The Lincoln Wheat Penny is one of the most popular and valuable coins among collectors. While many of these pennies are common, some rare versions can be worth a fortune. One such penny, valued at an astonishing $650,000, is still believed to be in circulation.
What is the Lincoln Wheat Penny?
The Lincoln Wheat Penny was first minted in 1909 to honor the 100th birth anniversary of President Abraham Lincoln. It was produced until 1958 and features Lincoln’s portrait on the front and two wheat stalks on the back, giving it the name “Wheat Penny.”
Why is This Penny So Valuable?
Not all Lincoln Wheat Pennies are worth a lot, but some rare versions are highly valuable. The most expensive one, worth $650,000, is a 1943 Bronze Wheat Penny. In 1943, most pennies were made from steel due to a copper shortage during World War II. However, a few were mistakenly struck in bronze, making them extremely rare. Only a few of these coins are known to exist, and they can fetch huge prices at auctions.
How Can You Find This Rare Penny?
Since this valuable penny is still in circulation, there is a small chance that you might come across one. If you have old pennies from 1943, check if they stick to a magnet. If the penny sticks, it is made of steel and is common. But if it does not stick, you may have a rare bronze version worth a fortune.
Other Valuable Wheat Pennies to Look For
Apart from the 1943 Bronze Penny, other Lincoln Wheat Pennies are also valuable. Some of these include:
- 1909-S VDB Penny – Only a few were made, making it highly valuable.
- 1955 Doubled Die Penny – The lettering on this coin appears doubled, making it rare.
- 1944 Steel Penny – A few steel pennies were mistakenly struck in 1944, and they are extremely rare.
Final Thoughts
The idea that a penny worth $650,000 is still in circulation is exciting for coin collectors and the general public. If you ever find an old Lincoln Wheat Penny, be sure to check its date and material. You never know—you might be holding a small fortune in your hand!
Disclaimer: The prices mentioned for rare coins, including the Lincoln Wheat Penny, are not guaranteed and may not be entirely accurate due to market fluctuations and varying appraisals.