Most people don’t think twice about pennies. They’re small, often overlooked, and only worth one cent. But what if we told you that one particular penny — a Lincoln Wheat Penny — could be worth up to $100,000? That’s right. Some rare versions of this common coin are now worth a fortune. Let’s explore the story behind the Lincoln Wheat Penny, why it’s so valuable, and how some of these rare coins might still be hiding in everyday change.
What Is the Lincoln Wheat Penny?
The Lincoln Wheat Penny was introduced in 1909 to celebrate 100 years since the birth of President Abraham Lincoln. It replaced the Indian Head Penny and became the first U.S. coin to feature a real person — Abraham Lincoln — on the front side (called the obverse).
On the back (reverse) of the coin, you’ll see two stalks of wheat, which is why it’s called the “Wheat Penny.” These wheat stalks represent America’s farming roots.
This penny was minted from 1909 to 1958. After that, the design changed to show the Lincoln Memorial on the back. Even though the design changed, the Wheat Penny is still loved by collectors because of its unique look and historical value.
The Rare 1943 Copper Penny Worth $100,000
Among all Lincoln Wheat Pennies, the 1943 copper version is the one collectors dream about. Why? Because it was never meant to exist.
In 1943, during World War II, the U.S. needed copper for the war, so they started making pennies out of steel coated with zinc. But by mistake, a few 1943 pennies were made using leftover copper from the previous year.
These error coins are extremely rare. If you find a 1943 penny made of copper (not steel), it could be worth $100,000 or even more, especially if it’s in great condition.
This coin is one of the rarest and most valuable in the world of coin collecting, mainly because only a few were ever made by accident.
Why Are These Rare Pennies Still Around?
You might be surprised that such valuable coins are still out there. Most have already been collected or taken out of use over the years. But some might still be in piggy banks, old jars, or even in pocket change — simply because people didn’t realise how special they were.
The rare ones, like the 1943 copper penny, are hardly ever found, but it’s not impossible. That’s why some people still check every penny they get, hoping to strike gold with a one-cent coin!
How to Identify a Valuable Lincoln Wheat Penny
Want to know if your penny could be worth more than one cent? Here’s how you can find out:
Check the Year
Some years are more valuable than others. Look out for these:
1909 (especially with “VDB” on the bottom)
1914-D (the “D” stands for Denver Mint)
1922 (rare with no mint mark)
1943 copper (not steel — use a magnet to check)
Look for Errors
Coins with printing mistakes, like double letters or missing features, can be worth a lot. The 1955 doubled die penny is another famous example.
Examine the Condition
The better a coin looks, the more it’s worth. If your penny is shiny and doesn’t have many scratches, it may fetch a higher price.
Ask a Professional
If you think you’ve found something rare, take it to a coin dealer. They can tell you if it’s real and how much it might be worth.
The Lincoln Wheat Penny isn’t just an old coin — it’s a piece of American history. Some versions, like the 1943 copper penny, are so rare that they’ve become treasures for collectors. With a bit of luck and a sharp eye, you might just find one in your pocket or a coin jar.
Even though it started as a simple one-cent coin, the Lincoln Wheat Penny has turned into something far more valuable. Whether you’re a collector or just curious, it’s always worth checking your spare change. You never know — one penny could be worth $100,000.
FAQs
What is a Lincoln Wheat Penny?
The Lincoln Wheat Penny is a one-cent coin that was minted in the United States from 1909 to 1958. It features Abraham Lincoln on the front and two wheat stalks on the back, representing America’s agricultural roots.
Why is the 1943 copper penny worth so much?
The 1943 copper penny is valuable because it was made by mistake during World War II, when pennies were supposed to be made from steel due to a copper shortage. Only a few copper versions exist, making them extremely rare and worth up to $100,000.
How can I tell if my 1943 penny is made of copper or steel?
You can check with a magnet. Steel pennies will stick to the magnet, while copper pennies will not. This is an easy way to test the metal at home.
Are rare Lincoln Wheat Pennies still in circulation?
Yes, though very rare, some valuable Lincoln Wheat Pennies may still be found in circulation, especially in old coin jars or collections. It’s uncommon, but not impossible.
Where can I sell a rare penny?
You can sell rare pennies to professional coin dealers, at coin shows, or through online auction sites that specialize in numismatics. Always get your coin appraised first.