisco Mint, where only a fraction of the total 1909 Lincoln cents were produced. Second, “VDB” refers to Victor David Brenner, the coin’s designer, whose initials appear at the bottom of the reverse side.

Only around 484,000 of these coins were minted with both features. Compare that to the millions of other Lincoln cents produced, and you can see why collectors are willing to pay top dollar for a clean, original example.

Fake

Because of its fame and value, the 1909-S VDB is one of the most commonly faked pennies. Scammers have been known to alter regular 1909 coins by adding a fake “S” mint mark or engraving the VDB initials onto coins that never had them.

To avoid falling for a fake, always look at key features:

  • The “S” mint mark should be well-defined and in the correct location.
  • The “VDB” should appear at the bottom center of the reverse, below the wheat stalks.
  • Get the coin authenticated by a professional service like PCGS or NGC before buying or selling.

Value

The value of a 1909-S VDB penny depends heavily on its condition. Coins in average circulated condition still fetch a lot, while uncirculated or high-grade specimens can break records.

Here’s a look at its value range:

Coin ConditionEstimated Value
Good (G-4)$700 to $900
Fine (F-12)$1,200 to $1,500
Extremely Fine (EF)$2,500 to $3,500
Uncirculated (MS-63)$4,000 to $6,000
Mint State (MS-67RD)Up to $168,000

In April 2022, one penny graded MS67RD sold for a jaw-dropping $168,000 at auction. That’s more than the price of many luxury cars—or even a small home.

Tips

If you think you’ve found a 1909-S VDB, don’t clean it or try to restore it. That can actually lower its value. Instead, keep it safe and have it evaluated by a trusted grading service.

Even if it’s not in perfect shape, it could still be worth thousands. For Lincoln cent collectors, this penny is the crown jewel of the series.

Treasure

The 1909-S VDB Lincoln cent is more than just a coin. It’s a piece of American history, a symbol of the beginning of the Lincoln cent legacy, and one of the most sought-after items in coin collecting.

If you happen to come across an old penny, especially one from 1909, take a closer look. That tiny piece of copper might just be worth a fortune—and bring a story with it too.

FAQs

What does VDB stand for?

It stands for Victor David Brenner, the coin’s designer.

How many 1909-S VDB pennies were made?

Only about 484,000 were minted.

Where is the mint mark on the coin?

Below the date on the front of the penny.

What’s the highest price it sold for?

One sold for $168,000 in 2022.

Can I clean the coin before selling it?

No, cleaning lowers its value—keep it as is.

Ehsteem Arif

A Sagittarius who everyone assumes is a Capricorn, Ehsteem divides his time between reading, walking, and hanging out with his mischievous puppy, Tootsie.

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