The Lincoln Wheat Penny is one of the most collected coins in American history. While most of these pennies are worth only a few cents, some rare versions have become incredibly valuable. One particular Lincoln Wheat Penny is rumored to be worth a staggering $100 million, and it could still be in circulation today.
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 the first U.S. coin to feature a real person. The front side of the penny shows Lincoln’s profile, while the back side has two wheat stalks, which is why it is called the “Wheat Penny.” This design was used until 1958, when the U.S. Mint introduced the Lincoln Memorial penny.
Why is This Lincoln Wheat Penny Worth $100 Million?
Most Lincoln Wheat Pennies are not rare, but a few special versions have become highly valuable. The 1943 Bronze Lincoln Wheat Penny is one of the most famous examples. During World War II, the U.S. Mint switched from copper to steel to save metal for war supplies. However, a few pennies were accidentally made using bronze, making them extremely rare.
Some reports suggest that an ultra-rare version of this coin has unique errors, a perfect mint condition, or was struck on an experimental planchet. If such a coin exists, it could be worth up to $100 million. However, no official sale has confirmed this price.
Is the $100 Million Lincoln Wheat Penny Still in Circulation?
Although rare coins are usually found by collectors, there is a small chance that a valuable Lincoln Wheat Penny is still in circulation. Many people do not check their pennies carefully, meaning a rare coin could still be in a cash register, a piggy bank, or even in someone’s pocket.
How to Identify a Valuable Lincoln Wheat Penny
If you want to find a rare Lincoln Wheat Penny, look for these key details:
- Year and Metal Type: The 1943 bronze penny is extremely rare. You can test it with a magnet—if it sticks, it is steel and common, but if it does not, it could be the rare bronze version.
- Minting Errors: Look for mistakes like double strikes, missing details, or off-center designs.
- Condition: Coins in better condition are worth more.
Conclusion
While the $100 million Lincoln Wheat Penny remains a mystery, rare versions of this historic coin do exist. Checking your loose change could lead to an incredible discovery and a life-changing fortune!
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.
