The Lincoln Wheat Penny, minted from 1909 to 1958, is a common coin that could hold an extraordinary secret. Some claim a rare version might be worth up to $125 million, and it could still be hiding in your change, coin jars, or old collections. While $125 million seems highly exaggerated, certain rare pennies are incredibly valuable. Here’s a clear and simple guide to why this penny is special and how to find one.
What Is the Lincoln Wheat Penny?
Introduced in 1909 to honor Abraham Lincoln’s 100th birthday, this penny was the first U.S. coin to feature a president’s face. Designed by Victor David Brenner, it shows Lincoln’s profile on the front and two wheat stalks on the back, earning its “Wheat Penny” nickname. Most are worth just a cent, but rare ones with errors or unique features are worth a fortune.
The $125 Million Penny: The 1943 Copper Penny
The most valuable Lincoln Wheat Penny is the 1943 Copper Penny. During World War II, pennies were made of steel to save copper for the war. By mistake, a few copper blanks were used, creating extremely rare 1943 copper pennies. Only about 15–20 are known to exist. One sold for $1.7 million in 2010, and experts estimate a perfect example could fetch $5.5 million to $14 million today. Claims of $125 million are unverified and likely inflated, but the coin’s rarity keeps its value high.
Why Is It So Valuable?
- Super Rare: Only a handful of 1943 copper pennies were made. Just one is known from the Denver Mint (1943-D).
- Mint Error: Using copper instead of steel was a big mistake, making it a collector’s treasure.
- Condition: Coins in mint (uncirculated) condition are worth much more.
- History: Its connection to World War II adds special meaning.
Could It Still Be in Circulation?
Yes, it’s possible! These rare pennies might still be out there because:
- People spend them without knowing their value.
- Old coins from family collections or forgotten stashes get used.
- Some have been found in change, like one discovered in a school cafeteria in 1947, later sold for over $200,000.
How to Spot a 1943 Copper Penny
- Look at the Date: Check for “1943” on the front.
- Use a Magnet: Copper pennies don’t stick to magnets; steel ones do.
- Weigh It: Copper pennies are 3.11 grams; steel ones are 2.7 grams.
- Check Mint Mark: Look under the date for a “D” (Denver), “S” (San Francisco), or no mark (Philadelphia). The 1943-D is the rarest.
- Inspect Condition: Shiny, unworn coins are more valuable.
What to Do If You Find One
- Don’t Clean It: Cleaning can ruin its value.
- Store Safely: Hold by the edges and keep in a plastic coin holder.
- Get It Checked: Take it to a grading service like PCGS or NGC to verify it’s real.
- Sell Smart: If authentic, sell through trusted auction houses like Heritage Auctions or Stack’s Bowers.
The $125 Million Question
The $125 million value is likely hype, as no penny has sold for anywhere near that amount. The highest confirmed sale was $1.7 million, with top estimates reaching $14 million for a pristine coin. Claims of $110 million or $125 million lack evidence and should be taken with skepticism. Still, even at lower values, a 1943 copper penny is a life-changing find.
Final Note
Like a rare 1976 Bicentennial Quarter or a shiny Jio Electric Scooter, the 1943 copper Lincoln Wheat Penny is a hidden gem that could be in your change. Finding one is like winning the lottery, but it’s worth a look. Grab a magnet and check any old pennies you find—your next coin could be worth millions! Visit pcgs.com or ngccoin.com for more on rare coins.