Imagine finding a simple penny in your pocket that could be worth $100,000. It sounds unbelievable, but it’s true. Some rare Lincoln Wheat Pennies—especially certain error coins—are still out there, hidden among everyday change. If you know what to look for, you might just stumble upon one of these valuable treasures.
Let’s dive into why these pennies are worth so much, how to identify them, and why checking your spare change could pay off in a big way.
A Quick History of the Lincoln Wheat Penny
The Lincoln Wheat Penny made its debut in 1909, marking the 100th anniversary of Abraham Lincoln’s birth. It was the first time a real person (instead of a symbol like Lady Liberty) appeared on a U.S. circulating coin.
Designed by Victor David Brenner, the penny features:
- Front: Abraham Lincoln’s profile.
- Back: Two wheat stalks, surrounding the words “ONE CENT.”
The design remained until 1958, when the U.S. Mint replaced it with the Lincoln Memorial design. Today, Wheat Pennies are collector favorites for their rich history and surprising hidden value.
The $100K Penny: Which One Is It?
The Lincoln Wheat Penny that can be worth up to $100,000 is most famously the 1943 Copper Wheat Penny.
Here’s the story:
- In 1943, due to World War II, the U.S. Mint needed copper for ammunition and military supplies.
- So, pennies that year were made from zinc-coated steel instead of copper.
- However, a few copper blanks (planchets) accidentally got mixed into the production process.
- The result? A handful of 1943 pennies made of copper instead of steel.
Because only a very small number of these copper pennies were minted by mistake, they are incredibly rare—and extremely valuable.
How valuable?
- Average condition: $75,000+
- Excellent condition: $100,000 or more at auctions.
Some pristine examples have sold for even higher prices, depending on their condition and authenticity.
How to Spot a 1943 Copper Wheat Penny
Finding a 1943 Copper Penny requires sharp eyes. Here’s how to check:
- Look at the Date: The coin must be dated 1943.
- Check the Material:
- Regular 1943 pennies are silvery (steel-coated).
- A copper penny will look brownish-red, like regular pennies.
- Magnet Test:
- Steel pennies will stick to a magnet.
- A real copper 1943 penny will not.
- Weigh the Coin:
- A copper penny weighs about 3.11 grams.
- A steel penny is lighter, about 2.7 grams.
Important tip: Be cautious—some counterfeit coins exist. Some regular 1943 steel pennies have been copper-plated to trick collectors.
Other Valuable Lincoln Wheat Pennies to Watch For
Even if you don’t find a 1943 copper penny, several other Lincoln Wheat Pennies could be worth hundreds or even thousands of dollars:
- 1909-S VDB Penny: Worth up to $31,000.
- 1914-D Penny: Valued between $2,500 to $15,000.
- 1955 Double Die Penny: Famous for its doubled lettering, worth $1,500 to $10,000.
- 1922 No D Penny: A Denver-minted coin missing its mint mark, valued at $1,000+.
How Rare Are 1943 Copper Pennies?
Experts estimate that fewer than 40 authentic 1943 copper pennies are known to exist today across all three U.S. Mints (Philadelphia, Denver, and San Francisco).
Because of their rarity and popularity among collectors, each discovery creates a buzz in the numismatic community. Many remain hidden in collections, old jars, or possibly even in circulation.
What to Do If You Think You’ve Found One
If you suspect you’ve found a 1943 copper Wheat Penny:
- Do NOT clean the coin. Cleaning can destroy its value.
- Handle carefully, preferably wearing gloves.
- Get it authenticated by a professional grading service like:
- PCGS (Professional Coin Grading Service)
- NGC (Numismatic Guaranty Company)
- Consider professional appraisal before selling.
An authenticated, certified rare penny can fetch the highest prices at auction or in private sales.
Final Thoughts: Hidden Treasure in Your Spare Change
The Lincoln Wheat Penny is more than just an old coin—it’s a piece of history that could also be a life-changing find. Whether it’s the ultra-rare 1943 copper penny or another valuable version, there’s real treasure lurking among forgotten coins and loose change.
Next time you empty your pockets, dig through your coin jar, or sort through old piggy banks, take a closer look—you might just uncover a penny worth $100,000!
FAQs
1. How can I tell if I have a real 1943 copper penny?
Check if the 1943 penny looks brown (not silvery), does not stick to a magnet, and weighs about 3.11 grams. Always have it authenticated by a professional.
2. What is the easiest way to spot valuable Wheat Pennies?
Start by checking the date and the back design (look for the wheat stalks). Dates like 1909, 1914, 1922, 1943, and 1955 are good indicators of potential value.
3. Are there fake 1943 copper pennies?
Yes, some steel pennies have been copper-plated to trick collectors. Professional authentication is the safest way to know if your coin is genuine.
4. Where can I sell a valuable Lincoln Wheat Penny?
You can sell it through major auction houses, reputable coin dealers, or online platforms after it’s been properly authenticated and graded.