Ever dreamed of striking it rich with spare change? Well, it’s not as far-fetched as it sounds. The Lincoln Wheat Penny, once a common coin in every American’s pocket, has become a major target for coin collectors. And believe it or not, some of these humble pennies are worth millions — one rare version is even valued at an eye-popping $114 million. Let’s unpack the story behind this coin and how you might still find one today.
Origins
The Lincoln Wheat Penny made its debut in 1909, honoring the 100th birthday of Abraham Lincoln. It was the first U.S. coin to feature a real historical figure. Designed by Victor David Brenner, the front shows Lincoln’s profile while the back sports two wheat stalks — a nod to growth and prosperity.
From 1909 until 1958, these pennies were minted with the iconic wheat design. In 1959, they switched over to the Lincoln Memorial design. That shift marked the end of an era — and turned the earlier coins into collector’s items.
Rarity
So what makes some of these pennies worth more than a Lamborghini — or even a private island? It comes down to a few key factors:
- Rarity: The fewer there are, the more collectors want them.
- Mint Errors: Mistakes like double strikes or wrong materials can skyrocket value.
- Mint Year: Certain years are just harder to find, especially those with low mintage.
- Condition: Coins in pristine or uncirculated condition are worth way more.
Among the most valuable is the 1943 Bronze Lincoln Wheat Penny, a coin that wasn’t even supposed to exist. That year, pennies were supposed to be made of steel due to copper shortages during WWII. But a few bronze blanks somehow slipped through — and that mistake is now worth millions.
Millions
The holy grail of Lincoln Wheat Pennies? That would be the 1943 bronze version reportedly worth $114 million. Experts believe only a few of these were ever made — maybe by accident when leftover copper blanks were used instead of steel at the Philadelphia Mint.
Here’s why this specific coin is such a big deal: it’s ultra-rare, has a fascinating backstory, and collectors go wild for mint errors like this. Add it all up, and you get one of the most sought-after coins in the world.
Knowing
Can you actually find one of these pennies in your pocket? Surprisingly, yes — though the odds are slim. A few of these coins are still out there, possibly hiding in jars, drawers, or even mixed in with your change.
Look out for older pennies, especially from these years: 1909, 1914, 1922, 1931, and of course, 1943. Found a 1943 penny? Grab a magnet. If it sticks, it’s steel and common. If it doesn’t — bingo! You might be holding the rare bronze version.
Steps
Think you’ve stumbled on a valuable penny? Don’t rush to spend it. Here’s how to check if it’s the real deal:
| Step | What to Do |
|---|---|
| 1 | Check the year and mint mark (e.g., 1909-S, 1914-D, 1943). |
| 2 | Inspect for errors like double strikes or off-center designs. |
| 3 | Test 1943 pennies with a magnet — bronze ones don’t stick. |
| 4 | Get a professional appraisal from a coin expert or grading service. |
| 5 | Consider selling through an auction house or trusted dealer. |
These steps can help confirm whether you’ve got something worth a small fortune.
The Lincoln Wheat Penny isn’t just spare change anymore — it’s a small piece of history with the potential to change your financial future. So next time you’re sorting through coins, don’t overlook those old pennies. One of them could turn out to be your golden ticket.
FAQs
What year Lincoln penny is worth $114 million?
The rare 1943 bronze Lincoln Wheat Penny.
How do I test a 1943 penny?
Use a magnet — steel sticks, bronze does not.
Are all Wheat Pennies valuable?
No, only rare years or error coins are valuable.
Where can I sell rare pennies?
Through coin auctions or trusted coin dealers.
What makes a penny rare?
Rarity, mint errors, year, and condition.
