Have you ever checked the coins in your pocket? That small penny might be more valuable than you think! The Lincoln Wheat Penny, especially a rare one from 1943 made of copper, has caught the attention of many collectors and treasure hunters for years.
Some stories say it’s worth $99.99 million, but that’s an exaggeration. Still, real coins like this have sold for very high prices. These pennies are not just money; they are a cool part of American history that many people still look for in their change or collections.
Story of Wheat Penny
The Lincoln Wheat Penny started in 1909 to honor Abraham Lincoln’s 100th birthday. The coin was designed by Victor David Brenner. It was special because it was the first U.S. coin to show a real person’s face instead of symbols like Lady Liberty.
On one side, you see Lincoln’s face, and on the other side, two wheat stalks show America’s farming roots. These coins were made from 1909 until 1958, after which the design changed to show the Lincoln Memorial.
1943 Copper Penny Mistake
What makes some Lincoln Wheat Pennies super valuable is a strange mistake during World War II. In 1943, copper was needed for the war, so the U.S. Mint made pennies from steel covered with zinc instead of copper.
But some copper blanks from 1942 were accidentally used that year, making copper pennies stamped with the 1943 date. This error made these pennies very rare and famous among collectors.
How Much Are Rare Wheat Pennies Worth
You might have seen headlines saying the penny is worth $99.99 million, but the truth is less wild. The most expensive 1943 copper penny sold for $1.7 million in 2010. Other ones sold for between $200,000 and $336,000 in auctions.
The rare 1943 copper penny made in Denver (called 1943-D) is worth over $1 million. Only about 15 to 20 of these special pennies are known to exist, making them very rare and valuable.
Valuable Wheat Penny
Wondering if you have a valuable penny? Here’s what to check:
- Look for the wheat design on the back (only pennies from 1909 to 1958 have this).
- Check the date carefully. The 1943 copper pennies are the most valuable. Other rare dates include 1909-S VDB, 1914-D, and 1922 plain.
- The color of a real 1943 copper penny is reddish-brown, not silver like the steel ones.
- Use a magnet to test it. Copper pennies do not stick to magnets, but steel pennies do.
- Copper pennies weigh about 3.11 grams.
- Look for small letters under the date called mint marks. Some marks mean the penny is rarer.
- Be careful of fake pennies. Always get expert help to check if your coin is real.
Fun of Searching for Wheat Pennies
One of the best things about Lincoln Wheat Pennies is the excitement of finding one. Some rare pennies might still be hidden in old coin collections, piggy banks, or just loose change. Finding a million-dollar penny is very rare, but the chance keeps many people looking.
More Than Just Money
The Lincoln Wheat Penny is not only about money. Every coin tells a story about America’s past—from the early 1900s through World War II and more. These small coins connect us to history, American art, and the tough times during the war when materials were scarce.
Note to Remember
This article shares information for learning. Coin prices can change based on the market and collector interest. The $99.99 million value you may hear about is much higher than real auction sales. If you think you have a rare coin, get help from a coin expert or a professional service to check it. Watch out for fake or changed coins—they are common.
FAQs
What is a Lincoln Wheat Penny?
It’s a penny made from 1909 to 1958 with wheat on the back.
Why is the 1943 copper penny special?
Because it was made by mistake during a year pennies were supposed to be steel.
How can I tell a copper penny from steel?
Copper pennies are reddish and not magnetic; steel pennies are silver and stick to magnets.
Are all old pennies valuable?
No, only some rare dates and errors are worth much.
Where can I check if my penny is real?
You should ask a coin expert or a professional grading service.
