Many people dream of finding hidden treasure, but few know that a simple coin in your change jar might be the jackpot. One coin that has captured the attention of collectors and treasure hunters alike is the Lincoln Wheat Penny.
Some of these rare pennies are now valued at up to $5,000,000 — and a few are still out there, mixed in with everyday coins. Let’s look into the history, rarity, and how you might find one.
History
The Lincoln Wheat Penny was first issued in 1909 to celebrate the 100th anniversary of Abraham Lincoln’s birth. Designed by Victor David Brenner, it was the first U.S. coin to feature a real person.
The front shows Lincoln’s portrait, and the reverse has two wheat stalks framing the words “ONE CENT.” The design lasted until 1958, when it was replaced by the Lincoln Memorial on the back. Because of its historical value and unique design, the Wheat Penny has become a favorite among collectors.
Value
Not all Wheat Pennies are worth millions — but some are. The most famous and valuable is the 1943 copper Wheat Penny. In 1943, pennies were supposed to be made from zinc-coated steel to save copper for World War II. However, a few copper blanks from 1942 were accidentally used to mint some 1943 pennies.
These rare copper 1943 pennies are considered one of the greatest U.S. coin errors ever. Only about 20 are known to exist today. One has sold for $1.7 million, and coin experts say a flawless one could sell for as much as $5,000,000 at auction.
Finding
Here’s the exciting part — you don’t need to be a collector to find one. Many people stumble across Wheat Pennies in old jars, piggy banks, or even in pocket change. To find a rare 1943 copper penny, check the year first. It must say 1943.
Then, use a magnet. If it sticks to the magnet, it’s steel — not rare. If it doesn’t stick, it might be the copper version. If you think you’ve found one, don’t clean it. Get it examined by a reputable coin dealer or grading service for authentication.
Others
While the 1943 copper penny is the superstar, other Lincoln Wheat Pennies are also valuable. Here are a few to look for:
| Year | Type | Value Estimate |
|---|---|---|
| 1909-S VDB | First year with initials | $700 – $12,000+ |
| 1914-D | Rare low mintage coin | $300 – $5,500+ |
| 1922 No D | Mint error | $500 – $5,000+ |
These coins aren’t worth millions, but they can still fetch hundreds or thousands of dollars, especially if they’re in great condition.
Treasure
What makes the Lincoln Wheat Penny so interesting is its hidden potential. It looks like any ordinary penny, yet it could change your life. Whether you’re digging through your coin collection or just glancing at your change after a grocery run, keep an eye out.
Sometimes the greatest treasures don’t come from treasure maps — they come from your pocket. One simple penny could be the rare gem that turns a regular day into an unforgettable one.
FAQs
Why is the 1943 copper penny valuable?
It was made by mistake during WWII when pennies were supposed to be steel.
How can I test if my 1943 penny is copper?
Use a magnet. If it doesn’t stick, it might be copper.
What does VDB mean on a penny?
VDB are the initials of the designer Victor David Brenner.
Can I clean my old penny?
No. Cleaning can reduce its value. Leave it untouched.
Where can I check if my coin is valuable?
Visit a certified coin dealer or send it to a grading service like PCGS or NGC.
