Imagine finding a penny in your coin jar that turns out to be worth hundreds of thousands of dollars. While it sounds like a fantasy, it’s not far from reality. Rare Lincoln pennies, some still in circulation or tucked away in old drawers, have fetched up to $350,000 at auctions. These coins are prized for their minting errors, low mintage numbers, or historical significance.
Let’s explore the rare Lincoln pennies you might already own—and the one that could still be out there, worth a jaw-dropping $350,000.
1. 1943 Bronze Lincoln Penny
Estimated Value: Up to $350,000+
This is one of the most famous and valuable pennies in the world. In 1943, pennies were supposed to be made of zinc-coated steel due to wartime copper shortages. However, a few were mistakenly minted using the old bronze (copper) planchets.
🔍 Why It’s Rare:
Only about 15–20 are known to exist. They were accidentally struck and slipped into circulation unnoticed. One of these coins sold for $350,000 in private sale—and more could still be unaccounted for.
2. 1909-S VDB Lincoln Penny
Estimated Value: $700 to $50,000+
This was the very first year of the Lincoln cent, and coins minted in San Francisco with the initials “VDB” (for designer Victor David Brenner) are extremely rare. Only 484,000 were made before the initials were removed due to public controversy.
Why It’s Rare:
It’s a key date for collectors. A well-preserved version can easily fetch tens of thousands depending on condition.
3. 1914-D Lincoln Penny
Estimated Value: $300 to $28,000+
Minted in Denver, this penny is rare due to its low mintage—only about 1.2 million were produced. That might sound like a lot, but most didn’t survive in good shape.
Why It’s Rare:
Finding one in high grade (MS65 or above) is very difficult, making them a valuable prize for collectors.
4. 1922 No D Lincoln Penny
Estimated Value: $500 to $30,000+
This penny was struck in Denver, the only mint operating that year. But some coins came out without the “D” mint mark, likely due to a worn die.
Why It’s Rare:
A 1922 penny without a mint mark is actually from Denver and is considered a rare error. These fetch premium prices.
5. 1955 Doubled Die Lincoln Penny
Estimated Value: $1,000 to $15,000+
This coin is famous for its dramatic doubling on the date and inscriptions. The error is clearly visible without a magnifying glass.
Why It’s Rare:
It was caused by a misalignment during the minting process. Most were released before being caught, and now collectors chase them for their striking visual effect.
6. 1969-S Doubled Die Obverse Penny
Estimated Value: $10,000 to $75,000+
Another doubled die error, this time from the San Francisco mint. It shows strong doubling on the date and lettering on the front of the coin.
Why It’s Rare:
Far fewer of these exist than the 1955 version, and many were destroyed by the Secret Service, mistaking them for counterfeits.
How Can You Tell If You Have a Rare Penny?
If you think one of your pennies might be valuable, look out for these signs:
- Check the Date and Mint Mark: Some years and locations (like 1909-S or 1914-D) are much rarer than others.
- Look for Errors: Doubling, missing letters, or unusual coloring are often signs of a rare coin.
- Condition Matters: Coins in mint state (uncirculated) are worth far more than worn coins.
- Use a Magnet: 1943 bronze pennies won’t stick to a magnet, unlike the common steel versions.
Could That $350,000 Penny Still Be Out There?
Yes—it absolutely could. Not all of the 1943 bronze Lincoln pennies have been accounted for. That means it’s possible one is still floating around, tucked in a collection, coin jar, or pocket change.
People have found valuable coins at garage sales, flea markets, and even in piggy banks. If you come across a 1943 penny that’s not magnetic, get it checked professionally.
Frequently Asked Questions (FAQs)
1. Why are some Lincoln pennies worth so much money?
Because of mint errors, low mintage numbers, or unique features, certain Lincoln pennies are extremely rare and highly sought after by collectors.
2. How can I find out if my penny is valuable?
Start by checking the date, mint mark, and condition. If it seems unusual or matches a known rare type, consider having it professionally appraised or graded.
3. Can rare Lincoln pennies still be in circulation?
Yes! While rare, they’ve been discovered in coin jars, old collections, and loose change, so it’s worth checking your pennies carefully.
4. Where can I sell a rare penny?
You can sell through coin dealers, online marketplaces like eBay, or at professional coin auctions, especially if it has been graded.