Most of us don’t think twice about tossing a penny into a tip jar or letting it gather dust in the car cupholder. But after hearing this, you might start paying a lot more attention to your spare change. There’s a specific Lincoln Wheat Penny out there that could be worth up to $31,000—and it might just be sitting unnoticed in your pocket right now.
Here’s everything you need to know about this valuable coin, how to spot it, and why it’s worth so much.
What Is the Lincoln Wheat Penny?
The Lincoln Wheat Penny was first introduced in 1909 to celebrate the 100th anniversary of President Abraham Lincoln’s birth. It was a major shift for U.S. coin design because Lincoln was the first actual person to appear on a circulating American coin.
Designed by Victor David Brenner, the coin features Lincoln’s profile on the front and two wheat stalks framing the words “ONE CENT” on the back. This design remained in use until 1958, when it was replaced with the Lincoln Memorial on the reverse side.
Collectors love Wheat Pennies for their history, beauty, and, sometimes, their incredible rarity.
Why This Penny Could Be Worth $31,000
Among the many Wheat Pennies minted over the years, one stands out: the 1909-S VDB Lincoln Wheat Penny.
Here’s why it’s so valuable:
- Low mintage: Only 484,000 of these coins were ever made.
- Special initials: The letters “VDB”, standing for Victor David Brenner, appear prominently on the back of the coin at the bottom.
- San Francisco mint mark: The small “S” under the date signifies it was minted in San Francisco, making it rarer than coins made in Philadelphia.
Because of the controversy over Brenner’s large initials, the Mint quickly removed them, making the 1909-S VDB pennies incredibly rare. Today, finding one in good condition can bring a collector a small fortune. High-grade, uncirculated examples have sold for $31,000 or more at auctions.
How to Spot a 1909-S VDB Penny
If you’re wondering how to find one, here’s what to look for:
- Check the Date: It must be a 1909 penny.
- Look for the Mint Mark: Find a small “S” below the date on the front side.
- Find the “VDB” Initials: Flip the coin over and look at the bottom center of the reverse side. The initials “VDB” should be clearly visible between the wheat stalks.
- Condition Matters: Even worn-out coins are valuable, but the better the condition (less wear and more details visible), the higher the price.
Other Valuable Lincoln Wheat Pennies to Watch For
Even if you don’t find a 1909-S VDB, other Wheat Pennies can still be worth a good amount. Here are a few to keep an eye out for:
- 1914-D Penny: Worth $2,500 to $15,000 depending on condition.
- 1943 Copper Penny: A minting mistake during World War II; these can be worth over $100,000.
- 1955 Double Die Penny: Features clear doubling on the date and letters, valued at $1,500 to $10,000+.
How to Check Your Pennies at Home
You don’t need expensive tools to start looking through your change. Here’s a simple guide:
- Magnifying Glass: Helpful for spotting tiny details like mint marks and VDB initials.
- Digital Scale: To check if your 1943 penny is copper (it should weigh about 3.11 grams, compared to the lighter steel ones).
- Magnet Test: Steel pennies stick to magnets; copper ones don’t.
Start by gathering all your old coins, especially pennies from before 1959, and inspect them closely.
What to Do If You Find a Rare Penny
Think you’ve found something valuable? Here’s your next step:
- Don’t Clean the Coin: Cleaning can severely lower a coin’s value.
- Handle With Care: Use gloves or touch only the edges.
- Get It Appraised: Contact a professional coin dealer or grading service like PCGS or NGC.
- Consider Authentication: A graded and certified coin is much easier to sell and usually fetches a higher price.
Why Collecting Coins Is More Than Just About Money
Searching for rare coins like the Lincoln Wheat Penny is about more than just striking it rich. It’s also about enjoying a piece of American history. Every coin tells a story—of the time it was made, the people who used it, and the changes in the country’s economy and culture.
Even if you never find a $31,000 penny, the thrill of the hunt and the knowledge you gain along the way can be just as rewarding.
Final Thoughts
The next time you get change from a coffee shop, gas station, or grocery store, don’t ignore the pennies. One of them could turn out to be worth thousands of dollars. With a little patience and a careful eye, you might just uncover a 1909-S VDB Lincoln Wheat Penny—and a once-in-a-lifetime payday.
So check your pockets—you could be carrying a piece of history worth $31,000!
FAQs
1. What makes the 1909-S VDB Lincoln Wheat Penny so valuable?
Its low mintage, the early use of the VDB initials, and its association with a design controversy make it highly sought after by collectors.
2. How rare is it to find a 1909-S VDB penny in circulation today?
It’s extremely rare, but not impossible. Some have been found in old coin jars, estate sales, or inherited collections.
3. Should I clean a penny if it looks dirty or old?
No. Cleaning a coin can damage it and lower its value dramatically. Always keep coins in their original condition.
4. Where can I get a rare penny appraised?
Professional grading services like PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Company) can authenticate and appraise rare coins.